Cambridge Trust Company

Name

Cambridge Trust Company

Legal name

Cambridge Trust Company

Website

https://cambridgetrust.com

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cambridge Trust Company operates as Cambridge Trust Wealth Management, a division of Eastern Bank, providing investment management, financial planning, trust and estate services, and private banking to high-net-worth individuals, families, and institutions across New England.

Ownership category

akta.pro rank

Product category

Wealth Management and Private Banking

NAICS

Portfolio Management and Investment Advice (52394), Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (525920)

SIC

Investment Advice (6282)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Personal & Family Trust Services (FSAAANAA), Trust & Estate Tax Planning & Compliance (FSAEAKAE), Family Office Trust & Fiduciary Services (FSAEAKAF)

Keywords

• Private banking services
• Wealth management advisory
• Trust and estate planning
• Investment management
• Retirement plan advisory

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Management and Advisory Fees: Revenue generated from managing approximately $8.4-9.6 billion in assets under management for high-net-worth clients, charging advisory fees based on assets under management.
2. Private Banking Services: Revenue from private banking services including deposit products, lending solutions, and relationship banking for wealth management clients.
3. Trust and Estate Services: Fees from trust administration, estate planning, and fiduciary services provided through the Cambridge Trust Wealth Management division.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Cambridge Trust Company, operating as Cambridge Trust Wealth Management (a division of Eastern Bank), delivers comprehensive private banking and wealth management services to high-net-worth individuals, families, and institutional clients. Core offerings include Investment Management, Retirement Plan Advisory, Financial Planning, Trust & Estates, NH Trust Advantage, and Personal and Business Private Banking, delivered through a team-based model with dedicated relationship managers, portfolio managers, and client service associates managing approximately $9.6 billion in assets under management.

Product overview

Cambridge Trust Company offers a comprehensive suite of wealth management and private banking services through its Cambridge Trust Wealth Management division, a part of Eastern Bank. The core offerings include Investment Management, Retirement Plan Advisory, Financial Planning, Trust & Estates, NH Trust Advantage, and Private Banking (both Personal and Business). Services are delivered through a team-based approach with relationship managers, portfolio managers, and client service associates. Cambridge Trust Wealth Management is recognized as the largest bank-owned independent investment adviser in Massachusetts with approximately $9.6 billion in assets under management, serving clients from Massachusetts, New Hampshire, Connecticut, and beyond.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Comprehensive investment management services including portfolio management, asset allocation, and strategic investment advisory for high-net-worth individuals and institutional clients managing approximately $9.6 billion in assets under management.
• Retirement Plan Advisory Employer-sponsored retirement plan advisory services helping businesses design and manage 401(k) and similar plans with employee education programs.
• Financial Planning Holistic financial planning services including cash flow analysis, goal-based planning, Monte Carlo simulations, and comprehensive financial advice for individuals and families.
• Trust & Estates Trust administration, estate planning, and fiduciary services including wills, trusts, powers of attorney, health care directives, and intergenerational wealth transfer planning.
• NH Trust Advantage Specialized trust and wealth management services tailored for New Hampshire residents, including state-specific trust administration and tax planning.
• Private Banking Personal and business private banking services providing undivided attention, deposit services, lending solutions, and customized banking relationships through experienced private bankers, including Personal Private Banking and Business Private Banking offerings.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Eastern BankcoreStrategic or Co-development Partner · 1 January 2024Cambridge Trust merged with Eastern Bank in 2024, creating Greater Boston's leading local bank with more than 110 locations and approximately $25.5 billion in assets. Cambridge Trust operates as Cambridge Trust Wealth Management, a division of Eastern Bank, combining wealth management expertise with full-service banking capabilities.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Boston Private (now part of Silicon Valley Bank / First Citizens): Boston Private was a direct competitor serving HNW individuals and families in New England with private banking, wealth management, and trust services before being acquired by SVB in 2021. Several Cambridge Trust executives joined from Boston Private, underscoring the close functional and geographic overlap between the two firms.
• Fiduciary Trust Company: Fiduciary Trust is a closely comparable Boston-based wealth management and trust services firm serving HNW families, foundations, and endowments. Multiple Cambridge Trust hires (D'Amico, Tyson) came from Fiduciary Trust, and the firms offer overlapping investment management, trust administration, and estate planning capabilities.
• Wilmington Trust (M&T Bank): Wilmington Trust is a wealth management and corporate trust services firm acquired by M&T Bank, serving HNW individuals, families, and institutions with investment management, private banking, and trust services. Direct overlap with Cambridge Trust's core product set, and also a common prior employer for several Cambridge Trust advisors.
• Bessemer Trust: Bessemer Trust is a leading independent private wealth and investment management firm exclusively serving ultra-HNW families and foundations. It competes directly with Cambridge Trust's HNW trust, estate, and investment management services, though at a higher asset tier.
• Glenmede: Glenmede is an independent wealth manager and trust company serving HNW families, endowments, and foundations with investment management, trust administration, and advisory services. It is a direct competitor in the family office and trust services segment that Cambridge Trust serves.
• Brown Brothers Harriman: Brown Brothers Harriman's Wealth Management business serves HNW families, foundations, and endowments with investment management, private banking, and trust services. It is comparable to Cambridge Trust as a privately held, multi-generational wealth and trust franchise with similar service offerings.

Broad incumbents

• Eastern Bank (parent entity): Eastern Bank is the parent of Cambridge Trust Wealth Management and a large New England community bank with $25.5B in combined assets, 110+ locations, and full-service commercial and consumer banking. It provides the distribution platform and balance sheet that anchor Cambridge Trust's wealth advisory capabilities.
• Northern Trust Wealth Management: Northern Trust is a large, established bank-owned wealth manager with HNW and ultra-HNW investment management, trust, and private banking capabilities nationally and globally. While operating at much greater scale, it competes with Cambridge Trust for HNW clients, foundations, and endowments in New England.
• BNY Mellon Wealth Management: BNY Mellon Wealth Management is a major global wealth manager offering investment management, trust and estate services, and private banking to HNW individuals and families. It competes broadly with Cambridge Trust's core offerings, and its BNY Mellon Private Wealth was a prior employer of a Cambridge Trust compliance executive.
• State Street Global Advisors: State Street Global Advisors is the asset management arm of State Street Corporation serving institutional and intermediary clients with investment products and services. While primarily institutional, it competes for endowment, foundation, and retirement plan mandates that overlap with Cambridge Trust's institutional practice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cambridgetrust
• LinkedInlinkedin.com/company/cambridge-trust-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A3 records

Investments3 records

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

Frequently asked questions about Cambridge Trust Company