Banner Investment Consultants acts as a consultant, guiding individuals, organizations, retirement plans, and high-net-worth individuals in selecting investment advisors (portfolio managers). Banner does not directly manage investments but recommends advisors from a Banner-approved list. Banner uses Envestnet Asset Management's tools for risk tolerance assessment and suitability recommendations. Banner's goal is to provide access to quality wealth management services.
Fee Structure
Banner Investment Consultants does not directly charge fees. Fees are charged by the portfolio managers selected by the investor from Envestnet's list. These fees are negotiable and based on a percentage of the assets managed. The fees cover Banner's advisory services, Envestnet's investment management, custodian fees, and trading fees. Investors can terminate their contracts and receive a refund of unearned fees.