Boston Private Financial Holdings, Inc. (BPFH) is a bank holding company. The Company offers a range of wealth management services to high-net-worth individuals, families, businesses and select institutions through its three segments: Private Banking, Investment Management and Wealth Advisory. On February 1, 2008, the Company acquired a 70.1% interest in Davidson Trust Company (DTC). DTC is a wealth management company. As of December 31, 2008, the Company held approximately 70% interest in Bingham, Osborn & Scarborough, LLC (BOS). In March 2009, the Company announced the sale of its 76% interest in Palo Alto-based Sand Hill Advisors, LLC (Sand Hill). In Addition, in March 2009, the Company announced the sale of affiliate Boston Private Value Investors (BPVI). In September 2009, the Company announced the sale of RINET Company, LLC and Coral Gables, Florida-based Gibraltar Private Bank & Trust.