RIA F.L.Putnam Investment Management Company has acquired Financial Focus, marking F.L.Putnam’s fourth office in New England, the company says.

Founded in 1995 by Susan MacMichael John, Wolfeboro, N.H.-based Financial Focus provides financial planning to professionals, retirees and families in New England, F.L.Putnam says in a press release. Financial Focus oversees $275 million. The companies didn’t disclose the terms of the deal.

The firm’s entire team has joined F.L.Putnam, while MacMichael John has been named managing director of financial planning of the merged entity, according to the press release. The combined business will operate out of headquarters in Wellesley, Mass., F.L.Putnam says. The company now has 47 employees overseeing $2.1 billion from offices in Maine, Massachusetts, New Hampshire and Rhode Island for high net worth clients, endowments and foundations, according to the press release.

"Susan and her team of senior financial advisors bring decades of experience that will significantly enhance F.L.Putnam's financial planning services," Tom Manning, CEO at F.L.Putnam, says in the press release."Over the past few years we have made it a priority to build out our financial advisory capabilities, as it has become essential for our private clients.”

Tom Manning

In addition to serving as president of Financial Focus, MacMichael John is chair of the board of directors at the Certified Financial Planner Board of Standards, F.L.Putnam says.

She’s also a strong critic of the SEC’s Regulation Best Interest in its current form, saying the agency’s proposed overhaul of investment advisor and broker standards would undercut investor protection already in place under fiduciary rules, as reported.