CEO Tom Manning sat down with Mainebiz to discuss F.L.Putnam’s growth strategy including recent firm acquisitions and hires. The article titled “Wealth management firms are growing as they navigate client expectations” looks at how local firms are adapting their business models to meet the needs of clients today.
Tom commented….
“It’s hard for people to work with three or four service providers. If they can work with one firm that can help them think through their retirement plan, think through their estate plan, think about education or long-term care planning — there’s real demand for that.”
“As registered investment advisors grow and scale, the need for sophisticated investment advice, tools and capabilities increases exponentially.” This is why we expanded into the alternative investment space. “Alternatives provide diversification.”
Read the full story here.