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Ballentine Partners

SEC-registered adviser since 2010Waltham, MACRD 152802

$15.3B
AUM
353
Clients
See fees
Fee
87
Advisory staff

From Form ADV filed 23 September 2026 · data retrieved 15 October 2026SEC record

Ballentine Partners is an investment adviser headquartered in Waltham, Massachusetts, and registered with the SEC since 2010. Its clients include high-net-worth individuals, pooled investment vehicles and charitable organizations. High-net-worth individuals account for 97% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, and educational seminars. Fee arrangements include a percentage of assets under management, hourly charges, fixed fees and other arrangements. Ballentine & Co LLC owns 50% to 75% of Ballentine Partners.

Clients

Ballentine Partners serves 353 clients, 342 of them high-net-worth individuals. The average client has about $43 million with the firm, and high-net-worth clients hold 97% of its $15.3 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals342 clients97%
  • Pooled investment vehicles8 clients3%
  • Charitable organizations3 clients0%
Show client breakdown
High-net-worth individuals
Clients
342
Regulatory AUM
$14,845,286,620
Share
96.9%
Avg. per client
$43.4M
Pooled investment vehicles
Clients
8
Regulatory AUM
$431,335,000
Share
2.8%
Avg. per client
$53.9M
Charitable organizations
Clients
3
Regulatory AUM
$40,116,918
Share
0.3%
Avg. per client
$13.4M

Total

Clients
353
Regulatory AUM
$15,316,738,538
Share
100%
Avg. per client
$43.4M

What it does

Ballentine Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges, fixed fees and other arrangements.

Ballentine Partners provided financial planning to 251–500 clients last fiscal year and advises 10 private funds.

73.3% of assets ($11.23B across 4,403 accounts) are managed with discretion; $4.09B across 2,998 accounts are not. 1% of clients are outside the U.S., and 10 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks62%
  • Funds21%
    • Registered funds14%
    • Pooled vehicles7%
  • Bonds11%
  • Cash6%

Custodians

Ballentine Partners’ client accounts are held mainly at Fidelity, with 49% of managed assets. Ballentine Partners has custody of $7.62B for 347 clients.

Managed account assets by custodian
  • FidelityNational Financial Services LLC · Boston, MA · $7.53B49%
  • All other custodians$7.78B51%

Ownership and leadership

Ballentine & Co LLC owns 50% to 75% of Ballentine Partners.

Who owns the firm
Ballentine Partners, LLC· the adviser

  • Ballentine & Co LLC

    Control person · since January 2010

    Owns 50% to 75% of Ballentine Partners, LLC

Leadership

  • Andrew McMorrow
    President, CEO, Elected Manager
  • William Tickle
    Chief Financial Officer
  • John Tubman
    Chief Operating Officer
  • Sean Cleary
    Chief Compliance Officer
  • Christopher Chandler
    Chief Investment Officer
  • Peter Chiappinelli
    Chief Investment Officer
  • Jennifer Christian Murtie
    Chief Wealth Advisory Officer
  • Jayson Deangelis
    Chief Development Officer
  • Jennifer Eaton
    Elected Manager
  • Coventry Edwards-Pitt
    Chief Creative Officer
  • Laurie Gabriel
    Elected Manager
  • Stephen Hopkins
    Chairman, Elected Manager
  • Kyle Schaffer
    Elected Manager
  • Mark Williamson
    Elected Manager

Staff

  • 125 employees
  • 87 in advisory functions
  • 84 state-registered reps

Reported holdings

Ballentine Partners’ reported 13F holdings total $8.18B across 1,078 positions, and the ten largest make up 59.3% of it.

$8.18B
Reported 13F value
1,078
Positions
59.3%
In the 10 largest
+13.9%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Vanguard Index Fds · Total Stk Mkt24.7%
  2. iShares TR · Core MSCI Eafe8.0%
  3. iShares TR · Core S&P Ttl Stk6.3%
  4. iShares Inc. · Core MSCI Emkt4.4%
  5. Vanguard Tax-managed Fds · Van FTSE Dev Mkt4.4%
  6. iShares TR · Core S&P500 ETF3.4%
  7. State Str SPDR S&P 500 ETF T · TR Unit2.1%
  8. Vanguard Intl Equity Index F · FTSE Emr Mkt ETF2.1%
  9. iShares TR · Glb Infrastr ETF2.1%
  10. Vanguard Index Fds · Real Estate ETF1.9%

Together, the ten largest are 59.3% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 17 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $8.18B is not its $15.32B in regulatory assets and does not represent any individual client's portfolio.

Fees

Ballentine Partners is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other.

Ballentine Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Ballentine Partners has 4 offices, with 5 listed addresses across 3 states.

Listed office addresses by state

Massachusetts · 2 listed addresses

  • 230 3rd Avenue, Suite 6, WalthamHQ
  • One Post Office Square, Boston

Registration details

Legal name
Ballentine Partners, LLC
Headquarters
230 3rd Avenue, Suite 6, Waltham, MA 02451
Phone
781-314-1300
Website
ballentinepartners.com
SEC file
801-71062
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Ballentine Partners have?

Ballentine Partners has 353 clients and manages $15.3 billion for them, as of September 2026. They include 342 high-net-worth individuals, 8 pooled investment vehicles and 3 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 September 2026

What services does Ballentine Partners offer?

Ballentine Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Ballentine Partners use?

Ballentine Partners’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $7,533,624,689. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 September 2026

How many financial advisors does Ballentine Partners have?

Ballentine Partners has 84 investment adviser representatives registered with state securities authorities, out of 125 employees, and 87 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Ballentine Partners invest in?

At the end of its last fiscal year, Ballentine Partners’ separately managed accounts held 62% exchange-traded equities, 14% registered funds (mutual funds, ETFs, BDCs), 11% state and local bonds, 7% pooled vehicles (private funds and similar) and 6% cash and equivalents. It advises 10 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Ballentine Partners?

Ballentine Partners’ direct owner is Ballentine & Co LLC (50% to 75%).

Source: Form ADV Part 1A, Schedules A and B, filed 23 September 2026

How does Ballentine Partners get paid?

Ballentine Partners is paid through a percentage of assets under management, hourly charges, fixed fees and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 23 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 152802.
  3. Form 13F-HR, filed 17 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Ballentine Partners, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.