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Putnam Investments is a investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston.
Updated May 31, 2023 2:50 pm ET. Listen. (1 min) Franklin has emerged in recent years as one of the money-management industry’s most active acquirers. Photo: Jeenah Moon/Bloomberg News. Franklin ...
Fund giant Franklin Templeton is buying Putnam Investments for $925 million and receiving a substantial investment from Great-West Lifeco, Putnam’s parent company and a subsidiary of Power Corp.
Putnam Investments’ parent company has agreed to sell the asset manager, one of the largest financial services companies headquartered in Boston, to Franklin Resources Inc. for about $925 million.
For investors pursuing tax-exempt income, we lowered the breakpoint for class A shares on 11 funds. See our new pricing. Amount invested. Sales charge. Under $50,000. 4.00%. $50,000 to $100,000. 3.25. $100,000 to $250,000.