BOSTON, April 24, 2015 — Putnam Investments has been named Money Management Institute's Advisory Solutions Manager Distribution Team of the Year for its effective distribution strategy and execution, successfully linking marketing and sales, and achieving significant and relative growth in net sales. The award was announced at Money Management Institute's Gateway to Leadership Industry Recognition event in Charlotte, North Carolina.
"Our firm takes great pride in serving as a solutions-oriented, relationship-driven partner that is continually focused on helping our clients and investors achieve success," said Robert L. Reynolds, President and CEO of Putnam Investments. "Under the leadership of Bill Connolly, Putnam has raised the bar on what the financial advisor marketplace can expect from an investment provider, bringing a strong mix of client knowledge, investment product insight, access to practice management tools and the highest commitment to relationship management." Reynolds noted that the marketplace has responded very positively to the firm's approach.
In discussing the award, Bill Connolly, Co-Head of Global Distribution at Putnam Investments, indicated that the firm is constantly evaluating and investing in resources to best serve wirehouses, regional and independent broker-dealers, RIAs and financial planners. "My colleagues and I are extremely grateful for this recognition and continue to be fully dedicated to providing our clients with the products, services and capabilities they need to address the long-term needs and goals of investors."
Since 1997, the Money Management Institute has been the leading voice for financial services organizations that provide advice and professionally managed investment solutions to investors. Its annual Industry Leadership Awards, now in their seventh year, recognize innovation and achievement in the advisory solutions industry.
Nominations for the 2015 Industry Leadership Awards were submitted by MMI members, and the finalists were selected by a special committee representing all segments of the MMI membership. The winners in each category were determined by a vote of MMI member firms.
Putnam won "Advisory Solutions Manager Distribution Team of the Year" -- presented to the investment manager that exhibited the most effective distribution strategy and execution, successfully linking marketing and sales and achieving significant absolute and relative growth in net sales
About the Money Management Institute (MMI): Since 1997 MMI has been the leading voice for the global financial services organizations that provide advice and professionally managed solutions to individual and institutional investors. Through industry advocacy, educational initiatives, regulatory affairs, data reporting and professional networking, MMI supports and advances the growth of advisory solutions. MMI members' advice-driven investment solutions serve an evolving worldwide financial landscape and their organizations are committed to the highest standards of fiduciary responsibility and ethical conduct and to creating the most successful outcomes for investors at every level of assets. For more information, visit www.MMInst.org.