Boston Private

What Boston Private does

Boston Private is a wealth management, trust, and private banking firm headquartered in Boston, Massachusetts, founded in 1987 and operating with 501-1,000 employees. Its operating profile aligns with that of an integrated wealth platform: trust and fiduciary services (including Delaware Trust Services), investment advisory, private banking, institutional asset management, and consolidated planning disciplines spanning estate, retirement, charitable, tax, protection, and business planning.

The firm operates a digital banking and self-directed investing platform that enables clients to transact and rebalance portfolios in real time, augmented by wealth-planning tooling such as Money Guide Pro. Service delivery is relationship-driven: certified financial planners, wealth strategists, and business planning strategists work directly with clients on integrated business and personal planning, complemented by self-serve digital channels for routine banking and brokerage activity. Distribution spans dedicated wealth professionals, business planning strategists, and a digital banking platform with portfolio management and online brokerage capabilities.

Revenue is generated through four primary streams: recurring advisory fees from SEC-registered investment advisors (FCIS, FCAM, SVB Wealth), transactional brokerage commissions through a FINRA-member broker-dealer (FCIS), insurance commissions, and net interest income from lending and deposit products at First-Citizens Bank & Trust Company. Pricing is quote-based and not publicly disclosed, and the customer base spans high-net-worth individuals and families as the primary segment, alongside business owners and entrepreneurs, corporations, and nonprofit institutions.

Name

Boston Private

Website

https://bostonprivatebank.com

Company type

Private

Founded year

1987

Headcount range

501–1,000 employees

Short description

Boston Private is a Boston-headquartered wealth management, trust, and private banking firm founded in 1987, serving high-net-worth individuals, families, entrepreneurs, business owners, and nonprofit institutions with integrated advisory, private banking, and digital investing services.

Ownership category

akta.pro rank

Product category

Private Banking & Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industries

Affluent / Mass-Affluent Private Banking (FSABADAC), Corporate & Institutional Trust Services (FSAAANAB), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)

Keywords

• Private banking services
• Wealth management advisory
• Trust fiduciary services
• Estate planning services
• Investment advisory

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Wealth Management Advisory Fees: Advisory services offered through First Citizens Investor Services, Inc., First Citizens Asset Management, Inc., and SVB Wealth LLC, all SEC-registered investment advisors. Revenue generated from advisory fees for investment management and planning services.
2. Brokerage Products and Services: Brokerage products and services offered through First Citizens Investor Services, Inc., a registered broker-dealer, Member FINRA and SIPC. Revenue from transaction-based brokerage commissions.
3. Insurance Products: Insurance products and services offered through First Citizens Investor Services, Inc., a licensed insurance agency. Revenue from insurance product sales and commissions.
4. Banking and Lending Services: Banking, lending, and trust products and services offered by First-Citizens Bank & Trust Company including private banking, deposit solutions, and customized lending.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Boston Private is a wealth management, trust, and private banking company providing integrated financial services to high-net-worth individuals, families, entrepreneurs, business owners, and institutions. Its offerings span trust and fiduciary administration, investment advisory through SEC-registered advisors, private banking with customized lending and deposit solutions, institutional asset management, and wealth and business planning services. Distribution combines dedicated wealth professionals with digital banking channels for portfolio management and self-directed investing.

Product overview

First Citizens Wealth operates as an integrated wealth management platform offering a comprehensive suite of services across trust and fiduciary, investment management, private banking, institutional asset management, and financial planning. The platform is structured as a unified offering with multiple integrated service lines including Wealth & Business Planning (estate, retirement, charitable, tax, and business planning), Market Outlook research, and digital banking access. Services are provided through affiliated entities including First Citizens Investor Services (broker-dealer), First Citizens Asset Management (SEC-registered investment advisor), and SVB Wealth LLC.

Differentiator

Problem solved

Functional benefit

Products and services

• Trust & Fiduciary Services Comprehensive trust and fiduciary services including Delaware Trust Services for managing assets and administering estates, offered to individuals and institutions with complex fiduciary needs.
• Investment Solutions Professional investment advisory services and donor-advised fund management for individuals and institutions, delivered through SEC-registered investment advisors.
• Private Banking Banking services for high-net-worth clients including deposit solutions, private mortgage lending, securities-backed lines of credit, and customized lending.
• Institutional Asset Management Services for institutions including retirement plan services, charitable advising services, and institutional custody services.
• Wealth & Business Planning Planning services covering estate planning, retirement planning, charitable planning, tax planning, protection planning, and business planning, delivered by wealth strategists and planning strategists.
• Wealth Insurance Insurance products and services offered through First Citizens Wealth for protection planning, delivered via an affiliated licensed insurance agency.
• Digital Banking for Wealth Online banking platform for wealth clients including portfolio management, online brokerage, self-directed investing, and retirement plan access.
• Treasury & Cash Management Cash management tools including ChecXchange, Cash Manager, Remote Deposit Capture, and trade finance solutions for business banking customers.

Quantifiable outcome

• 26% of experienced business owners report their business is family-owned compared to 9% of first-time owners
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and regulatory.

• First Citizens Investor Services, Inc. (FCIS)coreImplementation/ SI/ Consulting PartnerSEC-registered investment advisor and FINRA member broker-dealer offering brokerage and advisory products and services. Part of First Citizens BancShares affiliate network.
• First Citizens Asset Management, Inc. (FCAM)coreImplementation/ SI/ Consulting PartnerSEC-registered investment advisor providing advisory services as part of First Citizens Wealth affiliate network.
• SVB Wealth LLC (SVBW)coreImplementation/ SI/ Consulting PartnerSEC-registered investment advisor, formerly SVB Wealth, now part of First Citizens Wealth affiliate network offering advisory services.
• First Citizens Delaware Trust CompanycoreOthersProvides Delaware Trust Services as part of the trust and fiduciary service offerings.
• FINRAregulatoryOthersFinancial Industry Regulatory Authority - FCIS is a registered broker-dealer and FINRA member.
• SIPCregulatoryOthersSecurities Investor Protection Corporation - FCIS is a SIPC member, providing protection for brokerage accounts.
• FDICregulatoryOthersFederal Deposit Insurance Corporation - First-Citizens Bank & Trust Company is FDIC insured.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Boston-Private-1747847978786140

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boston Private