BanyanGlobal Family Business Advisors wins prestigious STEP Private Client Award

BanyanGlobal Family Business Advisors has won the Family Business Advisory Practice of the Year category at the STEP Private Client Awards. Held by STEP, the worldwide professional association for those advising families across generations, the awards are highly regarded as a celebration of excellence across the private client world. All entries go through a rigorous, practitioner-led judging process to select the best in the industry.

The Family Business Advisory Practice of the Year category, which was sponsored by Lyxor ETF, had a strong set of finalists, with BanyanGlobal Family Business Advisors sharing finalist status with Coutts & Co, Deloitte, Forsters, and KPMG UK to the prize.

The judges said: “BanyanGlobal stood out for its exceptional depth of delivery and awareness of the unique challenges family businesses face. In particular, we admired its focus on family dynamics and its novel four-room governance model.”

“We are honored to have been named the Family Business Advisory Practice of the Year,” says Banyan CEO and co-founder Rob Lachenauer. “We appreciate the recognition from the industry and want to thank STEP. At Banyan, we believe that you are only as good as your clients. We are privileged to work with some of the best families in the world. Good things happen when world-class advisors collaborate with great clients.”

Banyan is an advisory firm that specializes in helping business families transition their collective assets from one generation to the next. Banyan has worked with more than 200 clients from 20 countries on six continents, with operating businesses with annual revenues ranging from $200 million to $10 billion and/or investable assets of $20 million or more. We partner with our clients to help them make difficult decisions that span their family, business, and ownership interests.

Congratulating all the winners, STEP worldwide chair, Patricia Wass said, “The Private Client Awards are a marvelous way to promote and celebrate best practices and high standards. We have seen some excellent work over the last year, and our winners – and indeed our runners-up – should be proud of themselves. Our congratulations to them all.”

STEP is the global professional association for practitioners who specialize in family inheritance and succession planning. STEP works to improve public understanding of the issues families face in this area and promotes education and high professional standards among its members. STEP members help families plan for their futures, from drafting wills to issues surrounding international families, protection of the vulnerable, family businesses, and philanthropic giving.

For more information about BanyanGlobal Family Business Advisors, please contact Editorial Director Karen Dillon or 617 500 6761