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Franklin Templeton’s Putnam buy raises doubts about scaling old-school asset management
The $1.4 trillion fund company continues to grow through acquisitions in a shrinking category.
Fidelity readies ESG target-date series
The firm would be one of several companies providing sustainable target-date funds in the US.
Putnam launches sustainable target-date series for retirement savers
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
Putnam hires ESG leader from BofA
Jackie VanderBrug has been appointed Putnam’s head of sustainability strategy, reporting to CEO Robert Reynolds.
Putnam planning 5 new active ESG-focused ETFs
The new exchange-traded funds will serve as the underlying components for Putnam's ESG-focused target-date series, in addition to the company's existing Sustainable Leaders ETF and Sustainable Future ETF.
Putnam to revamp target dates with sustainable focus
The company will rename the product line with the funds switching to underlying investments in Putnam ETFs that follow ESG criteria.
Are asset managers giving plain old funds a green tint?
The greenwashing trend is raising eyebrows among advisers who wonder whether firms are just jumping on the ESG bandwagon.
Putnam launches its first ETFs
The four actively managed funds are based on strategies employed in the asset manager's mutual funds, including ESG offerings.
Putnam latest old-school fund firm to sell semitransparent ETFs
The 84-year-old fund complex enters the ETF market with four funds, including two ESG strategies, and joins a host of fund companies seeking opportunities in the semitransparent space.
Putnam, Emory University settle ERISA lawsuits
The investment firm will pay $12.5 million to put a 2015 case behind it, court records show
F.L. Putnam acquires Financial Focus and $275 million in AUM
Acquisition adds presence in Wolfeboro, N.H., to firm's New England footprint.
Great-West Life taps Edmund Murphy to succeed Robert Reynolds as CEO
Reynolds becomes chairman of Great-West Lifeco US
Annuity and mutual fund interests at odds over 401(k) disclosures
Insurance groups facing off against retirement industry stakeholders over issue of lifetime income illustrations.
Fund industry limits C-share investing, cutting 12b-1 fee income for advisers
Growing pressure on fees and disclosures drives fund industry limits on C-share investing.
Social media helps gain clients, but changes relationships, study finds
Putnam research reveals more frequent, but less personal, adviser communications.
Cost-cutting takes precedence in competitive defined-contribution environment
Managers of target-date funds continue to find ways to reduce fees
Retirement-savings advocates to mobilize forces if tax-reform plan cuts benefits
If 401(k) pre-tax contributions are curtailed, several groups plan to launch nationwide campaigns against the effort.
‘Rothification’ to pay for tax cuts seen as losing momentum, for now
Retirement-savings proponents remain vigilant in protecting deferrals as GOP releases tax-reform framework.
Putnam, Fidelity win respective 401(k) lawsuits
The legal victories come as asset managers are under fire for their dealings with retirement plans.
Power Financial invests $37 million in Wealthsimple as robo seeks bigger U.S. market share
Power, the Canadian parent of Putnam Investments and Great-West Financial, has now invested a total of $74 million in the robo-adviser
