Choate Wealth
Choate Wealth is the integrated wealth management arm of Boston-based Choate Hall & Stewart LLP, delivering estate planning, investment management, tax planning, philanthropic planning, and trustee services to ultra-high net worth individuals, families, entrepreneurs, and charitable entities with a $10 million minimum account size.
- Company typePrivate
- Founded1920
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Choate Wealth does
Choate Wealth is the integrated wealth management brand of Choate Hall & Stewart LLP, a Boston-based law firm founded in 1920, operating through its SEC-registered investment adviser subsidiary Choate Investment Advisors, LLC (ChoateIA). The firm serves ultra-high net worth individuals and families, entrepreneurs, charitable entities, and international families with a $10 million target minimum account size. Its core service lines are Estate Planning, Investment Management, Philanthropic Planning, Professional Trustee and Administration Services, and Tax Planning, delivered by an integrated team of attorneys, investment professionals, tax specialists, and trust advisors under one roof. The investment management business is discretionary and non-discretionary across public and private market strategies, with stated fee-only economics and no proprietary products.
The underlying technology stack is built around third-party platforms rather than proprietary infrastructure. ChoateIA uses Addepar for consolidated investment reporting, net worth statements, and real-time visibility across private equity, hedge funds, real estate, and publicly traded assets. Custodian relationships are maintained with Fidelity, Schwab, and SEI/ChoateWeb for direct client account access. Client interaction is supported by a proprietary Choate Wealth Portal enabled with multi-factor authentication and SSL encryption for web traffic. The firm employs WordPress for its public website and Cloudflare for bot management. No public APIs, SDKs, or AI/ML capabilities are offered.
The business model combines recurring asset-based advisory fees (percentage of AUM, typically billed quarterly or monthly), flat fees under negotiated agreements, a $1,000 per-account annual management fee, and hourly fees for financial consulting on externally managed accounts. The go-to-market is exclusively direct and referral-driven, with no third-party distribution, marketplaces, or intermediaries. The firm is privately held under a partnership structure with no external PE or VC ownership, and the firm has explicitly stated it is not built with the intent of eventual sale. In April 2025 the private wealth practice was rebranded from Choate Private Wealth to Choate Wealth.
Choate Wealth firmographics
Firmographics- Name
- Choate Wealth
- Legal name
- Choate Hall & Stewart LLP
- Website
- https://choatewealth.com
- Company type
- Private
- Founded year
- 1920
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Choate Wealth is the integrated wealth management arm of Boston-based Choate Hall & Stewart LLP, delivering estate planning, investment management, tax planning, philanthropic planning, and trustee services to ultra-high net worth individuals, families, entrepreneurs, and charitable entities with a $10 million minimum account size.
- Ownership category
- akta.pro rank
Choate Wealth industry classification
Industry- Product category
- Wealth Management
- NAICS
- Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
- akta.pro secondary industries
- Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH), Private Wealth Planning (Tax, Estate & Succession) (FSAAABAE), Tax-Focused Wealth Management RIAs (FSAAACAD)
Keywords
Where Choate Wealth is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Choate Wealth business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Investment Advisory Fees: Choate Investment Advisors charges advisory fees based on a percentage of the market value of assets under management or a flat fee. Annual management fee of $1,000 per account. ChoateIA bills management fees either in advance or arrears depending on client agreement, typically deducted quarterly or monthly.
- Financial Consulting Services: Hourly fee for financial consulting services including advice on accounts managed outside of ChoateIA, tax advisory services, financial planning, and portfolio construction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Assets Under Management Fee |
| Hybrid | Monthly | Flat Fee Arrangement |
| Subscription | Annual | Annual Account Management Fee |
| Other | Pay-as-you-go | Financial Consulting Services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Choate Wealth product offering
Product offeringCore offering
Choate Wealth provides integrated wealth management services that combine estate planning, investment management through its SEC-registered subsidiary Choate Investment Advisors (ChoateIA), philanthropic planning, professional trustee and administration services, and tax planning. The firm serves ultra-high-net-worth individuals, multigenerational families, entrepreneurs, and charitable entities with a $10 million target minimum account size, delivering coordinated legal, investment, tax, and trust advisory through a single multidisciplinary team.
Product overview
Choate Wealth is a unified wealth management platform offering integrated legal, investment, and trust services through a single organization. The core offering combines Estate Planning, Investment Management, Philanthropic Planning, Professional Trustee and Administration Services, and Tax Planning as interconnected service lines. Investment management is delivered through the SEC-registered subsidiary Choate Investment Advisors (ChoateIA). Additional services include outsourced Choate Family Office Services leveraging a 60+ member staff, and secure Client Portals via Addepar for consolidated investment reporting and account access.
Differentiator
Problem solved
Functional benefit
Products and services
- Estate Planning Comprehensive estate planning services for ultra-high-net-worth individuals and families, including wills, revocable trusts, irrevocable trusts, GRATs, family LLCs, and advanced lifetime strategies for multigenerational wealth transfer.
- Investment Management Discretionary and non-discretionary investment management across stocks, bonds, mutual funds, and ETFs in both public and private markets, with a target minimum account size of $10 million and no proprietary products to sell.
- Philanthropic Planning Coordinated suite of legal, investment, strategic, and administrative services for individuals, families, private foundations, and charitable entities covering philanthropic planning, private foundation formation, planned giving arrangements, and donor advised funds.
- Professional Trustee and Administration Services Creation and administration of trusts with continuity across generations, including serving as trustees and personal representatives, trust advisors, and estate administration services for clients with multigenerational wealth structures.
- Tax Planning Tax planning services minimizing gift and estate tax exposure while addressing income and capital gains taxes, with particular expertise in tax issues affecting trusts and estates.
- Client Portals Secure client portal access through Addepar and custodian platforms (SEI/ChoateWeb, Fidelity, Schwab) for consolidated investment reports, net worth statements, and visibility into commitments, distributions, contributions, and asset values across public and private holdings.
- Choate Family Office Services Outsourced family office services leveraging a 60+ member staff with legal, tax, and investment expertise, including investment tracking and reporting systems, management of public and private investments, and tax optimization for ultra-high-net-worth families.
Quantifiable outcome
- Proactive gift planning has moved significant wealth to trusts for next generation, tax free
- +3 more outcomes
Companies that use Choate Wealth
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Choate Wealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature1 record
Choate Wealth partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- SEI/ChoateWebcoreCustodian relationship portal providing direct access to client account information through SEI's institutional wealth platform. Clients can access their managed accounts via ChoateWeb.
- FidelitycoreCustodian relationship providing direct access to client portfolios through Fidelity's digital platform. ChoateIA utilizes Fidelity as a custodian for client investment accounts.
- SchwabcoreCustodian relationship providing direct access to client portfolios through Schwab's client portal. ChoateIA utilizes Schwab as a custodian for client investment accounts.
- AddeparcoreInvestment reporting and portfolio management platform used by Choate Wealth to provide consolidated investment reports, net worth statements, and real-time visibility into client portfolios including private equity, hedge funds, real estate, and publicly traded assets.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Choate Wealth competitors and assessment
Company assessmentDirect peers
- Bessemer Trust: Bessemer Trust is one of the largest U.S. multi-family offices serving UHNW families, offering integrated investment management, trust, estate, and family office services — directly comparable to Choate Wealth's integrated multidisciplinary model.
- Rockefeller Capital Management: Rockefeller Capital Management is a UHNW-focused wealth manager offering investment advisory, family office, and estate services — comparable in client segment and integrated offering mix to Choate Wealth.
- Brown Brothers Harriman Wealth Management: BBH's private wealth business combines private banking, investment management, and trust services for UHNW families across generations, mirroring Choate Wealth's combination of legal, investment, and fiduciary capabilities.
- Glenmede: Glenmede is a Philadelphia-based, employee-owned wealth manager serving UHNW families and endowments with integrated investment advisory, trust, and estate services — a closely analogous fee-only, integrated RIA structure to Choate Wealth.
Emerging players
- GenTrust Family Office: GenTrust is a smaller, independent UHNW family office offering integrated wealth management and concierge financial services — similar in client segment and integrated model to Choate Wealth, though smaller in scale.
- Cohere Capital (formerly Pitcairn): Cohere Capital is a multi-family office providing integrated investment, trust, and family-office services to UHNW families; comparable client segment and integrated offering, though more recently reorganized than Choate Wealth.
Broad incumbents
- Wilmington Trust (M&T Bank): Wilmington Trust provides wealth advisory, investment management, and trust services to UHNW clients, with strong overlap on estate, trust, and family-office capabilities central to Choate Wealth's offering.
- BNY Mellon Wealth Management: BNY Mellon Wealth Management serves UHNW households with investment management, trust, and estate services; a broad incumbent comparable to Choate Wealth's integrated offering but operating at far greater scale.
- Northern Trust Wealth Management: Northern Trust is a much larger incumbent wealth manager with deep UHNW, trust, and family office capabilities; broader in scale and product breadth but directly comparable on the integrated advisory-and-trust value proposition.
- Goldman Sachs Private Wealth Management: Goldman Sachs PWM serves ultra-high-net-worth clients with investment advisory, estate, and family-office services; broader and larger than Choate Wealth but directly comparable on integrated UHNW solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Choate Wealth social profiles
Digital presenceChoate Wealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Choate Wealth leadership team
Management profileNumber of profiles
Profiles6 records
Choate Wealth subsidiaries and ownership
Company hierarchySubsidiaries1 record
Choate Wealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Choate Wealth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Choate Wealth
What does Choate Wealth do?
Choate Wealth provides integrated wealth management services that combine estate planning, investment management through its SEC-registered subsidiary Choate Investment Advisors (ChoateIA), philanthropic planning, professional trustee and administration services, and tax planning. The firm serves ultra-high-net-worth individuals, multigenerational families, entrepreneurs, and charitable entities with a $10 million target minimum account size, delivering coordinated legal, investment, tax, and trust advisory through a single multidisciplinary team.
Is Choate Wealth a public or private company?
Choate Wealth is a private company. It is classified as management employee owned and is currently operating.
When was Choate Wealth founded?
Choate Wealth was founded in 1920. It employs 11 to 50 people.
Where is Choate Wealth based?
Choate Wealth is headquartered in Boston, United States, in the North America region.
How does Choate Wealth make money?
Two revenue lines are on record. Investment Advisory Fees are the primary driver. The others are financial Consulting Services.
Who are Choate Wealth's main competitors?
Direct peers on record are Bessemer Trust, Rockefeller Capital Management, Brown Brothers Harriman Wealth Management and Glenmede. Emerging players are GenTrust Family Office and Cohere Capital (formerly Pitcairn). Broad incumbents are Wilmington Trust (M&T Bank), BNY Mellon Wealth Management, Northern Trust Wealth Management and Goldman Sachs Private Wealth Management.
Does Choate Wealth have an API?
No public API is recorded for Choate Wealth.
What industry is Choate Wealth in?
Choate Wealth's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAA, Registered Investment Advisor (RIA) Wealth Management, with a secondary code of FSAAACAH, Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite). Its NAICS code is 523991 and its SIC code is 6282.