SOURCE: Banyan Partners, LLC

Banyan Partners, LLC

November 21, 2011 08:00 ET

Banyan Partners Acquires Earl M. Foster Associates

Expands Custom Investment Management to Miami

PALM BEACH GARDENS, FL--(Marketwire - Nov 21, 2011) - Banyan Partners, LLC (www.BanyanPartners.net), a rapidly-growing billion dollar investment advisory firm specializing in customized investment portfolios, announced today the strategic acquisition of Earl M. Foster Associates (www.emfa.com), a Miami-based independent SEC Registered Investment Adviser.

Founder and CEO of Banyan Partners, Peter J. Raimondi, JD, said, "This merger affords us the opportunity to enhance our service offering to clients in the Miami area and further develop our presence in the Latin and Cuban American community. In addition, the investment acumen that Earl Foster and Nancy Perez and their team bring to Banyan Partners adds a wonderful dimension to what is already one of the highest quality personal investment teams in the country."

Headquartered in Palm Beach Gardens, Florida, the move increases Banyan Partners' presence in the Miami area. With regional offices in New York, Boston, Atlanta, Memphis, Naples and now Miami, the combined entity provides greater face-to-face access to the firm's financial advisors, a broader range of wealth services and greater investment opportunities for clients nationwide.

"This combination enhances our capability of managing investments more effectively. Banyan has a similar business culture, level of personal service, professionalism, and investment philosophy," said Earl M. Foster, new Managing Director and Principal at Banyan Partners and founder of Earl M. Foster Associates.

Foster continued, "We couldn't be more pleased to join the Banyan Partners family, which affords our clients immediate access to a broader range of investment solutions, especially Banyan's expertise in option trading."

Nancy Perez, CFA, new Managing Director and Principal at Banyan Partners and former Vice President, Senior Investment Officer, and Principal of Earl M. Foster Associates, said, "We are excited to be partnering with a firm with the resources and network of Banyan Partners. Our clients will benefit from an expanded team of investment professionals, while continuing to receive our personalized investment management services."

Effective immediately, Earl M. Foster Associates will change its name and become part of Banyan Partners. All company executives and key employees will continue as part of the new firm. Their programs, service offerings and strategies will remain and be enhanced as a result of the merger. Terms of the deal were not disclosed.

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, Memphis, Naples, and Miami. Banyan manages more than $1 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 Earl M. Foster Associates

Founded in 1982, Earl M. Foster Associates manages more than $200 million in assets, specializing in the management of portfolios, on a discretionary basis, for individuals, retirement plans, trusts, estates, and charitable foundations.

Contact Information

  • CONTACT:
    Marie Albin
    Marketing Director
    Banyan Partners
    561-630-4600
    e-mail: Email Contact