{
  "crd_number": 106109,
  "slug": "choate-investment-advisors-boston-ma-106109",
  "primary_business_name": "CHOATE INVESTMENT ADVISORS",
  "legal_name": "CHOATE INVESTMENT ADVISORS LLC",
  "dbas": [],
  "city": "Boston",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1996-11-29",
  "years_registered": 29,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 10047919310.0,
  "raum_discretionary": 9271061008.0,
  "raum_non_discretionary": 776858302.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 34,
  "advisory_employees": 20,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 543972782.0,
      "count": 36
    },
    "individuals": {
      "raum": 45606365.0,
      "count": 95
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 9370202606.0,
      "count": 519
    },
    "pooled_investment_vehicles": {
      "raum": 88137557.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "MA",
    "MD",
    "ME",
    "MI",
    "MT",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NY",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "TX",
    "VA",
    "VT",
    "WA"
  ],
  "websites": [
    "https://choatewealth.com",
    "https://linkedin.com/company/choate-investment-advisors",
    "https://x.com/CHOATEIA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106109",
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/choate-investment-advisors-boston-ma-106109",
  "display_name": "Choate Investment Advisors",
  "summary": "Choate Investment Advisors is an SEC-registered investment advisory firm in Boston, MA, registered since 1996, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Choate Investment Advisors (CRD 106109): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is Choate Investment Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Choate Investment Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Choate Investment Advisors charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states); Flat fee: $1,000 to $2,500 (advisory services on assets managed outside of ChoateIA, tax advisory…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Choate Investment Advisors located?",
      "a": "Choate Investment Advisors' principal office is in Boston, MA, according to its Form ADV."
    },
    {
      "q": "Is Choate Investment Advisors registered with the SEC or a state?",
      "a": "Choate Investment Advisors is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106109."
    },
    {
      "q": "How much does Choate Investment Advisors manage?",
      "a": "Choate Investment Advisors reports $10,047,919,310 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (92% discretionary)."
    },
    {
      "q": "How have Choate Investment Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Choate Investment Advisors: Regulatory assets under management: $5,740,825,671 in the October 2021 data and $10,047,919,310 in the October 2026 data, up 75%. Total employees: 14 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Choate Investment Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (519); individuals (other than high net worth individuals) (95); charitable organizations (36)."
    },
    {
      "q": "Which custodians does Choate Investment Advisors use?",
      "a": "Choate Investment Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Limited Purpose Federal Savings Association as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Choate Investment Advisors report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106109"
    },
    {
      "q": "Does Choate Investment Advisors state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"ChoateIA ’s target minimum account size for new relationships is $10 million, although it accepts accounts below this amount at its discretion.\""
    },
    {
      "q": "What changed in Choate Investment Advisors' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 20. Regulatory assets under management went from $8,875,554,325 to $10,047,919,310 (+13%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 5740825671.0,
      "total_employees": 14,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 6586981380.0,
      "total_employees": 15,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 5254615313.0,
      "total_employees": 16,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 7496939369.0,
      "total_employees": 24,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8875554325.0,
      "total_employees": 23,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 10047919310.0,
      "total_employees": 34,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 17 to 20.",
        "Regulatory assets under management went from $8,875,554,325 to $10,047,919,310 (+13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.25% of assets a year",
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,000 to $2,500 (advisory services on assets managed outside of ChoateIA, tax advisory…)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Where we provide discretionary and non-discretionary asset management services, we typically charge an annual fee ranging up to 1.25% of the value of your assets under our management ."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "ChoateIA ’s target minimum account size for new relationships is $10 million, although it accepts accounts below this amount at its discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $2,500 (advisory services on assets managed outside of ChoateIA, tax advisory…)"
        ],
        "quotes": [
          "These services are negotiated and billed at a fixed rate between $1,000 - $2,500."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 1.25,
      "account_minimum": 10000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 2500.0,
          "period": "one_time",
          "service": "advisory services on assets managed outside of ChoateIA, tax advisory services, financial planning services, and overall"
        }
      ]
    },
    "quotes": [
      "Where we provide discretionary and non-discretionary asset management services, we typically charge an annual fee ranging up to 1.25% of the value of your assets under our management .",
      "ChoateIA ’s target minimum account size for new relationships is $10 million, although it accepts accounts below this amount at its discretion.",
      "These services are negotiated and billed at a fixed rate between $1,000 - $2,500."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Limited Purpose Federal Savings Association",
      "name_as_filed": "LIMITED PURPOSE FEDERAL SAVINGS ASSOCIATION",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/choate-investment-advisors-boston-ma-106109.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 95,
      "fewer_than_5": false,
      "raum": 45606365.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 519,
      "fewer_than_5": false,
      "raum": 9370202606.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 88137557.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 36,
      "fewer_than_5": false,
      "raum": 543972782.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106109",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}