Lowell, Blake & Associates

Lowell, Blake & Associates, Inc. provides personalized financial services and support for individuals, families, nonprofits, and businesses. Founded more than 40 years ago on the principles of integrity, trust, and individual client attention, LBA remains committed to these standards.

LBA is
an independent, employee-owned investment advisory firm based in Boston. Our core mission is to deliver the highest quality advisory services for our clients, in an honest and ethical manner. What sets LBA apart?


A Client-Focused Approach

At LBA, we believe that our clients deserve sound financial advice driven by independent analysis, deep market and industry knowledge, and a focus on long-term value. We also believe they should get this service at a cost that makes sense. That’s why we offer a fixed fee with no hidden charges and no subtle (or not so subtle) incentives to hold or move assets.

Our Investment Philosophy

We don’t just make investment recommendations; we help clients build a truer understanding of their financial lives. We focus on your financial health. (more…)

Independent, Unbiased Advice

Because LBA is an independent, employee-owned firm, we answer only to our clients—with no bias from corporate quotas or incentive schemes. Clients come first. (more…)

High Ethical Standards

LBA takes social responsibility personally. Our high ethical standards apply both to our work with clients and to our investment decisions. Responsible can be profitable. (more…)

Personalized Services

We keep your values and your individual needs in mind.

We offer personalized recommendations designed to help clients meet their financial and life goals. Whether you want a plan for general long-term growth or a strategy to meet specific aims such as college or retirement planning, LBA’s team is there for you.

Fiduciary Services

As a result of our focus on relationships, transparency, and fiduciary trust, clients often ask us to serve as trustees, thereby providing integral support in planning for their family’s future. Why clients trust us with their funds. (more…)
Financial Life Planning

Financial Life Planning

Our goal is to empower clients with guidance on the entirety of their financial lives, including budgeting, estate planning, tax considerations,  and other life circumstances. Planning for long-term success. (more…)

Investment Services

We don’t just look at last quarter’s earnings; we study indicators of long-term industry and company health to find investment opportunities that meet clients’ financial goals, while also reflecting their values. Smart portfolio management. (more…)

Research & Analysis

We believe in long-term investing, which means understanding the social, demographic, and economic shifts that affect markets. Our insight into emerging and ongoing market trends, our analysis of how these trends will play out in key industries, and our in-depth company research are all part of our process for identifying promising investments.

LBA Newsletter

Our newsletter provides investors with unbiased market analysis, performance overviews, and hands-on guidance. Read the latest LBA news. (more…)

Market Insight

These in-depth thought pieces offer unique insight into the market, with our take on important trends, indicators, and opportunities. Get insight & analysis.

Research Reports

LBA’s research reports gauge prospects for companies in key industry sectors, with our trademark focus on sustainable growth. See sample reports. (more…)

Our Team

We offer a unique blend of experience and integrity.

The LBA team offers a wealth of experience, coupled with a true desire to provide the best possible service for our clients. Our knowledge of individual securities is matched by our desire to reflect clients’ goals and values in recommending investments.

James H. Lowell, II
Jim founded Lowell, Blake & Associates with Susan Lowell in 1974 and for the past 42 years has served as an advisor, trustee, ...Read more.
Susan Walsh Lowell
Susan has been part of the LBA team since we opened our doors in 1974. She was instrumental in setting up the firm,... Read more.
James B. Balfour, CFA
Portfolio Manager & Research Analyst
Jim joins Lowell, Blake & Associates with 20 years of investment experience. His current responsibilities include managing... Read more.
Francis P. Coolidge
Research Consultant
Frank was LBA’s lead research analyst for 25 years. He writes and updates in-depth investment reports... Read more.
J. Timothy Delaney
Principal & Investment Strategy
After a ten-year hiatus, Tim is leveraging his vast experience in investment and wealth management and rejoining LBA as Principal...Read more.
Nicole (Nikki) Gagliardi
Treasurer & Principal
Nikki has worked in the financial industry for nearly 20 years and has been with Lowell, Blake & Associates since 2005.  Read more.
Karen Golding
Client Service Associate & Compliance Coordinator
Karen Golding joins Lowell, Blake & Associates with over ten years of experience at Fidelity Investments. Read more.
Mark R. MacCallum
Secretary & Principal
Mark has worked in financial services for over 35 years, 25 of them in an investment advisory capacity at LBA. Read more.
Diana B. Malcom
President & Principal
Diana has worked at LBA since 2000. Her experience spans investment management, financial planning, ... Read more.
David H. Polansky, CFA
Principal, Senior Research Analyst
David is a Principal and Senior Analyst within LBA’s research department, with primary responsibility for conducting extensive primary research and due diligence... Read more.
Erika Rhuda
Senior Client Service Associate
Erika has been at LBA since 1997. As senior member of the support staff, Erika serves as the right hand to LBA’s... Read more.
Jessica C. Welch
Associate Portfolio Manager & Giving Coordinator
Jessica teams up with the LBA staff to ensure our clients receive the highest level of service. She facilitates requests from clients and supports... Read more.
Cameron O'Leary
Financial Operations Coordinator

Talk to One of Our Advisors

We treat our clients as individuals, not numbers.

Call us at 617-422-0064 to learn more about how the LBA approach can help you meet your financial and life goals. You can also email to reach one of our advisors or use the contact form below.