Asset manager · Boston, MA
Boston Management and Research
SEC-registered investment adviser · CRD 104853 · SEC 801-43127
At a glance
Boston Management and Research is an SEC-registered investment adviser based in Boston, Massachusetts, with $154.7 billion in regulatory assets under management as of its Form ADV filed March 29, 2026. Its largest client group by assets is investment companies. By Form ADV it is a asset manager, ranked 94th of 3,218 asset managers and 176th of 17,210 SEC-registered advisers by assets.
Main office 617-482-8260LinkedInAs filed on Form ADV
- Regulatory AUM
- $155B
- Rank among asset managers
- #94 of 3,218
- Rank among all SEC RIAs
- #176 of 17,210
- Rank in Massachusetts
- #17 of 627
- Clients
- 72
- Accounts
- 72
- Discretionary
- 100% of AUM
- Employees
- 203
- Advisory staff
- 144
- Offices
- 4
Owners and executives on its Form ADV
- Lisa Buhain WinslowChief Administrative Officer & Vice President
- Benjamin C. HunekeChief Executive Officer & President
- Laura T DonovanChief Compliance Officer & Vice President
Custody and brokerage
Custodian
Boston Management and Research’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Boston Management and Research is a hybrid RIA: 14 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Eaton Vance Distributors, Inc., Morgan Stanley Asia Limited, Morgan Stanley Capital Services, LLC, Morgan Stanley Distribution, Inc. and Morgan Stanley Smith Barney LLC.
- Eaton Vance Distributors, Inc. ↗CRD 37731
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Morgan Stanley Asia Limited
- Morgan Stanley Capital Services, LLC
- Morgan Stanley Distribution, Inc. ↗CRD 30344
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Morgan Stanley Smith Barney LLC ↗CRD 149777
Its Form ADV brochure (filed March 2026) names Eaton Vance Distributors and Morgan Stanley Distribution as the broker-dealer its advisers are registered with.
Certain of our management persons are registered representatives of EVD and/or MSDI.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 49 | $83B | 53% |
| Pooled investment vehicles | 23 | $72B | 47% |
Private funds
Boston Management and Research reports 22 private funds with $72B in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Boston Management and Research answers yes to 8 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Other
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Boston Management and Research
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 166 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Boston Management and Research manage?
Boston Management and Research reports $154.7 billion in regulatory assets under management across 72 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 29, 2026.
What kind of firm is Boston Management and Research?
Boston Management and Research is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. A public reporting company controls it.
Who are Boston Management and Research’s clients?
By assets, its largest client types are investment companies ($82.5 billion, 49 clients); pooled investment vehicles ($72.2 billion, 23 clients).
Does Boston Management and Research manage private funds?
Yes. It reports 22 private funds with $72.2 billion in gross assets, including other private funds.
Does Boston Management and Research have any disciplinary history?
Boston Management and Research answers yes to 8 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Boston Management and Research’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-29), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →