# The Bollard Group LLC

> The Bollard Group LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 15, 2026.

- CRD: 155317
- Filed as: THE BOLLARD GROUP LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: July 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155317
- AdvisorCensus page: https://advisorcensus.com/firm/the-bollard-group-llc-boston-ma-155317

## Quick answers

**How is The Bollard Group LLC compensated?**
On its Form ADV (Item 5.E, October 2026), The Bollard Group LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; performance-based fees.

**Where is The Bollard Group LLC located?**
The Bollard Group LLC's principal office is in Boston, MA, according to its Form ADV.

**Is The Bollard Group LLC registered with the SEC or a state?**
The Bollard Group LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155317.

**How much does The Bollard Group LLC manage?**
The Bollard Group LLC reports $6,724,565,893 in regulatory assets under management in its Form ADV filing dated July 15, 2026 (97% discretionary).

**How have The Bollard Group LLC's assets and staff changed since 2021?**
In the Form ADV data for The Bollard Group LLC: Regulatory assets under management: $6,100,746,952 in the October 2021 data and $6,724,565,893 in the October 2026 data, up 10%. Total employees: 33 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does The Bollard Group LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (14); pooled investment vehicles (other than investment companies and business development companies) (10).

**Which custodians does The Bollard Group LLC use?**
The Bollard Group LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does The Bollard Group LLC 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/155317

**Does The Bollard Group LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "The Bollard Group generally requires that each client maintains a minimum aggregate portfolio account size of $25 million. Exceptions to the minimum aggregate portfolio may be made at the discretion of The Bollard Group."

**What changed in The Bollard Group LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 11 to 12.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $25,000,000 (the brochure says it may be waived or negotiated)

> The Bollard Group generally requires that each client maintains a minimum aggregate portfolio account size of $25 million. Exceptions to the minimum aggregate portfolio may be made at the discretion of The Bollard Group.

- Minimum annual fee: $75,000

> Our minimum annual fee for assets under management is $75,000. Exceptions to the minimum annual fee may be made at the discretion of The Bollard Group.

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

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities LLC
- Morgan Stanley & Co. LLC
- National Financial Services LLC

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: $6,724,565,893
- Discretionary: $6,491,735,513
- Non-discretionary: $232,830,380

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 14 | $5,323,283,131 |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $1,401,282,762 |

### 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)
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2011 (14 years)
- Employees: 29 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, NH, NY, TX, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bollard.com
- spincap.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,100,746,952 | 33 | July 12, 2021 |
| October 2022 | $5,453,735,112 | 28 | June 29, 2022 |
| October 2023 | $5,215,718,144 | 28 | June 30, 2023 |
| October 2024 | $5,662,840,667 | 29 | July 18, 2024 |
| October 2025 | $6,775,655,510 | 33 | July 10, 2025 |
| October 2026 | $6,724,565,893 | 29 | July 15, 2026 |

Regulatory assets under management: $6,100,746,952 in the October 2021 data and $6,724,565,893 in the October 2026 data, up 10%.
Total employees: 33 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 11 to 12.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. The Bollard Group LLC (CRD 155317): Form ADV filing data as of October 2026.