The asset management industry in Massachusetts is a hub for firms that manage investments on behalf of clients ranging from individuals to large institutional investors. These companies design strategies to meet varying financial goals and risk profiles, often specializing in equities, fixed income, and alternative investments. As the industry evolves, there is a growing focus on sustainable investing, with firms integrating environmental, social, and governance (ESG) criteria into their strategies. Additionally, advancements in technology are reshaping investment management, enhancing efficiency, and personalizing client services, allowing firms to adapt to the changing economic landscape.

This list features 21 asset management companies located in Massachusetts, with most headquartered in Boston. The firms vary significantly in size, ranging from smaller teams of fewer than 50 employees to large organizations exceeding 2,000. Founded between 1924 and 2013, these companies specialize in a range of services such as wealth management, investment advisory, and sustainable investment strategies, reflecting strong capabilities in portfolio management tailored to different client needs.

Continue reading to explore the top asset management companies in Massachusetts.

Top 21 Asset Management Companies in Massachusetts

1. State Street Global Advisors

• Website: ssga.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 37%, India 34%, United Kingdom (UK) 10%, Other 19%
• Founded year: 1978
• Headcount: 1001-5000
• LinkedIn: state-street-global-advisors

State Street Global Advisors (SSGA), founded in 1978 and based in Boston, Massachusetts, operates as the investment management arm of State Street Corporation. The firm is dedicated to creating and managing investment strategies for a wide array of clients, including governments, corporations, and non-profit organizations. With a workforce of over 2,300 professionals spread across multiple countries, SSGA emphasizes achieving optimal investment outcomes. The firm is recognized for its pioneering role in the exchange-traded fund (ETF) market, having launched the first U.S. ETF. SSGA's product offerings include a range of index and active strategies, catering to both institutional and individual investors. Their commitment to innovation and client service has solidified their reputation in the asset management industry.

2. Wellington Management

• Website: wellington.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 70%, United Kingdom (UK) 16%, Hong Kong S.A.R 4%, Other 10%
• Founded year: 1933
• Headcount: 1001-5000
• LinkedIn: wellington-management

Wellington Management Company, based in Boston, Massachusetts, is an investment management firm that has been active since 1933. The firm provides a wide array of investment solutions, including equity, fixed income, multi-asset, alternatives, and private investing. With a workforce of approximately 3,600 employees, Wellington has a significant presence in key financial markets, including the United States, the United Kingdom, and Asia. The firm is committed to delivering expert investment strategies tailored to the needs of over 2,200 institutional clients worldwide. Wellington Management emphasizes sustainable investing, integrating environmental, social, and governance (ESG) factors into their investment processes. Their approach combines deep research capabilities with a collaborative culture, allowing investment professionals to leverage insights across various asset classes. This commitment to sustainability and innovation positions Wellington as a relevant player in the asset management industry.

3. Cambridge Associates

• Website: cambridgeassociates.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 81%, United Kingdom (UK) 11%, Singapore 4%, Other 4%
• Latest funding: May 2018
• Founded year: 1973
• Headcount: 1001-5000
• LinkedIn: cambridge-associates

Cambridge Associates LLC is an investment management firm based in Boston, Massachusetts, established in 1973. The company specializes in providing portfolio management and advisory services tailored to the needs of institutional investors, private clients, and family offices. With a workforce of approximately 1,855 employees, Cambridge Associates focuses on constructing custom investment portfolios that span various asset classes, aiming to help clients achieve their financial goals. The firm is known for its commitment to investment outperformance and leverages its extensive experience and global network to support its clients. Their services include discretionary investment management, advisory solutions, and expertise in private equity, venture capital, hedge funds, and sustainable investing. Cambridge Associates has also expanded its offerings through strategic acquisitions, enhancing its capabilities in alternative investments. Their approach is characterized by a personalized touch, ensuring that clients are at the center of their investment strategies.

4. Eaton Vance

• Website: eatonvance.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 96%, United Kingdom (UK) 3%, Other 1%
• Latest funding: $7.0B, October 2020
• Founded year: 1924
• Headcount: 501-1000
• LinkedIn: eaton-vance

Eaton Vance Corp., based in Boston, Massachusetts, is an investment management firm that has been operating since 1924. The company specializes in providing a variety of investment products and services, including mutual funds, closed-end funds, and wealth management solutions. Eaton Vance serves a broad clientele, including individual investors, institutions, and financial professionals, helping them manage their assets effectively to achieve their financial goals. The firm is known for its focus on tax-managed investing and sustainable investment strategies, which align with the growing demand for responsible investing. In 2020, Eaton Vance secured a substantial funding amount of $7 billion, indicating strong investor confidence in its business model and growth potential. As part of Morgan Stanley Investment Management, Eaton Vance benefits from enhanced resources and expertise, further solidifying its position in the asset management sector.

5. Aew

• Website: aew.com
• Ownership type: Corporate
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: France 36%, United States (USA) 35%, Germany 10%, Other 20%
• Latest funding: September 2024
• Founded year: 1981
• Headcount: 501-1000
• LinkedIn: aew-global

AEW is a Boston-based real estate investment management firm founded in 1981. The company specializes in managing assets for institutional investors, offering a range of investment strategies that include core, core plus, opportunistic, and real estate securities strategies. With a global footprint, AEW operates in North America, Europe, and Asia Pacific, managing approximately $84.4 billion in assets across various property types. The firm prides itself on its research-driven approach, integrating economic insights into its investment decision-making process. AEW has built a reputation for its commitment to risk management and fiduciary responsibility, ensuring that it meets the long-term investment objectives of its clients. The company has expanded its operations over the years, opening offices in key markets and continuously evolving its investment strategies to address emerging trends in real estate.

6. Natixis Investment Managers

• Website: im.natixis.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 39%, France 39%, United Kingdom (UK) 8%, Other 15%
• Founded year: 2007
• Headcount: 201-500
• LinkedIn: natixis-investment-managers

Natixis Investment Managers, headquartered in Boston, Massachusetts, is an investment management firm that offers tailored investment solutions and portfolio management services. Established in 2007, the firm serves a broad clientele, including institutional investors and financial advisors, helping them navigate complex financial markets. With a workforce of approximately 1,867 employees, the company operates globally, with significant presence in the United States, France, and the United Kingdom. Natixis Investment Managers is known for its expertise across various asset classes, including alternatives, equities, fixed income, and sustainable investing. The firm is also recognized for its commitment to diversity, equity, and inclusion within the investment industry. As of the end of 2022, it was ranked as the 17th largest asset manager worldwide, underscoring its relevance and influence in the asset management sector.

7. Loomis, Sayles & Company

• Website: loomissayles.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 93%, United Kingdom (UK) 3%, Other 4%
• Founded year: 1926
• Headcount: 501-1000
• LinkedIn: loomis-sayles-%26-company

Loomis, Sayles & Company is an investment management firm based in Boston, Massachusetts, founded in 1926. The firm specializes in providing managed account solutions, equity strategies, and fixed income services. With a workforce of approximately 1,075 employees, Loomis Sayles serves a range of clients, including financial advisors and institutional investors. The firm is known for its active management approach, which emphasizes deep fundamental research and integrated risk analytics. As of June 30, 2024, Loomis Sayles manages over $39.5 billion in managed account assets, showcasing its significant role in the investment management sector. The firm offers a variety of strategies, including growth equity, small/mid-cap equity, and custom income solutions, tailored to meet the unique needs of its clients. Their commitment to personalized service and a thorough understanding of client objectives further solidifies their position in the industry.

8. Nepc, LLC

• Website: nepc.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 97%, Other 3%
• Latest funding: October 2024
• Founded year: 1986
• Headcount: 201-500
• LinkedIn: nepc

NEPC, LLC is an independent investment consulting firm based in Boston, Massachusetts, founded in 1986. The firm specializes in providing a variety of investment consulting services, including advisory solutions, Outsourced Chief Investment Officer (OCIO) services, and sustainable investment strategies. NEPC serves a broad clientele, which includes endowments, foundations, public funds, and healthcare organizations, helping them manage their investments effectively and achieve long-term financial goals. With over 360 employees, NEPC prides itself on its research-driven approach and commitment to client success. The firm oversees approximately $1.7 trillion in assets under advisement, reflecting its significant role in the investment consulting industry. NEPC is also dedicated to promoting diversity and inclusion within its workforce and investment strategies, further enhancing its relevance in today's investment landscape.

9. The Baupost Group

• Website: baupost.com
• Ownership type: Family Owned
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1982
• Headcount: 201-500
• LinkedIn: the-baupost-group

The Baupost Group is an investment management firm based in Boston, Massachusetts, founded in 1982. It specializes in long-term, value-oriented investing, primarily serving families, foundations, and endowments. The firm manages a variety of assets, including publicly traded securities, private equity, and real estate investments. Under the leadership of CEO Seth Klarman, who has been with the firm since its inception, Baupost has developed a reputation for rigorous fundamental analysis and a disciplined investment approach. The firm prioritizes risk management, aiming to protect and grow clients' wealth across generations. With a team of skilled investment partners and analysts, Baupost is dedicated to excellence and continuous improvement in its operations. The firm also engages in community support initiatives, reflecting its commitment to being a responsible corporate citizen.

10. Adage Capital Management

• Website: adagecapital.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: adage-capital-management

Adage Capital Management, L.P. is an investment management firm based in Boston, Massachusetts, founded in 2001. The firm specializes in providing asset management and advisory services to a select group of clients and limited partners. With a dedicated team of professionals, Adage focuses on optimizing investment performance to help clients achieve their financial objectives. The firm operates exclusively for its clients, emphasizing a personalized approach to investment management. While it has not reported any funding, its private ownership and established presence in the industry suggest a stable operational framework. Adage Capital Management is committed to maintaining high standards of service and performance, making it a noteworthy player in the asset management space.

11. Gmo

• Website: gmo.com
• Ownership type: Corporate
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 81%, United Kingdom (UK) 7%, Singapore 4%, Other 8%
• Latest funding: October 2022
• Founded year: 1977
• Headcount: 201-500
• LinkedIn: gmo

GMO LLC, founded in 1977 and headquartered in Boston, Massachusetts, is an investment management firm that provides tailored investment strategies and asset management services. The firm serves a range of clients, including institutions, family offices, and wealth managers. GMO is known for its innovative approach, leveraging expertise in various investment strategies such as equities, fixed income, and alternatives. The firm has developed a reputation for its research-driven insights, offering products like mutual funds, private funds, and ETFs. GMO also emphasizes ESG investing, with strategies focused on climate change and sustainable practices, reflecting a commitment to addressing contemporary investment challenges. With a workforce of over 1,000 employees, GMO continues to adapt to the evolving financial landscape, maintaining its relevance in the asset management industry.

12. SLC Management

• Website: slcmanagement.com
• Ownership type: Private
• Headquarters: Wellesley, Massachusetts, United States (USA)
• Employee distribution: Canada 59%, United States (USA) 40%, Other 1%
• Founded year: 2013
• Headcount: 501-1000
• LinkedIn: s-l-c-management

SLC Management is an investment management firm based in Wellesley, Massachusetts, specializing in asset management solutions tailored for institutional investors. Founded in 2013, the company operates under the umbrella of Sun Life Financial Inc. and has grown to manage approximately $276 billion in assets. SLC Management offers a range of services, including public fixed income, private credit, real estate, and infrastructure investments. The firm is particularly adept at addressing the needs of insurance companies and pension funds, helping them navigate the complexities of the investment landscape. With a workforce of around 504 employees, SLC Management has a significant presence in both the United States and Canada, with a majority of its employees based in Canada. The firm is committed to delivering innovative investment strategies and insights to its clients, ensuring they meet their long-term financial objectives.

13. Boston Trust Walden Company

• Website: bostontrustwalden.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1974
• Headcount: 51-200
• LinkedIn: boston-trust-walden

Boston Trust Walden Company is an independent investment management firm based in Boston, Massachusetts, established in 1974. The company specializes in institutional investment management, private wealth services, and impact investing, catering to a range of clients including individuals, families, endowments, foundations, and corporate plans. With a strong emphasis on socially responsible investing, Boston Trust Walden has been at the forefront of integrating ESG factors into their investment strategies for nearly five decades. They utilize active ownership to engage with companies on issues such as climate risk and governance, aiming to enhance both financial performance and social impact. The firm is also recognized for its commitment to transparency and collaboration with clients, ensuring that investment strategies align with their values and financial goals. As a 100% employee-owned firm, Boston Trust Walden fosters a culture of accountability and long-term thinking, which is reflected in their disciplined investment approach and client relationships.

14. AlphaSimplex Group

• Website: alphasimplex.com
• Ownership type: Corporate
• Headquarters: Cambridge, Massachusetts, United States (USA)
• Latest funding: September 2007
• Founded year: 1999
• Headcount: 11-50
• LinkedIn: alpha-simplex

AlphaSimplex Group, LLC is an investment management firm based in Cambridge, Massachusetts, established in 1999. The firm specializes in quantitative and systematic alternative investment strategies, primarily serving institutional investors and financial advisors. AlphaSimplex is known for its innovative approach to navigating market volatility, employing proprietary risk management mechanisms that adapt to changing market conditions. Their investment philosophy is rooted in the Adaptive Markets Hypothesis, which informs their strategies and emphasizes the need for continuous adaptation in response to market behavior. As a registered investment adviser with the SEC and a commodity pool operator with the CFTC, AlphaSimplex operates within a regulated framework, ensuring compliance and transparency in its investment practices. The firm is also a signatory of the UN Principles for Responsible Investment, reflecting its commitment to responsible investing practices. With a team of experienced professionals, AlphaSimplex continues to contribute to the asset management industry through research and tailored investment solutions.

15. Granite Point Capital

• Website: granitepoint.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2005
• Headcount: 1-10
• LinkedIn: granite-point-capital

Granite Point Capital is an investment management firm based in Boston, Massachusetts, established in 2005. The firm specializes in providing asset management services tailored to the needs of individuals and organizations. With a small team of around 15 employees, Granite Point Capital focuses on delivering personalized investment strategies and solutions. The firm operates solely within the United States, emphasizing its commitment to serving its domestic clientele. While there is no record of external funding, the firm’s sustained operation since its founding indicates a stable presence in the asset management sector. Granite Point Capital's approach is centered on effective investment management, aiming to help clients navigate the complexities of their financial portfolios.

16. Northeast Retirement Services

• Website: nrstpa.com
• Ownership type: Corporate
• Headquarters: Woburn, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $140.0M, May 2016
• Founded year: 1999
• Headcount: 51-200
• LinkedIn: northeast-retirement-services

Northeast Retirement Services, LLC (NRS), founded in 1999 and based in Woburn, Massachusetts, is a financial services company that specializes in institutional services tailored for asset managers and asset owners. As a wholly owned subsidiary of Community Financial System, Inc., NRS administers over $1.4 trillion in assets for more than 650 clients. Their offerings include transfer agency services, fund administration, and fiduciary services, which are critical for managing complex asset management needs. NRS serves a variety of clients, including corporate plans, endowments, foundations, and government entities, providing customized solutions that help clients navigate the intricacies of asset management. Their expertise in ERISA compliance and commitment to client service further solidify their role in the financial services industry.

17. Anchor Capital Advisors LLC

• Website: anchorcapital.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1983
• Headcount: 11-50
• LinkedIn: anchor-capital-advisors

Anchor Capital Advisors LLC, based in Boston, Massachusetts, is an investment management firm that has been operational since 1983. The company specializes in value investing strategies, offering investment management and wealth planning services tailored to institutions, private clients, and financial intermediaries. Their investment philosophy emphasizes downside protection and long-term growth, which is crucial for clients looking to navigate volatile markets. Anchor Capital is known for its rigorous research process, focusing on individual stock selection to uncover intrinsic value. The firm has developed a range of strategies, including All Cap Value, Small Cap Value, and Dividend Income Value, catering to various investment needs. They also maintain a commitment to transparency and client communication, ensuring that clients are well-informed about their investments. With a dedicated team and a history of innovation, Anchor Capital continues to adapt to changing market conditions while striving to meet client objectives.

18. Aureus Asset Management

• Website: aureus-asset.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2005
• Headcount: 11-50
• LinkedIn: aureus-asset-management

Aureus Asset Management is an independent investment and wealth management firm based in Boston, Massachusetts. Founded in 2005 by Karen Firestone and David Scudder, the firm has grown to manage over $5.8 billion in assets across approximately 140 client relationships. Aureus specializes in providing customized financial services to high-net-worth individuals, families, and institutional investors. Their offerings include investment management, financial planning, and asset allocation, all tailored to meet the unique needs of their clients. The firm prides itself on its active management strategy, which is informed by thorough research and a commitment to long-term performance. Aureus emphasizes transparency and personalized service, ensuring clients receive regular updates and insights into their investment portfolios. As a Registered Investment Advisor, Aureus is bound by a fiduciary duty to prioritize the interests of its clients, further solidifying its role in the asset management industry.

19. Abrams Capital

• Website: abramscapital.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1999
• Headcount: 11-50
• LinkedIn: abramscapital

Abrams Capital, founded in 1999 by David Abrams, is a Boston-based investment firm specializing in asset management and investment strategies. The firm adopts a value-oriented approach, focusing on long-term investments across various asset types, including domestic and foreign equity and debt securities, distressed securities, and private investments. With a team of experienced professionals, Abrams Capital aims to optimize financial returns for its clients, which include businesses and organizations. The firm has navigated different market cycles and sectors, demonstrating resilience and adaptability in its investment strategies. Their commitment to a fundamental, unlevered, and long-biased investment philosophy positions them as a notable player in the asset management industry.

20. F.L.Putnam Investment Management Company

• Website: flputnam.com
• Ownership type: Private Equity
• Headquarters: Lynnfield, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: December 2022
• Founded year: 1983
• Headcount: 51-200
• LinkedIn: f-l-putnam-investment-management-company

F.L.Putnam Investment Management Company, based in Lynnfield, Massachusetts, is an investment management and financial advisory firm that has been operational since 1983. The company provides a comprehensive suite of services, including financial planning, investment advisory, and investment management for both individual and institutional clients. With a focus on helping clients manage and grow their wealth, F.L.Putnam employs tailored strategies that align with each client's unique financial goals. The firm also emphasizes sustainable investing, integrating ESG principles into their investment strategies. Their Atrato Consulting division caters to family offices, endowments, and independent wealth managers, showcasing their expertise in complex investment needs. F.L.Putnam is an SEC-registered investment adviser, serving clients across several states, including Maine, Massachusetts, New Hampshire, New York, and Rhode Island. They have received recognition in various industry rankings, further solidifying their reputation in the asset management sector.

21. Shepherd Kaplan Krochuk, LLC

• Website: skk-llc.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 51-200
• LinkedIn: shepherd-kaplan-krochuk

Shepherd Kaplan Krochuk, LLC (SKK) is an investment advisory firm based in Boston, Massachusetts, established in 2001. The company specializes in wealth and asset management, providing customized financial solutions to high net worth individuals, family offices, and institutional clients. With a robust portfolio of over $8.9 billion in assets under management, SKK combines a skilled team of professionals with advanced technology to deliver tailored investment strategies and portfolio management services. Their approach emphasizes transparency and integrity, ensuring clients receive comprehensive support in managing their financial assets. SKK's services include family office solutions, investment research, and a variety of investment strategies, including real estate and venture capital. The firm is dedicated to helping clients navigate their financial journeys while addressing their unique needs and goals.

Asset Management Insights: Key Companies in Massachusetts

Company	Headquarter	Size	Founded	Ownership
State Street Global Advisors	Boston, Massachusetts, United States (USA)	1001-5000	1978	Private
Wellington Management	Boston, Massachusetts, United States (USA)	1001-5000	1933	Private
Cambridge Associates	Boston, Massachusetts, United States (USA)	1001-5000	1973	Venture Capital
Eaton Vance	Boston, Massachusetts, United States (USA)	501-1000	1924	Venture Capital
Aew	Boston, Massachusetts, United States (USA)	501-1000	1981	Corporate
Natixis Investment Managers	Boston, Massachusetts, United States (USA)	201-500	2007	Private
Loomis, Sayles & Company	Boston, Massachusetts, United States (USA)	501-1000	1926	Private
Nepc, LLC	Boston, Massachusetts, United States (USA)	201-500	1986	Venture Capital
The Baupost Group	Boston, Massachusetts, United States (USA)	201-500	1982	Family Owned
Adage Capital Management	Boston, Massachusetts, United States (USA)	11-50	2001	Private
Gmo	Boston, Massachusetts, United States (USA)	201-500	1977	Corporate
SLC Management	Wellesley, Massachusetts, United States (USA)	501-1000	2013	Private
Boston Trust Walden Company	Boston, Massachusetts, United States (USA)	51-200	1974	Private
AlphaSimplex Group	Cambridge, Massachusetts, United States (USA)	11-50	1999	Corporate
Granite Point Capital	Boston, Massachusetts, United States (USA)	1-10	2005	Private
Northeast Retirement Services	Woburn, Massachusetts, United States (USA)	51-200	1999	Corporate
Anchor Capital Advisors LLC	Boston, Massachusetts, United States (USA)	11-50	1983	Private
Aureus Asset Management	Boston, Massachusetts, United States (USA)	11-50	2005	Private
Abrams Capital	Boston, Massachusetts, United States (USA)	11-50	1999	Private
F.L.Putnam Investment Management Company	Lynnfield, Massachusetts, United States (USA)	51-200	1983	Private Equity
Shepherd Kaplan Krochuk, LLC	Boston, Massachusetts, United States (USA)	51-200	2001	Private

Want to Find More Asset Management Companies?

If you want to find more companies that offer investment advisory, wealth management, and portfolio management services you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.

With Inven you'll also get to know the company's:

• Detailed Ownership: Who owns the company? Is it a public or private company? What is the ownership structure?
• Contact data: Who are the founders and CEO's? What are their emails and phone numbers?
• Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!