F.L.Putnam Investment Management Company has announced a minority investment from Bixby Wealth Solutions, an arm of Moontower Group. Financial terms of the transaction were not disclosed.
F.L.Putnam manages more than $11 billion in assets for clients as of 1 July 2026 and has more than 165 employees across 14 US offices. The firm will continue to operate independently under the leadership of chief executive Tom Manning, and employees will continue to hold a significant minority equity stake.
"This strategic investment positions FLP for our next phase of growth," said Manning. "Partnering with Bixby provides us additional flexibility to invest in our people, technology, and capabilities while pursuing selective opportunities to expand into new markets and welcome like-minded advisors to the firm."
Manning also acknowledged the firm's previous backer: "I would like to thank the Emigrant Partners team for their support and assistance over the past four years."
Bixby is a specialist platform that forms strategic minority partnerships with independent wealth management firms and is backed by Carlyle's Global Credit business. It states that it offers scalable capital to support growth while promoting internal equity ownership across generations.
"We believe Tom and the FLP leadership team have built an exceptional firm with a strong culture, a highly respected brand, and an unwavering commitment to their clients," said Russell Valdez, managing partner and founder of Moontower Group.
Ardea Partners LP served as exclusive financial adviser to F.L.Putnam. The firm serves individuals, single and multi-family offices, endowments, foundations and other wealth managers, and is headquartered in Lynnfield, Massachusetts.
The structure — minority capital, preserved independence and retained employee equity — has become a recognisable alternative to outright sale for advisory firms seeking growth capital without ceding control.
UKFOS Editorial · 30 JULY 2026