Putnam Investments, Boston, hired mPower to provide online investment advice in June to its $470 million 401(k) plan, said Thomas Turpin, head of Putnam’s retirement business.
‘‘We wanted to make sure that our own plan participants could take advantage of what we are offering to our clients,’’ Mr. Turpin said.
Putnam and mPower will be redoing Putnam’s website so that instead of receiving advice on mPower’s site then going to the plan site, participants will be able to make transactions in accordance with the advice with a single button click, he said.
