BANYAN SECURITIES, LLC (BNYN), CUSTOMER RELATIONSHIP SUMMARY (FORM CRS)
Introduction
Banyan Securities, LLC is registered with the Securities and Exchange Commission (“SEC”) as a broker-dealer. Brokerage and investment advisory services and fees differ and it is important for you to understand these differences. The SEC offers free and simple tools to research firms and financial professionals at 
www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers and investing.
What investment services and advice can you provide me?
We offer brokerage services to retail customers. Our services include, but are not limited to, buying, and selling of securities, including stocks, bonds, options, or limited partnerships. Our services are provided through a fully disclosed clearing arrangement with National Financial Services, LLC, where your account is held in custody. We do not provide ongoing account monitoring.
We offer limited investment offerings and do not provide advice or recommendations. We do not open accounts for outside retail investors. Family members are allowed to open accounts with the firm. The firm provides limited discretionary authority for a few family accounts. We do not have any minimum account size or investment amount requirements for retail investors to open or maintain an account or establish a relationship.
We only provide execution services and do not offer proprietary products, third-party products, or engage in principal trading. We only accept unsolicited orders to buy or sell securities.
| For additional information about our services, please see our website at |
What fees will I pay?
You will pay a commission each time you trade in your account. The commission amount varies based on the security, the number of shares, or amount of the transaction.
You would be charged more when there are more trades in your account, therefore the firm may have an incentive to encourage a retail investor to trade often.
You will pay clearing, custodial fees, and maintenance fees charged for services provided by our clearing firm, National Financial Services, LLC. If you purchase securities on margin, you will pay margin interest.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
| Please contact us for additional information on fees and costs or for a copy of our commission schedule. |
| Ask your financial professional: Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me? |
What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have? How else does your firm make money and what conflicts of interest do you have?
We do not provide recommendations. The way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the services we provide you. Here are some examples to help you understand what this means.
We receive, revenue sharing, a portion of the margin interest you pay to our clearing firm, which may represent a conflict with your interest.
| Ask your financial professional: How might your conflicts of interest affect me, and how will you address them? |
| Please contact us for additional information on fees and costs or for a copy of our commission schedule. |
How do your financial professionals make money?
Our professionals are paid a percentage of the commission you pay on transactions you make. The more transactions you make the more money our professionals make, which may represent a conflict with your interest. They are not paid any other consideration, cash or non-cash for providing services for accounts.
Do you or your financial professionals have legal or disciplinary history?
Yes. You may visit www.investor.gov/CRS for a free and simple search tool to research our firm and your financial professional.
| Ask your financial professional: As a financial professional, do you have any disciplinary history? For what type of conduct? |
Additional Information
A retail investor may find additional information about our firm and request a copy of our Relationship Summary by contacting Jon Greenfield, Managing Partner at 415-461-0900 or Claudio Chiuchiarelli, Managing Partner, at 415-461-0900.
| Ask your financial professional: Who is my primary contact person? Is he or she a representative of the broker-dealer? Who can I talk to if I have concerns about how this person is treating me? |
