Clients
Putnam Investment Management serves 16,428 clients, 16,168 of them other individuals. The average client has about $7.1 million with the firm, and high-net-worth clients hold 1% of its $117.2 billion in assets.
- Individuals16,168 clients3%
- Investment companies63 clients89%
- Other investment advisers25 clients6%
- OtherHigh-net-worth individuals, Pooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Insurance companies, Corporations and other businesses, Other3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 16,168 | $3,193,289,951 | 2.7% | $198K |
| High-net-worth individuals | 19 | $604,775,154 | 0.5% | $31.8M |
| Investment companies | 63 | $104,339,359,072 | 89.0% | $1.66B |
| Pooled investment vehicles | 6 | $1,458,182,348 | 1.2% | $243.0M |
| Pension and profit-sharing plans | 39 | $7,955,890 | 0.0% | $204K |
| Charitable organizations | 21 | $55,634,444 | 0.0% | $2.65M |
| State or municipal government entities | Not reported | $3,225,712 | 0.0% | — |
| Other investment advisers | 25 | $6,684,889,908 | 5.7% | $267.4M |
| Insurance companies | Not reported | $763,946,102 | 0.7% | — |
| Corporations and other businesses | 87 | $126,616,591 | 0.1% | $1.46M |
| Other | Not reported | $956,881 | 0.0% | — |
| Total | 16,428 | $117,238,832,053 | 100% | $7.14M |
- Clients
- 16,168
- Regulatory AUM
- $3,193,289,951
- Share
- 2.7%
- Avg. per client
- $198K
- Clients
- 19
- Regulatory AUM
- $604,775,154
- Share
- 0.5%
- Avg. per client
- $31.8M
- Clients
- 63
- Regulatory AUM
- $104,339,359,072
- Share
- 89.0%
- Avg. per client
- $1.66B
- Clients
- 6
- Regulatory AUM
- $1,458,182,348
- Share
- 1.2%
- Avg. per client
- $243.0M
- Clients
- 39
- Regulatory AUM
- $7,955,890
- Share
- 0.0%
- Avg. per client
- $204K
- Clients
- 21
- Regulatory AUM
- $55,634,444
- Share
- 0.0%
- Avg. per client
- $2.65M
- Clients
- Not reported
- Regulatory AUM
- $3,225,712
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 25
- Regulatory AUM
- $6,684,889,908
- Share
- 5.7%
- Avg. per client
- $267.4M
- Clients
- Not reported
- Regulatory AUM
- $763,946,102
- Share
- 0.7%
- Avg. per client
- —
- Clients
- 87
- Regulatory AUM
- $126,616,591
- Share
- 0.1%
- Avg. per client
- $1.46M
- Clients
- Not reported
- Regulatory AUM
- $956,881
- Share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 16,428
- Regulatory AUM
- $117,238,832,053
- Share
- 100%
- Avg. per client
- $7.14M
What it does
Putnam Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies and portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.
Putnam Investment Management advises no private funds.
94.3% of assets ($110.55B across 16,412 accounts) are managed with discretion; $6.68B across 20 accounts are not. $9.60B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks91%
- Funds7%
- Cash2%
Custodians
Putnam Investment Management’s client accounts are held mainly at Merrill Lynch, Pierce, Fenner & Smith, with 3% of managed assets, and Morgan Stanley, with 2%. Putnam Investment Management has custody of client assets.
- Morgan StanleyMorgan Stanley Smith Barney LLC · New York, NY · $2.84B2%
- Merrill Lynch, Pierce, Fenner & SmithMerrill Lynch, Pierce, Fenner & Smith, Inc. · New York, NY · $3.32B3%
- Raymond JamesRaymond James Financial, Inc. · ST. Petersburg, FL · $1.48B1%
- All other custodians$109.60B93%
Ownership and leadership
Putnam U.S. Holdings I, LLC owns 75% or more of Putnam Investment Management.
- Owns 75% or more of Putnam Investment Management, LLC
Putnam U.S. Holdings I, LLC
Control person · since April 2012
- Owns 75% or more of Putnam U.S. Holdings I, LLC
Templeton Worldwide, Inc.
Control person · since January 2024
- Owns 75% or more of Templeton Worldwide, Inc.
Legg Mason, Inc.
Control person · since January 2024
- Owns 75% or more of Legg Mason, Inc.
Franklin Templeton, Inc.
Control person · since January 2024
Leadership
- Sonal DesaiExecutive Vice President
- Thomas MeyersExecutive Vice President
- Richard PerkinsPresident
- Adam PetrykExecutive Vice President
- Lindsey OshitaChief Financial Officer
- James ClarkChief Compliance Officer
- Leeor AvigdorTreasurer
- Thomas MerchantChief Legal Officer
Staff
- 139 employees
- 72 in advisory functions
- 1 state-registered rep
- 14 broker-dealer reps
- 1 soliciting firm
Fees
Putnam Investment Management is paid through a percentage of assets under management and performance-based fees.
Putnam Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Putnam Investment Management has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 100 Federal ST, BostonHQ
Other business names
Putnam Investment Management has reported 2 other business names to the SEC.
- 37 Capital
- Putnam Investments
Registration details
- Legal name
- Putnam Investment Management, LLC
- Headquarters
- 100 Federal ST, Boston, MA 02110
- Phone
- 617-292-1000
- Website
- www.putnam.com
- SEC file
- 801-7974
- Structure
- Delaware LLC
- Fiscal year end
- September
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Putnam Investment Management have?
Putnam Investment Management has 16,428 clients and manages $117.2 billion for them, as of September 2026. They include 16,168 other individuals, 87 corporations and other businesses and 63 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does Putnam Investment Management offer?
Putnam Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Putnam Investment Management use?
Putnam Investment Management’s separately managed account assets are held at Merrill Lynch, Pierce, Fenner & Smith, Inc. (New York, NY), with $3,316,283,433, Morgan Stanley Smith Barney LLC (New York, NY), with $2,842,540,194 and Raymond James Financial, Inc. (ST. Petersburg, FL), with $1,480,825,296. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does Putnam Investment Management have?
Putnam Investment Management has 1 investment adviser representatives registered with state securities authorities, out of 139 employees, and 72 perform investment advisory functions. 14 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Putnam Investment Management invest in?
At the end of its last fiscal year, Putnam Investment Management’s separately managed accounts held 91% exchange-traded equities, 7% pooled vehicles (private funds and similar) and 2% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Putnam Investment Management?
Putnam Investment Management is owned through a chain of holding companies by Franklin Templeton, Inc. Its direct owner is Putnam U.S. Holdings I, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does Putnam Investment Management get paid?
Putnam Investment Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file