F.L. Putnam Buys Three RIAs, Adds $1.25B AUM

F.L. Putnam Investment Management Co. announced that it has acquired three independent RIAs that will bring in more than $1.25 billion in assets under management, 10 advisors and new offices in Western New York and Cape Cod, Mass.

The Lynnfield, Mass., RIA said in a press release today that the transactions, which closed June 30, have boosted its AUA to more than $10 billion and AUM to $7.9 billion. Putnam didn’t disclose financial terms of the deals.

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https://www.fa-mag.com/news/f-l--putnam-buys-three-rias-adding--1-25n-in-assets-78944.html?section=126