Waltham, MA, – Ballentine Partners has named Lorne Adrain, CLU, as Managing Director. Mr. Adrain has joined the firm to lead business development activities.
“We have collaborated with Lorne on client engagements for over fifteen years and have been deeply impressed by his commitment to helping clients develop a sense of comfort and confidence that their financial world is organized in an appropriate and understandable way,” Mr. Ballentine said. “It was a natural extension of our long and collegial relationship with Lorne to pursue a more formal affiliation.”
According to Mr. Adrain, each client he and Ballentine Partners collaborated on benefited from the firm’s ability to help them “organize and control their financial lives, align assets and estate plans with their values and objectives, develop sound and successful investment strategies, and implement charitable plans that will enhance the meaning and purpose of their wealth.”
In addition to owning a well-regarded insurance practice focused on estate planning and corporate applications of life insurance, Mr. Adrain has been an executive at AT&T and worked for ten years as an entrepreneur in the technology and environmental sectors. He was the founder of KindMark, a leader in the creation of software and technologies advancing philanthropy.
Mr. Adrain is an active philanthropic and community leader. He was appointed by Rhode Island’s Governor Chafee to Chairman of the Board of Governors for Higher Education and to the Rhode Island Board of Regents for Elementary and Secondary Education. He is vice president and director of the Harvard Business School Alumni Association and serves on the Boards of The Rhode Island Foundation, Big Picture Learning and The Business Innovation Factory. He also is the founder of National Neighborhood Day and is co-founder of Social Venture Partners-Rhode Island and Better Providence.
Mr. Adrain formerly served as chairman of the Rhode Island Special Olympics and president of the University of Rhode Island Alumni Association. He received the Rhode Island Foundation Inspiring Partner Award and the Jefferson Award for Public Service and has climbed Kilimanjaro, Elbrus, Aconcagua and other peaks to raise funds to support women’s education, economic, and health programs in Guatemala.
He earned an MBA from Harvard Business School and a BS from the University of Rhode Island and is a Chartered Life Underwriter.
Mr. Adrain and his wife Ann Hood live in Providence, RI and have four children.