Wall Street Journal: Franklin Resources to Acquire Putnam Investments From Great-West Lifeco

Franklin Resources announced that it would acquire Putnam Investments from Great-West Lifeco. According to the Wall Street Journal, “Franklin will add Putnam investment teams and funds that have found success selling through retirement plans and insurers. And through a new partnership with Great-West and Power Corp., the money manager will expand its presence on their investing platforms, including 401(k) record-keeper Empower, Canada Life and IG Wealth Management.” Read more (subscription required).