B
BanksChannel Advisors, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$12,994,930
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
35
20% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
35
HighAverage account size
$371,284
About
The firm provides investment advisory and financial planning services to individuals, trusts, estates, corporations, and charitable organizations. It offers discretionary portfolio management, standalone financial planning on an hourly or flat‑fee basis, and consulting to sponsors of defined contribution and profit‑sharing plans.
Investment approach relies on model portfolios constructed primarily with low‑cost index funds and ETFs across multiple asset classes, which are then tailored to each client’s risk tolerance, goals, and time horizon. Portfolios are rebalanced on a regular schedule or when allocations stray by a preset amount, with an emphasis on diversification, reducing drawdowns, and tax‑efficiency for non‑retirement accounts.
Compared with peers, the firm is noteworthy for explicitly serving charitable organizations and for providing consulting to plan sponsors and an unaffiliated registered adviser—services that are less common among independent, solo advisers. It operates as a fee‑only solo advisor managing roughly $8 million in discretionary assets for a small client base, does not participate in wrap fee programs, and does not vote client proxies.
Client services
Financial planning
Portfolio management
Expertise
Passive / index investing
Tax-loss harvesting
Real estate investing
Fee options
Pre-determined annual flat fee for financial planning services
$0 - $100,000: 1.00% annually $100,001 - $1,000,000: 0.70% annually $1,000,001+: 0.30% annually
$200 per hour for financial planning services
Minimum fee: $250 quarterly minimum account fee for portfolio management Fee-only: Fee-only compensation, no commissions
Main office location
BanksChannel Advisors, LLC
Roanoke VA, United States
Number of offices
1
Most active in
BanksChannel Advisors, LLC has reported serving >5 clients in these states in the last 12 months.
Virginia
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
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.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
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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