Marketing Automation & Social Media Strategist

D. Bruce Johnston

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Press Release

Bob Reynolds & Putnam Lead Industry to Twitter

Reynolds & Putnam Get First Mover Advantage - Or Do They?

Today's announcement that Putnam, and their CEO, Bob Reynolds will begin to twitter advisors and shareholders to keep them informed of events at the firm and with their investments should be roundly applauded by the investment management community.  At a time when the industry is in need of senior leadership to blaze a trail to earning back advisor and investor confidence this certainly sends a positive signal.

The move signals to the industry and Putnam shareholders and advisors that their interests come first.  It also says that Putnam fully grasped the situation they were in, and set-out to craft and execute on a plan that would restore shareholder and investor confidence while protecting those shareholder assets they had been entrusted with.

And what a great way to signal your back then by signaling the industry that your firm understands and grasps the power of new technology; understands how to use it and understands that it will provide a competitive advantage.

Putnam certainly is exhibiting an understanding that not only do customers have the power to access, consume, customize and forward information, they can do it however, wherever and whenever they want.  By actively listening, watching, gathering and learning from their customers they will be able to convert this information into customer advocacy, brand building and inspire loyalty much quicker than traditional methods.

Next move is their followers.  And remember the old adage: "If you're not leading the pack, the view doesn't get any better."

Tags: Bob Reynolds, Putnam, Twitter

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D. Bruce Johnston, President | COO, CaptureTrackConvert is regarded as a high-energy, results-driven Financial Services Distribution Executive. His 30+-year career has been distinguished by an impressive record of accomplishments, contributions and winner of the Institutional Investor Fund Marketer of the Year award. CaptureTrackConvert (CTC) provides easy to use, powerful enterprise level marketing automation software to fast growing SMBs. CTC is dedicated to helping SMBs maximize their marketing resources, improve the effectiveness of their marketing campaigns and generating more sales ready prospects thus dramatically improving sales and the bottom-line.