Financial District, Boston
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Financial District, Boston
The Financial District of Boston is located in Downtown Boston, near Government Center and Chinatown. Like many areas within Boston, the Financial District has no official definition. It is roughly bounded by Atlantic Avenue, State Street, and Devonshire Street. Parts of the Financial District are in various USPS postal ZIP Codes, including 02108, 02109, 02110, and 02111. Landmarks The area includes Post Office Square, the Exchange Place and International Place complexes, and the landmark Custom House Tower (now an 87-room Marriott Vacation Club), and borders Quincy Market, Faneuil Hall, and the Old State House. Key companies The Financial District also contains the headquarters of the mutual fund companies Fidelity Investments, Putnam Investments, and DWS Scudder Investments; the world headquarters for State Street Bank and Eastern Bank; accounting firms Wolf & Company, P.C., RSM McGladrey, and BDO USA, LLP; loan advisor The Debt Exchange; the law firms of ...
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Neighborhoods In Boston
Boston, Boston's diverse Neighbourhood, neighborhoods serve as a political and cultural organizing mechanism. The City of Boston's Office of Neighborhood Services has designated 23 Neighborhoods in the city: * Allston * Back Bay, Boston, Back Bay * Bay Village, Boston, Bay Village * Beacon Hill, Boston, Beacon Hill * Brighton, Boston, Brighton * Charlestown, Boston, Charlestown * Chinatown, Boston, Chinatown–Leather District * Dorchester, Boston, Dorchester (divided for planning purposes into Mid-Dorchester and Dorchester) * Downtown Boston, Downtown * East Boston * Fenway-Kenmore (includes Longwood Medical and Academic Area, Longwood) * Hyde Park, Boston, Hyde Park * Jamaica Plain * Mattapan * Mission Hill, Boston, Mission Hill * North End, Boston, North End * Roslindale * Roxbury, Boston, Roxbury * South Boston * South End, Boston, South End * West End, Boston, West End * West Roxbury * Wharf District The islands in Boston Harbor are administered as part of the Boston Harbor ...
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International Place
One International Place is a Postmodern skyscraper in the Financial District of Boston, Massachusetts. Built in 1987, and designed by Johnson/Burgee Architects – whose principals are Philip Johnson and John Burgee – it is tied with Bulfinch Crossing: One Congress as Boston's 8th-tallest building, standing 600 feet (183 m) tall and housing 46 floors. The building is very prominent in the city's skyline, particularly when viewed from Boston Harbor Boston Harbor is a natural harbor and estuary of Massachusetts Bay, located adjacent to Boston, Massachusetts. It is home to the Port of Boston, a major shipping facility in the Northeastern United States. History 17th century Since its dis .... The building has three separate elements. These consist of the tower itself, as well as two smaller components (27- and 19-stories), linked to Two International Place by a central dome with fifty-five-foot rain fountain court and winter garden. An architectural critic s ...
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The Debt Exchange
The Debt Exchange, Inc. (also known as DebtX), is an American specialty finance company. It is one of the world's largest loan sale advisers for the sale of commercial, consumer and specialty finance debt. History Founded in 2000, DebtX began by selling loans in an online auction format. A dedicated online marketplace is operated for this purpose. Banks use the platform to unload low-performing loans or to trim loans prior to an acquisition. Since its founding, DebtX has expanded to offer other products and services including loan valuation, analytics and CECL solutions as well as web-based deal management platforms for use by syndication, agency and loan sale professionals. According to its website, DebtX prices nearly $1 trillion in loans per month. In 2006 and 2009, The Debt Exchange was awarded patent numbers 7,035,820 and 7,584,139, respectively, by the United States Patent and Trademark Office for its online loan sale and debt trading exchange system. In 2014, DebtX w ...
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BDO USA, LLP
BDO USA, P.C. is the United States member firm of BDO International, the 5th largest global accounting network with over $12.8 billion in revenue. It is the 6th largest accounting and professional services firm in the United States by revenue. In 2023, BDO USA, P.C. became the first large national accounting firm to convert from a traditional limited liability partnership, to an entirely employee owned corporation. Due to this conversion, all employees are eligible to gain an equity stake in the company. The company is currently headquartered in downtown Chicago. BDO stands for Binder, Dijker, and Otte, the original founders of the firm. History BDO USA, P.C was founded as Seidman and Seidman in New York City in 1910 by three immigrant brothers: Maximillian L. Seidman, Francis E. Seidman, and Jacob S. Seidman. At that time the accounting profession was in its infancy, with fewer than 2,200 practicing CPAs in the United States. Shortly thereafter in 1913, the Sixteenth Amendment ...
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RSM McGladrey
RSM US LLP is an audit, tax, and consulting firm focused on the middle market in the United States and Canada and is a member of the global accounting network RSM International. RSM US has been ranked as the 7th most prestigious accounting firm in the US as voted on by accounting professionals. It employs more than 16,000 professionals across 81 cities nationwide and in Canada. RSM US also maintains offices in India and El Salvador and plan to primarily utilize employees in those countries for virtually all US engagements. RSM US is the United States member firm of RSM International, the 6th largest accounting network in the world with $8 billion in revenue, 51,000 professionals in 120+ countries. History The firm was founded in 1926 by Ira B. McGladrey (1883-1952) in Cedar Rapids, Iowa. McGladrey became a prominent figure in public accounting in Iowa, serving as President of the Iowa Society of Certified Public Accountants, chairman of the Iowa Board of Accountancy, as well ...
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Eastern Bank
Eastern Bank is a bank based in Boston, Massachusetts. Before Demutualization, de-mutualizing in 2020, it was the oldest and largest Mutual savings bank, mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, Massachusetts, Salem, and then moved to Lynn, Massachusetts. The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Financial District, Boston, Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation. History Eastern Bank was established on April 15, 1818, by a Canadian dentist, as Salem Savings Bank and became insured by the Federal Deposit Insurance Corporation on October 1, 1983. On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and re ...
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State Street Corporation
State Street Corporation is an American global financial services and bank holding company headquartered at One Congress Street in Boston with operations worldwide. The company is named after State Street in Boston, which was known as the "Great Street to the Sea" in the 18th century as Boston became a flourishing maritime capital. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 14th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$4.7 trillion under management and US$46.6 trillion under custody and administration in 2024. It is the second largest custodian bank in the world, providing securities services and it is considered a systemically important bank by the Financial Stability Board. Along with BlackRock and Vanguard, State Street is considered to be one of the Big Three index fund managers that do ...
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Putnam Investments
Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. Putnam is currently a subsidiary of Franklin Templeton Investments. History The firm was founded in 1937 by George Putnam, who established one of the first balanced mutual funds: The George Putnam Fund of Boston. Lawrence Lasser joined the company in 1969, and it became "one of the largest managers of mutual funds."
NY Times, Former Chief of Putnam to Receive $78 million, Retrieved June 2011
In 1997, Putnam Investments established a connection with
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Fidelity Investments
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), owned by FMR LLC and headquartered in Boston, Massachusetts, provides financial services. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in discretionary assets under management, and $15.1 trillion in assets under administration, . Fidelity operates a brokerage firm, manages mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance. It offers brokerage clearing and back office support and software products for financial services firms. It also offers a donor-advised fund, Fidelity Charitable, for clients seeking to donate securities. It processes 3.5 million daily average trades. It is one of the largest providers of 401(k) plans and manages employee benefit programs for more than 28,800 businesses. Abig ...
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Old State House (Boston)
The Old State House, also known as the Old Provincial State House,Old provincial state house; maintenance and preservation - () is a historic building in Boston, Massachusetts, built in 1713. It was the seat of the Massachusetts General Court until 1798. It is located at the intersection of Washington Street (Boston), Washington and State Street (Boston), State Streets and is one of the oldest public buildings in the United States. It is one of the landmarks on Boston's Freedom Trail and is the oldest surviving public building in Boston. It now serves as a history museum that was operated by the Bostonian Society through 2019. On January 1, 2020, the Bostonian Society merged with the Old South Association in Boston to form Revolutionary Spaces. The Old State House was designated a National Historic Landmark in 1960 and a Boston Landmark by the Boston Landmarks Commission in 1994. History The Massachusetts Town House: seat of colony government 1713–1776 The previous building w ...
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