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Ballentine Partners, LLC
Multifamily office listing in Waltham, Massachusetts, United States.
- SEC-registered
- Founded 1984
- Regulatory AUM
- $15.3 billion
- Employees
- 125
- Clients
- 251-500
- Founded
- 1984
Independent multi-family office providing holistic wealth management and objective advice to families at major wealth inflection points.1
Overview
Ballentine Partners is an independent, employee-owned and controlled multi-family office that serves as a fiduciary. The firm integrates investment strategy, wealth planning, and family support while emphasizing objective advice, independence, and minimizing conflicts of interest.15
History
Roy Ballentine founded Ballentine & Company in 1984. The firm became Ballentine, Finn & Company in 1997 and Ballentine Partners, LLC in 2010.2
Timeline
- 1984Roy Ballentine founded Ballentine & Company in 1984.
- 1997The firm became Ballentine, Finn & Company in 1997 and Ballentine Partners, LLC in 2010.
Leadership
Drew McMorrow is President & CEO, overseeing day-to-day management and advising families on investment, estate, insurance, tax, philanthropic, direct venture, and real estate matters. Christopher C. Chandler and Peter Chiappinelli serve as Co-Chief Investment Officers, and Jennifer Christian Murtie is Chief Wealth Advisory Officer.34
Services
Ballentine Partners provides investing, wealth advisory, and family well-being services. Its advisory work includes investment management, financial planning, estate and income-tax planning, insurance analysis, cash-flow and balance-sheet management, charitable giving, trust administration, family-office administration, and lifestyle management.56
The firm advises on traditional and alternative investments, including real estate, private equity, venture capital, hedge funds, commodity trading advisors, and natural-resource funds.7
What the firm offers
- Investment management
- Financial planning
- Tax planning
- Trust and fiduciary
- Philanthropy
- Administration and bill pay
- Risk and insurance
- Private and alternative investments
Client Focus
Ballentine Partners generally serves families with at least $4 million in investment assets. Its wealth-management clients generally have $30 million or more, while its largest clients have family net worth above $1 billion.8
The firm reports 142 total employees as of June 30, 2026, with offices in Massachusetts, New Hampshire, and Florida and an operations center in the Philippines.10
Approach
Ballentine Partners describes its work as holistic wealth management that connects investment strategy with planning and family support. The firm says its employee ownership, fiduciary role, independence, and objective advice guide its effort to minimize conflicts of interest.1511
Assets and Minimums
Ballentine Partners reports $16.5 billion in assets under management and $33.5 billion in assets under advisement as of June 30, 2026. The firm generally serves families with at least $4 million in investment assets.89
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2016 | $6.0 billion | $3.1 billion | $2.9 billion |
| 2017 | $6.4 billion | $3.2 billion | $3.2 billion |
| 2018 | $6.7 billion | $4.1 billion | $2.6 billion |
| 2019 | $6.4 billion | $4.2 billion | $2.2 billion |
| 2020 | $7.9 billion | $5.6 billion | $2.4 billion |
| 2021 | $8.7 billion | $6.4 billion | $2.3 billion |
| 2022 | $10.5 billion | $7.7 billion | $2.9 billion |
| 2023 | $9.3 billion | $7.0 billion | $2.2 billion |
| 2025 | $12.0 billion | $9.8 billion | $2.2 billion |
| 2026 | $15.3 billion | $11.2 billion | $4.1 billion |
| Year | Average AUM per client |
|---|---|
| 2018 | $12 million |
| 2019 | $30 million |
| 2020 | $34 million |
| 2021 | $36 million |
| 2022 | $38 million |
| 2023 | $32 million |
| 2025 | $36 million |
| 2026 | $43 million |
| Client type | Clients (2026) |
|---|---|
| High net worth individuals | 342 |
| Pooled investment vehicles | 8 |
| Charities | 3 |
| Year | Employees |
|---|---|
| 2016 | 55 |
| 2017 | 68 |
| 2018 | 72 |
| 2019 | 73 |
| 2020 | 79 |
| 2021 | 85 |
| 2022 | 79 |
| 2023 | 89 |
| 2025 | 88 |
| 2026 | 125 |
Ranks #1 of 10 SEC-registered firms in MA on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 152802. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
FAQs
What type of firm is Ballentine Partners?
Ballentine Partners is an independent multi-family office and SEC-registered investment adviser.112
What services does Ballentine Partners provide?
Its services include investment management, financial planning, estate and tax planning, insurance analysis, charitable giving, trust administration, family-office administration, lifestyle management, and family well-being support.56
Who does Ballentine Partners serve?
The firm generally serves families with at least $4 million in investment assets, including wealth-management clients with $30 million or more and families whose net worth exceeds $1 billion.8
Related resources
- LocationMultifamily offices in Massachusetts
The Massachusetts-focused directory helps a family or business owner identify multi-family offices serving the region. Reviewing nearby firms can clarify which providers address investment management, planning, tax, fiduciary, philanthropy, administration, insurance, and private investment needs during major wealth changes.
- Network siteEstatePlanner.com
EstatePlanner.com offers practical guides on wills, trusts, and estate planning decisions. A reader considering Ballentine Partners can use these materials to prepare questions about family governance, fiduciary arrangements, tax planning, and how estate documents connect with broader wealth management.
- Network siteFamilyOffices.com
FamilyOffices.com provides resources and a community for single-family offices and wealthy families. Its discussions can help an owner compare operating choices, investment oversight, administration, and family priorities when assessing whether a multi-family office structure fits their circumstances.
- GuideMFO fee models compared
The fee-model comparison explains common ways multi-family offices charge for investment management, planning, administration, and related services. A prospective client can use it to organize cost questions and compare how pricing may relate to a family's assets, service needs, and use of private or alternative investments.
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Proficio Capital PartnersProfiles of Diversified Financial Management, Daintree Advisors LLC, and Proficio Capital Partners offer additional points of comparison on this site. Reviewing their stated services and client focus can help a family or business owner frame questions about planning, investments, fiduciary work, and ongoing administration.
Sources
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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