{
  "crd_number": 107422,
  "slug": "j-m-forbes-and-co-llp-boston-ma-107422",
  "primary_business_name": "J.M. FORBES & CO. LLP",
  "legal_name": "J.M. FORBES & CO. LLP",
  "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": "1960-05-06",
  "years_registered": 66,
  "period": "2026-10-01",
  "filing_date": "2026-03-12",
  "carried_forward": false,
  "raum_total": 1674306720.0,
  "raum_discretionary": 1672376430.0,
  "raum_non_discretionary": 1930290.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 114362848.0,
      "count": 21
    },
    "individuals": {
      "raum": 183915923.0,
      "count": 685
    },
    "banking_thrift": {
      "raum": null,
      "count": 0
    },
    "state_municipal": {
      "raum": null,
      "count": 0
    },
    "insurance_companies": {
      "raum": null,
      "count": 0
    },
    "investment_companies": {
      "raum": null,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 10096190.0,
      "count": 4
    },
    "other_investment_advisers": {
      "raum": null,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 1313120600.0,
      "count": 356
    },
    "pooled_investment_vehicles": {
      "raum": null,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 52811159.0,
      "count": 10
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "MA",
    "ME",
    "MT",
    "NH",
    "NY",
    "OR",
    "RI",
    "TX",
    "VA",
    "VT",
    "WA",
    "WY"
  ],
  "websites": [
    "https://jmforbes.com",
    "https://linkedin.com/company/jmforbes"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107422",
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/j-m-forbes-and-co-llp-boston-ma-107422",
  "display_name": "J.M. Forbes & Co. LLP",
  "summary": "J.M. Forbes & Co. LLP is an SEC-registered investment advisory firm in Boston, MA, registered since 1960, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.",
  "citation": "AdvisorCensus. J.M. Forbes & Co. LLP (CRD 107422): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is J.M. Forbes & Co. LLP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), J.M. Forbes & Co. LLP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does J.M. Forbes & Co. LLP charge?",
      "a": "Its Form ADV Part 2A brochure dated March 12, 2026 states: Up to $500,000: 0.95% a year; $500,000 to $1,500,000: 0.85% a year; $1,500,000 to $2,500,000: 0.75% a year; $2,500,000 to $5,000,000: 0.65% a year; $5,000,000 to $10,000,000: 0.45% a year; $10,000,000 to $50,000,000: 0.38% a year; Above $50,000,000: 0.35% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is J.M. Forbes & Co. LLP located?",
      "a": "J.M. Forbes & Co. LLP's principal office is in Boston, MA, according to its Form ADV."
    },
    {
      "q": "Is J.M. Forbes & Co. LLP registered with the SEC or a state?",
      "a": "J.M. Forbes & Co. LLP is an SEC-registered investment advisory firm, registered since 1960. Status as filed: Approved. CRD 107422."
    },
    {
      "q": "How much does J.M. Forbes & Co. LLP manage?",
      "a": "J.M. Forbes & Co. LLP reports $1,674,306,720 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary)."
    },
    {
      "q": "How have J.M. Forbes & Co. LLP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for J.M. Forbes & Co. LLP: Regulatory assets under management: $1,046,561,860 in the October 2021 data and $1,674,306,720 in the October 2026 data, up 60%. Total employees: 18 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does J.M. Forbes & Co. LLP serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (685); high net worth individuals (356); charitable organizations (21)."
    },
    {
      "q": "Which custodians does J.M. Forbes & Co. LLP use?",
      "a": "J.M. Forbes & Co. LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists SPTC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does J.M. Forbes & Co. LLP 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/107422"
    },
    {
      "q": "What changed in J.M. Forbes & Co. LLP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 5. Regulatory assets under management went from $1,429,917,306 to $1,674,306,720 (+17%). Registered or notice-filed in OR. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1046561860.0,
      "total_employees": 18,
      "filing_date": "2021-03-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1173783193.0,
      "total_employees": 19,
      "filing_date": "2022-04-20"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1021563911.0,
      "total_employees": 19,
      "filing_date": "2023-03-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1193376004.0,
      "total_employees": 20,
      "filing_date": "2024-03-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1429917306.0,
      "total_employees": 20,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1674306720.0,
      "total_employees": 21,
      "filing_date": "2026-03-12"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 5.",
        "Regulatory assets under management went from $1,429,917,306 to $1,674,306,720 (+17%).",
        "Registered or notice-filed in OR.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in DC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 12, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "0.95%"
      },
      {
        "band": "$500,000 to $1,500,000",
        "rate": "0.85%"
      },
      {
        "band": "$1,500,000 to $2,500,000",
        "rate": "0.75%"
      },
      {
        "band": "$2,500,000 to $5,000,000",
        "rate": "0.65%"
      },
      {
        "band": "$5,000,000 to $10,000,000",
        "rate": "0.45%"
      },
      {
        "band": "$10,000,000 to $50,000,000",
        "rate": "0.38%"
      },
      {
        "band": "Above $50,000,000",
        "rate": "0.35%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 0.95% a year",
          "$500,000 to $1,500,000: 0.85% a year",
          "$1,500,000 to $2,500,000: 0.75% a year",
          "$2,500,000 to $5,000,000: 0.65% a year",
          "$5,000,000 to $10,000,000: 0.45% a year",
          "$10,000,000 to $50,000,000: 0.38% a year",
          "Above $50,000,000: 0.35% a year"
        ],
        "quotes": [
          "The primary form of advisory compensation for J.M. Forbes & Co. LLP is a management fee based on the following rates:",
          "First $500,000 0.95%",
          "Next $1,000,000 0.85%",
          "Next $1,000,000 0.75%",
          "Next $2,500,000 0.65%",
          "Next $5,000,000 0.45%",
          "Next $40,000,000 0.38%",
          "Over $50,000,000 0.35%"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 500000.0,
          "rate_pct": 0.95
        },
        {
          "min": 500000.0,
          "max": 1500000.0,
          "rate_pct": 0.85
        },
        {
          "min": 1500000.0,
          "max": 2500000.0,
          "rate_pct": 0.75
        },
        {
          "min": 2500000.0,
          "max": 5000000.0,
          "rate_pct": 0.65
        },
        {
          "min": 5000000.0,
          "max": 10000000.0,
          "rate_pct": 0.45
        },
        {
          "min": 10000000.0,
          "max": 50000000.0,
          "rate_pct": 0.38
        },
        {
          "min": 50000000.0,
          "max": null,
          "rate_pct": 0.35
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The primary form of advisory compensation for J.M. Forbes & Co. LLP is a management fee based on the following rates:",
      "First $500,000 0.95%",
      "Next $1,000,000 0.85%",
      "Next $1,000,000 0.75%",
      "Next $2,500,000 0.65%",
      "Next $5,000,000 0.45%",
      "Next $40,000,000 0.38%",
      "Over $50,000,000 0.35%"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "SPTC",
      "name_as_filed": "SPTC",
      "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/j-m-forbes-and-co-llp-boston-ma-107422.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 685,
      "fewer_than_5": false,
      "raum": 183915923.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 356,
      "fewer_than_5": false,
      "raum": 1313120600.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 10096190.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 21,
      "fewer_than_5": false,
      "raum": 114362848.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 10,
      "fewer_than_5": false,
      "raum": 52811159.0
    }
  ],
  "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/107422",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}