F.L.Putnam Strengthens New Hampshire Presence with Acquisition of Seascape Capital Management

F.L.Putnam Investment Management Company (FLP) has announced the acquisition of Seascape Capital Management, LLC, an independent registered investment adviser located in Portsmouth, New Hampshire, for an undisclosed amount. The transaction, which closed on June 30, 2026, is expected to enhance FLP's presence in New Hampshire and expand its financial planning and investment expertise. Seascape Capital Management manages over $500 million in assets and has been providing wealth management services since its founding in 2003.

Founded by CEO Monica McCarthy, Seascape Capital Management specializes in serving high-net-worth individuals and families, offering tailored wealth and investment management solutions. The firm has built a reputation for its personalized approach, focusing on the unique needs of business owners, high-income executives, and retirees. This acquisition aligns with FLP's strategic goal of strengthening its foothold in key markets, particularly in the Northeast, where it opened a Portsmouth office last year.

According to Tom Manning, CEO of FLP, the acquisition of Seascape is a significant step in the firm’s long-term growth strategy. The integration of Seascape's team, which includes experienced professionals such as Andrew Litzerman and Christian Sullivan, is expected to enhance FLP's service offerings and deepen its expertise in financial planning. This move not only consolidates FLP's position in New Hampshire but also reflects its commitment to providing comprehensive wealth management services that prioritize client relationships.

The acquisition comes at a time when the wealth management sector is experiencing significant consolidation as firms seek to expand their capabilities and geographic reach. The integration of Seascape into FLP is indicative of a broader trend in the industry, where established firms are acquiring smaller, specialized advisers to enhance their service offerings and attract a wider client base. This trend is likely to continue as firms recognize the value of personalized wealth management in a competitive marketplace.

In conclusion, the acquisition of Seascape Capital Management by F.L.Putnam Investment Management Company underscores the ongoing evolution of the wealth management sector. As firms adapt to changing client needs and market dynamics, strategic acquisitions will play a crucial role in shaping the future landscape of investment advisory services. The combined expertise of FLP and Seascape positions them well to meet the demands of high-net-worth clients in New Hampshire and beyond, suggesting a positive outlook for both firms in the coming years.