This is a big re-entry into the wealth management acquisitions and they’re doing it in a big way with a $4 billion-plus firm."
David DeVoe, Managing Partner & Founder, DeVoe & Co.
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Summary: Boston Private Bank and Trust Co. announced that it will pay $60 million in cash and stock to purchase Banyan Partners LLC, creating a $9 billion-plus AUM RIA roll-up hungry to acquire.
This is a big re-entry into the wealth management acquisitions and they’re doing it in a big way with a $4 billion-plus firm."
David DeVoe, Managing Partner & Founder, DeVoe & Co.
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