DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Choate Investment Advisors
Legal name Choate Investment Advisors LLC
Latest filing Mar 30, 2026
First filing on the tape Apr 2, 2012 · 30 filings
SEC status approved since Nov 29, 1996
RAUM
$10B
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
94%
$9.4B individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$670M
derived; firm RAUM over IAPD count
Employees
34
20 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$10B as of Mar 30, 2026
Apr 2, 2012$1.9B then
HNW client RAUM$9.4B as of Mar 30, 2026
Mar 29, 2018$3.8B then
State-registered IARs (5.B.3)16 as of Mar 30, 2026
Apr 2, 20120 then
Employees (5.A)34 as of Mar 30, 2026
Feb 28, 20137 then
Private funds3 as of Mar 30, 2026
Mar 31, 20171 then
RAUM +13% over the last fiscal year+24% a year over threeIARs 10 to 16
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $670MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 41derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $18.1MderivedHNW RAUM over HNW clients
- Average account
- $2.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 92%derivedof RAUM
- Institutional
- 5.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 15.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +60%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.1%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, publicationsreportedItem 5.G
- Custody
- $10B, 653 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$9.4B93%
- Charitable organizations$544M5.4%
- Pooled investment vehicles$88.1M0.9%
- Individuals$45.6M0.5%
- Individual clients
- 95reported
- HNW clients
- 519reported
- Pension plan clients
- 0reported
- Charitable clients
- 36reported
- Accounts
- 4,009reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $10B for 653 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.94 fund_share=0.01 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Erin Elwood KerrChartered Financial Analyst | Boston, Ma | Aug 30, 2018 | 11 y | 0 |
| Tamer Makram AlamuddinChartered Financial Analyst | Boston, Ma | Aug 30, 2018 | 14 y | 0 |
| Harrison Taylor OdaniellChartered Financial Analyst | Boston, Ma | Jul 9, 2019 | 11 y | 0 |
| Jacob D KidderChartered Financial Analyst | Boston, Ma | Jan 11, 2022 | 10 y | 0 |
| Alison Marelli Svizzero | Boston, Ma | Oct 26, 2023 | 15 y | 0 |
| Jonathan Erik Mcgraw BentleyChartered Financial Analyst | Boston, Ma | Nov 21, 2023 | 10 y | 1 |
| Diana Bliss Malcom | Boston, Ma | Nov 21, 2023 | 26 y | 1 |
| Jessica C. WelchCertified Financial Planner | Boston, Ma | Nov 21, 2023 | 11 y | 1 |
| Amy Sou QiuCertified Financial Planner | Boston, Ma | Jun 10, 2024 | 12 y | 4 |
| Louis Ralph Marchant | Boston, Ma | Sep 26, 2024 | 13 y | 0 |
| Hideyoshi Decarvalho Watanabe | Boston, Ma | Sep 26, 2024 | 15 y | 1 |
| Kelsey Mchugh SullivanChartered Financial Analyst | Boston, Ma | Oct 24, 2024 | 10 y | 0 |
| Graham Taylor Johnstone | Boston, Ma | Oct 8, 2025 | 11 y | 0 |
| Mark Richard Perry | Boston, Ma | Nov 26, 2025 | 25 y | 4 |
| Patrick William Collins | Boston, Ma | Mar 19, 2026 | 10 y | 1 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Luis M Raposo to Shorepoint Capital Partners LLCMar 28, 2013 · Other
Joined, latest
- Patrick William Collins from Mission Wealth Management, LPMar 19, 2026 · RIA to RIA
- Mark Richard Perry from Lowell Blake & Associates Inc.Nov 26, 2025 · RIA to RIA
- Hideyoshi Decarvalho Watanabe from Barker Financial Group, Inc.Sep 26, 2024 · Other
- Amy Sou Qiu from Welch & Forbes LLCJun 10, 2024 · RIA to RIA
- Diana Bliss Malcom from Lowell Blake & Associates Inc.Nov 21, 2023 · RIA to RIA
- Jonathan Erik Mcgraw Bentley from Lowell Blake & Associates Inc.Nov 21, 2023 · RIA to RIA
- Jessica C. Welch from Lowell Blake & Associates Inc.Nov 21, 2023 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 4 joined from Lowell Blake & Associates Inc.Nov 15, 2023 · Boston, Ma · Firm absorbed
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| 1899 Opportunities Fund II, LLC | Other Private Fund | $45.0M | 88 | Mar 30, 2022 |
| 1899 Opportunities Fund I, LLC | Other Private Fund | $40.8M | 46 | Mar 31, 2017 |
| 1899 Opportunities Fund III, LLC | $2.3M | 116 | Mar 30, 2026 |
Owners and control persons
Schedule A and B, latest filing
- Makram Tamer Alamuddin · Managing Director Of Cia, Director Of Camicontrolsince 03/2014 · owns less than 5%
- Elwood Erin Kerr · Chief Compliance Officercontrolsince 09/2015 · owns less than 5%
- Allen Robert Kole · Director Of Camicontrolsince 06/2018 · owns less than 5%
- Lowell Alexander Thorndike · President Of Cia, President, Treasurer And Director Of Camicontrolsince 01/2021 · owns less than 5%
Entity owners
- Choate Advisors Management, · Managing Member Of Ciadirect · owns less than 5%
- Choate Advisors Management, Inc. ("Cami") · Managing Member Of Ciadirect · owns less than 5%
- Choate, Hall & Stewart Llp · Equity Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- Choate, Hall & Stewart Llpy
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 15 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Boston, MA
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- new owner headcount expandsCombination · filing Mar 30, 2026CHOATE ADVISORS MANAGEMENT, joined Schedule A on the filing of 2026-03-30; advisors 10.0 to 16.0 between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- advisor count surgeChange between filings · filing Mar 30, 2026advisory representatives (Item 5.B.3) moved from 10.0 to 16.0 (+60.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +6.0% (220 comparable advisers, 93.0th percentile of changes)peers: independent wealth managers, $5B to $20B (220) · 93% percentile
What changed
consecutive filings, newest first
- Accounts · 3,850 to 4,009Mar 31, 2025 to Mar 30, 2026
- Advisory employees · 17 to 20Mar 31, 2025 to Mar 30, 2026
- Charity clients · 34 to 36Mar 31, 2025 to Mar 30, 2026
- Corporate clients · unset to 0.0Mar 31, 2025 to Mar 30, 2026
- HNW clients · 510 to 519Mar 31, 2025 to Mar 30, 2026
- Individual clients · 111 to 95Mar 31, 2025 to Mar 30, 2026
- Pension plan clients · unset to 0.0Mar 31, 2025 to Mar 30, 2026
- Pooled vehicle clients · 2 to 3Mar 31, 2025 to Mar 30, 2026
- Assets in custody · $65.1M to $10BMar 31, 2025 to Mar 30, 2026
- Employees · 23 to 34Mar 31, 2025 to Mar 30, 2026
- State-registered IARs · 10 to 16Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $8.0B to $9.3BMar 31, 2025 to Mar 30, 2026
- HNW RAUM · $8.3B to $9.4BMar 31, 2025 to Mar 30, 2026
- Individual RAUM · $50.2M to $45.6MMar 31, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $855M to $777MMar 31, 2025 to Mar 30, 2026
- Pension RAUM · unset to 0.0Mar 31, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $65.1M to $88.1MMar 31, 2025 to Mar 30, 2026
- RAUM · $8.9B to $10BMar 31, 2025 to Mar 30, 2026
- Other offices · 1 to 0Mar 29, 2024 to Mar 31, 2025
- Accounts · 3,608 to 3,850Mar 29, 2024 to Mar 31, 2025
- Charity clients · 40 to 34Mar 29, 2024 to Mar 31, 2025
- Corporate clients · 1.0 to unsetMar 29, 2024 to Mar 31, 2025
- HNW clients · 488 to 510Mar 29, 2024 to Mar 31, 2025
- Individual clients · 96 to 111Mar 29, 2024 to Mar 31, 2025
- Pension plan clients · 2.0 to unsetMar 29, 2024 to Mar 31, 2025
- Assets in custody · $51.2M to $65.1MMar 29, 2024 to Mar 31, 2025
- Employees · 24 to 23Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · 1-10 to 51-100Mar 29, 2024 to Mar 31, 2025
- Private funds · 2 to 3Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $6.7B to $8.0BMar 29, 2024 to Mar 31, 2025
- HNW RAUM · $7.0B to $8.3BMar 29, 2024 to Mar 31, 2025
- Individual RAUM · $50.4M to $50.2MMar 29, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $776M to $855MMar 29, 2024 to Mar 31, 2025
- Pension RAUM · 5680239.0 to unsetMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $51.1M to $65.1MMar 29, 2024 to Mar 31, 2025
- RAUM · $7.5B to $8.9BMar 29, 2024 to Mar 31, 2025
- Accounts · 2,570 to 3,608Dec 20, 2023 to Mar 27, 2024
- Advisory employees · 13 to 17Dec 20, 2023 to Mar 27, 2024
- Charity clients · 27 to 40Dec 20, 2023 to Mar 27, 2024
- Corporate clients · 0 to 1Dec 20, 2023 to Mar 27, 2024
Signals
5 dated events
- Choate Investment Advisors reported RAUM $7.5B, up 43% from $5.3B (2023-12-20 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- Lowell Blake & Associates Inc.'s advisors moved to Choate Investment Advisors (Boston, MA): 4 of 4 registered, on the same dayNov 15, 2023 · Firm absorbed (people side) · derived
- Martin Todd Millay (Managing Director Of Cia, President, Treasurer And Director Of Cami) no longer on Schedule A of Choate Investment Advisors (listed 2020-06-26, absent 2021-01-04)Jan 4, 2021 · Control person left · inference
- Lowell Alexander Thorndike (President Of Cia, President, Treasurer And Director Of Cami) appeared on Schedule A of Choate Investment AdvisorsJan 4, 2021 · Control person joined · fact
- Choate Investment Advisors reported RAUM $4.7B, up 26% from $3.8B (2017-03-31 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Choate Investment Advisors · Family Officesshared crd · office
- Choate Investment Advisors · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business phone
- 617-248-5000reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/choate-investment-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- CHOATEWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 617-973-4900reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- choatewealth.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- choatewealth.com/teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $670Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026