From the eighteenth century to the present, Boston business men and women have instigated financial innovations that have dramatically changed the way the nation banks and invests, and in the process have made possible so many other innovative ventures. Boston pioneered joint stock companies and the "trust." In the second half of the nineteenth century, Boston financiers like Charles F. Adams, the son and grandson of presidents, financed railroads and mines in the west. Major financial innovations have continued over the past century, making Boston the #3 city in the world for asset management.

First Commercial Bank in Nation: Bank of America
Key Developer of Venture Capitalism: American Research and Development Company
Ponzi or Pyramid Scheme
Introducing the Mutual Fund: MFS
Making the Mutual Fund a Household Word: Fidelity
   
Boston Money Tree by Russell Adams, 1977