BP WEALTH MANAGEMENT, LLC

BP WEALTH MANAGEMENT, LLC

BP WEALTH MANAGEMENT, LLC
Last update 2021-05-11 898 Stocks (127 new)
Value $6.22 Bil Turnover 7 %
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BP WEALTH MANAGEMENT, LLC Profile

BP Wealth Management, LLC, also known as Boston Private Wealth, is an investment management firm based out of Boston. The company was originally established in 2006 and was formerly known as Banyan Partners, LLC. Boston Private Wealth has grown from its inception to now have additional offices in New York City, Madison, Boston, Atlanta, Naples, San Francisco, Plano, and Coral Gables. The company is headed by CEO Corey Griffin and operates as a subsidiary of Boston Private Bank & Trust Co. Boston Private Wealth now operates with 145 employees, managing almost $9 billion in total assets spread across over 8,700 total accounts, all of which are discretionary except for 325 that make up just over $1.1 billion of its managed assets. The company conducts its research internally and invests in the value stocks of companies. Boston Private Wealth utilizes a technical and fundamental investment methodology, benchmarking its performance against various S&P, Barclays, MSCI, and Goldman Sachs indexes. The company invests most heavily in the information technology sector, which alone makes up over a fifth of its total asset allocations, and also invests in the health care, finance, consumer discretionary, consumer staples, industrials, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. Boston Private Wealth’s top 10 holdings make up approximately a fifth of its total asset allocations and the company had a turnover rate of approximately 17.2% in the last quarter. The company mainly caters to individuals, which alone makes up well over a third of its client base, and also provides to high net worth individuals, which make up another quarter of its clientele, charities, pension and profit sharing plans, corporations and other businesses, and banks and thrift institutions, which, despite being the lowest in clientele, makes up the most of Boston Private Wealth’s held assets, in order of decreasing clientele.

BP WEALTH MANAGEMENT, LLC Investing Philosophy

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