Welch & Forbes Llc (Boston)
Welch & Forbes Llc Is a Large Advisory Firm Based in Boston. It Manages $4.59 Billion of Regulatory Assets for 2,762 Client Accounts. It Has Been Registered...
Welch & Forbes LLC is a large advisory firm based in Boston. It manages $4.59 billion of regulatory assets for 2,762 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.
Welch & Forbes provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
Welch & Forbes: assets under management
The assets under management (AUM) of Welch & Forbes LLC is $4.59 billion. The firm's AUM has grown by 13% since the beginning of its operation, and $110.56 million of the total AUM is attributable to clients outside of the United States.
The firm manages $4.3 billion in discretionary accounts and $284.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.61 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.35 million.
Welch & Forbes has custody of $4.15 billion in cash and securities for 789 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
