Putnam Investment Management, LLC

CRD#106629
Investment Advisor Firm

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Overview

Putnam Investment Management, LLC is an advisory firm headquartered in Boston, Massachusetts. The firm administers $88.6 billion in total assets across 154 client accounts, placing it among the biggest financial advisory firms in the nation by assets under management (AUM). It has a large team of 303 employees, two hundred eighteen of whom are financial advisors. Putnam Investment Management, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are tradable financial investments such as bonds, stocks and options.

Putnam Investment Management, LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction decisions without requiring client permission. The firm supervises roughly $575.5 million in assets for every customer account. The typical advisor at Putnam Investment Management, LLC manages fewer than one client account, placing it among the most individualized advisor firms in the country.

The firm's main office is at 100 Federal St, Boston, Massachusetts 2110. Putnam Investment Management, LLC is permitted to serve clients throughout 7 states, including Arizona, Louisiana, Massachusetts, Nebraska, New Hampshire, Texas and Washington.

Assets Under Management

$88.6 billion

Number of Advisors

218

Disclosures

No

Office Location

100 Federal St
Boston, MA 02110

Putnam Investment Management, LLC by the Numbers

Total Assets Under Management

$88.6 billion

National Average: $3.3 billion
Total Number of Employees

303

National Average: 31
Total Number of Accounts

154

National Average: 1,935
Average Account Size

$575.5 million

National Average: $1.7 million

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Fee Structure

Fees charged by financial advisors largely are based on which service is offered. Fee types billed by the firm likely consist of any blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available

  • Offered by 72% 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 39% 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 provides services to investment companies. Out of its 154 accounts, Putnam Investment Management, LLC's largest client is investment companies. None of the company's accounts are 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

Shannon Elia
Boston, MA
Nicole Spinosa
Boston, MA
Jo Ferullo
Boston, MA
Chad Kastner
Boston, MA
Catherine Mezes
Boston, MA
Sean Healy
Boston, MA
Emily Mcgrath
Boston, MA
Jacqueline Friedman
Boston, MA
Sara Barrett
Boston, MA

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This content was compiled from the SEC and FINRA