Cambridge Trust Company
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.
- Company typePrivate
- Founded1890
- HeadquartersCambridge, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
Cambridge Trust Company firmographics
Firmographics- 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
Cambridge Trust Company industry classification
Industry- 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
Where Cambridge Trust Company is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Cambridge Trust Company business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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.
- Private Banking Services: Revenue from private banking services including deposit products, lending solutions, and relationship banking for wealth management clients.
- 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
Cambridge Trust Company product offering
Product offeringCore 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.
Companies that use Cambridge Trust Company
Customer profileSegments4 records
Ideal customer profiles3 records
Cambridge Trust Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cambridge Trust Company partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Eastern BankcoreCambridge 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
Cambridge Trust Company competitors and assessment
Company assessmentDirect 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
Cambridge Trust Company social profiles
Digital presenceCambridge Trust Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cambridge Trust Company leadership team
Management profileNumber of profiles
Profiles15 records
Cambridge Trust Company subsidiaries and ownership
Company hierarchySubsidiaries1 record
Cambridge Trust Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cambridge Trust Company M&A and investment
M&A and investmentM&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
What does Cambridge Trust Company do?
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.
Is Cambridge Trust Company a public or private company?
Cambridge Trust Company is a private company. It is classified as corporate owned and is currently operating.
When was Cambridge Trust Company founded?
Cambridge Trust Company was founded in 1890. It employs 1,001 to 5,000 people.
Where is Cambridge Trust Company based?
Cambridge Trust Company is headquartered in Cambridge, United States, in the North America region.
How does Cambridge Trust Company make money?
Three revenue lines are on record. Investment Management and Advisory Fees are the primary driver. The others are private Banking Services and trust and Estate Services.
Who are Cambridge Trust Company's main competitors?
Direct peers on record are Boston Private (now part of Silicon Valley Bank / First Citizens), Fiduciary Trust Company, Wilmington Trust (M&T Bank), Bessemer Trust, Glenmede and Brown Brothers Harriman. Broad incumbents are Eastern Bank (parent entity), Northern Trust Wealth Management, BNY Mellon Wealth Management and State Street Global Advisors.
Does Cambridge Trust Company have an API?
No public API is recorded for Cambridge Trust Company.
What industry is Cambridge Trust Company in?
Cambridge Trust Company's product category is Wealth Management and Private Banking. Its primary akta.pro industry code is FSAAANAF, Trust Administration & Fiduciary Accounting Services, with a secondary code of FSAAANAA, Personal & Family Trust Services. Its NAICS code is 52394 and its SIC code is 6282.