Wealth Management

Wealth managers play an essential role in helping individuals and families manage complex investments across multiple asset classes while taking a holistic approach, inclusive of estate and tax planning, charitable giving, real estate and business planning, and client’s individual needs.

In this role, Hemenway & Barnes partners often serve as trustees entrusted with carrying out the purpose of a trust, ensuring that your goals are faithfully observed, year after year, and often, generation after generation. A trustee’s role will be as varied as the goals of the trust and will encompass building a personal relationship with the beneficiaries, addressing their needs, safeguarding and distributing assets, managing investments, planning for taxes, and providing administrative support, such as, bookkeeping and reporting.

Beyond these critical financial and legal responsibilities, an experienced wealth manager will understand the personal, emotional, and psychological aspects of wealth and the impact that wealth can have on your family.

Each Hemenway & Barnes lawyer who serves as a fiduciary does so in his or her individual capacity. This allows us to provide a highly personal level of fiduciary service for clients who trust our judgment and rely on our counsel. The firm itself does not serve as a fiduciary. As lawyers and as trustees, we concentrate in areas that relate directly to our fiduciary practice. These include the law of trusts, sophisticated estate and charitable planning, taxation, real estate, business planning, probate law and estate settlement. The knowledge, experience and judgment that are the hallmark of a good lawyer are equally important to the role of a wealth manager. In serving as professional fiduciaries, we carry on a tradition that remains an essential element of our practice at Hemenway & Barnes today.

Hemenway & Barnes invests client assets in individually managed trust accounts matched to client goals and needs. When the relationship is established your trustee will meet with you to ascertain your financial needs, investment objectives and appetite for risk. Together you will develop an asset allocation and investment strategy designed to meet your objectives.

Through our collaborative and personal approach, clients enjoy the benefit of working directly with H&B’s partners who serve as legal advisors and trustees while the professional team at Hemenway Trust Company, a New Hampshire based private trust company, advises on investment management strategies. As of December 31, 2024, Hemenway & Barnes LLP, together with Hemenway Trust Company, had fiduciary responsibility for over $8.6 billion of client assets. With no products or investment funds to sell, we have the independence to do what’s best for our clients.

Learn more about our approach to trust investment management.

Hemenway & Barnes has a large in-house trust and tax department that ensures that clients receive reliable and efficient safekeeping of assets, collection and distribution of income, processing of transactions, generation of reports and statements, and preparation of income tax returns for trust and estate accounts.

Additionally, we can offer household management services, including bill paying, budgeting and cash flow analysis, hiring and managing contractors and household staff.

Hemenway & Barnes also offers experienced personnel to facilitate the administration of estates. We attend to all aspects of the settlement of an estate, including supervision of probate proceedings, disposition of real estate and other assets and preparation of estate tax returns. In many cases, we are asked to serve as executors of our clients' estates and to bring to bear the knowledge of their family and financial circumstances that we have acquired over the years.

The breadth and depth of services offered and the continuity of personal contact, combined with the fiduciary, legal, investment and tax knowledge and experience that we bring to the service of our clients, distinguish Hemenway & Barnes from other private fiduciary firms.

Trustees
Brad Bedingfield
Joseph L. Bierwirth, Jr.
Brian C. Broderick
Dennis R. Delaney
Nancy E. Dempze
Mark B. Elefante
Kevin M. Ellis
Joan Garrity Flynn
Stephen W. Kidder
Ryan P. McManus
Charles R. Platt
Michael J. Puzo
John J. Siciliano
Kurt F. Somerville
Sarah M. Waelchli

Associates/Counsel
Paul M. Cathcart Jr.
Bryce J. Helfer
Keirsa K. Johnson
Shannon M. Nelson

Family Office Advisors
Andrea N. Richmond, Associate Director of Family Office Services

Philanthropic Advisors
Jessica W. Coakley, Philanthropic Advisor
Gioia C. Perugini, Director of Philanthropic Services
Elizabeth Quartararo, Philanthropic Associate

Trust Administration
Joseph C. Giaimo, Director of Trust Operations
Norman M. Moniz, Trust Administration Manager
Robert M. Mueller, Senior Director of Operations

Tax Professionals
Richard L. Tougas, Director of Tax Services