Welch & Forbes LLC

RIASEC RegisteredEst. 2001

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 SEC-registered registered investment adviser formed in 2001 that serves both individual/family and institutional clients. The firm operates as a capital allocator and provides financial planning plus portfolio management across individual, pooled vehicle, business and institutional mandates. Compensation is a mix of percentage-of-AUM and fixed fees. Welch & Forbes reports being an active ESG investor and maintains additional industry roles beyond investment advice, including broker-dealer activity and acting as sponsor/GP or managing member of pooled investment vehicles. The firm’s ownership is recorded as a combination of a domestic entity and individuals. Its business model includes advising and allocating to external managers as well as running in-house pooled funds, positioning it to blend model-driven equity exposure with third-party alternative allocations. Welch & Forbes has been recognized in industry rankings: it appeared in FA Magazine’s Top RIA Firms list in 2020 and was named among Barron’s Top 100 RIA Firms consecutively from 2021 through 2025.