We are pleased to announce that on October 2, 2014, Boston Private Bank & Trust Company (the “Bank”), a premier wealth management, trust and private banking company owned by Boston Private Financial Holdings, Inc. (“BPFH”), completed the previously announced purchase of substantially all of the assets of Banyan Partners, LLC (“Banyan”).  The Bank previously announced the purchase of Banyan on July 16, 2014.

Banyan is a leading registered investment advisory firm. Banyan Partners has over $4.5 billion in client assets, and is headquartered in Palm Beach Gardens, Florida with locations in Boston, Miami, Naples, Atlanta, Wisconsin, Texas and California.

The acquisition of Banyan is part of the Bank’s strategy to extend the reach of its wealth management business and to accelerate the development of Boston Private Bank’s wealth management offering.  The Bank is combining its existing wealth management business with that of Banyan to create a new, wholly-owned wealth management subsidiary of the Bank.  This new subsidiary will be headed by industry veteran and Banyan’s founder and former CEO Peter J. Raimondi. The combined wealth management business will have approximately $9 billion in assets under management and advisement and will be headquartered in Boston with offices in 7 key regions, including New England, Northern and Southern California, Florida, Texas and Wisconsin. 

Mark D. Thompson, the Bank’s CEO and President, said the acquisition solidifies Boston Private Bank’s position as a world-class wealth management company. “This is an exciting time for the Bank. Adding Banyan’s technical expertise and financial acumen creates an innovative and contemporary wealth management and private banking platform. This is vital for our clients who rely on us through all stages of wealth creation, management and growth. Our coordinated expertise and personal approach make us distinct in the market and extend our ability to provide the guidance our clients need as they prepare for generational asset transfers, start their next venture, lead a family foundation or face other complex financial needs.”

Mr. Raimondi, CEO of the combined wealth management company, who has deep roots in Boston, said “This union with Boston Private Bank enhances our ability to  deliver truly personal and sophisticated financial services to a market that is consistently underserved by a wide range of competitors. We will leverage our core beliefs about wealth management, client protection and high touch client service with technical depth from our expanding team of proven professionals.”

Clayton G. Deutsch, CEO of BPFH, said, “We are committed to delivering distinctive wealth management services to clients with whom we have built trusted relationships. As the financial world becomes more complex, we must also deliver unrivaled technical expertise. Putting Banyan Partners’ team together with our team creates an extremely strong and capable wealth management firm.  I am excited about what this combination will do for our clients and our professionals. We’re thrilled this acquisition is now complete, and we can move forward to deliver greater value to our clients and shareholders across the country.”

About Boston Private Bank & Trust Company

Boston Private Bank & Trust Company is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private Bank has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. The Bank is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses. Headquartered in Boston, the Bank has 25 offices in Boston, San Francisco, San Jose and Los Angeles. For further information, visit www.bostonprivatebank.com. 

About Banyan Partners LLC

Banyan Partners, LLC is a leading national, independent wealth management and registered investment adviser headquartered in Palm Beach Gardens, Florida. Prior to the closing of the transaction, the firm had  approximately $4.5 billion in assets under management 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 /.

About Boston Private Financial Holdings, Inc.

Boston Private Financial Holdings, Inc. is a national financial services organization that owns Wealth Management and Private Banking affiliates in Boston, New York, Los Angeles and the San Francisco Bay Area. The Company has a $6 billion Private Banking balance sheet, and manages over $25 billion of client assets.

The Company positions its affiliates to serve the high net worth marketplace with high quality products and services of unique appeal to private clients. The Company also provides strategic oversight and access to resources, both financial and intellectual, to support affiliate management, marketing, compliance and legal activities. (NASDAQ: BPFH)

For more information about BPFH, visit the Company’s website at www.bostonprivate.com. 

Forward-Looking Statements

Certain statements in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. These statements include, among others, statements regarding our strategy, prospects for growth in assets, and prospects for overall results over the long term. You should not place undue reliance on our forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond BPFH’s control. Forward-looking statements are based on the current assumptions and beliefs of management and are only expectations of future results. BPFH’s actual results could differ materially from those projected in the forward-looking statements as a result of, among other factors, adverse conditions in the capital and debt markets and the impact of such conditions on BPFH’s private banking, investment management and wealth advisory activities; changes in interest rates; competitive pressures from other financial institutions; the effects of continued weakness in general economic conditions on a national basis or in the local markets in which BPFH operates; increasing government regulation; risks related to the identification and implementation of acquisitions, dispositions and restructurings; changes in assumptions used in making such forward-looking statements; and the other risks and uncertainties detailed in the Company’s Annual Report on Form 10-K and updated by BPFH’s Quarterly Reports on Form 10-Q and other filings submitted to the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made. BPFH does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

Boston, MA, October 2, 2014 – Boston Private Bank & Trust Company (the “Bank”), a premier wealth management, trust and private banking company owned by Boston Private Financial Holdings, Inc. (“BPFH”), completed the previously announced purchase of substantially all of the assets of Banyan Partners, LLC (“Banyan”).  The Bank previously announced the purchase of Banyan on July 16, 2014.

Banyan is a leading independent registered investment advisory firm. Banyan Partners has over $4.5 billion in client assets, and is headquartered in Palm Beach Gardens, Florida with locations in Boston, Miami, Naples, Atlanta, Wisconsin, Texas and California.

The acquisition of Banyan is part of the Bank’s strategy to extend the reach of its wealth management business and to accelerate the development of Boston Private Bank’s wealth management offering.  The Bank is combining its existing wealth management business with that of Banyan to create a new, wholly-owned wealth management subsidiary of the Bank.  This new subsidiary will be headed by industry veteran and Banyan’s founder and former CEO Peter J. Raimondi. The combined wealth management business will have approximately $9 billion in assets under management and advisement and will be headquartered in Boston with offices in 7 key regions, including New England, Northern and Southern California, Florida, Texas and Wisconsin. 

Mark D. Thompson, the Bank’s CEO and President, said the acquisition solidifies Boston Private Bank’s position as a world-class wealth management company. “This is an exciting time for the Bank. Adding Banyan’s technical expertise and financial acumen creates an innovative and contemporary wealth management and private banking platform. This is vital for our clients who rely on us through all stages of wealth creation, management and growth. Our coordinated expertise and personal approach make us distinct in the market and extend our ability to provide the guidance our clients need as they prepare for generational asset transfers, start their next venture, lead a family foundation or face other complex financial needs.”

Mr. Raimondi, CEO of the combined wealth management company, who has deep roots in Boston, said “This union with Boston Private Bank enhances our ability to  deliver truly personal and sophisticated financial services to a market that is consistently underserved by a wide range of competitors. We will leverage our core beliefs about wealth management, client protection and high touch client service with technical depth from our expanding team of proven professionals.”

Clayton G. Deutsch, CEO of BPFH, said, “We are committed to delivering distinctive wealth management services to clients with whom we have built trusted relationships. As the financial world becomes more complex, we must also deliver unrivaled technical expertise. Putting Banyan Partners’ team together with our team creates an extremely strong and capable wealth management firm.  I am excited about what this combination will do for our clients and our professionals. We’re thrilled this acquisition is now complete, and we can move forward to deliver greater value to our clients and shareholders across the country.”

Inducement Awards Under Nasdaq Marketplace Rule 5635(c)(4)

In connection with the Banyan acquisition, BPFH will award 637,806 shares of restricted BPFH common stock to 22 Banyan employees who, following the acquisition, will become employees of BP Wealth Management, LLC, the wholly owned subsidiary of the Bank, in order to induce such individuals to commence employment with the new entity.  99,657 of such shares of restricted stock will be  awarded to Peter Raimondi, Banyan’s former Chief Executive Officer, who became the President and Chief Executive Officer of BP Wealth Management effective October 2, 2014.  The awards are to be made under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, as amended, and will be subject to the terms and conditions of this plan.  

These awards will be granted on October 2, 2014, and are approved by the Compensation and Corporate Governance Committee of the BPFH Board of Directors, subject to the closing of the acquisition and each individual’s commencement of employment with the new subsidiary.  The awards vest on the third anniversary of the grant date, subject to the individual’s continued employment through such date, and may be subject to accelerated vesting in certain circumstances to the extent provided in an award recipient’s employment or service agreement.

About Boston Private Bank & Trust Company

Boston Private Bank & Trust Company is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private Bank has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. The Bank is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses. Headquartered in Boston, the Bank has 25 offices in Boston, San Francisco, San Jose and Los Angeles. For further information, visit www.bostonprivatebank.com.

About Banyan Partners LLC

Banyan Partners, LLC is a leading national, independent wealth management and registered investment adviser headquartered in Palm Beach Gardens, Florida. Prior to the closing of the transaction, the firm had  approximately $4.5 billion in assets under management 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 /.

About Boston Private Financial Holdings, Inc.

Boston Private Financial Holdings, Inc. is a national financial services organization that owns Wealth Management and Private Banking affiliates in Boston, New York, Los Angeles and the San Francisco Bay Area. The Company has a $6 billion Private Banking balance sheet, and manages over $25 billion of client assets.

The Company positions its affiliates to serve the high net worth marketplace with high quality products and services of unique appeal to private clients. The Company also provides strategic oversight and access to resources, both financial and intellectual, to support affiliate management, marketing, compliance and legal activities. (NASDAQ: BPFH)

For more information about BPFH, visit the Company’s website at www.bostonprivate.com. 

Forward-Looking Statements

Certain statements in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. These statements include, among others, statements regarding our strategy, prospects for growth in assets, and prospects for overall results over the long term. You should not place undue reliance on our forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond BPFH’s control. Forward-looking statements are based on the current assumptions and beliefs of management and are only expectations of future results. BPFH’s actual results could differ materially from those projected in the forward-looking statements as a result of, among other factors, adverse conditions in the capital and debt markets and the impact of such conditions on BPFH’s private banking, investment management and wealth advisory activities; changes in interest rates; competitive pressures from other financial institutions; the effects of continued weakness in general economic conditions on a national basis or in the local markets in which BPFH operates; increasing government regulation; risks related to the identification and implementation of acquisitions, dispositions and restructurings; changes in assumptions used in making such forward-looking statements; and the other risks and uncertainties detailed in the Company’s Annual Report on Form 10-K and updated by BPFH’s Quarterly Reports on Form 10-Q and other filings submitted to the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made. BPFH does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

Deal Expected to Add $4.3 Billion in Client Assets, More than $25 million of annual fee-based revenue, and Nine Locations to the Bank’s Expanding National Wealth Management Operation

BOSTON, MASS. (July 16, 2014) Boston Private Bank & Trust Company, a premier wealth management, trust and private banking company owned by Boston Private Financial Holdings, Inc., today announced the signing of an agreement to acquire all of the assets of Banyan Partners, LLC, a leading independent registered investment advisory firm. Banyan Partners has over $4.3 billion in client assets, and is headquartered in Palm Beach Gardens, Florida with locations in Boston, New York, Miami, Naples, Atlanta, Wisconsin, Texas and California. Boston Private Bank will establish a new, wholly owned subsidiary that will combine its existing wealth management business with that of Banyan Partners.  Subject to regulatory approval and customary closing conditions, the transaction is expected to close in the fourth quarter of 2014.

This is the first transaction of its kind for Boston Private Financial Holdings (“BPFH” or the “Company”) as it combines Boston Private Bank’s wealth management business with Banyan Partners. Clayton G. Deutsch, CEO and President of BPFH said, “The combined operation will have approximately $9 billion in client assets under management and advisement, making it one of the leading wealth management and investment advisory companies in the U.S.  BPFH’s total client assets in its wealth management businesses (including trust) are expected to expand to approximately $30 billion of total client assets. On a pro forma basis, the addition of Banyan is expected to result in an increase in the consolidated, non-spread based revenue to approximately 45% of total revenue, significantly advancing the Company towards its stated aim of creating a more fee-weighted revenue stream.” Boston Private expects to pay approximately $60 million in cash and stock upon closing, and Banyan Partners will also have the opportunity to receive additional consideration over a two year earn-out period.

Mark D. Thompson, Boston Private Bank’s President and CEO, stated, “This combination is a game-changer for us, our clients and our employees.  By combining the proven strengths of Boston Private Bank, and Boston Private Wealth Management and Trust, with the distinctive investment management capabilities of Banyan Partners, we are creating a comprehensive, national wealth management firm.  Banyan is led by a seasoned and talented team of professionals. Joining forces will allow us to leverage our deep investment expertise, deliver innovative and contemporary wealth advisory services, and offer direct access to Boston Private Bank’s tradition of distinctive services to private clients.  With this combination, we are uniquely positioned to address the complex financial needs of a very sophisticated clientele.”

At the close of the transaction, Peter Raimondi, Banyan Partners’ Founder and CEO, will become CEO of the new wealth management company and key members of both company’s management teams will assume senior roles in the new entity.  Boston Private Bank’s Executive Vice President, John J. Sullivan, will be the new entity’s Chief Business Development Officer and R. Thomas Manning, Banyan Partner’s Chief Investment Officer, will become CIO.

Peter Raimondi stated, “This is a momentous time for all of us at Banyan Partners. Since our founding in 2006, we have executed on a multi-faceted business strategy, growing at impressive organic rates and through strategic acquisitions while maintaining a single-minded focus on delivering custom portfolios to our clients. Combining with Boston Private Bank’s Wealth Management group represents the next phase in our evolution. By accessing private banking and trust services, we will now be in a special position to deliver the full complement of wealth management services to the high net worth marketplace. Both teams share a mutual passion for client service and innovative portfolio management, providing a solid foundation for expansion. I am thrilled to be able to lead this formidable group of professionals.”

Mr. Deutsch said, “We have been looking for a very special partner to extend the reach of our wealth management business and to accelerate the development of Boston Private Bank’s wealth management offering.  We believe that we have found the ideal partner in Banyan, Peter Raimondi, and his leadership team. Banyan shares our core beliefs about wealth management, client protection and client service.  Banyan adds tremendous technical depth to our existing team of professionals. They will also significantly expand our geographic reach into attractive and complementary markets.  This transaction is a natural extension of our wealth management strategy and our intention to combine distinctive wealth management skills with outstanding private banking services, all for the benefit of our clients.  This combination accelerates our client strategy in a very powerful way.”

About Boston Private Bank & Trust Company

Boston Private Bank & Trust Company is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private Bank has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. The Bank is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses. Headquartered in Boston, the Bank has 25 offices in Boston, San Francisco, San Jose and Los Angeles. For further information, visit www.bostonprivatebank.com.

About Banyan Partners LLC

Banyan Partners, LLC is a leading national, independent wealth management and investment advisory firm headquartered in Palm Beach Gardens, Florida. The firm has $4.5 billion in assets under advisement and nine 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 /.

About Boston Private Financial Holdings, Inc.

Boston Private Financial Holdings, Inc. is a national financial services organization that owns Wealth Management and Private Banking affiliates in Boston, New York, Los Angeles and the San Francisco Bay Area. The Company has a $6 billion Private Banking balance sheet, and manages over $24 billion of client assets.

The Company positions its affiliates to serve the high net worth marketplace with high quality products and services of unique appeal to private clients.  The Company also provides strategic oversight and access to resources, both financial and intellectual, to support affiliate management, marketing, compliance and legal activities.   (NASDAQ:  BPFH)

For more information about BPFH, visit the Company’s website at www.bostonprivate.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve risks and uncertainties.  These statements include, among others, statements regarding our strategy, prospects for growth in assets, and prospects for overall results over the long term.  You should not place undue reliance on our forward-looking statements.  You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond the Company’s control.  Forward-looking statements are based on the current assumptions and beliefs of management and are only expectations of future results.  The Company’s actual results could differ materially from those projected in the forward-looking statements as a result of, among other factors, adverse conditions in the capital and debt markets and the impact of such conditions on the Company’s private banking, investment management and wealth advisory activities; changes in interest rates; competitive pressures from other financial institutions; the effects of continued weakness in general economic conditions on a national basis or in the local markets in which the Company operates; increasing government regulation; risks related to the identification and implementation of acquisitions, dispositions and restructurings; changes in assumptions used in making such forward-looking statements; and the other risks and uncertainties detailed in the Company’s Annual Report on Form 10-K and updated by the Company’s Quarterly Reports on Form 10-Q and other filings submitted to the Securities and Exchange Commission.  Forward-looking statements speak only as of the date on which they are made.  The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

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INVESTOR CONTACT:

Steve Gaven
Vice President, Investor Relations
Boston Private Financial Holdings, Inc.
(617) 912-3793
[email protected]

PALM BEACH GARDENS, FL – February 11, 2014 — Banyan Partners, LLC (“Banyan”), a leading national, independent wealth management and investment advisory firm, today announced several senior level promotions.

“These are five outstanding professionals who consistently perform at the highest level each and every day. Their leadership, knowledge and expertise will better position us for future growth,” commented Peter J. Raimondi, JD, Founder and CEO of Banyan Partners.

• Sherri A. Daniels to Chief Operating Officer. With over 25 years of leadership roles in the investment advisory space, Sherri’s oversight will expand significantly to encompass management of the day-to-day operations of the firm including compliance, human resources, family office services in addition to marketing and client relationship management.
• Christopher J. Parker to Chief Administrative Officer. He will now oversee the firm’s administrative functions including back-office operations, portfolio and client services and regional office administration.
• Lauri B. London to General Counsel & Chief Compliance Officer. In addition to managing the firm’s compliance department, she will now serve as chief legal counsel.
• David Costigan to EVP, Client Advisory Services. He has further expanded his role and will now oversee the firm’s client advisors across all nine branches nationwide.
• T. Matt Brann to EVP, Business Development. He will direct and oversee strategic business development efforts across all channels on a nationwide basis.

Raimondi continued, “As EVP for the past three years, Sherri has been engaged in every aspect of our business working closely with me and CFO Patrick Tylander to achieve our strategic initiatives. She has provided thoughtful leadership, helped guide the integration of six acquisitions in the past three years, and driven business development to an organic growth rate in excess of 40% last year. I am confident her deep experience and insights will allow her to be equally effective as COO where she will work collaboratively with the broader executive team to continue our trajectory and to help us deliver best-in-class services with a dedicated commitment to the highest client experience.”

About Banyan Partners

Banyan Partners, LLC is a leading national, independent wealth management and investment advisory firm headquartered in Palm Beach Gardens, Florida. The firm has $4.5 billion in assets under advisement and nine 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 /.

Media Contact:

Kellie Walsh
914-315-6072
[email protected]

Banyan Partners Expands National Footprint and Investment Capabilities with Two New Acquisitions

PALM BEACH GARDENS, FL – August 21, 2013 — Banyan Partners, LLC (“Banyan”), an independent wealth management and investment advisory firm, today announced the signing of two definitive agreements to acquire Dallas-based Rushmore Investment Advisors and Madison, Wisconsin-based Holt-Smith Advisors. The two companies have combined assets under advisement of approximately $1 billion, 400 clients, complementary businesses and over four decades of experience managing the investment needs of high-net-worth individuals and families as well as institutions. Financial terms were not disclosed.

“This year has been a pivotal one for Banyan. We have significantly expanded our national footprint, deepened our regional presence and broadened our investment platform and capabilities,” commented Peter J. Raimondi, JD, Founder and CEO of Banyan Partners. “Rushmore and Holt-Smith provide us a defined institutional platform, an in-house international investment capability and a team of highly skilled portfolio managers located throughout the central U.S., another critical market for us. We are excited to have John, Marilyn and their teams join the Banyan family.”

Rushmore Investment Advisors Transaction:

Rushmore is a privately-held, employee owned registered investment advisor based in Dallas, Texas. The firm employs a comprehensive investment process, quantitative analysis and fundamental review to manage growth equity portfolios for institutions, endowments, foundations and high-net-worth individuals.

“Over the past fifteen years, we have built a proprietary investment platform led by a group of seasoned portfolio managers who have consistently delivered our clients excess relative returns. Banyan enables us to take our platform to the next level with new products and greater scale to meet the needs of our growing client base,” said John Vann, President and CEO of Rushmore.

Holt-Smith Advisors Transaction:

Founded in 1987, Holt-Smith is an independent, woman owned, investment advisory firm based in Madison, Wisconsin. The firm offers several proprietary equity strategies including Large Cap Value and MidCap Growth and diversified portfolio management services for individuals, institutions, pension plans, endowments and foundations.

Marilyn Holt-Smith, President and CEO of Holt-Smith commented, “Finding the right partner is the key to any successful relationship. Banyan provides us the optimal tools and support to reach Midwest investors searching for a trusted, portfolio management partner while enabling us to preserve the values and culture our clients have come to expect over the past 26 years. We are excited to join the Banyan team as they bring their vision to life.”

The transactions are subject to customary closing conditions and are expected to close in October 2013.

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 over $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 /.

Media Contact:

Rachel Kessler
917-660-0608
[email protected]

or

Kellie Walsh
914-830-4973
[email protected]

PALM BEACH GARDENS, FL — August 5, 2013 — 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 /.

Media Contact:

Kellie Walsh
914-315-6072
[email protected]