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Investment Firm Announces New CEO

Fenimore Asset Management, the manager of the FAM Funds national mutual funds, has recently promoted Anne Putnam to the position of Chief Executive Officer. This significant announcement comes as the firm, founded by her father, Tom Putnam, nearly reaches its 50th year of service. With the approval of the board, Anne Putnam will officially assume her new role on October 1. It is noteworthy to mention that she has been an essential member of the Fenimore team since joining in 2006 and has held the position of Senior Vice President since 2017.

The appointment of Anne Putnam as CEO has been widely supported by the company’s founder and executive chairman, Tom Putnam. Understanding the importance of the role and the benefits it will bring to investors, associates, and the community, Tom Putnam expressed his excitement about Anne’s new position. His confidence in her stems from her proven leadership abilities, deep understanding and commitment to the firm’s investment philosophy, as well as her knowledge, experience, and driving ambition to steer Fenimore towards new heights of investor satisfaction and growth.

Fenimore Asset Management is an independent investment manager overseeing more than $4.27 billion in assets under management, as of June 30. The firm operates through its offices located in Albany and Cobleskill. Accredited for its commitment to fostering relationships with investors, financial institutions, and portfolio-owned companies, Fenimore holds a reputation as an investment factory which prioritizes values-based management. Anne Putnam herself acknowledged the significance of this legacy, stating, “Like my grandfather built his business, Fenimore is an investment factory based on relationships. We are committed to investing in our community and giving back, and I feel humbled to follow in the footsteps of my forefathers.”

As the newly appointed CEO, Anne Putnam’s goals align with the firm’s values and vision. She aims to maintain Fenimore’s regional presence as a partnership owned by family and associates, expand its footprint in the Capital Region, and continue offering their successful investment strategies across various channels nationwide. She firmly believes that Fenimore’s existing culture, characterized by values-based management, investment philosophy, and a proven process spanning the last five decades, will serve as a guiding light as they journey forward into the future.

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