Top 10 financial advisor firms in Massachusetts

266 SEC-registered financial advisor firms are headquartered in Massachusetts, with $439B in combined regulatory assets under management. The largest by assets are Breckinridge Capital Advisors ($54.3B), SCS Capital Management ($48.7B) and Rwa Wealth Partners ($19.8B).

266
Financial advisor firms: $439B
Their combined AUM: $400M
Median firm AUM: 39,796
Clients of the top 10

The 10 largest by assets

1
Breckinridge Capital Advisors
RIA
$54.3B
Regulatory AUM
2
SCS Capital Management
RIA
$48.7B
0.75% to 0.75%
3
Rwa Wealth Partners
RIA
$19.8B
0.50% to 1.25% a year
4
Ballentine Partners
RIA
$15.3B
0.25% to 0.95% a year
5
CW Advisors
RIA
$15.2B
Up to 1.50% a year
6
Loring, Wolcott & Coolidge Fiduciary Advisors
RIA
$12.8B
0.30% to 0.90%
7
Choate Investment Advisors
RIA
$10B
Up to 1.25% a year
8
Welch & Forbes
RIA
$9.9B
0.50% to 1.25% a year
9
F L Putnam Investment Management
RIA
$9.72B
0.60% to 1.10% a year
10
Battery Global Advisors
RIA
$8.37B
0.25% to 1.00% a year

Profiles of the top 10

No. 1 · RIA

Breckinridge Capital Advisors

Breckinridge Capital Advisors is an investment adviser based in Boston, MA, registered with the SEC since 1993. It provides investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $54.3 billion, as filed on 18 March 2026.

Regulatory AUM: $54.3B
Clients: 18,447
Advisory staff: 41
Founded: 1993
Custodians: Fidelity, Charles Schwab
Headquarters: 125 High Street, Suite 431, Boston, MA 02110-1529
Phone: 617-443-0779
Website: breckinridge.com

No. 2 · RIA

SCS Capital Management

SCS Capital Management is an investment adviser based in Boston, MA, registered with the SEC since 2002. It provides financial planning and investment management. Its clients include high-net-worth individuals, pooled investment vehicles and charitable organizations. Its regulatory assets under management total $48.7 billion, as filed on 14 July 2026.

SCS Capital Management charges 0.75% for its Wealth Management Clients: Asset Based Fees. The brochure does not state whether the rate is annual.

Regulatory AUM: $48.7B
Clients: 589
Advisory staff: 99
Fee schedule: 0.75% to 0.75%
Custodians: Fidelity, Charles Schwab, Pershing
Headquarters: 888 Boylston Street, Suite 1010, Boston, MA 02199
Phone: 617-204-6400

No. 3 · RIA

Rwa Wealth Partners

Rwa Wealth Partners is an investment adviser based in Boston, MA, registered with the SEC since 2012. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $19.8 billion, as filed on 27 May 2026.

Rwa Wealth Partners charges 0.50%–1.25% a year for its Standard fee for investment management.

Regulatory AUM: $19.8B
Clients: 6,027
Advisory staff: 63
Fee schedule: 0.50% to 1.25% a year
Minimum account: $500,000
Custodians: Fidelity, Charles Schwab
Headquarters: Prudential Tower, 800 Boylston Street, Boston, MA 02199
Phone: 857-255-2100
Website: rwawealth.com

No. 4 · RIA

Ballentine Partners

Ballentine Partners is an investment adviser based in Waltham, MA, registered with the SEC since 2010. It provides financial planning and investment management. Its clients include high-net-worth individuals, pooled investment vehicles and charitable organizations. Its regulatory assets under management total $15.3 billion, as filed on 23 September 2026.

Ballentine Partners charges 0.25%–0.95% a year for its Standard fees for High Net Worth clients.

Regulatory AUM: $15.3B
Clients: 353
Advisory staff: 87
Fee schedule: 0.25% to 0.95% a year
Minimum account: $4,000,000
Custodians: Fidelity
Headquarters: 230 3rd Avenue, Suite 6, Waltham, MA 02451
Phone: 781-314-1300
Website: ballentinepartners.com

No. 5 · RIA

CW Advisors

CW Advisors is an investment adviser based in Boston, MA, registered with the SEC since 2020. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and other investment advisers. Its regulatory assets under management total $15.2 billion, as filed on 26 August 2026.

CW Advisors charges up to 1.50% a year for its Wealth management services (dual contract).

Regulatory AUM: $15.2B
Clients: 6,542
Advisory staff: 89
Fee schedule: Up to 1.50% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 155 Seaport BLVD, 3rd Floor, Boston, MA 02210
Phone: 617-428-7600
Website: cwadvisorsgroup.com

No. 6 · RIA

Loring, Wolcott & Coolidge Fiduciary Advisors

Loring, Wolcott & Coolidge Fiduciary Advisors is an investment adviser based in Boston, MA, registered with the SEC since 1994. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $12.8 billion, as filed on 23 July 2026.

Loring, Wolcott & Coolidge Fiduciary Advisors charges 0.30%–0.90% for its Principal fee. The brochure does not state whether the rate is annual.

Regulatory AUM: $12.8B
Clients: 3,290
Advisory staff: 13
Fee schedule: 0.30% to 0.90%
Minimum account: $2,000,000
Custodians: Loring, Wolcott & Coolidge Trust, Fidelity
Headquarters: 230 Congress Street, Boston, MA 02110-2437
Phone: 617-523-6531
Website: lwcotrust.com

No. 7 · RIA

Choate Investment Advisors

Choate Investment Advisors is an investment adviser based in Boston, MA, registered with the SEC since 1996. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and pooled investment vehicles. Its regulatory assets under management total $10 billion, as filed on 30 March 2026.

Choate Investment Advisors charges up to 1.25% a year for its Discretionary and non-discretionary asset management.

Regulatory AUM: $10B
Clients: 653
Advisory staff: 20
Fee schedule: Up to 1.25% a year
Custodians: SEI Private Trust
Headquarters: Two International Place, Suite 3000, Boston, MA 02110
Phone: 617-973-4900
Website: choatewealth.com

No. 8 · RIA

Welch & Forbes

Welch & Forbes is an investment adviser based in Boston, MA, registered with the SEC since 2001. It provides financial planning and investment management. Its clients include high-net-worth individuals, other investment advisers and individual clients. Its regulatory assets under management total $9.9 billion, as filed on 19 May 2026.

Welch & Forbes charges 0.50%–1.25% a year for its Standard Fee Schedule.

Regulatory AUM: $9.9B
Clients: 699
Advisory staff: 12
Fee schedule: 0.50% to 1.25% a year
Custodians: Reliance Trust
Headquarters: 45 School Street, Boston, MA 02108
Phone: 617-523-1635
Website: welchforbes.com

No. 9 · RIA

F L Putnam Investment Management

F L Putnam Investment Management is an investment adviser based in Lynnfield, MA, registered with the SEC since 1984. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $9.72 billion, as filed on 19 August 2026.

F L Putnam Investment Management charges 0.60%–1.10% a year for its Investment Management and Advisory.

Regulatory AUM: $9.72B
Clients: 3,054
Advisory staff: 90
Fee schedule: 0.60% to 1.10% a year
Custodians: Charles Schwab, Fidelity, Northern Trust
Headquarters: 6 Kimball Lane, Lynnfield, MA 01940
Phone: 800-344-3435
Website: flputnam.com

No. 10 · RIA

Battery Global Advisors

Battery Global Advisors is an investment adviser based in Boston, MA, registered with the SEC since 2012. It provides financial planning and investment management. Its clients include high-net-worth individuals and pooled investment vehicles. Its regulatory assets under management total $8.37 billion, as filed on 30 June 2026.

Battery Global Advisors charges 0.25%–1.00% a year for its Family Office Clients.

Regulatory AUM: $8.37B
Clients: 142
Advisory staff: 12
Fee schedule: 0.25% to 1.00% a year
Custodians: Fidelity
Headquarters: 260 Franklin Street, Suite 1510, Boston, MA 02110
Phone: 617-948-3800
Website: bga.com

Questions about financial advisors in Massachusetts

How many financial advisor firms are headquartered in Massachusetts?

266 SEC-registered financial advisor firms report their principal office in Massachusetts, managing $439B in regulatory assets between them. The other 324 advisers headquartered in the state are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Massachusetts?

Breckinridge Capital Advisors, with $54.3B in regulatory assets under management on its latest Form ADV. The next largest are SCS Capital Management ($48.7B) and Rwa Wealth Partners ($19.8B).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Massachusetts?

The median firm manages $400M in regulatory assets. That is the midpoint of the 266 firms headquartered in Massachusetts.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Massachusetts charge?

Of the 10 largest firms, 9 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.75% to 1.50% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Massachusetts?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the state and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters state.

Source: Niva directory methodology

Massachusetts has 266 financial advisor firms; see every adviser in the state →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Massachusetts

Top financial advisor firms by city in Massachusetts