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Profile: Boston Private Financial Holdings Inc (BPFH.OQ)

BPFH.OQ on NASDAQ Stock Exchange Global Select Market

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24 Apr 2019
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Boston Private Financial Holdings, Inc., incorporated on September 2, 1987, is the bank holding company of Boston Private Bank & Trust Company (the Bank). The Company offers a range of private banking and wealth management services to high net worth individuals, families, businesses and select institutions. The Company conducts its business through four segments: Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory. As of December 31, 2016, the Company's total deposits were $6.1 billion. As of December 31, 2016, the Company's total loans were $6.11 billion.

Private Banking

The Private Banking segment has one affiliate, Boston Private Bank. The Private Banking segment primarily operates in three geographic markets: New England, the San Francisco Bay Area and Southern California. The Private Banking segment is principally engaged in providing private banking services to high net worth individuals, privately owned businesses and partnerships, and nonprofit organizations. In addition, the Private Banking segment is a 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 consists of the Bank's subsidiary, Boston Private Wealth LLC (Boston Private Wealth), an independent registered investment advisor (RIA). This segment also includes the trust operations of Boston Private Bank. It provides 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; California; Madison, Wisconsin, and the Washington, D.C. area.

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 and abroad. The Investment Managers specialize in equity portfolios with products across the capitalization spectrum. The Investment Managers are located in New England and New York.

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 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 range of asset classes for both taxable and tax-exempt portfolios. The Wealth Advisors are located in New York, Southern California, and Northern California.

Company Address

Boston Private Financial Holdings Inc

10 POST OFFICE SQ
BOSTON   MA   2109
P: +1617.5561900
F: +1617.9124511

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