F.L.Putnam has acquired Salem Capital Management, a registered investment advisor.

Salem Capital was founded by Hal Rubin, a veteran financial services executive with 40 years of experience.

“The Salem Capital team has a tremendous amount of investment and advisory experience, and we are excited to welcome them to our team,” said Tom Manning, CEO of F.L.Putnam. “Together, we can expand the services available to the clients of both firms, including offering F.L.Putnam clients a new equity value-separate account strategy focused on large-cap value equities that complement our other investment management strategies and capabilities.”