F.L. Putnam Investment Management has purchased Financial Focus, a wealth manager based in New Hampshire.
Neither of the companies revealed the price paid for the deal.
Go deeper with GlobalData
The acquisition adds $275m in assets to the acquirer’s portfolio.
The merged entity will be based in Wellesley, Massachusetts.
Currently F.L.Putnam employs 47 people across four offices in New England. The business oversees $2.1bn in assets.
The entire team at Financial Focus, including its president and founder Susan MacMichael John, will now move to F.L.Putnam.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“F.L.Putnam shares our passion for personal service, as well as our commitment to delivering unbiased financial advice to help clients make informed decisions about their financial future,” MacMichael John noted.
MacMichael John will serve as managing director of financial planning at the combined group.
F.L.Putnam CEO Tom Manning said: “Susan and her team of senior financial advisers bring decades of experience that will significantly enhance F.L.Putnam’s financial planning services.
“Over the past few years we have made it a priority to build out our financial advisory capabilities, as it has become essential for our private clients.
“We have created a more comprehensive set of reporting tools that allow clients to view their financial lives more holistically, launched a NexGen financial planning offering, and expanded our footprint to deliver more services to clients locally.”
