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                                                                  Exhibit 21.1


                                LIST OF SUBSIDIARIES

                               (IN ALPHABETICAL ORDER)

                    WHOLLY-OWNED SUBSIDIARIES OF THE REGISTRANT


Borel Private Bank & Trust Company, a California corporation

Boston Private Bank & Trust Company, a Massachusetts corporation

Boston Private Value Investors, Inc., a Delaware corporation

RINET Company, LLC, a Delaware limited liability company

Sand Hill Advisors, Inc., a California corporation

Westfield Capital Management Company, LLC, a Delaware limited liability
company