Banyan Partners, an independent wealth management and
investment advisory firm, has closed its previously-announced acquisition of
Boston, MA-based Silver Bridge Advisors.

As reported when the deal was announced on June 4, Peter
Raimondi, chief executive of Banyan Partners, has retained that role at the new
firm. Meanwhile, Thomas Manning, CEO and chief investment officer of Silver Bridge, has
become chief investment officer.

Michael Blackmon, Banyan’s CIO, is now executive director of portfolio
management, leading a team of 22 portfolio managers.

Based in Palm Beach Gardens, FL, Banyan Partners has some $3.4 billion in assets under management and over
1,700 clients. The firm, which has 70 employees, provides advisory services for high net worth and ultra high net worth
families, family offices, foundations and institutions.

Besides Balm Beach Gardens, it has offices
in New York, Boston, MA, Atlanta, GA, Naples, FL, Coral Gables, FL, Fort Worth, TX.

To view an interview by this publication with Silver Bridge, click here.