Office address: 230 3rd Ave, Fl 6, Waltham, MA 02451
Website: ballentinepartners.com
Year established: 1984
Company type: financial services
Employees: 130+
Expertise: wealth management, investment advisory, estate planning, tax planning, family well-being, private equity, impact investing, financial planning, charitable giving, family office administration
Parent company: N/A
Key people: Drew McMorrow (CEO), Barry Tubman (COO), Jeff Potter (CFO), Christopher Chandler and Pete Chiappinelli (chief investment officers), Jennifer Christian Murtie (chief wealth advisory officer), Coventry Edwards-Pitt (chief creative officer)
Financing status: privately held (employee and client-owned)
Ballentine Partners is an independent, fee-only multi-family office based in Waltham, MA. The certified B Corp provides wealth planning, investment management, and family well-being services to high-net-worth clients. It reported over $14 billion in AUM as of September 30, 2025.
Ballentine Partners started because of a gap in the founder's own family estate planning. Roy Ballentine's father died in 1984, and the estate had trusts, partnerships, and corporations but no single advisor to manage them.
The company states that Roy saw a need for one firm that could give families integrated, objective advice. With that goal in mind, he founded Ballentine & Company that same year from his home in Wolfeboro.
The firm operated from Roy's Wolfeboro home for more than a decade. It then added a partner in 1997 and was renamed as Ballentine, Finn & Company.
The team then moved to its first formal office on Mill Street in Wolfeboro two years later. In 2010, the shareholders restructured the business as Ballentine Partners, its current form.
Drew McMorrow, now the company's president and CEO, joined Ballentine Partners as a staff member in 2002. He was promoted to president in 2011 and became CEO in 2016.
The firm opened a Palm Beach Gardens office in 2015 and launched its own private investment funds in 2020. It also manages multiple active funds under its affiliate, Ballentine Funds, GP.
The company completed a corporate rebrand in 2023 and earned B Corp certification that same year. InvestmentNews also ranked Ballentine Partners seventh on its 2023 Top 25 Fee-Only Firms in the Northeast list. The ranking used SEC Form ADV data, which puts the firm among the largest fee-only advisors in its region.
A research program on family well-being, started in 2006, produced the three-book Healthy, Wealthy & Wise series. The series looks at how families with wealth balance financial success with personal values and relationships. That work led to The Ballentine Partners Center for Family Well-being in 2024, the same year founder Roy Ballentine retired.
Ballentine Partners provides fee-only wealth management across investing, planning, and family well-being:
The firm also handles lifestyle management for items like aircraft, yachts, and household staff. It advises charitable foundations and tax-exempt organizations as well.
Ballentine Partners says it follows a code of ethics centered on objectivity, reliability, and respect. The company's stated core values, set by founder Roy Ballentine, are:
Ballentine Partners operates on a hybrid work model across its four US offices. It describes its environment as family-friendly and offers the following benefits:
Beyond its employee benefits, the company gives through The Ballentine Partners Donor Advised Fund and an employee gift matching program. Recipients include Dana Farber, Make-A-Wish Foundation, and St. Jude Children's Research Hospital, among dozens of other organizations.
Drew McMorrow serves as president and CEO after joining Ballentine Partners in 2002. He previously worked at Mercer Management Consulting, Oracle, and at the Congressional Budget Office and holds an MBA from UC Berkeley's Haas School of Business.
McMorrow graduated with a double major in economics and international relations from Brown University. He is also a member of Phi Beta Kappa, a prestigious academic honor society.
Other senior leaders at Ballentine Partners include:
The firm also says it promotes from within and that it launched The Ballentine Partners Leadership Academy to develop future leaders. It also runs a mentorship program and grants the annual Roy Ballentine Mentorship Award.
Ballentine Partners made InvestmentNews' 2025 list of Top Independent HNW Advisors in the Northeast. The ranking selects companies based on SEC filings, AUM data, and independent ownership status.
Alongside that achievement, Ballentine Partners promoted four employees to partner in February 2026. Alexa Carbone, Ryan McManus, Jessica Minty, and Courtney Scott now serve as employee-owners across advisory and investment roles. The promotions support the company's stated goal of building its next generation of leadership from within.
InvestmentNews presents the Top Independent High-Net-Worth Advisors from across the US
InvestmentNews celebrates the best fee-only RIAs from the four regions across the US. The 100 winners are thriving in their respective areas by ensuring their clients experience exemplary service. Through a combination of expertise, personalized attention, and a client-first mentality, they have established themselves as trusted partners in guiding individuals and families toward financial success.
