Putnam Investment Management, LLC is a large advisory firm based in Boston. It manages $88.63 billion of regulatory assets for 154 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Louisiana, Massachusetts, and 4 other states.
Putnam Investment Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Putnam Investment Management, LLC is $88.63 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Putnam Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Lawrence Jay Lasser is investment companies with 107 clients and $88.25 billion of assets under management. Among the 9 most similar advisory firms, Putnam Investment Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $88.25 billion for 107 clients. None of the firm’s clients are foreign persons or businesses.
Putnam Investment Management doesn't advise any private funds.
The company employs 303 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Lawrence Jay Lasser has been acting as President since 1 Nov 2000. Walter Clemens Donovan has served as the Chief Investment Officer since 1 May 2009 and Robert Lloyd Reynolds is the Chief Executive Officer of Putnam Investment Management, LLC family office. Aaron M Cooper joined the executive team most recently as the Chief Operating Officer.
The principal office where Putnam Investment Management, LLC performs its advisory services is located at 100 Federal St, Boston, MA 02110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-292-1000 or by fax 617-292-1625. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at putnam.com.