Putnam Investments of Boston has joined with the Thomas H. Lee Company of Boston, a venture capital firm, to form a partnership which will permit Putnam to sell stakes in venture capital funds and other investment products to institutions and advisors serving high-net-worth investors. The partnership, to be known as TH Lee, Putnam Capital, plans to offer its first fund by Dec. 31. Putnam will have a 25 percent stake in the partnership, with Lee owning the balance. Putnam also has acquired a stake in Lee. Terms of that arrangement were not disclosed.
-
Fidelity has informed RIAs custodying with it to find new custodians if they can't get to $100M in AUM.
4h ago -
RIAs that custody less than $100 million with Fidelity have several options to choose from before being forced out of the firm next year. None of them is necessarily easy.
-
While it isn't a household name in most U.S. wealth management circles, RQD* Clearing just drew a substantial growth investment on the basis of its international clearing business. Can that translate to more stateside RIA relationships?
October 6 -
A prenup can start a couple's money conversation, protect an inheritance and even shape what happens if a surviving spouse remarries.
October 6 -
In their "bridge to wealth" study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.
October 6 -
Drive time with Alex Lundgren and other financial advisors helped spur a niche serving Micron employees in Idaho.
October 5










