Ballentine Partners, LLC

Background

Founded in 1984, Ballentine Partners, LLC is an independent multi-family office dedicated to providing comprehensive wealth management services. The firm's mission is to assist families in making informed decisions about their wealth, enabling them to focus on their desired lifestyles and legacies. With a client-centric approach, Ballentine Partners offers integrated investment solutions and deep planning expertise, serving a diverse clientele ranging from individuals with $4 million in liquid assets to multigenerational families with over $1 billion.

Key Strategic Focus

Ballentine Partners specializes in delivering holistic wealth management services, encompassing investment strategy, financial planning, and family well-being. The firm emphasizes a future-focused approach to help clients preserve and grow their wealth across generations. Key areas of specialization include:

• Investing: Utilizing deep experience across market cycles, asset classes, and geographies to construct portfolios aligned with each client's unique criteria for success, risk appetite, and values.

• Wealth Advisory: Assisting families in defining their goals, developing plans, and turning those plans into effective reality.

• Family Well-being: Helping families reconcile their financial abundance with the values and relationships that matter most in their lives.

The firm serves a broad range of clients, from individual professionals and entrepreneurs with $4 million in liquid assets to multigenerational families with over $1 billion.

Financials and Funding

As of December 31, 2024, Ballentine Partners reported:

• Assets Under Management (AUM): $12 billion

• Assets Under Advisement (AUA): $26.8 billion

• Total Employees: 130

The firm operates as an employee-owned entity, ensuring that its interests are closely aligned with those of its clients. Revenue estimates vary, with figures ranging from $3.3 million to $35 million, reflecting the firm's substantial growth and market presence.

Technological Platform and Innovation

Ballentine Partners leverages a suite of technological tools to enhance its service delivery, including:

• Content Management System: WordPress

• Database Management: MySQL

• JavaScript Frameworks: yepnope.js, jQuery Migrate, Lodash

• Platform as a Service: WP Engine

• Real User Monitoring: New Relic

• Search Engine Optimization: Yoast SEO

These technologies support the firm's commitment to providing efficient and effective wealth management solutions.

Leadership Team

Ballentine Partners is led by a team of experienced professionals:

• Drew McMorrow: President and CEO since 2002, overseeing the firm's strategic direction and operations.

• Roy Ballentine: Founder and Executive Chairman, providing leadership and vision since the firm's inception in 1984.

• Will Braman: Chief Investment Officer since 2012, responsible for guiding the firm's investment strategies.

• Barry Tubman: Partner and Chief Operating Officer, managing the firm's operational functions.

• Jennifer Murtie: Partner and Head of High Net Worth Practice, focusing on serving affluent clients.

• Elisa Lustig: Partner and Director of Private Investing, overseeing private investment initiatives.

• Bruce Simon: Partner and Director of Research, leading the firm's research efforts.

This leadership team brings a wealth of experience and expertise, ensuring the firm's continued success and growth.

Competitor Profile

Market Insights and Dynamics:

The wealth management industry is characterized by significant growth potential, driven by increasing global wealth and the complexity of financial markets. Clients seek comprehensive, personalized services that address their unique financial goals and challenges.

Competitor Analysis:

Ballentine Partners operates in a competitive landscape alongside firms such as:

• Brighton Jones: Revenue between $50M and $100M, offering comprehensive wealth management services.

• Pathstone: Revenue between $50M and $100M, specializing in integrated wealth management solutions.

• Wetherby Asset Management: Revenue between $10M and $50M, providing personalized investment advisory services.

• Silver Oak: Revenue between $10M and $50M, focusing on wealth management and financial planning.

• Convergent Wealth Advisors: Revenue between $10M and $50M, offering tailored investment strategies.

• Mercer Advisors: Revenue exceeding $1B, providing a wide range of financial services.

• Brown Advisory: Revenue between $100M and $1B, specializing in investment management and advisory services.