Advisor-only Webcast | Putnam's 2021 Investment Framework | January 13, 2021

Tax Season 2020

TAX CENTER

Learn more and get 2020 tax resources, including information about capital gains for 2020, year-end tax estimates, tax rates for 2021, and more.

Visit the tax center

Vaccine not in time for jobs recovery

Putnam Perspectives

Vaccine not in time for jobs recovery

The U.S. labor market continues to lose steam as fewer Americans were able to find work amid surging Covid-19 cases.

Tracking CARES Act tax changes

Wealth Management Ideas

Tracking CARES Act tax changes

With a range of temporary tax code changes instituted by the CARES Act in 2020, tracking tax changes that are extended into 2021 can be a challenge.

FUND AWARDS

2019 rankings in Barron's Top Fund Families
(published February 2020)

One year

#8 out of 55

Five years

#26 out of 52

Ten years

#8 out of 45

Refinitiv Lipper fund awards

George Putnam Balanced Fund (PGEJX) R6 shares

Best Fund over 3 years and 5 years (Mixed-Asset Target Allocation Moderate Funds category)

Putnam Income Fund (PINHX) R6 shares

Best Fund over 3 years (Core Bonds Funds category)

Capital Markets Outlook  |  Q1 2021

The market’s potential sugar high

The market’s potential sugar high

Amid a likely tug-of-war between positive and negative economic news, we favor investing with a flexible approach.

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Equity Outlook  |  Fixed Income Outlook

Advisor Tech Tips

Directions 2021: Five trends in the advisor-client relationship for a post-pandemic world

Directions 2021: Five trends in the advisor-client relationship for a post-pandemic world

The pandemic has created unforeseen and unimaginable challenges in 2020. As we anticipate the availability of vaccines and a "return to normal," how will the advisor-client relationship shift in the upcoming years?

Headlines you need to know this week   —   January 12, 2021

Technology is key to business growth
As working remote is becoming the new normal, many financial professionals are seeking ways to optimize technology to grow their businesses. A recent survey found the pandemic drove increased demand for financial advice in 2020. More than half of respondents (52%) said they realized they needed help managing their finances due to the pandemic. Almost half reported relying on their financial advisor more than ever, and 25% engaged an advisor for the first time. In a separate survey, 40% of advisors said virtual meeting apps, such as Skype or Zoom, are important to continue serving clients remotely.
Investors monitoring the SALT tax cap
Investors are monitoring potential action to repeal the cap on SALT (state and local taxes) deductions, according to a recent commentary. The cap was instituted by the Tax Cuts and Jobs Act (TCJA) of 2017. With the recent election, Democratic leaders will have control of the Senate. In the past, several Democrat leaders have said they would make repealing the SALT cap a priority. Prior to the TCJA, taxpayers could use unlimited SALT deductions when itemizing returns.
Investors working with advisors are optimistic
A recent survey found that investor optimism has improved since the pandemic began. An online survey of more than 1,000 investors in November found that 82% of respondents who had met with an advisor in the last six months were more confident about their investments, compared with 56% who did not meet with an advisor. In addition, 80% of respondents who met with an advisor believed that they were on track to meet their financial goals.

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