As an independent multi-family office, Ballentine Partners’ mission is to help families achieve their aspirations, build their legacy, and live the life they want to live.
Financial results as of 3/31/2025. Ballentine Partners, LLC does not serve as an attorney, accountant, or insurance agent. Ballentine Partners, LLC does not prepare estate planning documents or tax returns, nor does it sell insurance products. Assets under management (AUM) are assets for which we provide continuous and regular advice, supervisory, or management services. Assets under advisement (AUA) include all assets under management, plus other assets for which we provide advice and implementation services.
Dear clients, friends, and partners,
It has become our tradition to share with you our annual Ballentine Partners Stakeholder Report, providing insight into the life of the firm and the people dedicated to its purpose. This past year, we celebrated our 40th anniversary, which offered a meaningful opportunity to reflect on how far we have come—and where we see our future.
Our firm began as a bold experiment in values-driven wealth management and has grown into a thriving, independent organization rooted in trust, integrity, and a decidedly human-centered approach. This report provides a view into the people, principles, and progress that continue to guide our journey and the impact we strive to make for our clients, colleagues, and communities.
The report highlights the many ways we have remained committed to A Decidedly Human Approach®, supporting our clients, our team, and the communities we serve with empathy and intention. Whether through pioneering research in family well-being, mentoring the next generation of advisors, or aligning our investments with values that matter, our goal is to create a lasting impact at every point of engagement.
You will also learn about our continued investment in people—from welcoming new colleagues to celebrating longtime team members whose dedication helps define our culture. You will see how we are evolving our services to meet the complex challenges of today’s world while staying firmly grounded in the principles of fiduciary care and independent thinking.
This year, we also deepened our commitment to leadership and innovation. Among the most meaningful developments was the founding of The Ballentine Partners Center for Family Well-being. Built on more than a decade of research, the Center was created to help our clients, and the broader industry reimagine what it means to achieve lasting success across generations. The Center’s work focuses not only on financial capital, but also on fostering emotional, relational, and personal well-being. It stands as a testament to our belief that wealth should serve the human experience—not the other way around.
In parallel, we have strengthened our private investment platform, expanded mentorship initiatives, and promoted new leaders from within the firm, including the appointment of several partners and principals.
As we look to the future, we do so with both humility and conviction. The changing landscape of our industry will require not only financial expertise but also wisdom, compassion, and adaptability. At Ballentine Partners, we are prepared to meet that future and help shape it—guided by the same enduring values that brought us to this moment.
Thank you for your continued trust, partnership, and support. We are honored and grateful to be part of a shared journey.
Drew McMorrow, MBA, CFP® President & CEO Ballentine Partners, LLC
MEET OUR PARTNERS
Our Partners exemplify the highest standards of leadership, each demonstrating a commitment to areas essential to the firm’s mission. They serve as role models through their integrity and alignment with our core values, setting a standard that inspires the entire organization. Whether directly managing client relationships or contributing behind the scenes, our Partners drive exceptional client satisfaction and retention, consistently delivering value and fostering trust. They play a pivotal role in our independence and continued growth, while also contributing meaningfully to the management and strategic direction of the company.
• Drew McMorrow, MBA, CFP®, President & CEO
• Emily Cashman, Senior Client Advisor
• Christopher C. Chandler, CFA, CAIA, MBA, Chief Investment Officer
• Pete Chiappinelli, CFA, CAIA, Chief Investment Officer
• Ben Daly, MBA, CFA, CAIA, CFP®, Senior Investment Advisor
• Jayson DeAngelis, CFP®, Chief Development Officer
• Jennifer M. Eaton, JD, Senior Client Advisor
• Coventry Edwards-Pitt, CFA, CFP®, Chief Creative Officer & Founder and Director of The Ballentine Partners Center for Family Well-being
• Stephen H. Hopkins, Executive Chairman
• Sheila C. Lawrence, MALD, CFP®, CAP, Senior Client Advisor
• Elisa Gruber Lustig, MBA, Head of Private Investments
• Stephen A. Martone, MSFP, CFP®, Senior Wealth Advisor
• Jennifer Christian Murtie, MBA, Chief Wealth Advisory Officer
• Adam Ochlis, CPA, MST, Senior Client Advisor
• Austin M. Poirier, MSFP, CFA, Senior Investment Advisor
• Jeff Potter, MBA, Chief Financial Officer
• Elliot Rotstein, CAP®, Senior Client Advisor
• Kyle J. Schaffer, CFA, FSA, Senior Investment Advisor
We are pleased to join an esteemed group of experienced and sophisticated advisors who meet the strict criteria set by the various organizations listed below.
Judging panels make choices based on award-specific methodology. Please see important disclosures and limitations here
• Barron’s Top 100 RIAs 2024
• Worth’s Top RIA Firms 2024
• Family Wealth Report Multi-Family Office $5B-$15B, Highly Commended 2024
• Family Wealth Alliance 2024 Young Professional Awards: Alexa Carbone and Jessica Minty
• Boston Estate Planning Council, President’s Award 2024: Elliot Rotstein
• Employee Benefit News: Best HR Teams 2024
• Financial Planning: Best Places to Work in Money Management 2024
• Best Companies Group: Inclusive Workplace 2024-2025
• Best Companies Group: Best Places to Work in Boston - 2025
• Most Loved Workplaces® for Career Advancement - 2024
• Most Loved Workplaces® for Parents and Caregivers - 2024
• Most Loved Workplaces® for Volunteering - 2024
• Most Loved Workplaces® for Women - 2024
• Most Loved Workplaces® for Young Professionals - 2024
Barrons: Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in September 2024 based on data within a 12-month period. Family Wealth Report: Ballentine Partners did not pay any application fee to participate. Once shortlisted, tickets were purchased to attend the awards ceremony. This commendation was confirmed in May of 2024 based on data within a 12-month period. Family Wealth Alliance: Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in October 2024. Boston Estate Planning Council: This award is given in May of each year since 2015, based on a 12-month period. Ballentine Partners did not pay any application fee related to this award, nor were they compensated. Once nominated, tickets were purchased to attend the 2024 BEPC Annual Gala. Worth’s Top RIA Firms: Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in May 2024 based on data within a 12-month period. Best Companies Group: All participants who meet the criteria outlined receive recognition. Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in July 2024 based on data within a 12-month period. Most Loved Workplaces: Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in July 2024 based on data within a 12-month period. Employee Benefit News: Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in September 2024 based on data within a 12-month period. Financial Planning: Ballentine Partners did not pay any fee or receive any compensation to participate. Ranking awarded in November 2024 based on data within a 12-month period.
RECENT MILESTONES
• Welcomed twenty-one new employees over the last 12 months
• Appointed one new Partner: Senior Investment Advisor, Ben Daly, MBA, CFA, CAIA, CFP®
• Two new principals have been appointed: Head of Human Resources, Brie Elliott, MSHRD, PHR, SHRM-CP, SHRM-SCP, and Senior Client Advisor, Sam Gough, CFP®
• Launched three commingled private investment funds for a total of eight active Ballentine Partners-managed funds
• Achieved registration status from the USTPO of our trademarked tagline, A decidedly human approach to managing wealth®
• Launched The Ballentine Partners Center for Family Well-being
• Piloted a firm-wide mentorship program
• Launched The Ballentine Partners Leadership Academy
• Completed the Chief Compliance Officer leadership transition
• Successfully hosted our 40th anniversary celebration, which included the production of a film to capture the history of our founding to be used for future culture creation
THE BALLENTINE PARTNERS CENTER FOR FAMILY WELL-BEING
We are pleased to announce that we have established The Ballentine Partners Center for Family WellBeing (“The Center”) to further the understanding of and adoption within the wealth management arena of the counterintuitive lessons that our firm’s 10-year research effort has revealed about how to foster true family success amid multigenerational wealth.
Grounded in the research that brought our “Healthy, Wealthy & Wise” three-book collection to life, The Center is dedicated to enriching lives by prioritizing the human impact of wealth management, emphasizing that true wealth includes personal and family well-being. The Center is founded on the core tenet that financial abundance should harmonize with the values and relationships that matter most in life and that industry best practices are only that when they truly enhance not just wealth preservation, but also family well-being.
Leading The Ballentine Partners Center for Family Well-being are Coventry Edwards-Pitt, CFA, CFP®, Partner & Founder and Director, and Alexys Febonio, Associate Director. The client work related to The Center is supported by our in-house team of fifty trained client advisors.
To learn more about the foundational research that inspired The Center, please visit our website:
Learn more about our Family Well-being capabilities
OVER 25 YEARS OF PRIVATE INVESTMENT EXPERIENCE
For over 25 years, Ballentine Partners has been assisting clients invest in private markets. Led by Partner and Head of Private Investments Elisa Gruber Lustig, our experienced team offers qualified clients access to compelling opportunities alongside accomplished private equity managers across the investment spectrum. Below are insights into some recent investments.
Private Equity Investment in Public Safety Technology
Peregrine, a public safety technology leader named one of Forbes’ Next Billion Dollar Startups in 2024, recently closed a $190M Series C round led by Sequoia Capital, valuing the company at $2.5B. Ballentine Partners participated in a round in late 2024, ahead of Peregrine’s Series C financing via an SPV managed by Fifth Down Capital.
Seeding the Future: Glasswing’s Strong Community and Distinct Edge in AI Sourcing
Glasswing Ventures, a women-owned, Boston-based, early-stage venture capital firm, focuses on investing in pre-seed and seed stage companies developing AI-native software for enterprise and cybersecurity markets. The founding team has been investing in AI together since 2007. Ballentine Partners committed capital to Glasswing Ventures in 2024.
Through its prior funds, in which Ballentine Partners did not participate, Glasswing Ventures invested at the seed stage in Common Sense Machines. Founded by a team emerging from MIT Media Lab, the company has developed an AI-powered platform that generates photorealistic 3D objects and 2D images for virtual environments such as gaming and augmented reality. Glasswing was introduced to the team by its exclusive advisor, a renowned scientist and co-founder of the MIT Media Lab. A leading Silicon Valley firm later backed the investment.
Important Disclosure: This document does not constitute an offer to sell or a solicitation of an offer to purchase any security or investment product. Any such offer may only be made by means of delivery of an approved prospectus or confidential offering memorandum that has been prepared by the sponsor of the investment. Sequoia Capital, Fifth Down Capital, and Glasswing Ventures are independent venture capital firms with no affiliation with Ballentine Partners. The investments discussed above were made independent of Ballentine Partners and discussed here for informational purposes only and are not necessarily indicative of future investments. As of the date of this report, the investments are unrealized. Any investment opportunity discussed herein involves considerable risks. The investment could fail completely, resulting in total loss of your investment capital. Those risks are discussed in detail in the private placement memorandum, prospectus, or other offering documents that are associated with this investment. You should obtain a copy of the private placement memorandum, prospectus, or other offering documents and read them before making any investment.
A MORE ENRICHING PATH
Tax Alpha vs. Investment Alpha
Pete Chiappinelli, CFA, CAIA, Partner & Chief Investment Officer
For Family Office and High Net Worth investors, the pursuit of traditional investment alpha (outperforming an index through superior stock selection) has been a challenging one for decades for a host of structural and behavioral reasons. Investment alpha has proven to be elusive, expensive, non-persistent, and nearly impossible to identify consistent providers of it in advance. All these statements hold true for pre-tax returns. After-tax returns of active managers are unsurprisingly worse. Tax alpha, in contrast - the outperformance of an index on an after- tax basis through active tax management - appears to be more readily available, less expensive to acquire, and not dependent upon elite or rare skills.
By focusing on after-tax alpha, we align our approach with the realities and needs of Family Office clients. They are uniquely challenged. They currently suffer from a much more onerous tax drag on returns –Federal, State, and Estate – and the future holds little to no reprieve on this front. But the evidence is quite conclusive that traditional approaches have not worked. So, it is time to consider a new path, a path with a robust and proven analytical framework and much higher odds of success. Tax alpha may lack some of the intrigue of finding the world’s next great stock-picker, but we believe it is achievable, sustainable, and in the end, more enriching.
Download the full white paper here.
A CULTURE BUILT ON MENTORSHIP
For decades, the founder of Ballentine Partners, Roy Ballentine, has placed an abundance of time, energy, and passion into mentoring junior employees of the company. Roy had many successful, informal mentor-mentee relationships during this time. This format works best for the employees who take the initiative to foster relationships and take advantage of the opportunity.
He empowered a group of his mentees, the now-senior members of our firm, to continue the good work by mentoring the next generation of employees. In our new hybrid work environment, and with many new employees, we are working diligently to establish an organized mentorship program. We will use Roy’s approach as a base for our program in hopes that we can recreate the success that he had.
The objectives of our firm’s mentoring program are as follows:
1. Create an intentional relationship between two Ballentine Partners employees to help with professional and personal development for both mentor and mentee.
2. Enhance employee retention and inclusion by implementing a program that aligns with the underlying values of our culture.
3. Encourage knowledge sharing between employee pairings.
The firm will celebrate its founder and culture of mentorship by granting a colleague the Roy Ballentine Mentorship Award. This annual award will recognize those who have assisted one or more individuals to reach their goals, provided positive guidance to a group, and/or provided mentoring opportunities for others by creating an environment that fosters and encourages such relationships with a positive outcome.
CELEBRATING FOUR DECADES
BALLENTINE PARTNERS: A STORY OF PURPOSE, PEOPLE, AND PROGRESS
At Ballentine Partners, the story begins — as all great ones do — with a moment of clarity. For our CEO, Drew McMorrow, that moment came in the aftermath of 9/11, standing in an evacuated airport parking lot, asking an important question: “What am I doing with my life?” From that reflection emerged a profound realization: success shouldn’t be impersonal. It should be deeply connected — to people, to values, and to purpose.
This realization led to a dramatic career shift, away from traditional consulting and toward something far more meaningful — a place where advice was not just about outcomes, but about relationships. That place was Ballentine Partners.
A Firm Built on Intention and Integrity
Founded by Roy Ballentine in 1984, Ballentine Partners began as a bold experiment: a firm that rejected the conventional financial industry’s obsession with profit maximization and selling products. Our foundation was revolutionary: act as a fiduciary, putting the clients’ needs first — always — and committing to solving every challenge, no matter how complex or unconventional.
Despite our humble beginnings, the mission was powerful — to make a difference in people’s lives. As we’ve grown from a handful of people to an industry-leading wealth management firm with over 130 employees, that mission has remained the heartbeat of everything we do.
A Decidedly Human Approach®
What sets Ballentine Partners apart isn’t just our technical expertise — it’s our philosophy. We understand that financial advising is not a mechanical process; it’s human. Every client is different. Every family is unique. Our role is to guide, to interpret, and to connect.
Our decidedly human approach acknowledges that the most intricate problems we solve are not found on spreadsheets — they lie in the emotional, interpersonal, and aspirational layers of our clients’ lives. Whether it’s navigating family dynamics, preparing for multigenerational transitions, or helping someone articulate a goal for their family, we focus on people first. Services are not just delivered — they are experienced.
Culture: Purposeful, Passionate, and Personal
At Ballentine Partners, culture is more than perks and platitudes. It’s the daily practice of authenticity, collaboration, and balance. Our team isn’t expected to be superhuman — they’re expected to be real.
Many of us are endurance athletes, artists, chefs, parents — and we bring those passions into our work. From running or swimming laps in the early morning to preparing meals for their friends and family on the weekend, our team members embody the kind of balanced life we encourage our clients to live. After all, how can we advise others to live with purpose and joy if we don’t do the same ourselves?
Leadership Rooted in Legacy and Innovation
Our current CEO wasn’t always a firm leader. He started from an entry-level position, driven by a belief in the company’s values. When asked to step into leadership, it wasn’t ambition that led him to say yes — it was conviction. Could a business designed to always put the client first truly succeed in the modern world? The answer has been a resounding yes.
Under his guidance, Ballentine Partners has grown exponentially, not through acquisitions or gimmicks, but through trust, excellence, and a commitment to continuity — reflecting the very families we serve. Our goal is not to disrupt, but to endure. We’re not building a firm to sell it; we’re building a legacy that lasts.
Preparing for Tomorrow, Today
The world is changing — fast. From artificial intelligence to geopolitical uncertainty, the challenges facing our clients are evolving. But our commitment is unwavering: to help families achieve peace of mind and clarity amidst complexity.
We believe the future of advice requires both technical fluency and emotional intelligence. Clients will need someone who not only understands emerging tools but can also be a human advocate in an increasingly digital world. Our advisors will continue to lead with empathy, adaptability, and integrity — just as we always have.
A Tribute to Mentorship and Meaning
We are a firm that believes in mentorship. Every advisor at Ballentine comes up through apprenticeship — learning not just the numbers, but the nuance.
“You might think this is all about money. But it’s really just about relationships.”
– Roy Ballentine
That’s the essence of Ballentine Partners.
A place where the work matters because people matter.
Where trust is built step-by-step.
Where process and passion go hand-in-hand.
And where being human isn’t a liability — it’s our greatest asset.
COMMEMORATING OUR FOUNDING THROUGH FILM
At Ballentine Partners, we believe that important milestones deserve to be celebrated in a meaningful way. When the idea of creating a video to commemorate our 40th anniversary took shape, it quickly transformed into a full-fledged production, resulting in a film that captures the essence of who we are.
Watch the film here.
Illustration by John Turner, Flannel, Inc.
Inspired by our rich history and guided by the talented team at Flannel, Inc., led by Creative Director John Turner, we embarked on a journey to tell our story authentically. The film intricately weaves together the origin and history of Ballentine Partners, featuring our founder Roy Ballentine’s insights along with rich documentation that pays homage to our roots. It highlights our core values, articulating the culture that has defined us for the past four decades and will continue to shape our future. Through heartfelt interviews with our team, we aimed to go beyond the conventional “talking heads” corporate video format, capturing the genuine spirit of our employees both in and out of the office. The addition of the “human approach b-roll” allows us to present a well-rounded view of our team, appealing to prospective clients and future employees alike.
Part 1: The Hypothesis
Roy Ballentine shares the vision that led to the founding of what is now Ballentine Partners. When it came to family wealth advice that was both integrated and independent, he couldn’t find what he was looking for, so he built it.
Part 2: Do the Right Thing
Dives into our firm’s culture rooted in independence, authenticity, meaningful connections with our colleagues, and service to our clients.
Part 3: A Decidedly Human Approach®
Delves into our approach to managing wealth. Ballentine Partners is committed to the success of both our clients’ financial outcome and their human outcome. We believe that wealth management isn’t just about numbers—it’s about fostering meaningful relationships and empowering individuals to thrive.
SUPPORTING GROWTH AND CULTURE: A HUMAN RESOURCES
PERSPECTIVE ON 40 YEARS AT BALLENTINE PARTNERS
Historical Context and Beginnings
Ballentine Partners began its journey in 1984 in a highly personal setting—Roy Ballentine’s home in Wolfeboro, New Hampshire. From the outset, our staffing reflected this close-knit, client-focused ethos. The core team in those early days was small but mighty, concentrating on wealth planning, new business development, and consulting roles to provide personalized support to our clients.
Administrative support was essential from the beginning, and as the firm evolved, so did our operational needs. Later, IT support became a critical piece, and we expanded further into investing, enhancing our services through operational efficiencies and embracing technology.
Our physical spaces mirrored our growth. From Roy’s home, we moved to Mill Street, Wolfeboro, in 1999, our first formal office space. Each office location— our Headquarters in Waltham, MA, our expansion to Palm Beach Gardens, FL, an upgraded space in downtown Wolfeboro, NH, and our Rochester, NH office—marked tangible steps in our journey. Today, our offices serve not just as workplaces, but as homes for our culture.
Milestones in Employee Growth
Key milestones in our staffing story reflect both intentional growth and organic scaling driven by our success and the evolving needs of our clients.
In the early 2000s, Drew McMorrow, Kyle Schaffer, Jayson DeAngelis, Barry Tubman, Coventry Edwards-Pitt, Adam Ochlis, and Will Tickle joined the firm to advise our largest client relationships as well as the strategic direction of the firm’s operations and growth plans.
Soon after, in 2006, the firm employed wealth psychology to better understand and meet our clients’ needs and supported a decade-long research initiative on family well-being led by Coventry “Covie” Edwards-Pitt.
A pivotal moment came in 2011, when Drew was promoted to President, followed by Covie stepping into the Chief Wealth Advisory Officer role in 2012. These leadership shifts signaled our need to scale the business thoughtfully. It was during this time that Brie Elliott, our Head of Human Resources, joined the firm, alongside other strategic hires such as Will Braman as CIO. These additions brought a new dimension of professionalization to our team.
We are proud to have published our first book in 2013. Raised Healthy, Wealthy & Wise, the first of a three-book series that highlights success stories of how individuals have reconciled their financial abundance with the values and relationships that matter most in their lives. Book two, Aged Healthy, Wealthy & Wise (2017), and book three, Engaged Healthy, Wealthy & Wise (2023) completed the collection.
Our growth continued steadily:
2014: Jeff Potter transitioned from Senior Client Advisor to CFO by 2021, succeeding Claudia Shilo.
2015: Chris C. Chandler and Jennifer M. Eaton joined as new Partners of the firm to lead the opening of our Palm Beach Gardens, Florida office, and added to our leadership team with significant experience in investing and wealth advisory services, respectively.
2016: Drew McMorrow became CEO, setting a clear path forward.
2019: Jennifer Christian Murtie joined the firm, eventually succeeding our first Partner, Tom Bullitt, as Head of our High Net Worth Practice, which was launched in 2007.
2020: Ballentine Partners-managed funds were launched under the leadership of Elisa Gruber Lustig, enhancing our private investment offerings.
2021: Jayson DeAngelis was named Chief Development Officer, Barry Tubman as Chief Operating Officer, and Adam Ochlis succeeded Coventry Edwards-Pitt as the firm’s Chief Wealth Advisory Officer.
2023: Christopher C. Chandler and Pete Chiappinelli were named Co-Chief Investment Officers, succeeding Will Braman, CIO, and Bruce Simon, Director of Research.
2023: Completed a corporate rebrand and enhanced marketing focus.
2023: Became a B Corp.
Healthy, Wealthy & Wise Collection
2024: Codified our research with the founding of The Ballentine Partners Center for Family WellBeing, led by Coventry Edwards-Pitt and Alexys Febonio.
2024: Celebrated our 40th anniversary and the retirement of our founder, Roy Ballentine.
2024: Sean Cleary joins the firm as Chief Risk & Compliance Officer
2025: Appointed Jennifer Christian Murtie as Chief Wealth Advisory Officer to succeed Adam Ochlis.
Through these phases, our headcount saw significant growth, crossing thresholds like fifty, then one hundred, and continuing upward. Each surge reflected a mix of sustainable hiring, driven by our rapid success, and strategic hiring, ensuring we brought in the right senior talent as scaling became more complex.
Culture and Workforce Strategy Over Time
Even as we grew, our culture remained steadfast. The values instilled by Roy—integrity, trust, collegiality, and a human approach—have been purposefully protected. We’ve chosen independence over M&A opportunities, allowing us to stay true to who we are and what we represent.
We’ve reinforced this ethos through initiatives like:
• A strong mentorship culture
• Wellness programs supporting both professional and personal well-being
• A robust Leadership Academy to cultivate future leaders
• Regular employee engagement surveys, where we listen actively and take purposeful action. We recognize the power of just listening. When issues arise, we don’t ignore them; we engage, explain, and evolve in ways that serve both our people and our clients.
Capturing the Essence of Our Growth
At the heart of Ballentine Partners is a culture of curiosity, where differences in opinion and perspective are valued, contributing to a productive and engaged team. We’ve built a firm that doesn’t just serve client families, we take care of our employees and their families, too.
Whether facing market volatility or internal challenges, we lead with humanity, ensuring our offices feel like homes and our actions reflect our values. Our growth isn’t just in numbers—it’s in staying true to who we are while embracing the future with integrity and purpose.
WHY BALLENTINE PARTNERS? INSIGHTS FROM RECENT EXPERIENCED HIRES.
“Before going through the interview process, I knew Ballentine Partners was different. Over the years, I have met several employees at events around the city of Boston. It was obvious in every conversation that Ballentine Partners was a great place to work – a place where women thrive in leadership roles, employees are promoted from within, and a culture that makes people want to stay long-term.
Being independently owned and not solely focused on investments, already set Ballentine Partners apart from my previous employers, but on top of that, they take it a step further and provide clients with resources to deal with life’s challenges. Ballentine Partners builds client teams that can tackle financial and family issues. The human approach is real here. It’s real in how we interact with prospective relationships, but also in how we take care of each other and our clients. There is no doubt in my mind that choosing a firm that invests in its people is the right choice, every single time.”
Alanna Paiva Robinson, CFP® Senior Client Advisor
“I joined Ballentine Partners for reasons beyond working with a compelling client base - I joined because I knew I would learn from some of the best and brightest in the industry, in an environment that would allow me to be my full self, and grow meaningfully, both professionally and personally. Ballentine Partners also cares deeply for their clients and seeks to be an extension of their clients’ family ecosystems. These are values that I share and did not want to compromise when choosing an employer.”
John Brody Wealth Planner
CELEBRATING OUR EMPLOYEES
We are pleased to recognize a group of employees who contributed to our recent success.
Service Anniversaries
The following members of our team have recently celebrated career milestones.
5 Years: Elisa Gruber Lustig, Elliot Rotstein, Sean Edwards, Alexa Carbone, Keenan Henriques, Theresa Jordan, Jon Lustig, Reid Monk, Jennifer Christian Murtie, Courtney Pomponio-Davis, Evan Soraci
10 Years: Rachel Gilmore, Steven Goldman, Jennifer Gaughan, Jennifer LaPointe, Jeff Potter
15 Years: Janie Doherty, Shannon Tibbetts, Stephanie Weitzman, Morgan Williams
20 Years: Stephen Martone, Susan Stevens, Coventry Edwards-Pitt, Sam Gough, Edie Miller
25 Years: Jackie Finneron
40 Years: Roy C. Ballentine
Ballentine Partners Team Awards
Alexys Febonio received the Client Comes First Award, recognizing her great acts of client service.
Sam Gough received the Ambassador Award recognizing contributions to the reputation of the firm’s brand in writing and external speaking engagements.
Gordon Freeman received the Financial Genius Award recognizing brilliance in investment acumen.
Courtney Scott received the Navigation Award in recognition of helping a client through a difficult time.
Stephanie Weitzman received the Community Leadership Award, recognizing the impact she has made in making the world a better place.
Stephen Martone received the Mentorship Award, in recognition of his exceptional guidance and commitment to developing others.
Senior Leadership Updates
Ben Daly was named Partner in March 2025.
Jennifer Christian Murtie was promoted to Chief Wealth Advisory Officer in January 2025.
Sam Gough was named Principal of the firm in January 2025.
Brie Elliott was named Principal of the firm in April 2025.
Will Braman retired in June 2024 and is now a Partner Emeritus.
Bruce D. Simon retired in June 2025 and is now a Partner Emeritus.
Professional Designations
Our colleagues are committed to continuous learning. The following individuals have recently earned professional designations regarded in the family wealth industry.
Two colleagues earned their Chartered Alternative Investment Analyst Association (CAIA) Level II designation. Congratulations, Reid Monk, CFA, CAIA, CFP®, and Ryan Bachur, CFA, CAIA
Tim Kobler, CFA®, earned his Chartered Financial Analyst ® (CFA ®) designation. Congratulations, Tim.
Four colleagues earned their CERTIFIED FINANCIAL PLANNER® designation over the last year. Congratulations, Alisa Foster, CFP®, Jonathan Radford, CFP®, and Janet Watson Schwartz, CFP®.
Our colleague David Ferraro, Jr., MBA, CFP® graduated from Bentley University’s McCallum Graduate School of Business, earning his MBA.
Is Your Financial Planner a CFP® Professional?
Ballentine Partners is proud to sponsor the annual CFP Board Connections Summit, where we welcomed over 450 visitors to its virtual career fair this past fall. Ballentine Partners’ Sheila Chen Lawrence, MALD, CFP®, CAP, also serves on the CFP Board’s Women’s Initiative Council.
We also support the CFP Board’s vision to ensure that every American has access to competent and ethical financial planning advice. To help this vision become a reality, we established a scholarship paired with mentorship from one of our 35 CERTIFIED FINANCIAL PLANNER® practitioner colleagues pictured here. We are pleased to have granted sixteen scholarships and complimenting mentorships to qualified students seeking to complete the education coursework at a CFP Board Registered Program that qualifies the student to sit for the CFP® exam.
Drew McMorrow
Elizabeth Campana
Benjamin Daly Jayson DeAngelis
Andrea Dubuc
Emily Dunford
Suellen Durkin
Sean Edwards Coventry Edwards-Pitt
David Ferraro
Alisa Foster Peter Gnall
Samuel Gough
David Hanson
Megan Havey
Keenan Henriques Lisa Lamb
Tyler Lambert
Sheila Lawrence
Heather Long
Jonathan Lustig Stephen Martone
Ryan McManus Juan Mejia
Reid Monk
Janie Monroe
Jonathan Radford
Alanna Robinson
Janet Schwartz
Evan Soraci
Michelle Soufan
Meghan Sullivan
Debra Whitney
BALLENTINE PARTNERS REMAINS AN INDUSTRY LEADER, DRIVEN BY CURIOSITY AND A COMMITMENT TO CONTINUOUS LEARNING.
Our continued success is driven by a team of deeply committed professionals who are focused on emerging trends and evolving best practices. Over the past year, several of our colleagues have been featured speakers at prominent industry forums hosted by leading family wealth organizations—an acknowledgment of our firm’s expertise and influence. These opportunities allow us not only to contribute to important industry conversations but, more importantly, to bring timely, strategic insights back to our clients.
Pete Chiappinelli, CFA, CAIA
• Global Arc Boston
• Massachusetts RIA Summit
• Markets Group America
• The NYC Active Exchange 2025, hosted by Titan Investors
Michael Chimento, CFA
• Private Wealth New England Forum
Jennifer Christian Murtie, MBA
• UHNW Institute Women’s Leadership Summit
Coventry Edwards - Pitt, CFA, CFP®
• Columbia Business School Global Family Enterprise Program: PRISM Leadership Series
• Institute for Private Investors (IPI)
Elisa Gruber Lustig, MBA
• Institute for Private Investors (IPI)
Sheila Lawrence, MALD, CFP®, CAP
• CFP Board Connections Conference
Alexa Steriti Carbone, MBA
• Massachusetts RIA Summit
FROM SILOS TO SYNERGY: AN INVESTOR FOCUS ON COMMUNITY
Over the past 12 months, the values-aligned investing landscape has experienced notable shifts, influenced by evolving market dynamics, regulatory changes, and heightened scrutiny.
Concurrently, over the same 12 months, values-aligned investing has seen an increasing emphasis on community building and collaboration, particularly among women investors and fund managers. A prominent trend across forums such as the With Intelligence Women’s Venture Capital Summit, Invest for Better, and the Invest in Women Symposium was the cultivation of strong support networks among female investors, including members of our Impact Investing team, who served as panelists at several of these industry forums.
These networks aim to channel capital into underfunded and high-potential sectors, fostering innovation in areas like women’s health, employee ownership transitions, and technologies to alleviate financial burdens for all. Rather than operating in silos, investors and fund managers are embracing a more integrated, community-driven approach—working together to uncover the full spectrum of investment opportunities. This shift has led to a vibrant ecosystem where limited partners (LPs) and general partners (GPs) interact more frequently in person, deepening relationships and driving capital toward impactful ventures and focused on global challenges.
Another critical development has been the rise of underrepresented investors and the corresponding growth of capital being directed into niche and emerging managers. This helps to address systemic gaps where traditional capital sources and funding have receded, uncovering opportunities for investors. Forums like Confluence Philanthropy and Impax Asset Management’s engagements highlight a dual objective: achieving measurable social impact while pursuing long-term returns. Innovative investment themes include employee ownership—an approach that fosters wealth creation among workers. Additionally, values-aligned investors are targeting technological solutions for life transitions, such as affordable divorce platforms, criminal record expungement tools, and estate settlement tracking systems. These ventures reflect a broader trend: using private capital to fill market voids and continuing to commit capital during challenging periods to maintain momentum in impact-driven innovation.
Ballentine Partners at the Women’s Venture Capital Summit, photo courtesy of With Intelligence
A DECIDEDLY HUMAN APPROACH®
We are pleased to support the following organizations within the communities we serve through The Ballentine Partners Donor Advised Fund and through our employee gift matching program.
Anti-Defamation League
Arctic Fox Daily Wildlife Rescue
Breakthrough T1D
CASA New Hampshire
Dana Farber
Foundation for Financial Planning
Fuqua School of Business Annual Fund
Gann Academy
Greentown Collaborative
Global Financial Planning Institute
GreenRoots
Greentown Collaborative
Hadassah
Heading Home
Hingham Historical Society
Impact the Palm Beaches
Invest for Bettera
JDRF
Jewish National Fund - Keren
Kayemeth LeIsrael
Jump$tart Coalition
Legacy Global Programs
Lexington Community Farm
MA Black Women Attorneys
Make-A-Wish Foundation MA and RI
Mansfield Animal Shelter
Martinsville - Henry County SPCA
Mary & John Elliot Charitable Foundation
MS Foundation
NAMI Palm Beach County
Network of Engaged
International Donors
New England Lab Rescue
Pan Mass Challenge
Place of Hope
Plymouth Area
Community Closet
Pollinator Pathway
Prison Book Program
Project Wren
Sanborn Elementary Fun Run
Sinai Special Needs Institute
St. Jude Children’s Research Hospital®
Storybook School
Sunflower of Peace
Temple Israel Portsmouth
The Children’s Center of Wolfeboro, NH
The Circle Project
The Home for Little Wanderers, Inc.
The Livestock Institute of Southern New England
The Martin Richard Foundation
The Nick Recreation Park
The PMC
The Scholarship for Concord and Carlisle
Tomten Farm and Sanctuary
Tower Life Center
Women’s Money Matters
Women’s Foundation of Boston
Youth With a Mission San Diego-Baja
CONGRATULATIONS
Weddings & Engagements
• Senior Client Advisor Courtney Scott and her partner, James, were married in June 2024.
• Wealth Advisor Evan Soraci and his partner, Cassie, were married in April 2025.
• Wealth Planning Associate Jonathan Radford and his partner, Meg, were engaged in July 2024.
• Wealth Planning Associate Jamar Gopie and his partner, Teresa, were engaged in August 2024.
• Wealth Planning Associate Ivan Caballero and his partner, Emily, were engaged in March 2025.
• Wealth Planner Jamie Zoldy and her partner, Paige, were engaged in May 2025.
Baby News
• Senior Client Advisor David Ferraro and his wife, Jen, welcomed their daughter, Lucy June on June 29, 2024
• Senior Research Manager David Hanson and his wife, Dayna, welcomed their daughter, Elizabeth Grace, on January 8, 2025, joining big sisters Penelope and Olivia.
• Senior Client Advisor Tyler Lambert and his wife, Paige, welcomed their son, Hayes Laurence, on April 23, 2025, joining big brothers Brayden and Levi.
• Research Manager Andrew Hacker and his wife, Allison, welcomed their son, Miles Douglas, on May 11, 2025, joining big brother Denton.
• Senior Client Advisor Liz Campana and her husband, Bill, welcomed their son, William (Liam) Joseph, on May 14, 2025.
• Compliance Administrator Shannon Tibbetts’ first grandchild, Delilah Rain, was born on June 11, 2025.
• Portfolio Operations & Reporting Manager Chris Pawlowski and his wife, Dawn, are expecting a baby girl in September 2025.
Mr. & Mrs. Soraci
David, Jen & Lucy Ferraro
BEHIND THE SCENES AT BALLENTINE PARTNERS
Company Volunteer Day at Lexington Community Farm - May ‘24
Pride Ice Cream Social in the Waltham office - Jun. ‘24
The Planning Team gathering for pickleball at PKL Boston - Jun. ‘24
The Operations Team building bicycles to donate to kids in needJun. ‘24
Ballentine Partners Hikers atop Mt. Jefferson via Caps Ridge TailAug. ‘24
40th Anniversary of our founding in Wolfeboro, NH - Oct. ‘24
Jess Minty celebrating at the Baystate Marathon finish line with her fans - Oct. ‘24
Ballentine Partners and friends at a New England Revolution game - Oct. ‘24
The Ballentine Partners Ragnar Team before setting out on their 200+ mile adventure - Sep. ‘24
Bringing holiday cheer to children in need with the help of the MSPCC - Dec. ‘24
Rochester’s Volunteer Day at Gerry’s Food PantryNov. ‘24
Pete Chiappinelli at Global ARC Boston - Oct. ‘24
Ralph shows off his holiday sweater in WolfeboroDec. ‘24
Ballentine Partners’ Heckerling Dinner in Orlando, FLJan. ‘25
Ballentine Partners’ Pancake Breakfast benefitting Make-A-Wish Foundation - Dec. ‘24
Ballentine Partners attends the BEPC Holiday PartyDec. ‘24
Jennifer Christian Murtie at the UHNW Institute’s Women’s Summit in West Palm Beach, FL - Apr. ‘25
