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Exhibit 21.1

LIST OF SUBSIDIARIES OF

BOSTON PRIVATE FINANCIAL HOLDINGS, INC.

As of December 31, 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