In 1998, with $500 in my bank account, a small family and no clients, I started a one-man accounting practice in Kalispell, Montana. My vision was to create a comprehensive firm designed to assist entrepreneurs to be successful in a sincere and structured way. Working out of my rental, I named my business Banna Business Services (BBS). I had a strong conviction if I truly cared about people and served them in every way required, the growth of my practice would take care of itself. Making a difference one person at a time led to referrals and over time my practice grew.
In 1999, I moved my practice to Missoula to assist one of my client’s businesses during an extended period of rapid growth. This move also afforded my family the opportunity to be located closer to my wife’s extended family. In late 2000, I hired my first part-time employee and we both provided services from my rental.
In 2002, BBS became Banna Business Solutions to provide the distinction we were offering solutions not just providing services.
In 2004, I rented my first office space in the 1821 South Avenue Building in Missoula and in 2005 had my first full-time Associate. At this time, BBS was rebranded to J. R. Banna + Associates.
In assisting my clients, it became clear in addition to offering assistance with their personal and business financial affairs, there was a need for an advisor who fully understood their individual circumstances. In 2010, I became a licensed Investment Advisor Representative with KMS Financial Services, Inc.
In 2013, Garrett Pallo, a lifetime friend (think kindergarten) and a highly successful businessman became a Shareholder of J. R. Banna + Associates. Garrett’s contributions have been invaluable to the growth of our firm.
In 2015, I expanded the wealth management side of my business by adding the clients of a retiring advisor to my practice. I was blessed with growth in all divisions of my company. This growth led to the realization there was only so much I could focus on and still effectively service my clients. In 2017, after much consideration, I divested the Accounting, Tax and Business Services divisions of my company. At this time, J. R. Banna + Associates was rebranded to Banna Financial Advisors.
With the assistance and expertise of my team, we remain committed to providing comprehensive services making a beneficial difference in the lives of our clients. Banna Financial Advisors’ team consists of Investment Advisor Representatives, Wealth Managers, and Insurance Advisors.
My steadfast belief in making a difference one person at a time and caring and serving those in need has allowed something special to happen for the members of our team and the clients we serve! It has been a journey and I look forward to many more years ahead. I would like to express my appreciation to our team and the exceptional clients that have become family to us.
— Jamison R. Banna, President