SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Welch & Forbes LLC
Boston, MA
CRD 115119
Firm filing updated May 19, 2026 ·
- $9.9BAssets
- 699Clients
- 12Advisory staff
- 3,734Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- High net worth individuals478
- Individuals165
- Charities26
- Corporations or other businesses22
- Pension and profit sharing plans4
- and 2 more4
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 165 | $164.5 million |
| High net worth individuals | 478 | $8.0 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $6,880 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $8.6 million |
| Charitable organizations | 26 | $157.3 million |
| Other investment advisors | 2 | $1.5 billion |
| Corporations or other businesses not listed above | 22 | $44.9 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 4 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- 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
Assets and accounts
- Regulatory assets$9.9 billion
- Accounts3,734
- Discretionary$9.7 billion · 3,690 accounts
- Non-discretionary$242.9 million · 44 accounts
People
- Employees55
- Advisory staff12
- Broker-dealer reps0
- Licensed insurance agents0
- Planning clients51 to 100
Advisors
2 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 115119, SEC file 801-60532.
- Registered with the SEC as an investment advisor (status date on record: August 31, 2001).
Is Welch & Forbes LLC a fiduciary?
Short answer: Welch & Forbes LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.