Boston Private Financial Holdings, Inc. engages in the business of wealth management. It operates through the following segments: Private Banking; Wealth Management; and Trust; Investment Management; and Wealth Advisory. The Private Banking segment provides services to high net worth individuals privately owned businesses, private partnerships and nonprofit organizations as well as provides financing support for housing, first-time homebuyers, economic development, social services, community revitalization and small businesses. The Wealth Management and Trust segment offers comprehensive wealth management solutions for high net worth individuals and families, including customized investment solutions, wealth planning, trust, and family office services. The Investment Management segment refers to the services given to 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 Wealth Advisory segment refers to planning-based financial strategies to high net worth individuals and their families, and non-profit institutions such as fee-only financial planning, tax planning, tax preparation, estate and insurance planning, retirement planning, charitable planning and intergenerational gifting and succession planning. The company was founded on September 2, 1987 and is headquartered in Boston, MA.
Boston Private Financial Holdings, Inc. operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory. Its deposit products include checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit. The company also offers loans to individuals, such as residential mortgage and mortgage loans on investment or vacation properties, unsecured and secured personal lines of credit, home equity loans, and overdraft protection; and loans to businesses, including commercial and mortgage loans, revolving lines of credit, working capital loans, equipment financing, community lending programs, and construction and land loans. In addition, it provides wealth management solutions, including customized investment, wealth planning, trust, and family office services for high net worth individuals and families; investment management services for pension funds, endowments, trusts, foundations and select institutions, mutual funds, and high net worth individuals and their families; and wealth advisory services comprising financial planning, tax planning and preparation, estate and insurance planning, retirement planning, charitable planning, and intergenerational gifting and succession planning. As of January 18, 2017, the company had offices in Boston, New York, Los Angeles, San Francisco, San Jose, Florida, and Wisconsin. Boston Private Financial Holdings, Inc. was incorporated in 1987 and is headquartered in Boston, Massachusetts.