We strive to help individuals and families manage wealth, retire successfully, and establish a lasting legacy. Our goal is to simplify and strengthen your financial life so that you can enjoy living.
Retiring Successfully
People are living longer, and gauging whether you’ll have enough in retirement savings to live comfortably for the rest of your life can be challenging, even for those with substantial savings. Working with a wealth planning professional can help you determine if you are on track to meet your goals and, if necessary, identify steps to take to help you get back on track.
Protecting Your Estate
If you want to protect your loved ones – your spouse, children, grandchildren, even your pets – and the assets to set aside for their well-being, you may want to consider setting up a trust.
Experience Elevated Banking
If you have been looking for a meaningful bank relationship that includes a dedicated private banker and the ability to manage all of your personal finances on one easy-to-use platform, then Boston Private is right for you.
Raising Financially Responsible Children
Educating children about money, wealth and financial planning is a critical step in helping them to build their futures. As a wealth creator and thoughtful investor, you want to be sure your children understand how to manage their finances and make good, informed decisions when it comes to spending, saving and investing.
Engaging Aging Parents
It can be challenging for families to talk openly about future plans, needs and desires for aging parents. Yet, you should consider adopting a proactive approach when working with family members to develop a plan that will adequately support mom or dad’s needs and wishes regarding healthcare, living arrangements or long-term financial wishes.
Case Study | Multi-Generational Family
A trust had to be distributed to more than 12 beneficiaries, ranging in age from 18 to 70, and the family needed help with:
- Re-aligning investments with a focus on tax efficiency. The trust was heavily concentrated in stock positions with substantial gains, necessitating professional tax management and rebalancing the portfolio for subsequent distributions.
- Transparent communication. Some of the beneficiaries had concerns about the process and involvement of other family members.
- Family education. Many of the beneficiaries had never managed wealth and needed guidance for proper long-term planning.
Our Solution
We began active management of the trust assets in order to transition the assets in the most tax-efficient manner possible. After consulting with family members regarding their short and long-term priorities, we began rebalancing the trust portfolio to align with the goals of the beneficiaries and eliminated over-concentrated stock positions in the process.
Case Study | Family Office
An established family office, which served a multi-generational family with assets of $100 million, had the majority of assets in trusts. The family office was thinly staffed and in need of a partner with a flexible range of services.
Our Solution
After a full assessment of the client’s needs, Boston Private Family Office Services worked closely with the family office to develop some innovative solutions to its various challenges.
Related Services
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Private Banking |
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Wealth Planning |
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Family Office Services |
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Trust & Estate Planning |
Community Homeowner Programs
Our lending experts have developed products to help low- and moderate-income families to attain their dream of homeownership. We have special expertise in financing community development projects that use Low Income Housing Tax Credits, New Markets Tax Credits, rental subsidies, and other governmental programs.
Our Thinking
As talk of inflation becomes more prevalent throughout the investment community and news media, many are concerned for the health of their portfolios. To help investors understand the potential impact of inflation on a diversified portfolio, Boston Private’s Emmett Maguire and Garrett Mancini demystify the characteristics of inflation and offer strategies for hedging your portfolio during the current investment climate.
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The first five months of the year have produced strong equity returns and muted bond returns against the backdrop of strong economic data and COVID-19 containment. Going into the summer, a pause may be in the works.
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Discover the evolving priorities, perceptions and beliefs that define our relationship with wealth. The latest WHY of Wealth® survey findings reveals the influence one’s age and profession have on feelings regarding wealth as well as the significant changes in attitudes brought about by the COVID-19 pandemic.
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There are many considerations to take into account when planning your retirement. Hear our Director of Financial Planning discuss the items that make for a successful retirement.
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