F.L.Putnam Secures Strategic Minority Investment from Bixby Wealth Solutions
F.L.Putnam Investment Management Company (FLP) has announced a strategic minority investment by Bixby Wealth Solutions, an arm of Moontower Group. The undisclosed financial terms are intended to provide FLP with additional capital for advisor growth, client experience enhancement, and national expansion. As of July 1, 2026, the firm manages over $11 billion in assets across more than 14 U.S. offices. FLP will continue operating independently under CEO Tom Manning's leadership, while employees retain a significant minority equity stake. The investment is expected to support FLP’s growth through talent acquisition and technology investments as well as selective market expansion opportunities. Bixby, backed by Carlyle Group (NASDAQ: CG), specializes in strategic partnerships with independent wealth management firms. Moontower founder Russell Valdez praised the leadership team at FLP for building a strong culture and client-focused brand. Ardea Partners LP served as exclusive financial advisor to FLP during this transaction.
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