BanksChannel Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$12,994,930
Clients
35
Advisors
1
of 1 employees
About
The firm provides investment advisory and financial planning services to individuals, trusts, estates, corporations, and charitable organizations, and also offers consulting to sponsors of defined contribution and profit-sharing plans. As a small, fee-only independent advisory practice, it manages roughly $13 million on behalf of a limited client base.
For portfolio management the firm begins with model portfolios composed mainly of low-cost index mutual funds and ETFs, then tailors allocations to each client’s goals, risk tolerance, and time horizon. Portfolios are managed for tax-efficiency outside retirement accounts, rebalanced on an annual basis or when allocations exceed specified thresholds, and adjusted with the aid of asset-allocation software to help limit drawdowns.
Noteworthy features relative to many peers include the firm’s acceptance of charitable organization clients and its consulting work for plan sponsors and an unaffiliated advisor, in addition to its fee-only compensation model that excludes commissions. The firm also leaves proxy voting to clients (it does not vote client proxies) and does not act as a custodian of client assets.
Client services
Expertise
Fee options
Financial planning services offered based on a pre-determined annual flat fee
$1 - $100,000: 1.00% annually $100,001 - $1,000,000: 0.70% annually Over $1,000,000+: 0.30% annually
Financial planning services at $250 per hour
Minimum fee: $250 minimum quarterly account fee Fee-only: Investment management fees based on assets under management; financial planning at $250/hour or predetermined annual flat fee; no commissions
Main office
Roanoke VA
Advisors at this office
1
Most active in
Virginia
Also doing business as
Bankschannel Advisors · Bankschannel Advisors, LLC · Sherman, Andrew Douglas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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