Putnam Investment Management, LLC

CRD#106629
Investment Advisor Firm

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Overview

Putnam Investment Management, LLC is an advisory firm that has its headquarters in Boston, Massachusetts. It oversees $103.5 billion in assets throughout 166 client accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). It has a large team of 301 employees, of which 156 are financial advisors. Putnam Investment Management, LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as options, equities and bonds.

Putnam Investment Management, LLC administers all of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions for the client's account without requiring client consent. The company's typical account size is $623.2 million. The typical financial advisor at Putnam Investment Management, LLC administers around one client account, placing it among the most personalized advisor firms in the country.

The company's headquarters is located at 100 Federal St, Boston, Massachusetts 2110. The firm is legally permitted to provide services to investors throughout a number of states, including Arizona, Louisiana, Massachusetts, Nebraska, New Hampshire, Texas and Washington.

Assets Under Management

$103.5 billion

Number of Advisors

156

Disclosures

No

Office Location

100 Federal St
Boston, MA 02110

Putnam Investment Management, LLC by the Numbers

Total Assets Under Management

$103.5 billion

National Average: $3.7 billion
Total Number of Employees

301

National Average: 29
Total Number of Accounts

166

National Average: 2,073
Average Account Size

$623.2 million

National Average: $1.8 million

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Fee Structure

A financial advisor's fees largely vary depending on which services are offered. Fees billed by the company most likely consist of some combination of the following fee structures: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm caters to investment companies and other. Out of its 166 accounts, Putnam Investment Management, LLC's biggest client type is investment companies. None of the company's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Putnam Investment Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Putnam Investment Management, LLC

George Moore
Boston, MA
Matthew Malloy
Boston, MA
Jordan Reals
Boston, MA
Kyle Bramble
Boston, MA
James O'Brien
Boston, MA
Emily Mcgrath
Boston, MA
Jonathan Schreiber
Boston, MA
Levin Wilson
Boston, MA

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.