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F.L.Putnam Funding Administration Firm is bringing belief companies in-house with a deal to purchase New Hampshire-chartered Darwin Belief Firm.
Based in 2019 by Lawyer John Gosselin and Melissa Sommer, a CFP and CPA, Darwin serves round 110 rich shoppers from workplaces in Arlington, Mass., and Nashua, N.H.
Darwin will maintain its title after the deal closes, and Sommer will act as managing director. All belief staff within the Arlington workplace might be transferred to the RIA’s Lynnfield, Mass., headquarters. Monetary phrases weren’t disclosed.
“We’re happy to have recognized such an distinctive workforce to guide our belief enterprise,” F.L.Putnam CEO Tom Manning shared in assertion, calling the deal an “necessary step in direction of our dedication to ship refined companies and options.”
“This acquisition represents an thrilling new chapter for Darwin because it permits us to leverage F.L.Putnam’s intensive assets and experience to boost the worth we ship to our shoppers,” mentioned Gosselin.
“We sit up for working alongside Tom and the workforce at F.L.Putnam to supply holistic options to satisfy the wants of our collective shopper base,” added Sommer.
F.L.Putnam has been named to WealthManagement.com’s RIA 100 listing, twice, for remaining centered on shopper service amid industry-leading progress charges. The agency gives a menu of funding, monetary planning, and household workplace options for people, single and multi-family workplaces, endowments, foundations, and different RIAs.
After rising property by virtually $2 billion over the past 12 months, F.L.Putnam manages about $6.1 billion for greater than 1,800 households—together with 1,058 shoppers with a mean of $4 million invested—171 charities and 13 firms.
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