Banyan Partners, an independent wealth management and investment advisory firm, has closed its previously announced transaction with Silver Bridge Advisors on 4 June, 2013.
Peter J Raimondi, JD, founder and CEO of Banyan Partners, said: "We have assembled a world class team and an outstanding investment platform. With this deep bench strength, we can deliver our clients a more robust set of advisory services nationwide.
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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," Raimondi added.
Banyan has approximately US$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.
Tom Manning, CIO of Banyan Partners, said: "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."
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