Advisor at BanksChannel Advisors, LLC
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Firm
BanksChannel Advisors, LLC
Location
Roanoke, VA
Credentials
Series 65
Industry experience
13 years
Andrew Sherman is a financial advisor with BanksChannel Advisors, LLC, an independent firm based in Roanoke, VA. He holds a Series 65 designation and has 13 years of industry experience. Sherman has been with BanksChannel Advisors since 2012 and has been active in the financial field since 2001. BanksChannel Advisors provides investment advisory and financial planning services to individuals, trusts, estates, corporations, and charitable organizations. The firm uses model portfolios primarily composed of low-cost index funds and ETFs, tailored to clients’ risk tolerance, goals, and time horizons, with an emphasis on diversification, reducing drawdowns, and tax efficiency. It is notable for serving charitable organizations and offering consulting services to plan sponsors and unaffiliated registered advisers.
Based on BanksChannel Advisors, LLC
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
Roanoke, VA
Virginia
BanksChannel Advisors, LLC
2012 - Present (14 years)
Sherman
2001 - Present (25 years)
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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.
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.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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