FLP Acquires Arcadia RIA Overseeing $670M in Assets
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowFL Putnam Investment Management Company has acquired Arcadia Investment Management Corporation, which manages over $670 million in assets. This acquisition marks FL Putnam's first expansion into the Midwest, establishing its first office in the region. Arcadia, founded in 1987, primarily serves high-net-worth clients, foundations, and endowments. Following the acquisition, FL Putnam's assets under management now exceed $10 billion, enhancing their growth potential and market presence.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
Related News
Unconventional AI Acquires NeuReality Chip Startup to Accelerate Development
Oct 26
EQT (EQT) to Buy Range Resources in $13 Billion All-Stock Deal
Oct 26
Umios to Acquire High Liner Foods for Over $800 Million
Oct 26
Teck (TECK) Faces Strike of Over 1,200 Workers at Highland Valley Copper Mine
Oct 26