|By Marketwired .||
|January 17, 2013 08:00 AM EST||
PALM BEACH GARDENS, FL -- (Marketwire) -- 01/17/13 -- Banyan Partners, LLC (www.BanyanPartners.net), a rapidly-growing billion dollar investment advisory firm specializing in customized investment portfolios, announced today a strategic partnership with Temperance Partners, a private investment firm.
The strategic partnership will provide Banyan with expansion capital to support its acquisition efforts in the investment advisory arena.
Founder and CEO of Banyan Partners, Peter J. Raimondi, JD, said, "I founded Banyan in 2006 with a vision of building it into a world-class investment advisory firm. We have successfully completed four strategic acquisitions in the past four years that have enhanced the breadth and depth of our investment management services. Further, and more importantly, our growth has allowed us to create a dynamic client service offering that is unique in the RIA space.
"We plan to continue being aggressive with our acquisition strategy as we look to acquire the best and brightest who share a similar, client-centric culture. Our partnership with Temperance not only offers investment capital, it also brings experienced, entrepreneurial people who want to work with us to help take Banyan to the next level."
Headquartered in Palm Beach Gardens, Florida, and with six branches in key financial regions, Banyan Partners has grown from $30 million in assets under management at its founding in 2006 to $1.3 billion in assets under management as of December 31, 2012 through strategic acquisitions and significant organic growth.
Co-Founder of Temperance Partners, Kevin Tice, said, "We evaluated many investment advisors throughout North America, and we selected Banyan Partners because it has the right approach, energy, team, and vision. We are pleased that Banyan chose to partner with us and look forward to supporting its continued expansion."
Co-Founder of Temperance Partners, Paul Sorbara, said, "Coming from a family business with a 60-year history, Banyan's unique partnership, culture, and quality of its client service offering resonated with me. Most RIAs we approached were looking for an exit strategy. We wanted a long-term partner with the motivation and talent to grow into a world-class firm. We found that in the team at Banyan Partners."
About Banyan Partners
Banyan Partners, LLC is a fee-only, SEC Registered Investment Advisor headquartered in Palm Beach Gardens, Florida, with regional offices in New York City, Boston, Atlanta, Dallas-Fort Worth, Naples, and Coral Gables. Banyan manages more than $1.3 billion in assets, providing clients with customized, disciplined and strategic investment portfolios combined with a comprehensive approach to wealth management.
The principals of Banyan have more than three decades of experience successfully providing wealth management services using complex investment strategies. Through the use of equity, options and fixed income investments, Banyan provides each client with a customized asset and sector allocation that results in a tailored portfolio best suited to their specific investment goals. For more information, visit: www.BanyanPartners.net.
About Temperance Partners
Temperance Partners is a private investment firm founded in 2011 for the purpose of investing exclusively in financial services businesses with superior management and that possess the unique strategic vision required to outperform in today's financial markets. As Francis Bacon said: "The virtue of prosperity is Temperance," a simple way to describe both the ethos and investment approach of Temperance Partners.
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