Registered as a financial services holding company, Boston Private Financial Holding, Inc. operates in several states in the country. The business is headquartered in Boston, Massachusetts and was incorporated in September 1987. The company is the parent venture of Boston Private Bank & Trust Company.
The operations of the business are segmented into four reporting units, namely Private Banking, Investment Management, Wealth Management and Trust and Wealth Advisory. The products and services of the business are offered to customers, businesses and select institutions. They also cater to the needs of high net worth individuals.
The Private Banking segment of the company is represented by the Boston Private Bank. The latter was chartered in the state of Massachusetts and is listed as a trust company. The operations of the bank are divided into three regions, namely Southern California, New England and San Francisco Bay. The services offered by this segment are geared towards addressing the needs of privately owned businesses, non-profit organizations, private partnerships and high net worth individuals. The Investment Management segment is carried out by two affiliates: Dalton, Greiner, Hartman, Maher & Co., LLC and Anchor Capital Advisors LLC. These investment managers are located in New England and New York. They cater to the investment needs of a wide range of clientele. Wealth Management is represented by the wealth management and trust business of Boston Private Bank and Boston Private Wealth, LLC. There are two affiliates that are categorized under the Wealth Advisory division of Boston Private Financial Holding. These businesses include KLS Professional Advisors Group, LLC and Bingham, Osborn & Scarborough, LLC. These firms provide wealth advisory services on a fee-only basis.
Boston Private Financial Holding, Inc. operates as a trusted source of innovative solutions that are geared towards helping their customers reach their financial goals. The company remains publicly traded on the NASDAQ and markets its common shares using the ticker symbol BPFH.