F.L.Putnam Acquires Darwin Trust Company of New Hampshire

Jensten Group Acquires Darwin Clayton

February 28, 2023

Insurance

Jensten Group has acquired specialist schemes broker Darwin Clayton for an undisclosed sum, subject to regulatory approval. The acquisition brings 44 staff, 2,300 clients and over £20M GWP into Jensten and will position Darwin Clayton as the Group’s centre of excellence for schemes and affinity business while CEO Simon Henderson reports to Jensten Retail MD Rob Organ.

F.L.Putnam Acquires Arbor Capital, Four Ponds Financial Planning, and Ascension Asset Management

July 25, 2024

Financial Services

F.L.Putnam Investment Management Company acquired three independent registered investment advisors — Arbor Capital Management (Amherst, NY), Four Ponds Financial Planning (Mashpee, MA), and Ascension Asset Management (New York, NY) — in transactions that closed June 30, 2024. The deals add more than $1.25 billion of AUM, roughly 10 new advisors, two new offices (Western New York and Cape Cod), and expand F.L.Putnam's financial planning and investment management capabilities across the East Coast.

Franklin Templeton (Franklin Resources) Acquires Putnam Investments from Great-West Lifeco

January 1, 2024

Wealth Management

Franklin Resources, Inc. (operating as Franklin Templeton) completed its acquisition of Putnam Investments from Great-West Lifeco on January 1, 2024. The deal brings complementary asset-management capabilities and increases Franklin Templeton's retirement and insurance-related AUM, while Great-West becomes a long-term shareholder in Franklin Resources.

NFP Acquires The Schuster Group (Schuster Driscoll) and TANGO

April 12, 2021

Financial Services

NFP has acquired Schuster Driscoll, LLC (d/b/a The Schuster Group) and its nonprofit membership platform, TANGO Administrative and Management Services, LLC, in a transaction that closed on December 31, 2020. The acquisition brings nonprofit-focused employee benefits and retirement advisory capabilities based in Farmington, Connecticut into NFP's Northeast region and is intended to expand NFP's services for nonprofit clients. Firm principal Rollin Schuster will join NFP as a managing director.

Pagaya Acquires Darwin Homes

January 11, 2023

Real Estate

Pagaya Technologies acquired Austin-based Darwin Homes to expand its single-family rental (SFR) platform by integrating Darwin's proptech software, operations and leadership. The deal makes Darwin a wholly owned subsidiary and is intended to create a data-rich, end-to-end SFR offering for residents, investors and service providers.

NFP Acquires Thompson Flanagan

August 1, 2021

Financial Services

NFP, a leading insurance broker and consultant, acquired TF Holdings, LLC (doing business as Thompson Flanagan) in a transaction that closed August 1, 2021. The acquisition expands NFP’s property & casualty presence in its Central region and adds Thompson Flanagan’s specialized expertise serving law firms, private equity firms, and their portfolio companies.