On November 6, 2024, Seward & Kissel client Emigrant Partners, LLC announced a reinvestment in F.L. Putnam Investment Management Company.
Emigrant Partners, LLC (“Emigrant”) announced on November 6, 2024, that it made a minority reinvestment in F.L. Putnam Investment Management Company (“FLP”). Emigrant first announced its minority investment in FLP back in 2022. Further terms of the transaction were not disclosed.
Seward & Kissel client Emigrant, based in New York, is a capital advisory services partner specializing in non-voting, minority investments in wealth and asset managers. Emigrant is currently partnered with 19 firms with approximately $100 billion in aggregate assets under advisement.
FLP, based in Lynnfield, Massachusetts, is an independent RIA that provides investment management, financial planning, and consulting services. As of July, FLP had approximately $10 billion in assets under management.
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