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.
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:
- 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
- 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:
- 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 email@example.com.
All information was accurate as of the writing of this article.
Tips for Finding the Right Financial Advisor
- If you can’t meet the account minimum requirements with Ballentine, use SmartAsset's financial advisor matching tool to get in touch with up to three advisors in your area.
- Before you agree to work with an advisor, make sure you know the five questions to ask when choosing a financial advisor.