{"url":"https://nivawealth.com/firms/putnam-investment-management-106629","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106629","regulatoryAum":117238832053,"crd":"106629","secFileNumber":"801-7974","legalName":"Putnam Investment Management, LLC","displayName":"Putnam Investment Management","website":"https://www.putnam.com","linkedinUrl":"https://www.linkedin.com/company/putnam-investments/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"September","headquarters":{"street":"100 Federal ST","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02110"},"tradeNames":["37 Capital","Putnam Investments"],"registration":{"secApproved":"19 November 1971","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":139,"advisory":72,"brokerDealerReps":14,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":110554689541,"discretionaryAccounts":16412,"nonDiscretionary":6684142512,"nonDiscretionaryAccounts":20,"wrapProgram":9598119836,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":16168,"regulatoryAum":3193289951},{"label":"High-net-worth individuals","clients":19,"regulatoryAum":604775154},{"label":"Investment companies","clients":63,"regulatoryAum":104339359072},{"label":"Pooled investment vehicles","clients":6,"regulatoryAum":1458182348},{"label":"Pension and profit-sharing plans","clients":39,"regulatoryAum":7955890},{"label":"Charitable organizations","clients":21,"regulatoryAum":55634444},{"label":"State or municipal government entities","clients":null,"regulatoryAum":3225712},{"label":"Other investment advisers","clients":25,"regulatoryAum":6684889908},{"label":"Insurance companies","clients":null,"regulatoryAum":763946102},{"label":"Corporations and other businesses","clients":87,"regulatoryAum":126616591},{"label":"Other","clients":null,"regulatoryAum":956881}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Morgan Stanley Smith Barney LLC","shortName":"Morgan Stanley","location":"New York, NY","smaAssets":2842540194},{"name":"Merrill Lynch, Pierce, Fenner & Smith, Inc.","shortName":"Merrill Lynch, Pierce, Fenner & Smith","location":"New York, NY","smaAssets":3316283433},{"name":"Raymond James Financial, Inc.","shortName":"Raymond James","location":"ST. Petersburg, FL","smaAssets":1480825296}],"custodyNote":"Putnam Investment Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sonal Desai","title":"Executive Vice President","crd":"7070945"},{"name":"Thomas Meyers","title":"Executive Vice President","crd":"1912302"},{"name":"Richard Perkins","title":"President","crd":"2446072"},{"name":"Adam Petryk","title":"Executive Vice President","crd":"7020834"},{"name":"Lindsey Oshita","title":"Chief Financial Officer","crd":"7183188"},{"name":"James Clark","title":"Chief Compliance Officer","crd":"6607431"},{"name":"Leeor Avigdor","title":"Treasurer","crd":"4702532"},{"name":"Thomas Merchant","title":"Chief Legal Officer","crd":"3126886"}],"ownership":[{"label":"Putnam U.S. Holdings I, LLC","detail":"100% owner in the 75% or more ownership band and a control person, since April 2012."},{"label":"Templeton Worldwide, Inc.","detail":"Indirect owner: a 100% owner of Putnam U.S. Holdings I, LLC in the 75% or more band and a control person, since January 2024.","parent":"Putnam U.S. Holdings I, LLC"},{"label":"Legg Mason, Inc.","detail":"Indirect owner: a 100% owner of Templeton Worldwide, Inc. in the 75% or more band and a control person, since January 2024.","parent":"Templeton Worldwide, Inc."},{"label":"Franklin Templeton, Inc.","detail":"Indirect owner: a sole shareholder of legg mason, inc. of Legg Mason, Inc. in the 75% or more band and a control person, since January 2024.","parent":"Legg Mason, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"100 Federal ST","city":"Boston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-292-1000","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":91},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":7},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"16 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106629/PDF/106629.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Putnam Investment Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Putnam Investment Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Putnam Investment Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Putnam Investment Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Putnam Investment Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Putnam Investment Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Putnam Investment Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}