# Choate Investment Advisors

> 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.

- CRD: 106109
- Filed as: CHOATE INVESTMENT ADVISORS
- Legal name: Choate Investment Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106109
- AdvisorCensus page: https://advisorcensus.com/firm/choate-investment-advisors-boston-ma-106109

## Quick answers

**How is Choate Investment Advisors compensated?**
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).

**What does Choate Investment Advisors' brochure say about its fees?**
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). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Choate Investment Advisors located?**
Choate Investment Advisors' principal office is in Boston, MA, according to its Form ADV.

**Is Choate Investment Advisors registered with the SEC or a state?**
Choate Investment Advisors is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106109.

**How much does Choate Investment Advisors manage?**
Choate Investment Advisors reports $10,047,919,310 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (92% discretionary).

**How have Choate Investment Advisors' assets and staff changed since 2021?**
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.

**What types of clients does Choate Investment Advisors serve?**
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).

**Which custodians does Choate Investment Advisors use?**
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.

**Does Choate Investment Advisors report any disciplinary disclosures?**
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

**Does Choate Investment Advisors state an account minimum?**
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."

**What changed in Choate Investment Advisors' recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)

> 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 .

- Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)

> ChoateIA ’s target minimum account size for new relationships is $10 million, although it accepts accounts below this amount at its discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Limited Purpose Federal Savings Association

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.

### Regulatory assets under management (Item 5.F)
- Total: $10,047,919,310
- Discretionary: $9,271,061,008
- Non-discretionary: $776,858,302

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 95 | $45,606,365 |
| High net worth individuals | 519 | $9,370,202,606 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $88,137,557 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 36 | $543,972,782 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1996 (29 years)
- Employees: 34 total, 20 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- choatewealth.com
- LinkedIn @choate-investment-advisors
- X @CHOATEIA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,740,825,671 | 14 | March 30, 2021 |
| October 2022 | $6,586,981,380 | 15 | March 30, 2022 |
| October 2023 | $5,254,615,313 | 16 | March 28, 2023 |
| October 2024 | $7,496,939,369 | 24 | March 29, 2024 |
| October 2025 | $8,875,554,325 | 23 | March 31, 2025 |
| October 2026 | $10,047,919,310 | 34 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Choate Investment Advisors (CRD 106109): Form ADV filing data as of October 2026.