Banyan Partners, an independent wealth management and investment advisory firm, has announced several senior level promotions.

Banyan Partners, the Florida-based independent wealth management and investment advisory firm, has announced several senior level promotions.

Sherri Daniels will become chief operating officer and her role will expand to encompass management of the day-to-day operations of the firm, including compliance, human resources, family office services in addition to marketing and client relationship management.

Meanwhile Christopher Parker has been appointed chief administrative officer, overseeing the firm’s administrative functions, including back-office operations, portfolio and client services and regional office administration.

Lauri London has been promoted to general counsel and chief compliance officer. In addition to managing the firm’s compliance department, she will now serve as chief legal counsel.

David Costigan becomes executive vice president of client advisory services and will now oversee the firm’s client advisors across all nine branches nationwide.

Timothy Brann will assume the role executive vice president of business development and will direct and oversee strategic business development efforts across all channels on a nationwide basis.

Peter Raimondi, founder and chief executive of Banyan Partners, spoke to Family Wealth Report last year about how he believes the firm will probably be at $10 billion in AuM in three years. For more on this story, click here.

Last year the firm bought Boston, MA-based Silver Bridge Advisors, and in September further expanded its national footprint by acquiring Texas-based Rushmore Investment Advisors and Holt-Smith Advisors in Wisconsin.

Based in Palm Beach Gardens, FL, Banyan Partners had $3.8 billion in assets under management as at 31, December 2013 and over 1,700 clients. The firm now has 93 employees, provides advisory services for high net worth and ultra high net worth families, family offices, foundations and institutions.

Besides Palm Beach Gardens, it has offices in San Francisco and Madison, Wisconsin, New York, Boston, MA, Atlanta, GA, Naples, FL, Coral Gables, FL, Fort Worth, TX.