WELCH & FORBES LLC
Latest filing: Mar 19, 2025 (95 days ago)
AUM
$9,163,630,959
16% change vs. 1 year ago
17% change vs. 3 years ago
64% change vs. 5 years ago
120% change vs. 10 years ago
Employee Count
56
2% change vs. 1 year ago
0% change vs. 3 years ago
4% change vs. 5 years ago
6% change vs. 10 years ago
Main Office
BOSTON, MA
45 SCHOOL STREET, BOSTON, MA, UNITED STATES, 02108
Client AUM
| Discretion | AUM |
|---|---|
| Discretionary | $8.9 |
| Non-Discretionary | $0.2 |
| Total | $9.2 |
| Client | AUM |
|---|---|
| Retail | $7.7 |
| Pooled | $0.0 |
| Institutional | $1.5 |
| Total | $9.2 |
| Retail | Accounts | AUM |
|---|---|---|
| Individual | 182 | $0.2 |
| Average Individual AUM | $1,054,886 | |
| HNW | 463 | $7.5 |
| Average HNW AUM | $16,155,777 | |
| Retail Total | 645 | $7.7 |
| Average Retail AUM | $11,894,750 |
ADVDB.CO • AUM IN BILLIONS, AVERAGES IN DOLLARS • SOURCE: SEC FORM ADV
SMA Custodians
| Custodian | Location | AUM |
|---|---|---|
| RELIANCE TRUST COMPANY | ATLANTA-GA-USA | $6.6 |
ADVDB.CO • SMA AUM IN BILLIONS • SMA INCLUDES RETAIL AND INSTITUTIONAL • SOURCE: SEC FORM ADV
Separately Managed Assets
| Breakdown | AUM |
|---|---|
| Total SMA AUM | $9.2 |
| Retail SMA AUM | $7.7 |
| Institutional SMA AUM | $1.5 |
| Asset Class | % | AUM |
|---|---|---|
| Equity Exch | 83% | $7.6 |
| Equity Non-Exch | 0% | $0.0 |
| Govt Agency | 2% | $0.2 |
| Municipal | 2% | $0.2 |
| Sovereign | 0% | $0.0 |
| IG Credit | 3% | $0.3 |
| HY Credit | 0% | $0.0 |
| Derivatives | 0% | $0.0 |
| Investment Companies | 3% | $0.3 |
| Other Pools | 1% | $0.1 |
| Cash | 6% | $0.5 |
| Other | 0% | $0.0 |
| Total | 100% | $9.2 |
ADVDB.CO • AUM IN BILLIONS • POSSIBLE ROUNDING ERRORS, BUT SOME ADVISERS REPORT SUMS ≠ 100% • SOURCE: SEC FORM ADV
Control Persons
11 active
| Name | Title |
|---|---|
| WALTER, KURT, HENRY | EXECUTIVE VICE PRESIDENT & TREASURER |
| SILBERMANN, ADRIENNE, G. | EXECUTIVE VICE PRESIDENT |
| WILLIAMS, BENJAMIN, JACKSON | EXECUTIVE VICE PRESIDENT |
| JUNDI, TODD, R | SENIOR VICE PRESIDENT & CHIEF COMPLIANCE OFFICER |
| OBER, THEODORE, EDWARD | EXECUTIVE VICE PRESIDENT |
ADVDB.CO • SOURCE: SEC
Representatives
1 active representative found
| Name | City | State | Exams | Designations | |||||
|---|---|---|---|---|---|---|---|---|---|
| KELLEY ELLIS | BOSTON | MA | S63|2007-12-21|S65|2015-02-05 | ||||||
ADVDB.CO • SOURCE: SEC
History
| Date | AUM | AUM ∆ | AUM % ∆ | Empl | Empl ∆ | Empl % ∆ |
|---|---|---|---|---|---|---|
| 2025-05-02 | $9.2 | $0.0 | 0% | 56 | 0 | 0% |
| 2025-04-21 | $9.2 | $0.0 | 0% | 56 | 0 | 0% |
| 2024-04-02 | $7.9 | $1.3 | 16% | 55 | 1 | 2% |
| 2023-04-04 | $6.8 | $2.4 | 35% | 53 | 3 | 6% |
| 2022-04-01 | $7.8 | $1.4 | 17% | 56 | 0 | 0% |
| 2021-04-05 | $6.3 | $2.9 | 46% | 56 | 0 | 0% |
| 2020-04-01 | $5.6 | $3.6 | 64% | 54 | 2 | 4% |
| 2019-04-01 | $4.6 | $4.6 | 100% | 55 | 1 | 2% |
| 2018-04-02 | $4.9 | $4.3 | 87% | 56 | 0 | 0% |
| 2017-04-01 | $4.2 | $4.9 | 116% | 52 | 4 | 8% |
| 2016-04-01 | $3.9 | $5.2 | 132% | 56 | 0 | 0% |
| 2015-04-01 | $4.2 | $5.0 | 120% | 53 | 3 | 6% |
| 2014-04-01 | $3.9 | $5.2 | 132% | 53 | 3 | 6% |
| 2013-04-01 | $3.4 | $5.8 | 173% | 52 | 4 | 8% |
ADVDB.CO • AUM IN BILLIONS • SOURCE: SEC FORM ADV
Other
| STATE REGISTRATIONS |
| MA, AZ-03/19/2025, CA-11/19/2001, CO-03/27/2014, CT-11/19/2001, FL-01/07/2002, GA-03/15/2018, IL-04/18/2017, MA-08/31/2001, MD-03/29/2012, ME-11/19/2001, MT-03/19/2025, NC-03/19/2025, NH-11/19/2001, NJ-02/02/2002, NY-11/19/2001, OR-03/27/2023, PA-03/29/2007, RI-03/11/2003, SC-03/15/2018, TX-03/29/2012, VA-11/19/2001, VT-11/19/2001, WA-03/29/2012 |
| ADVISER ACTIVITIES |
|
FINANCIAL PLANNING PORTFOLIO MANAGEMENT PORTFOLIO MANAGEMENT (POOLS) PORTFOLIO MANAGEMENT (SMB) |
| OTHER ACTIVITIES |
ADVDB.CO • SOURCE: SEC FORM ADV