FL Putnam buys Michigan RIA Arcadia

FL Putnam Investment Management Company has purchased Arcadia Investment Management Corporation, a registered concern advisor successful Kalamazoo, Michigan, overseeing much than $670m successful assets.

The transaction marks FL Putnam’s archetypal acquisition successful the Midwest and establishes its archetypal bureau successful the region.

Arcadia, acceptable up successful 1987, works with high-net-worth clients and families arsenic good arsenic endowments and foundations.

Its enactment squad includes president Michael L. Mueller, vice-president and treasurer Jerry B. Love and main compliance serviceman Dorsey M. Martin.

Michael Mueller commented: "We are excited to statesman this caller section with Tom and his team. FLP shares our committedness to lawsuit work and investing, and this operation positions america good for continued growth."

Jerry Love added: "We are assured successful this concern and the caller services it offers our clients. We stay focused connected delivering the precocious modular of work our clients expect, present arsenic portion of the FLP family.”

Arcadia’s squad of six, including wealthiness advisor Charles J. Ybema, has moved to FL Putnam pursuing the acquisition.

FL Putnam is an autarkic registered concern advisor based successful Lynnfield, Massachusetts.

It works with individuals, azygous and multi-family offices, endowments, foundations, and different wealthiness managers, and offers investment, fiscal planning, trust, and household bureau services.

The institution has operated nationally for much than 40 years.

FLP CEO Tom Manning said: "Our concern with Arcadia is simply a pivotal infinitesimal successful FLP's growth. Gaining a carnal beingness successful the Midwest, a marketplace with tremendous opportunity, led by a seasoned squad of concern professionals, strengthens our level significantly. With assets nether absorption present surpassing $10 billion, we are well-positioned to present exceptional worth to clients crossed the country.”

"FL Putnam buys Michigan RIA Arcadia " was primitively created and published by Private Banker International, a GlobalData owned brand.

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