Welch & Forbes LLC
Welch & Forbes LLC is a Boston-based investment advisory firm, founded in 1838, that offers wealth management, investment portfolio management, trust, estate, tax, and fiduciary services. The firm operates in the tradition of a family office, serving individuals, families, trusts, charitable organizations, pension and profit-sharing plans, and business entities. With a team of 58 staff as of September 2025, Welch & Forbes prides itself on long client relationships, personalized service, and deep institutional knowledge acquired over more than 180 years.
Investment Strategy
Welch & Forbes develops customized portfolios based on each client's personal financial objectives, risk tolerance, tax situation, and liquidity needs. Its equity strategy focuses on purchasing shares of high-quality, growing companies at reasonable valuations, with an emphasis on dividend growth and long-term holding periods for tax efficiency. Fixed-income portfolios are tailored using U.S. Treasuries, investment-grade corporate and municipal bonds, and bond funds, with a laddered approach to maturities aiming to provide stability, income, and risk management. The firm prioritizes a fiduciary, client-first approach, avoiding commission-based fees and potential conflicts of interest, and generally specializes in both equity and fixed income asset classes for long-term growth and income.
Top Holdings
Equity Positions (371)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 6.98% | $559.0M | 3,538,095 | $1.05 | $157.99 | +$168.9M |
M MSFT | MICROSOFT CORP | 5.58% | $446.7M | 898,016 | $45.50 | $497.41 | +$107.2M |
A AAPL | APPLE INC | 4.45% | $356.1M | 1,735,567 | $31.56 | $205.17 | -$31.0M |
O ORLY | OREILLY AUTOMOTIVE INC | 3.32% | $265.5M | 2,945,844 | $88.61 | $90.13 | -$18.6M |
V V | VISA INC | 3.25% | $260.0M | 732,353 | $54.66 | $355.05 | +$1.4M |