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Capital Planning Advisors
Capital Planning Advisors operates as the investment vehicle for the Blue Cross and Blue Shield of Massachusetts, Inc. Retirement Income Trust.
Capital Planning Advisors
Capital Planning Advisors operates as the investment vehicle for the Blue Cross and Blue Shield of Massachusetts, Inc. Retirement Income Trust. The trust was established in 1944 by the community-focused not-for-profit health plan headquartered in Massachusetts. The portfolio allocates across public equities, private equity, real estate and commodities. Confirmed holdings include positions in FNMA, FHLMC and PIMCO All Asset Fund. Real estate exposure covers direct ownership of One Enterprise Drive in Quincy plus a minority stake in RREEF America II PF REIT LLC. Geographic reach centers on the United States with additional public market holdings in developed international equities via VEA. The firm reports 898 million USD in assets. It maintains a captive insurer, FERM Captive, LLC, valued at 142 million USD. In 2024 the corporate art collection donated over 500 pieces to community partners. The Roseville RIA component was acquired by BlueSpring Wealth Partners in December 2021. Investment decisions remain anchored to the sponsoring health plan rather than external LP capital. Governance flows through the plan's board and NEPC as investment advisor since 2001.
General information
Firm type
Pension Fund
Year founded
1944
Location
Region
North America
Country
United States
City
Boston, MA
Corporate office
101 Huntington Avenue Suite 1300, Boston, MA, United States
Principals
Jim Wilson
CEO and Managing Director
Michael Sollazzo
Wealth Management Counsel and Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Capital Planning Advisors?
Jim Wilson serves as CEO and Managing Director. Michael Sollazzo acts as Wealth Management Counsel and Partner. NEPC has served as investment advisor since 2001.
How is Capital Planning Advisors related to Blue Cross and Blue Shield of Massachusetts?
It serves as the investment entity for the Blue Cross and Blue Shield of Massachusetts, Inc. Retirement Income Trust. The health plan is the sponsoring organization.
Does Capital Planning Advisors participate in fund commitments or only direct deals?
The portfolio includes both public market holdings and direct real estate ownership. Private equity exposure appears through limited partnership interests such as Primus HY Bond Fund LP.
What asset classes receive allocation?
Public equities, private equity, real estate, commodities and a captive insurance vehicle form the main exposures.
Where does the underlying wealth come from?
The capital originates from the Blue Cross and Blue Shield of Massachusetts, Inc. Retirement Income Trust established in 1944.
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