« Back | Press release: May 14, 2012

Putnam Investments Names New External Wholesalers

Industry Pros Join Firm’s Expanded Retail Distribution Team

Putnam’s External Wholesaling Team Rated #1 by Advisors In a Series of Categories, According to Recently Released kasina Survey

As part of its effort to build and maintain a robust, highly experienced team of retail distribution professionals nationwide, Putnam Investments has recently named new additions to its highly rated external wholesaling team to further broaden and deepen relationships with major wirehouses, regional broker/dealers, insurance companies, banks and independent brokerage houses.

“In seeking to serve the increasingly complex needs of the investment marketplace with thoughtful and innovative product solutions and practice management resources, Putnam has assembled an extraordinary group of savvy, highly committed professionals to work closely with advisors and their home offices to make available the full breadth of what Putnam has to offer,” said William T. Connolly, Head of Global Distribution, Putnam Investments.

Connolly indicated that recently, the Putnam external wholesaling team was further strengthened through the addition of several industry veterans joining the firm, as well as the promotion of existing colleagues who benefited from the firm’s rigorous, well-established internal training program. Additions include:

  • Daniel Greene — covering Tennessee and Kentucky (joins from Sun Life Financial Distributors; 10 years of industry experience)
  • Pat Haley — Oregon (internal Putnam promotion; 6 years)
  • Paul Hallisey — Virginia (internal Putnam promotion; 6 years)
  • Chad Kastner — Minnesota, Iowa and parts of Wisconsin, and North and South Dakota (Sun Life Financial Distributors; 15 years)
  • Kyle Lopriore — Northern California (internal Putnam promotion; 6 years)
  • Joseph McMenamin — Northern and Central New Jersey (Hatteras Funds; 20 years)
  • Rachel Moran — Los Angeles (Dreyfus Investments; 6 years)
  • David Taylor — Northern Texas and Louisiana (Edward Jones Investments; 17 years)
Multiple Category Leader, According to kasina Survey

In noting the impact made by Putnam in working with the advisor-sold marketplace, Connolly pointed to an April 2012 research report by kasina in which financial intermediaries rated Putnam Investments’s external wholesalers #1 for their tailored needs-based approach. The report also indicated that advisors participating in the study had rated Putnam #1 in a series of additional categories, including: connecting with the advisor on a personal level, effectiveness of follow-up, ability to help the advisor build their business, delivering of value-added programs, knowledge about their firm’s products, and providing access to portfolio managers and investment experts.

Putnam’s Commitment to Financial Advisors

Since Robert L. Reynolds became Putnam’s president and chief executive officer in 2008, the company has deepened its commitment to financial advisors and launched a series of innovations and initiatives to meet the emerging needs of advisors and their clients. Putnam has emphasized the use of technology, especially the web, to provide advisors with the tools and information they need to assist their clients.

As part of its evolving strategy to utilize leading technology and web-based capabilities to further help advisors and their clients achieve their financial goals, Putnam launched a new website dedicated to providing advisors with a dynamic, personalized experience. Among its many innovative features, the website, at www.putnam.com/advisor, allows for advanced, open-architecture portfolio modeling — named FundVisualizerTM — to assist them in their work with clients.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with nearly 75 years of investment experience. At the end of April 2012, Putnam had $124 billion in assets under management. Mutual fund assets were $63 billion. Institutional assets were $61 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.

Putnam mutual funds are distributed by Putnam Retail Management.

All funds involve risk, and you can lose money. See prospectus for details.

Kasina’s Q4 2011 FA Vision Benchmarking survey received responses from 2,553 advisors and provides insights into advisor loyalty, product and brand perceptions. The survey also offers evaluations of Internal and External Wholesaling. Twenty two firms were included and the survey was conducted between October 14 and December 7, 2011. Putnam had a respondent base of 108 advisors, and 50 answered questions about our External Wholesalers. Scores are measured against all twenty two firms to determine survey results.