F.L. Putnam Investment Management Company Secures Minority Investment from Bixby Wealth Solutions
LYNNFIELD, Mass., July 29, 2026 /PRNewswire/ — F.L. Putnam Investment Management Company (“FLP”) has announced a minority investment from Bixby Wealth Solutions, part of Moontower Group. The financial details of the transaction remain undisclosed.
FLP manages over $11 billion in assets and employs more than 165 professionals across 14 U.S. offices. The firm will continue operating independently, led by CEO Tom Manning along with significant minority equity stakes held by FLP employees.
“This strategic investment positions FLP for our next phase of growth,” said Manning. The partnership with Bixby will enhance FLP’s ability to invest in personnel and technology while facilitating expansion into new markets.
Bixby, backed by Carlyle’s Global Credit Business, specializes in forming strategic partnerships with independent wealth management firms, offering scalable capital for growth.
Russell Valdez, Managing Partner of Moontower Group, expressed enthusiasm about supporting FLP’s next growth chapter, emphasizing its strong culture and commitment to clients.
Ardea Partners LP acted as an exclusive financial advisor to FLP.
About F.L. Putnam Investment Management Company
FLP is an independent registered investment adviser serving a diverse client base, including individuals and family offices. Headquartered in Lynnfield, Massachusetts, FLP has been providing investment and financial planning services for over 40 years. For more information, visit FLP’s website.
About Bixby Wealth Solutions
Bixby focuses on strategic partnerships with wealth management firms, providing capital and fostering internal equity ownership.
About Moontower Group
Based in Austin, Texas, Moontower aims to build enduring companies in financial services and real assets. Further details can be found at Moontower’s website.
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SOURCE: F.L. Putnam Investment Management Company
