Established in 1974, the firm has focused on high-quality companies and has been a pioneer in environmental, social, and governance investing. It's an investment-led organization: Co-CEOs Stephen Amyouny and Kenneth Scott are also portfolio managers. The firm has been judicious in its product development: It has just 10 funds, most recently launching Boston Trust Walden International Equity in 2015. The firm sets clear capacity guidelines and has closed funds when they reached those targets: Boston Trust Walden Small Cap, for instance, has closed twice since 2013, including in May 2023.
The firm, which managed USD 14.5 billion as of June 2023 after a decade of steady growth, stands out in other areas. Boston Trust Walden is 100% employee-owned, and nearly all 35 investment professionals own equity, helping with retention and alignment of interests. Some retirements of key leaders—including CIO William Apfel and ESG leaders Heidi Soumerai and Tim Smith—have recently occurred, but the firm has a solid approach to succession planning. Well in advance of retirement dates, the firm announces retirements and promotes or hires capable replacements, and each strategy is collegially managed, supporting seamless transitions. In part a function of its quality investment approach, the firm boasts attractive Morningstar Risk Ratings.