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Putnam chief Reynolds leads effort to fix DC plans
Financial services industry executives are expected to flex their muscles and make some radical changes to the nation's retirement system over the next several months — an effort that could significantly increase the amount of money flowing into 401(k) plans and guaranteed-lifetime-income products.
Putnam launches fund of funds to vie with ETFs
Firm also unveils tool to help advisers set up and test portfolio models
Putnam launches online calculator for retirement
Putnam Investments has launched an online tool for 401(k) plan participants that will calculate how much they can expect to receive in monthly income after they leave the work force.
Putnam’s Absolute Return Funds pass $1B mark — but are they big money-makers yet?
Putnam Investments’ Absolute Return Funds lineup passed the $1 billion asset mark as of Monday — less than…
Putnam unveils online IRA tools for financial advisers
Putnam Investments has joined the slew of fund companies launching online tools to help financial advisers talk to their clients about whether or not they should convert to a Roth Individual Retirement Account.
N.Y. Life, Putnam snag several new retirement specialists
New York Life Investment Management LLC and Putnam Investments have expanded their retirement sales forces. New York Life…
Putnam to launch simplified retirement income calculator
Putnam Investments has launched an online tool for 401(k) plan participants that will calculate how much they can expect to receive in monthly retirement income after they leave the work force.
Fidelity’s Sipple jumps to Putnam
Scott Sipple was named managing director and head of strategic relationship management at Putnam Investments, said spokeswoman Laura…
Putnam creates business channel for RIAs
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
Putnam CEO: Industry alliance needed to advance retirement reforms
For the defined-contribution-plan system to meet the goal of delivering lifetime income to retirees, an industrywide alliance will need to be established, Putnam Investments president and chief executive Robert Reynolds said today.
Putnam to combine absolute-return funds with target date funds
Putnam Investments expects to deploy its absolute-return funds within target date retirement funds — a strategy slated for launch this fall.
Putnam creates business channel for RIAs
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
Putnam adjusts target date slate, unveils new hybrid strategy
Putnam Investments of Boston today tweaked its slate of target date funds, and unveiled a new hybrid strategy across its platform of retirement fund offerings.
Putnam portfolio manager wary about commercial real estate
While Putnam Investments portfolio manager David Hilder is optimistic about the financial sector, commercial real estate and regulatory reform may hold some risk for diminished returns, he said at a press meeting yesterday in Boston.
Advisers to Putnam: Fee cuts not enough
Although Putnam Investments' decision to lower the management fees for some of its mutual funds — and to link its fees on others to performance — didn't go unnoticed by financial advisers, many say that they will hold off putting their clients' money into Putnam's funds until they see signs of improved long-term performance
Putnam to lower management fees, add performance fees on some funds
Putnam Investments has announced it is lowering management fees on several of its retail mutual fund categories in order to be more competitive.
Meet and ‘tweet’ the CEO in new Putnam ad campaign
Starting today, advisers and investors will be able to “tweet” all the way to the top of the C-suite at Putnam Investments.
Departing chief draws kudos for righting Putnam’s ship
Putnam Investment's reputation, tarnished as a result of once-poor mutual fund performance and past scandals, has been stabilized thanks to the efforts of its departing chairman, according to industry observers.
Putnam to close Franklin, Mass. facility
Putnam Investments is planning to close its Franklin, Mass., operations facility and fold it into its Boston headquarters and Andover, Mass., site by the end of the year, a company spokesman said today.
Putnam names Robert Reynolds leader of Putnam Funds, replacing Charles Haldeman
Putnam Investments announced today that Charles E. “Ed” Haldeman Jr. is retiring from his leadership positions at the Boston firm.
