$11B F.L.Putnam Lands Minority Investment from Bixby Wealth

F.L.Putnam, a registered investment advisor based in Lynnfield, Massachusetts, secured a new minority investment from Bixby Wealth Solutions. This deal brings Bixby Wealth into the fold as the firm continues to grow its presence across the United States.

Under the terms of this transition, current CEO Tom Manning and the existing leadership team remain in control of the firm. They will continue to hold majority ownership alongside their employees. The agreement also marks an exit for Emigrant Partners, which held a minority stake in F.L.Putnam since 2022.

Since that initial investment four years ago, the RIA has experienced significant expansion. It has nearly doubled in size, growing to over $11 billion in assets under management. The firm has executed several strategic moves, including the recent acquisition of Seascape Capital Management in New Hampshire and the opening of a new office in Michigan earlier this year.

Bixby Wealth Solutions is an Austin-based firm backed by the Carlyle Global Credit Business. This new partnership aims to provide F.L.Putnam with capital flexibility to invest in technology and personnel. The leadership team intends to use these resources to pursue new market opportunities and integrate additional advisory talent into the firm.