F.L. Putnam Acquires Investment Adviser Salem Capital Management.
MANews-(C)2009-2022
Massachusetts, US-based investment management and financial planning firm F.L. Putnam Investment Management Company has acquired Massachusetts-based registered investment advisor Salem Capital Management, the company said.
Financial terms of the deal were not disclosed.
This is F.L. Putnam's third acquisition in three years. The firm acquired alternative investment research and advisory firm Atrato Advisors last year and financial planning firm Financial Focus in 2019.
F.L. Putnam has USD 5.4bn in assets under advisement and a team of 84 professionals across six...
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