Choate Investment Advisors Named to Forbes Magazine's 2015 "Top 100 Wealth Managers" List

BOSTON, MA--(Marketwired - May 27, 2015) -  Choate Investment Advisors has been named by Forbes magazine as one of the "Top 100 Wealth Managers," ranking #41 among the leading Registered Investment Advisors (RIAs) in the nation, based on total assets under management. For the first time this year, Forbes expanded the list to include 100 firms, reflecting the growth in the RIA channel. Choate was one of only four Boston firms that made the top 50 firms on the list, and posted the largest increase -- 10 percent -- in assets under management among the four firms.

Choate Investment Advisors has provided wealth management services to high net worth individuals and families for decades, and currently manages over $4 billion in assets. Choate offers an independent "open architecture" investment strategy. The firm's seamless one-stop, family office approach to wealth management provides clients with top notch, institutional quality investment management services that are fully integrated with their tax, estate planning, and other needs.

"It is an honor to once again be included in Forbes' elite group of the best investment advisors in the wealth management business," said Todd Millay, Managing Director of Choate Investment Advisors. "We are especially pleased to be ranked in the top 50 of this year's expanded list. Our business continues to grow because there is a strong need for the type of integrated, independent, and objective family office solutions that we offer clients."

Forbes identified its "Top 100 Wealth Managers" through a partnership with the web-based financial advisory and registered rep tracker RIA Database, which compiled this year's list based on total assets under management for year-end 2014. The list includes both fee-only advisors and hybrid broker-dealer firms. Members of the list must have managed at least 50 percent of their assets on behalf of retail clients, cannot run a broker-dealer (they can be affiliated with one), cannot be a bank (trust companies are permitted), and must be performing wealth management services.

Choate Investment Advisors is a registered investment advisor subsidiary of Choate, Hall & Stewart LLP in Boston. Choate Investment Advisors works closely with the law firm's world-class estate and tax planning attorneys to provide clients with a comprehensive family office experience. Choate, Hall & Stewart's Wealth Management practice has been nationally recognized as one of the leading practices of its kind by US News & World Report. Choate Investment Advisors is regularly ranked as one of the top wealth advisory firms in the country. Other recent rankings include: Barron's 2014 "Top 100 Independent Financial Advisors" and Financial Times' 2014 "FT 300 Top Registered Investment Advisers."