Bannerstone Capital
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Bannerstone Capital Management is an employee‑owned investment advisory firm that primarily serves affluent individual clients and their affiliates, managing portfolios on a fee‑only, discretionary basis. The firm provides customized portfolio management—largely equity-focused with fixed income and occasional mutual fund/ETF aggregation—and typically custodies client assets through major custodians such as Charles Schwab.
The firm’s investment process combines fundamental and technical analysis with insights from behavioral economics and centers on proprietary equity strategies (notably its legacy Thales and Alloy strategies) alongside dividend, large‑cap growth and other tailored mandates. Portfolios are frequently concentrated, may include short sales and occasional use of leveraged or inverse ETFs, and can be customized for client constraints such as socially responsible or non‑U.S. exclusions.
Compared with peers, Bannerstone is notable for its small three‑advisor team managing roughly $155 million while maintaining explicit policies to prevent conflicts with an affiliated hedge fund entity (Robillard Capital Management), including procedures intended to prioritize client accounts and place the affiliate “last in/last out” where relevant. The firm also provides complementary client reporting tools (an Advent dashboard and third‑party performance summaries), does not accept performance‑based fees, and avoids soft‑dollar arrangements.
Client services
Expertise
Occupation focus
Fee options
1% per annum for managed equity accounts
Fee-only: Fee-only, no commissions or mark-ups
Main office
328 Barry Avenue South, Suite 210
Wayzata MN 55391
Advisors at this office
3
Most active in
California · Minnesota · Wisconsin
Also doing business as
Bannerstone Capital · Bannerstone Capital Management, LLC
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.
Advisors at this firm
Scott L
Series 63, Series 65
Wayzata, MN
Bannerstone Capital
Scott Larson is a financial advisor at Bannerstone Capital with 14 years of industry experience. He holds Series 63 and Series 65 designations and has been with Bannerstone Capital Management LLC since 2008. Bannerstone Capital Management primarily serves affluent individuals and their affiliates, offering fee-only, discretionary portfolio management and related advisory services. The firm employs proprietary equity strategies combined with fundamental and technical analysis, alongside behavioral economics insights, to tailor portfolios according to client goals and risk tolerance.
David H
Series 65
Wayzata, MN
Bannerstone Capital
David Hust is a financial advisor at Bannerstone Capital Management in Wayzata, MN, holding a Series 65 designation with six years of industry experience. He has been with Bannerstone Capital since 2011. Bannerstone Capital Management advises primarily affluent individuals and their affiliates, providing fee-only, discretionary portfolio management and related advisory services. The firm uses proprietary equity strategies combined with fundamental and technical analysis and behavioral economics insights, serving a small, employee-owned team of three advisors.
Gregory R
Series 63, Series 65
Wayzata, MN
Bannerstone Capital
Gregory Robillard III is a financial advisor at Bannerstone Capital with 15 years of industry experience. He holds Series 63 and Series 65 licenses and has been with Bannerstone Capital Management LLC since 2008. Outside of his advisory work, he is involved in music as a member of the rock band Maeflies and owns Finger Mullet Music, a music publishing company. Bannerstone Capital Management is an employee-owned firm serving affluent individual clients with customized, equity-focused portfolio management on a fee-only, discretionary basis. The firm employs a blend of fundamental and technical analysis alongside behavioral economics insights, managing portfolios that may include concentrated equity positions, short sales, and tailored mandates.
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