The Putnam Advisory Company, LLC is a large advisory firm based in Boston. It manages $48.97 billion of regulatory assets for 134 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.
The Putnam Advisory Company provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 The Putnam Advisory Company, LLC is $48.97 billion. The firm's AUM has gone down by -22% since the beginning of its operation, and $26.61 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay The Putnam Advisory Company, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Lawrence Jay Lasser is pooled investment vehicles with 96 clients and $41.59 billion of assets under management. Among the 8 most similar advisory firms, The Putnam Advisory Company has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $45.45 billion for 110 clients. 57% of the firm’s clients are foreign persons or businesses.
The Putnam Advisory Company also advises several private funds. Namely, eleven hedge funds, one liquidity fund, and four securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000,000.
The company employs 35 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. 3 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 Dec 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 The Putnam Advisory Company, LLC family office. Aaron M Cooper joined the executive team most recently as the Chief Operating Officer.
The principal office where The Putnam Advisory Company, 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. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at putnam.com and its LinkedIn profile.