PLYMOUTH MEETING, Pa., Sept. 13, 2016 /PRNewswire/ -- Gladstone Associates LLC today announced that Peter Raimondi has joined the firm as Managing Director. Previously, Raimondi was founder and CEO of Banyan Partners, a registered investment advisory firm with $4.3 billion in assets under management when it was sold to Boston Private Bank in 2014 for a reported $65 million.
According to Gladstone President Paul Lally: "Peter brings tremendous experience and expertise, as evidenced by his successes as an entrepreneur. He also fully embraces the Gladstone philosophy, centering on our clients' needs for objective, customized guidance to best perpetuate their life's work into the future. Effecting an M&A transaction or implementing a Corporate Plan is the result of a process based on leading with advice."
"What I particularly admire about Gladstone is the professionalism throughout the organization," Raimondi says. "The quality of their people is second to none. Paul is more creative than anyone I've met in the M&A consulting space. He has a serious, multifaceted approach to getting clients from point A to point B."
Raimondi's experiences as a buyer and seller of RIA firms make him uniquely equipped to counsel other RIAs. A graduate of the Boston University School of Law, he started his financial career in 1986, when he founded The Colony Group in Boston. Starting in 2006, he built Banyan Partners, in part through acquisitions. "I made some wonderful acquisitions and one or two questionable ones. Either way, you have to take ownership of your decisions," he says. "I hope that my addition to the Gladstone team will draw clients who say, 'He's acquired and integrated seven companies in the past six years, and eventually sold his company to a public firm—what kinds of experiences did he go through that we could learn from?' "
About Gladstone Associates LLC
Gladstone was founded in 2006 to provide high-end strategic consulting to successful independent financial advisory firms. The team at Gladstone, which collectively has more than 200 years of industry experience in M&A, Corporate Planning, Succession & Business Continuity Planning, as well as Tax, Legal & Corporate Finance expertise, capitalizes on this experience to ensure informed guidance, focused activity and measurable results. For more information, go to gstonellc.com or call 610-834-1989.
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SOURCE Gladstone Associates LLC