WELCH & FORBES LLC

Overview

Year Founded: 1838
Ownership: A Delaware limited liability company. Affiliated Managers Group, Inc. ("AMG") holds a majority ownership interest, with certain Welch & Forbes employees owning the remaining equity interest.
Services Offered: Investment management and supervisory services; Portfolio management for individuals and small businesses; Personal trust and fiduciary services; Estate planning and administration; Tax and custodial services; Bill paying services; Cash flow and wealth simulation analysis

Offices

Number of Offices: 1

Clients

Minimum Client Portfolio Size: $3,000,000 (negotiable)

Stated Fees

Min	Max	Marginal Fee Rate
$0	$3,000,000	1.00%
$3,000,000	$5,000,000	0.75%
$5,000,000	and above	0.50%

Minimum Annual Fee: Missing
Charges Fees on Cash: Yes
Charges Fees on Margin: Missing
Assets Excluded from Fees: Missing
Fixed Fee Option: Yes
Fixed Fee Range: Missing
Receive Commissions: No
Charge Performance Fees: No
Third Party Management Fees: Yes - for mutual funds, private funds and other pooled vehicles
Additional Fees for Bill Pay Services: Yes - amount not specified

Client Portfolios

Model Portfolios: Missing
Investments in Third Party Managers: Yes

Investment Type	Average Allocation
Stocks & ETFs	80%
Government & Corporate Bonds	7%
Mutual Funds	6%
Private Funds	0%
Cash	7%
Other	0%

Non-Investment Services

Number of Clients Receiving Financial Planning Services: Missing
Sells Products or Provides Services Other Than Investment Advice: Yes - personal trust and fiduciary services, philanthropic services, estate administration, tax and custodial services, bill paying, and cash flow and wealth simulation analysis
Additional Fees for Bill Pay Services: Yes - amount not specified

Employee Statistics

Number of Employees: 55
Number of Employees Performing Investment Advisory Functions: 12
Number of Employees Registered Representatives of a Broker-Dealer: 0
Number of Employees Registered as Investment Adviser Representatives: 0

Websites

LinkedIn
Firm Website