F.L.Putnam Investment Management Company

Private Client Advisor Katharine C. Manning RMA® and Chief Market Strategist and Portfolio Manager Ellen Hazen, CFA attended LCWR Assembly 2024 in Orlando last week. F.L.Putnam advises many nonprofits including catholic charities on their investment goals and objectives. It was great to be part of this incredible event which drew over 700 attendees from 13 different countries.

We kick off our fall webinar series on September 19 with a discussion on real estate. This asset class can be a complementary fit to many investment portfolios. Join members of our investment, research, and financial planning teams - Steven Violin, CFA, Emmett Maguire, Michael Boensch, and SUSAN JOHN - as they explore the benefits and tax-related considerations of converting an existing property into an investment property and public vs. private REITs. Register: https://bit.ly/4fSBkVc

Today we would like to introduce our newest team members in New York City. Gren Gooder and Daniele Seitz have provided portfolio management services to high-net-worth investors, trusts, and foundations since 2004 and serve clients throughout New York and Ohio. Please join us in welcoming them to F.L.Putnam.

Several members of our team had the pleasure of attending the annual Edward MacDowell Medal award ceremony, which honors an individual artist who has made an outstanding contribution to their field. The Medal is awarded by MacDowell, a New Hampshire-based #nonprofit organization that provides essential support for emerging and established artists, and at Medal Day, a free and public annual event on their grounds. It was a great afternoon celebrating the arts community and this year’s recipient, arts icon and activist Yoko Ono.

Please join us in welcoming our newest team members in Mashpee, MA and Charleston, SC. This four-person team brings decades of financial planning experience, especially with retirees and women, and adds a new office for us on Cape Cod. We look forward to great things David, Keyana, Therese, and Nicole!

Small-capitalization US equities sharply outperformed during the month of July. The S&P SmallCap 600 Index appreciated 10.8%, while the S&P 500 Index appreciated only 1.2%. Will the rally continue? Our Chief Market Strategist and Portfolio Manager Ellen Hazen, CFA discusses this and more in her monthly #markets report. https://bit.ly/4ddPGOm

Atrato Consulting’s Managing Director of Investment Manager Research Michael Boensch recently sat down with FundFire Alts to talk about advisor interest in the #REIT market. According to Mike, while there are some new non-traded REITs in the market, there isn’t a lot of urgency to allocate to core real estate right now given the expansion of the semi-liquid market and the increase of private equity and infrastructure products.

We are pleased to introduce our new team members in Amherst, NY and South Florida. Led by Arbor Capital Management founders Lawrence McGowan and Gerald Cole, this seven-person team brings deep investment management experience having served the financial needs of high-net-worth individuals, family businesses, and institutions since 1995. Please join us in welcoming Larry, Jerry, Magda, Daniel, Leo, Kathleen and Sandra to the F.L.Putnam team.

The aerospace sector has been a growing area of interest for #familyoffices. Our Managing Director of Family Office Solutions Stephanie Bruckner discusses why firms are attracted to the industry with Marcus Baram at Crain Currency. https://ow.ly/eU1650SMqEp Disclosures: https://ow.ly/pVHw50SMqEr

We are thrilled to announce that F.L.Putnam has expanded its East Coast footprint with the acquisitions of Arbor Capital Mgmt Corp. (Amherst, NY), Four Ponds Financial Planning (Mashpee, MA) and Ascension Asset Mgmt (New York, NY). These three #RIAs deepen our financial planning and investment management capabilities and add more than $1.25 billion in assets under management, 450+ clients, 10 advisors and 2 new offices in Western New York and Cape Cod. Commenting on the acquisitions CEO Tom Manning said, “F.L.Putnam has become an attractive destination for successful RIAs to accelerate their growth and scale their businesses as we can add complementary services and solutions they don’t currently offer today. Larry, Jerry, David, and Gren have built solid businesses with strong reputations in their respective markets. We are excited to have them join our growing team and look forward to investing further in the local markets in which they operate.” Read the announcement: https://bit.ly/46jBaSs