Banyan Partners Announces Closing of Silver Bridge Transaction
PALM BEACH GARDENS, Fla., Aug. 5, 2013 /PRNewswire/ -- Banyan Partners, LLC ("Banyan"), an independent wealth management and investment advisory firm, today announced the closing of its previously announced transaction with Silver Bridge Advisors, LLC on June 4, 2013.
"We have assembled a world class team and an outstanding investment platform," commented Peter J. Raimondi, JD, Founder and CEO of Banyan Partners. "With this deep bench strength, we can deliver our clients a more robust set of advisory services nationwide. We continue to look for growth opportunities that will allow us to expand our footprint and service offering for both the ultra-high-net worth and high-net worth segments of the market."
Today, Banyan has approximately $3.4 billion in assets under management; over 1,700 clients; an expansive platform of advisory services for UHNW and HNW families, family offices, foundations and institutions; plus a significant national presence with 8 offices and 70 employees.
"Our clients value our broad investment platform which allows us to deliver institutional caliber capabilities with a level of service only available from a boutique. This combination is unique within the industry and sets Banyan apart from other independent wealth management firms," said Tom Manning, CIO of Banyan Partners.
About Banyan Partners
Banyan Partners, LLC is a national, independent wealth management and investment advisory firm headquartered in Palm Beach Gardens, Florida. The firm has approximately $4.0 billion in assets under advisement and eight offices located throughout the U.S. Banyan offers objective, thoughtful advice, and custom solutions for ultra-high-net worth and high-net worth families, family offices, foundations, and institutions. For more information, visit http://www.BanyanPartners.net.
SOURCE Banyan Partners