The Company
J.M. Forbes & Co. LLP is a Delaware limited liability partnership. The Partners of J.M. Forbes & Co.
LLP are Jeffrey L. Bernier, Elizabeth S. Colt, Paul Elias and Bracken Hendricks.
J.M. Forbes & Co. LLP was founded in 1838. Its principal place of business is located in Boston,
Massachusetts. As of December 31, 2023, J.M. Forbes & Co. has $1,193,376,004.41 in assets under
management, of which $1,191,871,590.64 are under discretionary management and $1,504,413.77 are
managed on a non-discretionary basis.
Portfolio Management
J.M. Forbes & Co. LLP provides investment advice and portfolio management to individuals, trusts,
estates, pension and profit-sharing plans, charitable organizations and corporations. Virtually all
of these accounts are managed with J.M. Forbes & Co. LLP having complete investment authority.
The balance is managed in consultation with clients.
We employ a core investment style that includes a broad universe of over 100 companies that fit our
investment criteria from which a core portfolio of 40-50 names is built. This core equity portfolio is
the foundation on which our client portfolios are built, along with a blend of fixed income securities
such as U.S. Treasury bills and notes, U.S. Agency bonds, high-grade corporate and municipal
bonds and diversified bond funds (made up of a mix of fixed income assets including U.S. Treasury
and Agency securities, corporate, municipal, convertible and foreign bonds, bank loans and
preferred equity). The two primary objectives in all of our portfolios are preservation of capital and
achieving a strong risk adjusted return. These two objectives are balanced for each account after
taking into consideration the specific risk profile, income needs and long term goals of the client.
Clients are responsible for informing us of any relevant changes in their circumstances. Upon
establishing a trust or entering into a non-trust investment management agreement, clients may
impose restrictions on investing in certain securities or types of securities subject to consent of J.M.
Forbes & Co. LLP to ensure prudent account management.
Other Business Activities
The Partners of J.M. Forbes & Co. LLP serve as private trustees as well as investment advisers. Other
services rendered by the firm include, but are not limited to, estate planning, trust and estate
management, financial management and planning, real estate management, advice on and
preparation and filing of Federal and State tax returns, and maintenance of records relating to all
of
these areas. Up to approximately 40% of the firm’s time and resources is allocated to these services.
Privacy Policy
J.M. Forbes & Co. LLP asks that you provide certain personal information in order for us to provide you with
better service.
In the course of providing our services, we obtain non-public personal information including, but
not limited to, such things as a client’s name, address, birth date, social security number, account
balances, income and securities positions. We may obtain this information directly from clients or
from other sources such as banks, other fiduciaries and service providers.
J.M. Forbes & Co. LLP is committed to your privacy.
We consider customer privacy to be fundamental to our relationship with clients. We are therefore
committed to maintaining the confidentiality, integrity and security of clients' non-public personal
information. We do not share or disclose any non-public personal information about our clients or
former clients except to facilitate the servicing or management of client accounts or as otherwise
permitted by law.
J.M. Forbes & Co. LLP services are provided in a secure environment.
We internally safeguard our clients’ non-public personal information by restricting access to only
those employees who provide services to our clients or those who need to access the information to
service our clients’ accounts. In addition, we maintain physical, electronic and procedural
safeguards intended to meet federal standards to safeguard client information.
We may provide non-public personal information to parties, such as independent trustees and
custodians, with whom our clients have established relationships and ask us to interact. In addition,
we will from time to time contract with third parties to provide services for our clients or to facilitate
the servicing or management of client accounts. In certain instances, performance of these services
may provide such third party service providers with access to non-public personal information. We
ensure that such service providers understand our privacy policies and agree to protect the
confidentiality of client information.
J.M. Forbes & Co. LLP will notify you of future changes to our privacy policy.
If the firm makes any substantial changes in the way we use or disseminate personal information,
we will notify you.
If you have any questions concerning this Privacy Notice please write to: J.M. Forbes & Co. LLP
Attn: Compliance Dept., 121 Mount Vernon Street, Boston, MA 02108.