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Boston Private Named Industry's Best for Client Service by Private Asset Management

Press release content from Business Wire. The AP news staff was not involved in its creation.
Boston Private Named Industry’s Best for Client Service by Private Asset Management
February 18, 2021 GMT
BOSTON (BUSINESS WIRE) Feb 18, 2021
Boston Private, a leading provider of integrated wealth management, trust and banking services, today announced that the company has won the 2021 Private Asset Management (PAM) Award for Best Private Wealth Manager for Client Service among wealth managers with more than $5 billion in assets under management.
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Fund Intelligence’s PAM Awards recognize the top-performing firms serving the private wealth community. Boston Private was selected for this award based on client service, client longevity, and the firm’s overall growth within the past year. Judging was conducted by an independent panel of industry experts and was based on both qualitative and quantitative performance measures. ....

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SVB Financial Group To Buy Boston Private

SVB Financial Group (NASDAQ: SIVB), the parent of Silicon Valley Bank, is to acquire Boston Private Financial Holdings, Inc. (NASDAQ: BPFH), the parent company of Boston Private Bank & Trust Company, a provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits.
Under the terms of the merger agreement, Boston Private shareholders will receive 0.0228 shares of SVB common stock and $2.10 of cash for each Boston Private share they own, representing a total consideration value of approximately $900 million based on SVB’s closing stock price of $387.83 on December 31, 2020.
The acquisition of Boston Private accelerates SVB’s private bank and wealth management offering, strengthening SVB’s overall platform. ....

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