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Ballentine Partners Review

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Ballentine Partners

Ballentine Partners

Ballentine Partners, LLC is a financial advisory firm that distinguishes itself by specializing in privately-owned wealth and helping high-net-worth families achieve their financial goals. It currently holds more than $7.9 billion in assets under management. 

The firm also ranks on our Waltham and Massachusetts top advisors lists. 

Ballentine Partners Background

Ballentine Partners formed in 1984. In 2016, Drew McMorrow became CEO after having worked for the firm since 2002. The owners of Ballentine Partners are senior employees of the firm and Perspecta Investments LLC.

Ballentine Partners Client Types and Minimum Account Sizes 

According to documents the firm recently filed with the Securities and Exchange Commission (SEC), Ballentine Partners currently advises the following types of clients: 

  • Individuals
  • Trusts and estates
  • Charitable foundations, charitable trusts and other non-profit organizations
  • Pension and profit-sharing plans

The firm notes that it serves mostly individuals, along with their trusts, estates, retirement plans and other related accounts. Ballentine Partners generally serves families with at least $3.5 million in investment assets. The firm states that most of its clients are wealthy families with complex financial situations and needs.

Services Offered by Ballentine Partners

Ballentine Partners focuses on managing privately owned wealth. It aims to provide a holistic suite of financial planning and investment management services. Depending on your needs, your financial plan may cover: 

  • Cash flow analysis
  • Budgeting
  • Retirement savings
  • Trust fund management
  • Estate planning
  • Debt management
  • Income tax planning
  • Insurance coverage

In addition, the firm can manage portfolios with both private and non-private investments. The firm can also manage accounts that are on a discretionary or non-discretionary basis. The latter means that clients must authorize transactions first. 

Ballentine Partners Investment Philosophy

The firm utilizes statistical and mathematical tools along with scenario analysis when devising portfolios. Scenario analysis allows Ballentine Partners to project how the client’s portfolio may perform under different situations. Ballentine Partners wealth managers can draw from this data along with other research to make better investment decisions.

When designing your portfolio, the firm will consider several factors such as your tax situation, current assets and risk tolerance to devise an appropriate asset allocation. The firm does not limit itself to certain security types and may invest in a variety, as it deems appropriate to your situation. 

Your portfolio may invest in some or all of the following securities: 

  • Stocks
  • Bonds
  • Cash 
  • Real estate funds
  • Energy funds
  • Commodity funds 
  • Hedge funds
  • Private equity
  • Venture capital funds
  • Managed futures funds
  • Timber funds

Ballentine Partners Fees

For investment advisory services, Ballentine Partners typically charges a fee as a percentage of your AUM. But for financial planning and consulting services, it usually charges fees on a flat-fee basis. Fees may be negotiable. But they ultimately depend on the scope of the services provided.

That said, you should know that advisory fees don’t apply to other fees such as custodial fees and underlying fund expenses. Ballentine Partners doesn’t charge these fees but they can affect your account. This type of arrangement is universal in the financial services space. You can find additional details in documents like the prospectus sheets of the funds you’re invested in as well as your investment advisory agreement with Ballentine Partners. 

What to Watch Out For

Ballentine Partners has no legal or disciplinary matters in the past 10 years to disclose at the time of this writing. For the most current details, you can access its disclosure documents via the official website of the SEC.

Though the practice does not specify high-net-worth individuals as clients, its $3.5 million minimum account requirement effectively means that it works primarily with the very wealthy. 

Opening an Account With Ballentine Partners

To contact Ballentine Partners, call (781) 314-1300 or send an email to info@ballentinepartners.com.

All information was accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research