With Power Financial Corp. acquiring Putnam Investments for $3.9 billion, it has succeeded in expanding its business into the U.S., but it also must turn around a company that has been bleeding assets for the past five years years, according to sister publication American Banker.

There is little prospect that the outflows will end soon. The Montreal financial services company might consider taking steps to reinvigorate the operation, such as changing management or a new distribution strategy, analysts say.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.