BanyanGlobal Named Advisory Firm of the Year
The firm earned the top industry title for its work in family business governance and ownership development.
Updated on Oct. 14, 2026 in Financial Planning
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BanyanGlobal Family Business Advisors has received the Family Business Advisory Practice of the Year award at the 21st annual STEP Private Client Awards in London. The recognition marks the firm's fourth win for its specialized work with multi-generational family enterprises.
Why it matters
The award highlights the growing emphasis on professional governance structures for family-owned groups seeking to preserve their assets. Selecting an advisor with proven methodologies for long-term ownership transition is a critical step for families managing complex wealth.
BanyanGlobal has advised more than 280 family owner groups across 24 countries since its inception in 2012. The firm was previously recognized by the organization in 2018, 2020, and 2021.
The players
BanyanGlobal Family Business Advisors
An advisory firm that provides governance and ownership services to family businesses in 24 countries.
STEP
A global professional association for private client practitioners with over 21,000 members in 100 countries.
Dennis Jaffe
A professional representing BanyanGlobal who accepted the award on the firm's behalf.
The details
The STEP Private Client Awards utilize an international panel of senior practitioners to evaluate candidates on their ability to combine formal governance with skill-building. For family groups, this process aims to ensure that business operations and personal wealth management remain aligned across generations. Families typically engage such firms to build the infrastructure required to manage ownership responsibilities, family meetings, and succession planning effectively.
Timeline
2012: BanyanGlobal was founded.
2018, 2020, 2021: BanyanGlobal won previous advisory awards.
October 14, 2026: Award recognition published.
Money Landscape
This award marks the latest installment of the annual recognition program established by the organization to benchmark professional service standards. It reflects the ongoing trend of families seeking formalized structures to manage succession and preserve long-term ownership.
When seeking professional guidance for complex family assets, prioritize firms with proven experience in long-term governance and succession. Always verify an advisor's credentials and experience level with a qualified tax or financial professional before committing to advisory services.
The takeaway
The recognition underscores the importance of institutional-grade governance when managing family-owned wealth. As you evaluate your own financial strategy, ensure your planning documents are updated and consult a tax professional to align your estate goals with current regulations.
Further reading
For additional context on managing long-term assets and family succession, visit our Financial Planning section.
More information
View the Full awards press release for complete details on the selection criteria.
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