On July 25, 2024, F.L.Putnam Investment Management Company, which is backed by Seward & Kissel client Emigrant Partners, announced that it acquired Arbor Capital Management, Four Ponds Financial Planning, and Ascension Asset Management.
F.L.Putnam Investment Management Company, (“F.L.Putnam”) announced on July 25, 2024, that it had acquired Arbor Capital Management (“Arbor”), Four Ponds Financial Planning (“Four Ponds”), and Ascension Asset Management (“Ascension”). The three deals closed on June 30. Further terms of the deals were not disclosed.
F.L.Putnam, based in Lynnfield, Massachusetts, is an independent RIA that provides investment management, financial planning, and consulting services. As of August, F.L.Putnam had $7.9 billion in assets under management. F.L. Putnam is backed by Seward & Kissel client Emigrant Partners.
Arbor, based in Amherst, New York is an RIA independent wealth management firm specializing in financial growth and wealth preservation services. As of June 2024, Arbor had $950 million in assets under management.
Four Ponds, based in Mashpee, Massachusetts, is an RIA fee-only financial planning and investment management firm. As of June 2024, Four Ponds had $150 million in assets under management.
Ascension, based in New York, is an RIA offering investment advisory services to individuals, families, and foundations. As of June 2024, Ascension had $170 million in assets under management.
To read the press release: please click here.