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Exhibit 21.1

LIST OF SUBSIDIARIES OF

BOSTON PRIVATE FINANCIAL HOLDINGS, INC.

As of September 30, 2019

Subsidiaries of the Company		State or Other Jurisdiction of Incorporation
Boston Private Capital, Inc.		MA
Boston Private Bank & Trust Company		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, Inc.		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