Boston Private Financial Holdings, Inc. was incorporated on September 2, 1987,
under the laws of The Commonwealth of Massachusetts. On July 1, 1988, the Company
registered with the Board of Governors of the Federal Reserve System as a bank
holding company under the Bank Holding Company Act of 1956, as amended, and
became the parent holding company of Boston Private Bank & Trust Company,
a trust company chartered by The Commonwealth of Massachusetts and insured by
the Federal Deposit Insurance Corporation .
We are a wealth management and private banking company that offers a full range
of wealth management and private banking services to high net worth individuals,
families, businesses, and select institutions through a financial umbrella that
helps to preserve, grow, and transfer assets over the financial lifetime of
a client through our four functional segments: Private Banking, Wealth Management
and Trust, Investment Management, and Wealth Advisory.
Private Banking
The Private Banking segment has one affiliate, Boston Private Bank, a trust
company chartered by The Commonwealth of Massachusetts and insured by the FDIC.
The Private Banking segment primarily operates in three geographic markets:
New England, San Francisco Bay, and Southern California. The Private Banking
segment is principally engaged in providing private banking services to high
net worth individuals, privately owned businesses, private partnerships, and
nonprofit organizations. In addition, the Private Banking segment is an active
provider of financing for affordable housing, first-time homebuyers, economic
development, social services, community revitalization and small businesses.
Wealth Management and Trust
The Wealth Management and Trust segment is comprised of Boston Private Wealth
LLC (“Boston Private Wealth”), an independent registered investment
adviser (“RIA”) which is a wholly owned subsidiary of the Bank.
This segment also includes the trust operations of Boston Private Bank. Boston
Private Wealth was formed from the combination of the Bank’s wealth management
business and those of Banyan Partners, LLC (“Banyan”), which the
Bank acquired in the fourth quarter of 2014. The segment provides comprehensive
wealth management solutions for high net worth individuals and families, including
customized investment solutions, wealth planning, trust, and family office services.
The Wealth Management and Trust segment operates in New England; South Florida;
Texas; California; Atlanta, Georgia; and Madison, Wisconsin.
Investment Management
The Investment Management segment has two affiliates: Dalton, Greiner, Hartman,
Maher & Co., LLC (“DGHM”), and Anchor Capital Advisors LLC (“Anchor”),
both of which are RIAs (together, DGHM and Anchor are referred to as the “Investment
Managers”). The Investment Managers serve the needs of pension funds,
endowments, trusts, foundations and select institutions, mutual funds and high
net worth individuals and their families throughout the United States (“U.S.”)
and abroad. The Investment Managers specialize in value-driven equity portfolios
with products across the capitalization spectrum. The specific mix of products,
services and clientele varies between affiliates. The Investment Managers are
located in New England and New York, with one affiliate administrative office
in South Florida.
Wealth Advisory
The Wealth Advisory segment has two affiliates: KLS Professional Advisors Group,
LLC (“KLS”), and Bingham, Osborn & Scarborough, LLC (“BOS”),
both of which are wealth management firms and RIAs (together, the “Wealth
Advisors”). The Wealth Advisors provide comprehensive, planning-based
financial strategies to high net worth individuals and their families, and non-profit
institutions. The services the firms offer include fee-only financial planning,
tax planning, tax preparation, estate and insurance planning, retirement planning,
charitable planning and intergenerational gifting and succession planning. The
Wealth Advisors manage investments covering a wide range of asset classes for
both taxable and tax-exempt portfolios. The Wealth Advisors are located in New
York, Southern California, and Northern California.
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