Wealth manager, independent · Boston, MA
Choate Investment Advisors
Choate Investment Advisors LLC · SEC-registered investment adviser · CRD 106109 · SEC 801-53321
At a glance
Choate Investment Advisors is an SEC-registered investment adviser based in Boston, Massachusetts, with $10B in regulatory assets under management as of its Form ADV filed March 30, 2026. It reports 614 individual clients, 519 of them high-net-worth, holding an average of about $15 million each, and 34 employees. That ranks it 100th among the nation’s 5,657 independent wealth management RIAs and 7th of 202 in Massachusetts. It reports SEI as the custodian for its clients’ separately managed accounts.
Main office 617-973-4900choatewealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $10B
- Rank among independent wealth managers
- #100 of 5,657
- Rank among all SEC RIAs
- #1,370 of 17,210
- Rank in Massachusetts
- #7 of 202
- Individual clients
- 614
- High-net-worth clients
- 519
- Accounts
- 4,009
- Discretionary
- 92% of AUM
- Employees
- 34
- Advisory staff
- 20
- Offices
- 1
Owners and executives on its Form ADV
- Erin E. KerrChief Compliance Officer
- Robert A. KoleDirector of Cami
- Tamer M. AlamuddinManaging Director of CIA, Director of Cami
- Alexander L. ThorndikePresident of CIA, President, Treasurer and Director of Cami
Custody and brokerage
Broker-dealer
No broker-dealer ties
Choate Investment Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 519 | $9.4B | 93% |
| Charitable organizations | 36 | $544M | 5% |
| Pooled investment vehicles | 3 | $88M | <1% |
| Individuals | 95 | $46M | <1% |
Private funds
Choate Investment Advisors reports 3 private funds with $88M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Choate Investment Advisors reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Periodicals or newsletters
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗choatewealth.com ↗
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The full record on Choate Investment Advisors
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 402 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Massachusetts
All of Massachusetts →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Ballentine PartnersWaltham | $15B | 342 |
| CW Advisors, LLCBoston | $15B | 6,426 |
| Loring, Wolcott & Coolidge Fiduciary Advisors, LLPBoston | $13B | 3,214 |
| Welch & Forbes LLCBoston | $9.9B | 643 |
| F L Putnam Investment Management Co.Lynnfield | $9.7B | 2,823 |
| Battery Global Advisors, LLCBoston | $8.4B | 65 |
Compare Choate Investment Advisors with
- Choate Investment Advisors vs Openarc Corporate Advisory, LLC $10B · Atlanta, GA
- Choate Investment Advisors vs Fiduciary Counselling Inc $10B · St Paul, MN
- Choate Investment Advisors vs BMO Family Office, LLC $10.0B · Chicago, IL
- Choate Investment Advisors vs Welch & Forbes LLC $9.9B · Boston, MA
Background
Questions
How much does Choate Investment Advisors manage?
Choate Investment Advisors reports $10B in regulatory assets under management across 4,009 accounts, 92% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
How many clients does Choate Investment Advisors have?
It reports 614 individual clients: 519 high-net-worth individuals and 95 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Choate Investment Advisors headquartered?
Its main office is in Boston, Massachusetts. It reports 1 office in total and 34 employees, 20 of whom perform investment advisory functions.
How does Choate Investment Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Choate Investment Advisors use?
It reports SEI as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 30, 2026, it reports these amounts held: SEI ($9.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Choate Investment Advisors a hybrid RIA with a broker-dealer?
Choate Investment Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Choate Investment Advisors a fiduciary?
As an SEC-registered investment adviser, Choate Investment Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Choate Investment Advisors’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 (2026-03-30), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →