--- title: Brookline Bancorp sets up shop for well-to-do clients — Clarendon | PRIVATE description: By the time banks approach the $10 billion mark in size, they usually have a robust team to manage customers’ stock and bond investments. It was time for Brookline Bancorp , with its $8.3 billion in assets but no wealth management arm, to step up. image: https://blog.clarendonprivate.com/hubfs/boston-at-night.jpg --- [Skip to Content](https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-sets-up-shop-for-well-to-do-clients#body) [![Clarendon Private logo](https://blog.clarendonprivate.com/hs-fs/hubfs/clarendon-private-logo.webp?width=600&height=100&name=clarendon-private-logo.webp)](https://clarendonprivate.com/) - [About](https://www.clarendonprivate.com/about) Toggle children for About - [Our Team](https://www.clarendonprivate.com/our-team) - [Who We Serve](https://www.clarendonprivate.com/who-we-serve) Toggle children for Who We Serve - [Families & Individuals](https://clarendonprivate.com/who-we-serve/families-and-individuals/) - [Endowments & Foundations](https://clarendonprivate.com/who-we-serve/endowments-and-foundations/) - [Services](https://clarendonprivate.com/services/) Toggle children for Services - [Investments](https://clarendonprivate.com/services/investments/) - [Wealth Planning](https://clarendonprivate.com/services/wealth-planning/) - [Private Banking](https://clarendonprivate.com/services/private-banking/) - [Insights](https://blog.clarendonprivate.com/our-insights) Toggle children for Insights - [Our Insights](https://blog.clarendonprivate.com/our-insights) - [Thought Leadership](https://clarendonprivate.com/thought-leadership/) - [News & Commentary](https://blog.clarendonprivate.com/our-insights-news-and-commentary) - [Contact](https://clarendonprivate.com/contact/) [Skip to Content](https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-sets-up-shop-for-well-to-do-clients#body) [![Clarendon Private logo](https://blog.clarendonprivate.com/hs-fs/hubfs/clarendon-private-logo.webp?width=300&height=50&name=clarendon-private-logo.webp)](https://clarendonprivate.com/) Click to open Menu Menu Close Menu Close Close Menu Close - [Home](https://blog.clarendonprivate.com/) - [Blog](https://blog.clarendonprivate.com) --- - 2 min read # Brookline Bancorp sets up shop for well-to-do clients By the time banks approach the $10 billion mark in size, they usually have a robust team to manage customers’ stock and bond investments. It was time for Brookline Bancorp , with its $8.3 billion in assets but no wealth management arm, to step up. - [By: Clarendon | PRIVATE](https://blog.clarendonprivate.com/author/clarendon-private) - December 16, 2021 ![](https://blog.clarendonprivate.com/hubfs/boston-at-night.jpg) SHARE [Share to Facebook](http://www.facebook.com/sharer.php?u=https%3A%2F%2Fblog.clarendonprivate.com%2Finsights-ideas%2Fbrookline-bancorp-sets-up-shop-for-well-to-do-clients) [Share to LinkedIn](http://www.linkedin.com/shareArticle?url=https%3A%2F%2Fblog.clarendonprivate.com%2Finsights-ideas%2Fbrookline-bancorp-sets-up-shop-for-well-to-do-clients) [Share to Pinterest](http://pinterest.com/pin/create/button/?url=https%3A%2F%2Fblog.clarendonprivate.com%2Finsights-ideas%2Fbrookline-bancorp-sets-up-shop-for-well-to-do-clients&media=https%3A%2F%2F44520401.fs1.hubspotusercontent-na1.net%2Fhubfs%2F44520401%2Fboston-at-night.jpg) [Share through email](mailto:%20?subject=Brookline%20Bancorp%20sets%20up%20shop%20for%20well-to-do%20clients%20%26mdash%3B%20Clarendon%20%7C%20PRIVATE&body=https%3A%2F%2Fblog.clarendonprivate.com%2Finsights-ideas%2Fbrookline-bancorp-sets-up-shop-for-well-to-do-clients%0ABy%20the%20time%20banks%20approach%20the%20%2410%20billion%20mark%20in%20size%2C%20they%20usually%20have%20a%20robust%20team%20to%20manage%20customers%26rsquo%3B%20stock%20and%20bond%20investments.%20It%20was%20time%20for%20%20Brookline%20Bancorp%20%2C%20with%20its%20%248.3%20billion%20in%20assets%20but%20no%20wealth%20management%20arm%2C%20to%20step%20up.) \- **By**[**Jon Chesto**](https://www.bostonglobe.com/about/staff-list/staff/jon-chesto/?p1=Article_Byline) Globe Staff,Updated December 13, 2021, 5:05 p.m. By the time banks approach the $10 billion mark in size, they usually have a robust team to manage customers’ stock and bond investments. It was time for **Brookline Bancorp**, with its $8.3 billion in assets but no wealth management arm, to step up. So chief executive **Paul Perrault **turned to one of the most experienced pros in Boston: **Marc White**. Over his career, White has run New England wealth management groups for **Credit Suisse First Boston** and **J.P. Morgan Private Bank**. Most recently, he led a local bank geared toward high-earners known as **Ethic**, a rebranded reboot of the struggling **Admirals Bank**. Perrault brought White on board with little fanfare in June, to launch Brookline’s new wealth management group, dubbed **Clarendon Private**. That refers to the street in the Back Bay where Brookline’s headquarters is located. (Yes, Brookline is based in Boston now.) Joining White at Clarendon are **Tracy Welch** and **Matthew Morse**, two stock gurus who had worked at fund firm **Eaton Vance**. Clarendon officially started accepting customers in November, as Brookline’s commercial loan officers began cross-selling the new private bank to their business clients. The new venture was announced last week. White also gave himself a crash course on all the new fin-tech software that’s out there before picking **Orion Advisor Solutions** for Clarendon’s client platform, to give clients one place to go to view the status of all their investments. It was a new-school lesson that was much appreciated by this old-school banker. --- ###### Clarendon | PRIVATE ## Leave A Comment ### Related Articles - ![](https://blog.clarendonprivate.com/hubfs/sailboat-800.jpg) ### [Brookline Bancorp Launches Wealth Management Company](https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-launches-wealth-management-company) - ![Lighthouse](https://blog.clarendonprivate.com/hubfs/lighthouse-and-house.jpg) ### [How can you earn over 4% on cash?](https://blog.clarendonprivate.com/insights-ideas/how-can-you-earn-over-35-on-cash) - ![Brookline Bancorp Launches Clarendon Private](https://blog.clarendonprivate.com/hubfs/rocky-beach.jpg) ### [Brookline Bancorp Launches Clarendon Private, Boston's Newest Investment and Wealth Management Company](https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-launches-clarendon-private-bostons-newest-investment-and-wealth-management-company) ### Related Programs - ### [Brookline Bancorp Launches Wealth Management Company](https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-launches-wealth-management-company) - ### [How can you earn over 4% on cash?](https://blog.clarendonprivate.com/insights-ideas/how-can-you-earn-over-35-on-cash) - ### [Brookline Bancorp Launches Clarendon Private, Boston's Newest Investment and Wealth Management Company](https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-launches-clarendon-private-bostons-newest-investment-and-wealth-management-company) ![Clarendon Private icon](https://blog.clarendonprivate.com/hubfs/clarendon-private-icon-183b60.jpg) ### Clarendon Private 131 Clarendon Street Boston, MA 02116 (617) 927-7999 ### Stay Connected [Follow us on Linkedin](https://www.linkedin.com/company/clarendon-private/) ### [About Us](https://clarendonprivate.com/about/) - [Our Team](https://clarendonprivate.com/about/our-team/) - [Contact Us](https://clarendonprivate.com/contact/) ### [Who We Serve](https://clarendonprivate.com/who-we-serve/) - [Families & Individuals](https://clarendonprivate.com/who-we-serve/families-and-individuals/) - [Endowments & Foundations](https://clarendonprivate.com/who-we-serve/endowments-and-foundations/) ### [Services](https://clarendonprivate.com/services/) - [Investments](https://clarendonprivate.com/services/investments/) - [Wealth Planning](https://clarendonprivate.com/services/wealth-planning/) - [Private Banking](https://clarendonprivate.com/services/private-banking/) ### [Insights](https://blog.clarendonprivate.com/our-insights) - [Our Insights](https://blog.clarendonprivate.com/our-insights/) - [Thought Leadership](https://clarendonprivate.com/thought-leadership/) - [News & Commentary](https://blog.clarendonprivate.com/our-insights-news-and-commentary) © 2024 Clarendon Private [Privacy Policy](https://clarendonprivate.com/wp-content/uploads/2026/05/Clarendon-Private-Privacy-Policy-March-2026.pdf) · [Disclosures](https://clarendonprivate.com/disclosures/) · [Client Relationship Summary](https://clarendonprivate.com/wp-content/uploads/2024/10/Clarendon-Private-Form-CRS-March-2023.pdf) · [Investor Relations](https://www.beaconfinancialcorporation.com/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Clarendon | PRIVATE", "url" : "https://blog.clarendonprivate.com/author/clarendon-private" }, "dateModified" : "2024-10-23T03:28:55.031Z", "datePublished" : "2021-12-16T05:00:00.000Z", "headline" : "Brookline Bancorp sets up shop for well-to-do clients — Clarendon | PRIVATE", "mainEntityOfPage" : { "@id" : "https://blog.clarendonprivate.com/insights-ideas/brookline-bancorp-sets-up-shop-for-well-to-do-clients", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.clarendonprivate.com/hubfs/clarendon-private-logo.webp" } } } ```