How is Banyan Partners different from other money managers, stock brokers or financial planners?
Go back to the top The first and most important difference is that we are a “fee-only” Registered Investment Adviser. This means that, unlike typical stock brokers or financial planners, we are registered as an Investment Adviser under the Securities and Exchange Commission Act of 1940, and must abide by the rules of the Act. As an SEC Registered Investment Adviser, we manage money on behalf of our clients. This means: We are paid based on how well we manage your wealth. Our fees go up only if your wealth increases; our fees go down if your portfolio declines in value. Our fees are annual, based on the market value of your account and are billed in advance at quarterly intervals. Most stock brokers and financial planners are paid commission on every transaction you make — and when you break it all down, those commissions on the trades they execute could be very high over time. • We actively manage each client’s portfolio based on their unique investment goals. Many financial planners a
