F.L.Putnam Announces Completion of Darwin Trust Company Acquisition

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F.L.Putnam Investment Management Company

Oct 08, 2024, 12:00 ET

LYNNFIELD, Mass., Oct. 8, 2024 /PRNewswire/ -- F.L.Putnam Investment Management Company today announced the completion of its acquisition of Darwin Trust Company of New Hampshire, LLC (Darwin), a New Hampshire-chartered trust company.

"This is an important investment for our firm and our clients and we are excited to enter this new chapter with Melissa and her team," commented Tom Manning, CEO of F.L.Putnam. "The acquisition of a New Hampshire-chartered trust company enables us to offer our clients distinct benefits from tax savings and asset protection to multi-generational asset transfer, led by an experienced trust services team."

The trust company will retain the Darwin name and will continue to be led by Melissa Sommer, CFA, CPA, co-founder, CEO and president of Darwin. All Darwin employees located in Arlington, Massachusetts will relocate to F.L.Putnam's corporate headquarters in Lynnfield. Darwin's New Hampshire employees will continue to work out of Darwin's current Nashua, New Hampshire office.

About F.L.Putnam Investment Management Company
F.L.Putnam is an independent registered investment advisor that serves individuals, single and multi-family offices, endowments, foundations, and other RIAs. The firm provides a comprehensive suite of investment, financial planning, and family office solutions that help clients build, preserve, and manage their wealth. Headquartered in Lynnfield, Massachusetts, F.L.Putnam has been serving clients nationally for more than 40 years. For more information, please visit www.flputnam.com or follow F.L.Putnam on LinkedIn.

Disclosure: Registration with the SEC should not be construed as an endorsement or an indicator of investment skill, acumen or experience. F.L.Putnam is not licensed to provide and does not provide legal, tax, or accounting advice to clients. Advice of qualified counsel or an accountant should be sought to address any specific situation requiring assistance from such licensed individuals. This article should not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products, or services. Nothing in this communication is intended to be or should be construed as individualized investment advice. All content is of a general nature.

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SOURCE F.L.Putnam Investment Management Company