On April 10, 2024, F.L.Putnam Investment Management Company announced that it signed a definitive agreement to acquire Darwin Trust Company.
F.L.Putnam Investment Management Company (“F.L.Putnam”) announced on April 10, 2024 that it agreed to acquire Darwin Trust Company (“Darwin”). Upon closing, Darwin will retain its name and Melissa Sommer, co-founder, CEO and president of Darwin, will serve as Managing Director. Further terms of the transaction were not disclosed.
F.L.Putnam, based in Lynnfield, Massachusetts, is an independent registered investment advisor that provides investment management, financial planning, and consulting services. As of March 2024, F.L.Putnam had approximately $8.6 billion in assets under advisement.
Darwin, based in Nashua, New Hampshire, is a trust company serving high-net-worth individuals and families.
To read the press release: please click here.