Putnam Investments Launches Major Effort To Help Financial Advisors “Maneuver In Markets”

BOSTON, January 20, 2016Putnam Investments today announced it is launching a multi-faceted program to help advisors — and their clients — navigate some of the most vexing challenges of today’s financial markets, as investors confront low interest rates, highly volatile markets and geopolitical instability.

Named “Maneuver in Markets,” the broad-based Putnam informational campaign is designed to provide the advisor community with an ongoing stream of timely observations and perspectives to create deeper understanding of the rapidly changing market environment and potential investment strategies to help clients achieve their key financial goals, despite prevailing headwinds.

“In recognizing that meticulous investment research and flexible management strategies are crucial to helping investors “maneuver in markets,” we will be bringing a new dimension to our dialogue with the marketplace this year,” said Robert L. Reynolds, President and CEO, Putnam Investments. “As a firm that has spent years piloting investors through virtually every type of investment climate, we are committing the full force of our resources and best thinking to help advisors steer their clients through these times.”

In discussing the “Maneuver in Markets” campaign, William T. Connolly, Co-Head of Global Distribution, Putnam Investments, said, “The high-quality, thoughtful advice dispensed by financial advisors has never been more important than it is today. Putnam recognizes that there is a critical need for new levels of insight on the drivers of current market conditions and how to solve for optimal outcomes. Advisors will be able to count on a steady flow of new, high-impact research, analysis and tools that they can apply to their work in guiding clients.”

The “Maneuver in Markets” program will largely center around four key challenges facing investors today:

  • Navigating interest rates: addressing client challenges with active rate strategies
  • Expanding short-term choices: preserving client options and capital
  • Diversifying to reduce risk: seeking to manage volatility and diversification
  • Pursuing greater returns: evaluating the performance potential of equities

Mark McKenna, Head of Global Marketing, Putnam Investments, indicated that there will be a frequent delivery of robust content to the marketplace — through a host of different vehicles — to support advisors and their clients on the most topical investment issues of the day. Primary components of the “Maneuver in Markets” program will include regular updates on www.putnam.com, thematic video commentary from portfolio managers, investment webinars, expert white papers on a range of topics, social media, and digital and print advertising.

The firm expects to have a series of updates on the program throughout the year.

Putnam Investments’ receives DALBAR Total Client Experience Award for fifth consecutive year

BOSTON, January 12, 2016Putnam Investments today was announced the recipient of the DALBAR Total Client Experience award for the fifth consecutive year, reflecting the firm’s dedication to delivering superior customer service to its retail mutual fund clients. As the sole recipient of the award, Putnam is being honored for providing quality, accuracy, and client security.

The award is based on DALBAR’s measurement of the complete experience of the customer, evaluating the level of professionalism that is demonstrated by the financial services firm’s personnel and the follow through — the accurate execution of transactions and requests while ensuring thorough security protocols.

“Putnam is pleased to receive this special recognition from DALBAR,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. “Our firm’s longstanding commitment to creating an excellent client service experience is a chief priority of our work — each and every day — and reflective of our philosophy that the client always comes first.”

2015 marks the 26th consecutive year in which Putnam has received a DALBAR service quality award.

DALBAR, Inc., the nation’s leading financial services market research and consulting firm, is committed to raising the standards of excellence in the financial services industry. With offices in both the US and Canada, DALBAR develops standards for, and provides research, ratings, and rankings of intangible factors to the mutual fund, broker/dealer, life insurance, property and casualty, and managed account industries. Measurements include investor behavior, customer satisfaction, service quality, communications, Internet services, and financial professional ratings.

Putnam Investments to establish new headquarters in 2018 at 100 Federal Street

BOSTON, January 11, 2016Putnam Investments today announced that the firm’s Boston-based headquarters will be located at 100 Federal Street in the city’s financial district, with the move of personnel slated for 2018.

The firm has secured a 15-year lease agreement with Boston Properties for nearly 250,000 square feet of space — equating to 11 floors, along with a highly visible presence in the lobby and on the building’s facade. Putnam expects to have approximately 1,000 employees in the new facility after relocation, with flexibility to accommodate expected growth of the firm’s employee base in years to come.

“As a firm that takes great pride in its Boston heritage, Putnam Investments is extremely pleased to establish our global headquarters in a building that is a powerful presence on the city’s landscape, symbolizing the strength of the region’s financial services industry,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments.

Reynolds explained that it was a top priority to maintain and strengthen the firm’s nearly 80-year roots in Boston, which has long been considered a premier international city and a world-renowned center of education — with an extraordinarily deep talent pool, a thriving financial hub and a well-recognized quality of life.

“Our corporate headquarters has always been a reflection of our identity, sense of purpose and commitment to excellence, as we do our best each day to serve clients and deliver strong investment performance,” indicated Reynolds. “The 100 Federal Street location offers the ideal mix of modern, high-quality facilities in the heart of Boston’s financial district, with flexibility of space that will allow our firm to grow its onsite presence — as our business grows — over time.”

Putnam will be making the move to 100 Federal Street from its current headquarters, located at One Post Office Square, where the firm has been based since 1978. Presently, the firm leases over 240,000 square feet at the facility.

In addition to its downtown Boston location, Putnam maintains a sizable office north of the city in Andover, Massachusetts, which houses a number of key operations and functions for the firm. Putnam expects to continue to expand its Andover presence in future years.