Exhibit 21.1

LIST OF SUBSIDIARIES OF

BOSTON PRIVATE FINANCIAL HOLDINGS, INC.

Subsidiaries of the Company	State or Other Jurisdiction of Incorporation
Anchor Capital Advisors LLC	DE
Anchor Capital Non-Managing Members LLC	DE
Anchor Capital Holdings LLC	DE
Bingham, Osborn & Scarborough, LLC	CA
Boston Private Bank & Trust Company	MA
Boston Private Capital, Inc.	MA
Boston Private Wealth LLC	MA
BPB-IMT & Co., LLP	MA
BPB Securities Corporation	MA
BPB Securities Corporation II	MA
Lerob LLC	CA
Ten Winthrop Properties	MA
Boston Private Capital Trust I	DE
Boston Private Capital Trust II	DE
Dalton, Greiner, Hartman & Maher & Co. LLC	DE
DGHM Management LLC	DE
DGHM Enhanced Value LP	DE
DGHM Enhanced Value LTD	Grand Cayman Island
DGHM Partners LLC	DE
DGHM Ultra Value Partners LP	DE
DGHM World Funds Trust	DE
KLS Professional Advisors Group, LLC	DE