F.L.Putnam acquires Investment Advisor Salem Capital Management

Seasoned investment advisors Hal Rubin and Kim Ratcliffe join F.L.Putnam’s rapidly expanding Lynnfield, Massachusetts office. F.L.Putnam Investment Management Company (“F.L.Putnam”) today announced that it has acquired Salem Capital Management (“Salem Capital”), an independent registered investment advisor with a successful 30-year track record of serving high-net-worth families, individuals, and small institutions. Financial terms of the deal were not disclosed. Based in Woburn, Mass., Salem Capital was co-founded by Hal Rubin, a veteran financial services executive with more than 40 years’ experience and deep investment...

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