Welch & Forbes LLC

RIASEC Registered

Total AUM

$9.9B

Discretionary

$9.7B

98% of AUM

Avg account

$2.7M

Accounts

3,734

Employees

Advisory reps

Firm details

Headquarters: Boston, Massachusetts
CRD number: 115119
Registered since: August 31, 2001
Website: www.welchforbes.com
Custodians: RELIANCE TRUST COMPANY
Fee structure: Percentage of AUM, Fixed Fees
Client types: HNWI80.91%
Other Investment Advisers15.3%
Individuals1.66%
Charitable Organizations1.59%
Corporations / Businesses0.45%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Welch & Forbes LLC is an independent registered investment adviser that has been SEC-registered since 2001. The firm advises both individual/family and institutional clients across financial planning and multiple portfolio-management mandates, including separate accounts and pooled investment vehicles. Its fee mix includes percentage-of-AUM pricing and fixed fees. Welch & Forbes reports being an active ESG investor and maintains a capital-allocation role, both allocating to third‑party managers and sponsoring pooled vehicles in which it can act as sponsor, general partner, or managing member. The firm has been recognized in industry rankings, appearing in FA Magazine’s Top RIA Firms (2020) and on Barron’s Top 100 RIA Firms list each year from 2021 through 2025.