# Capital Planning Advisors

Capital Planning Advisors is a Pension Fund based in Boston, MA, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Boston, MA, United States
- **Region:** North America
- **Address:** 101 Huntington Avenue Suite 1300, Boston, MA, United States
- **Founded:** 1944
- **Assets under management:** Undisclosed
- **Website:** www.bluecrossma.org
- **LinkedIn:** https://www.linkedin.com/company/capital-planning-advisors-inc

## Regulatory record

- **CRD number:** 163572
- **SEC file number:** 801-79170
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-05-22T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163572

## About

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.

## Sectors

- Healthcare IT
- HealthTech

## People

- Jim Wilson — CEO and Managing Director
- Michael Sollazzo — Wealth Management Counsel and Partner

## 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.

### What asset classes receive allocation?

Public equities, private equity, real estate, commodities and a captive insurance vehicle form the main exposures.

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- [Macalester College](https://altss.com/profile/macalester-college)
- [Bristol Retirement System](https://altss.com/profile/bristol-retirement-system)

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Last updated: 2026-07-08T21:04:02.964Z

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