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Bannerstone Capital

Updated today

Client assets under management

$155,343,700

Clients

106

26% high-net worth

Advisors

3

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

35

Low

Average account size

$1,465,507

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

Financial planning Portfolio management

Expertise

Active portfolio management ESG / Sustainable investing

Occupation focus

Retired

Fee options

Percentage

1% per annum for managed equity accounts

Other

Fee-only: Fee-only, no commissions or mark-ups

Main office location

Bannerstone Capital

328 Barry Avenue South, Suite 210

Wayzata MN 55391, United States

Number of offices

1

Most active in

California · Minnesota · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

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.

Active portfolio management ESG / Sustainable investing Retired
user avatar

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.

Active portfolio management ESG / Sustainable investing Retired
user avatar

Gregory R

Series 63, Series 65

Wayzata, MN

Bannerstone Capital

Gregory Robillard III is a financial advisor at Bannerstone Capital with 14 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 role, he is involved in music as a member of the rock band Maeflies and owns Finger Mullet Music, a music publishing company. Bannerstone Capital primarily serves affluent individuals and their affiliates, offering fee-only, discretionary portfolio management tailored to clients’ goals and risk tolerance. The firm employs proprietary equity strategies combined with fundamental, technical, and behavioral economic analysis, and also manages fixed-income and bespoke mandates.

Active portfolio management ESG / Sustainable investing Retired
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