On November 21, 2011, Banyan Partners, LLC announced the acquisition of investment advisor Earl M. Foster Associates, expanding its presence in the Miami, Florida.
On November 21, 2011, Banyan Partners, LLC announced the acquisition of Miami-based independent SEC Registered Investment Advisor Earl M. Foster Associates. The transaction, which is effective immediately, is expected to increase Banyan’s presence in the Miami area. Headquartered in Palm Beach Gardens, Florida, Banyan is a fee-only SEC Registered Investment Advisor with approximately $1 billion in assets under management. Earl M. Foster Associates, which manages approximately $200 million in assets, will change its name and join Banyan, effective immediately. The terms of the transaction were not disclosed.
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