The Putnam Advisory Company, LLC
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Overview
The Putnam Advisory Company, LLC operates as a financial advisory firm located in Boston, Massachusetts. The firm manages $63.8 billion in total assets across 121 accounts, making it one of the largest investment advisory firms in the country by assets under management (AUM). The company has an average-sized group, including 6 financial advisors. The Putnam Advisory Company, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like bonds, options and equities.
The Putnam Advisory Company, LLC oversees most of its accounts in a discretionary manner. Discretionary management means that buy and sell judgments for the client's account are made by a portfolio manager without needing the customer's permission. The Putnam Advisory Company, LLC also has 24 non-discretionary accounts totaling $34.5 billion in assets. The company's typical account size is $527.6 million. An average financial advisor at The Putnam Advisory Company, LLC administers about 20 client accounts, making it one of the more personalized advisor firms in the country.
The Putnam Advisory Company, LLC's headquarters is at 100 Federal St, Boston, Massachusetts 2110. The Putnam Advisory Company, LLC is legally registered to provide services to investors throughout a few states, including Arizona, Louisiana, Massachusetts, Nebraska, New Hampshire, Texas and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Putnam Advisory Company, LLC by the Numbers
$63.8 billion
40
121
$527.6 million
Fee Structure
A financial advisor's fees usually are based on which services the firm provides the client. However, fees charged by The Putnam Advisory Company, LLC may include the following fee structures: asset-based or performance-based. The company does not supply a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The Putnam Advisory Company, LLC does business with a number of different clients. The firm works with investment companies, pooled investment vehicles, pension plans, insurance companies and other. Out of its 121 customers, The Putnam Advisory Company, LLC's largest client group by number of accounts is pooled investment vehicles. Around 60% 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
The Putnam Advisory Company, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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