Financial Focus, Inc., a financial planning firm in Wolfeboro, was acquired by F.L.Putnam Investment Management Company of Wellesley, Massachusetts. Financial terms were not disclosed.
Following this latest acquisition, F.L.Putnam now has four offices across New England, 47 employees and $2.1 billion in assets under management. Financial Focus’ President and Founder, Susan MacMichael John has assumed the role of managing director of financial planning and her entire team has joined F.L.Putnam. The combined business will be headquartered in Wellesley, Massachusetts.
MacMichael John has more than 30 years of personal financial planning experience and was recently named one of the “Top 20 Women to Watch” by InvestmentNews, one of the financial industry’s leading trade publications.
“F.L.Putnam shares our passion for personal service, as well as our commitment to delivering unbiased financial advice to help clients make informed decisions about their financial future,” says. MacMichael John. “We are proud to be joining the team at F.L.Putnam and to be able to offer their exceptional portfolio management services to our clients.”
Tom Manning, CEO at F.L.Putnam says the firm has made it a priority to build out financial advisory capabilities and creating a comprehensive set of reporting tools, and expanding its footprint to deliver more services to clients locally, “We are extremely fortunate to be able to offer our clients an expanded team of high caliber financial advisors, led by a distinguished expert such as Susan.”