F L Putnam Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 2,500 clients last fiscal year.
F L Putnam Investment Management reports 3,054 clients. They include 1,488 high-net-worth individuals, 1,335 individual clients and 203 charitable organizations. Of its assets, 99.2% ($9.64B across 7,821 accounts) are managed with discretion; $75.7M across 80 accounts are not. Of its clients, 1% are outside the U.S. It advised 81 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 44% | 5% |
| High-net-worth individuals | 49% | 72% |
| Investment companies | <1% | <1% |
| Pension and profit-sharing plans | <1% | 2% |
| Charitable organizations | 7% | 18% |
| Other client typesCorporations and other businesses | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,335 | $522M | 5.4% | $391K |
| High-net-worth individuals | 1,488 | $7.04B | 72.5% | $4.73M |
| Investment companies | 1 | $92.9M | 1.0% | $92.9M |
| Pension and profit-sharing plans | 6 | $173M | 1.8% | $28.9M |
| Charitable organizations | 203 | $1.75B | 18.0% | $8.62M |
| Corporations and other businesses | 21 | $138M | 1.4% | $6.58M |
| Total | 3,054 | $9.72B | 100% | $3.18M |
- Clients
- 1,335
- Regulatory AUM
- $522M
- AUM share
- 5.4%
- Avg. per client
- $391K
- Clients
- 1,488
- Regulatory AUM
- $7.04B
- AUM share
- 72.5%
- Avg. per client
- $4.73M
- Clients
- 1
- Regulatory AUM
- $92.9M
- AUM share
- 1.0%
- Avg. per client
- $92.9M
- Clients
- 6
- Regulatory AUM
- $173M
- AUM share
- 1.8%
- Avg. per client
- $28.9M
- Clients
- 203
- Regulatory AUM
- $1.75B
- AUM share
- 18.0%
- Avg. per client
- $8.62M
- Clients
- 21
- Regulatory AUM
- $138M
- AUM share
- 1.4%
- Avg. per client
- $6.58M
Total
- Clients
- 3,054
- Regulatory AUM
- $9.72B
- AUM share
- 100%
- Avg. per client
- $3.18M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 81
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 2500
F L Putnam Investment Management charges 0.60%–1.10% a year for its Investment Management and Advisory. Each asset band is charged at its own rate. The fee is billed in advance. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.10% |
| $2M–$5M | 0.925% |
| $5M–$10M | 0.80% |
| $10M and above | 0.60% |
Fee details and sources
Other fees
- Family Office Solutions
- Fixed fees typically range from $10,000 to $40,000 a month, charged monthly in advance; may also include asset-based fees.
- Financial Planning
- No added planning fee at $750,000 of assets under management; stand-alone planning is a fixed $5,000 under $5 million, $7,000 for $5-10 million, $10,000 minimum above.
- Separately Managed Accounts
- Annual flat fees on market value, paid quarterly in advance: 0.65% equity, 0.50% fixed income, 0.25% short duration fixed income.
Reed Manning is CEO; the leadership team includes Chief Compliance Officer Keith Marks. It has 160 employees, 90 of them in advisory roles.
Leadership
- Reed ManningPresident, Chief Executive Officer, Director
- Keith MarksChief Compliance Officer
- Margaret BarneyTrustee of Margaret Wilson Putnam Trust (Tax Id Number Ending in 03)
- Ellen FlahertyDirector, Clerk, SR. VP, COO
- Alan GosuleDirector
- Meredith LepperDirector
- Richard OsterbergDirector, Trustee of Margaret Wilson Putnam Trusts (Tax Id Numbers Ending 01, 02, 03, 07), Executor Estate of David Putnam
- John PutnamTrustee of Margaret Wilson Putnam Trusts (Tax Id Numbers Ending in 01, 02, 03)
- Yvette PutnamExecutor of Estate of David Putnam, Trustee of Margaret Wilson Putnam Trust (Tax Id Number Ending in 07)
- Susanne StaufferDirector
- Connor StewartDirector
- Michael TimmermansChief Legal Officer
- Russell ValdezDirector
Investment adviser representatives
78 representatives listed in the SEC register as of 9 October 2026.
- Frederick Peter Baerenz
- James Balfour
- Laurie Barrett
- Roger N. Begin
- Yvan Philippe Bodart
- Nicholas Edward Bozek
- Robertson Pope Breed
- Keith Edward Brennan
- Valerie Jean Brown
- Thomas David Burleigh
- Richard Aaron Burling
- Gerald Thomas Cole
- Sean Patrick Cragan
- Michael A Desclos
- David James Drzadinski
- Todd Edwin Engelhardt
- Gregory Wood Evans
- Laurie Anne Faille
- Thomas Patrick Fay
- Matthew Jacob Fischer
- Landon Joe Fritch
- Grenville MacDonald Gooder Jr.
- Thomas George Goodwin
- Sarah Lydia Grace Gosselin
- Mike E Gula
- Timothy Richard Hamilton
- Michael James Hanlon
- Ellen Katherine Hazen
- Robert Brandt Heitzman
- Jill Hibyan
- Erin Melissa Holt
- Magdalena Jaworska
- Susan Macmichael John
- Daosith Samuel Lemay
- Andrew Mark Litzerman
- Jerry Bert Love
- Carolyn Stewart Macedo
- Kristen Ann Madden
- Katharine Celeste Manning
- Jaslyn Marques
- Glen Patrick Martin
- Scott Nelson Mazuzan
- Monica Ann McCarthy
- Lawrence Thomas McGowan
- David Joseph McPherson
- Ryan Bernard McQuilkin
- Christian David McVey
- Leonardo Mesa
- Todd Christopher Mills
- Michael Lewis Mueller
- William Michael O'Brien
- Benjamin Dolan O'Connor
- Timothy John O'Shei
- James Thomas Ortlip
- Amanda Michele Pfeifle
- Corey Brian Pomerleau
- Jordan S Press
- Marianne Pursley
- Kimberly Ann Ratcliffe
- Aaron Jay Rosen
- Jennifer Lauren Rosenbaum
- Keyana Johns Russ
- Robert Sherman
- Lorraine Allison Silva
- Joni A Stone
- Christian Leigh Sullivan
- Edward James Terwilliger III
- Jessie Lyn Tierney
- Daniel M. Toole
- Nicole Leigh Tsafos
- Julia Yvonne Vanzler
- Steven Nathaniel Violin
- Joel Dennis Vrabel
- James Andrew Waggett
- Andrew Bo Wetzel
- Susan Marie White
- Charles John Ybema
Staff
- 160 employees
- 90 in advisory functions
- 68 state-registered reps
- 1 insurance agent
- 7 soliciting firms
- Owns 10% to 25% of F L Putnam Investment Management Co.
Reed Manning
Control person · since December 2015
- Owns 10% to 25% of F L Putnam Investment Management Co.
MCB Fenway LLC
since July 2026
- Owns 75% or more of MCB Fenway LLC
MT Carmel Bixby N Holdings LLC
since June 2026
- Owns 75% or more of MT Carmel Bixby N Holdings LLC
MT Carmel Bixby N LLC
since January 2024
- Owns 75% or more of MT Carmel Bixby N LLC
Ccof III Bixby Aggregator B, L.P.
since February 2024
- Owns 75% or more of Ccof III Bixby Aggregator B, L.P.
Ccof III (Parallel) Bixby Aiv B, L.P.
since February 2024
- Owns 50% to 75% of Ccof III (Parallel) Bixby Aiv B, L.P.
Ccof III (Parallel) Bixby Feeder B, L.P.
since February 2024
- Owns 25% to 50% of Ccof III (Parallel) Bixby Aiv B, L.P.
Ccof III (Parallel) Bixby Feeder A, L.P.
since February 2024
- Owns 75% or more of Ccof III (Parallel) Bixby Feeder A, L.P.
Ccof III (Parallel) Offshore Investors A Aiv, L.P.
since February 2024
- Owns 75% or more of Ccof III (Parallel) Bixby Feeder A, L.P.
Ccof III (Parallel) Offshore Investors B Aiv, L.P.
since February 2024
- Owns 5% to 10% of F L Putnam Investment Management Co.
Margaret Wilson Putnam Trust (Tax Id Number Ending 907)
since June 2026
- Owns 5% to 10% of F L Putnam Investment Management Co.
Margaret Wilson Putnam Trust (Tax Id Number Ending 903)
since June 2026
- Owns 5% to 10% of F L Putnam Investment Management Co.
Margaret Wilson Putnam Trust (Tax Id Number Ending 902)
since June 2026
- Owns 5% to 10% of F L Putnam Investment Management Co.
Margaret Wilson Putnam Trust (Tax Id Number Ending 901)
since June 2026
- Owns 5% to 10% of F L Putnam Investment Management Co.
Estate of David Putnam
since June 2026
F L Putnam Investment Management’s regulatory assets grew 2.6× from $3.72B (May 2021) to $9.72B (August 2026); clients rose from 1,294 to 3,054 and employees from 53 to 160. Between 2022 and 2026, 2 advisory firms joined it. The largest by last filed assets were Seascape Capital Management,llc ($467M, July 2026, the most recent) and Salem Capital Management ($285M, December 2022).
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $9.72B | 3,054 | 160 | 15 |
| July 2025 | $7.7B | 2,563 | 134 | 13 |
| July 2024 | $6.17B | 2,058 | 105 | 11 |
| April 2023 | $4.3B | 1,673 | 84 | 9 |
| June 2022 | $4.55B | 1,408 | 63 | 9 |
| May 2021 | $3.72B | 1,294 | 53 | 5 |
Firms that joined
20261 joined
- Seascape Capital Management,llcLast filed AUM $467M
20221 joined
- Salem Capital ManagementLast filed AUM $285M
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, F L Putnam Investment Management has 14 offices, with 15 listed addresses across 8 states.
Massachusetts · 5 listed addresses
- 6 Kimball Lane, LynnfieldHQ
- 250 First Ave, Needham
- One Liberty Square, Boston
- 13 Steeple Street, Mashpee
- 31 Schoosett Street, Pembroke
New Hampshire · 3 listed addresses
- 29 Maplewood Avenue, Portsmouth
- 40 Mill Street, Wolfeboro
- 99 Bow Street, Portsmouth
New York · 2 listed addresses
- 445 Park Avenue, New York
- 100 Corporate Parkway, Amherst
California · 1 listed address
- 5757 Wilshire Boulevard, Los Angeles
Maine · 1 listed address
- 5 Widgery Wharf, Portland
Michigan · 1 listed address
- 161 East Michigan Avenue, Kalamazoo
Rhode Island · 1 listed address
- 100 Westminster Street, Providence
Virginia · 1 listed address
- 11911 Freedom Drive, Reston
Other business names
F L Putnam Investment Management has reported 4 other business names to the SEC.
- F.l.putnam Investment Management Co.
- FLP
- FLP Atrato Consulting
- Flputnam Investment Management
Contact and registration details
- Legal name
- F L Putnam Investment Management Co.
- Headquarters
- 6 Kimball Lane, Lynnfield, MA 01940
- Website
- flputnam.com
- Phone
- 800-344-3435
- SEC file
- 801-21951
- Structure
- Delaware corporation
- Fiscal year end
- December
F L Putnam Investment Management uses Charles Schwab ($4.19B, 50%), Fidelity ($3.23B, 38%) and Northern Trust ($1.03B, 12%) as custodians for its separately managed accounts. F L Putnam Investment Management has custody of $2.99B in client assets for 1,118 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $4.19B50%
- FidelityNational Financial Services LLC · Boston, MA · $3.23B38%
- Northern TrustNorthern Trust · Chicago, IL · $1.03B12%
At year end, F L Putnam Investment Management’s separately managed accounts were largely in stocks (45%) and funds (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $8.39B across 655 positions; the largest are iShares TR (11.0%), iShares TR (5.5%) and Nvidia Corporation (4.1%).
What the accounts hold
- Stocks45%
- Funds37%
- Bonds12%
- Investment grade corporate bonds5%
- State and local bonds4%
- U.S. government and agency bonds3%
- Cash6%
Reported 13F holdings
- $8.39B
- Reported 13F value
- 655
- Positions
- 38.0%
- In the 10 largest
- +25.0%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF11.0%
- iShares TR · Core MSCI Eafe5.5%
- Nvidia Corporation4.1%
- Apple Inc.3.6%
- Alphabet Inc. · Cap Stk CL A3.1%
- Microsoft Corp.2.8%
- Broadcom Inc.2.4%
- Amazon Com Inc.1.9%
- Analog Devices Inc.1.9%
- Micron Technology Inc.1.7%
Together, the ten largest are 38.0% of reported value.
How many clients does F L Putnam Investment Management have?
F L Putnam Investment Management has 3,054 clients and manages $9.72 billion for them, as of August 2026. They include 1,488 high-net-worth individuals, 1,335 individual clients and 203 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026
What services does F L Putnam Investment Management offer?
F L Putnam Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does F L Putnam Investment Management charge?
F L Putnam Investment Management charges 0.60%–1.10% a year for its Investment Management and Advisory. Each asset band is charged at its own rate. The fee is billed in advance.
Source: FLP FORM ADV PART 2A (10.02.2026), filed 2 October 2026
Which custodians does F L Putnam Investment Management use?
F L Putnam Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $4.19B, National Financial Services LLC (Boston, MA), with $3.23B and Northern Trust (Chicago, IL), with $1.03B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026
How many financial advisors does F L Putnam Investment Management have?
F L Putnam Investment Management has 68 investment adviser representatives registered with state securities authorities, out of 160 employees, and 90 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does F L Putnam Investment Management invest in?
At the end of its last fiscal year, F L Putnam Investment Management’s separately managed accounts held 45% exchange-traded equities, 37% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents, 5% investment grade corporate bonds, 4% state and local bonds and 3% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns F L Putnam Investment Management?
F L Putnam Investment Management is owned through a chain of holding companies by Ccof III (Parallel) Bixby Feeder B, L.P., Ccof III (Parallel) Offshore Investors A Aiv, L.P. and Ccof III (Parallel) Offshore Investors B Aiv, L.P. Its direct owners are Reed Manning, Margaret Wilson Putnam Trust (Tax Id Number Ending 907), Margaret Wilson Putnam Trust (Tax Id Number Ending 903), Margaret Wilson Putnam Trust (Tax Id Number Ending 902), Margaret Wilson Putnam Trust (Tax Id Number Ending 901), Estate of David Putnam and MCB Fenway LLC, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 19 August 2026
How does F L Putnam Investment Management get paid?
F L Putnam Investment Management is paid through a percentage of assets under management, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is F L Putnam Investment Management registered with the SEC?
Yes, F L Putnam Investment Management has been registered with the SEC as an investment adviser since 30 July 1984. Its CRD number is 106223 and its SEC file number is 801-21951.
Source: Form ADV Part 1A, Item 1, filed 19 August 2026; IAPD firm record
How do I contact F L Putnam Investment Management?
F L Putnam Investment Management’s main office is at 6 Kimball Lane, Lynnfield, MA 01940. Its phone number is 800-344-3435. Its website is flputnam.com.