Ballentine Partners, LLC is a large advisory firm based in Waltham. It manages $6.42 billion of regulatory assets for 4,019 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Connecticut, and 11 other states.
Ballentine Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, educational seminars and workshops, and we are a sub-advisor.. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ballentine Partners, LLC is $6.42 billion. The firm's AUM has grown by 154% since the beginning of its operation, and $101.78 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ballentine Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Ballentine Partners is high net worth individuals with 211 clients and $6.42 billion of assets under management. Among the 8 most similar advisory firms, Ballentine Partners has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $6.42 billion for 211 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Ballentine Partners doesn't advise any private funds.
The company employs 73 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 50 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Ballentine Partners, LLC performs its advisory services is located at 230 Third Avenue, Waltham, MA 02451 The mailing address of the firm is 230 Third Avenue, Waltham, MA 02451. An additional office of the firm is in Palm Beach Gardens, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 781-341-1300 or by fax 781-359-8412. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at ballentinepartners.com.