Clients
The Putnam Advisory serves 91 clients, 72 of them pooled investment vehicles. The average client has about $365 million with the firm, and high-net-worth clients hold 1% of its $33.2 billion in assets.
- Investment companies6 clients8%
- Pooled investment vehicles72 clients72%
- Pension and profit-sharing plans8 clients17%
- Insurance companies2%
- OtherHigh-net-worth individuals, Charitable organizations, State or municipal government entities1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 5 | $201,744,801 | 0.6% | $40.3M |
| Investment companies | 6 | $2,501,340,308 | 7.5% | $416.9M |
| Pooled investment vehicles | 72 | $24,033,909,591 | 72.4% | $333.8M |
| Pension and profit-sharing plans | 8 | $5,568,380,785 | 16.8% | $696.0M |
| Charitable organizations | Not reported | $142,663,164 | 0.4% | — |
| State or municipal government entities | Not reported | $34,862,718 | 0.1% | — |
| Insurance companies | Not reported | $706,875,521 | 2.1% | — |
| Total | 91 | $33,189,776,888 | 100% | $364.7M |
- Clients
- 5
- Regulatory AUM
- $201,744,801
- Share
- 0.6%
- Avg. per client
- $40.3M
- Clients
- 6
- Regulatory AUM
- $2,501,340,308
- Share
- 7.5%
- Avg. per client
- $416.9M
- Clients
- 72
- Regulatory AUM
- $24,033,909,591
- Share
- 72.4%
- Avg. per client
- $333.8M
- Clients
- 8
- Regulatory AUM
- $5,568,380,785
- Share
- 16.8%
- Avg. per client
- $696.0M
- Clients
- Not reported
- Regulatory AUM
- $142,663,164
- Share
- 0.4%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $34,862,718
- Share
- 0.1%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $706,875,521
- Share
- 2.1%
- Avg. per client
- —
Total
- Clients
- 91
- Regulatory AUM
- $33,189,776,888
- Share
- 100%
- Avg. per client
- $364.7M
What it does
The Putnam Advisory provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
The Putnam Advisory advises 3 private funds.
100.0% of assets ($33.19B across 97 accounts) are managed with discretion. 40% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks93%
- Funds3%
- Registered funds2%
- Pooled vehicles1%
- Bonds1%
- Cash2%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
The Putnam Advisory’s client accounts are held mainly at State Street Bank and Trust, with 12% of managed assets, and Fidelity, with 3%. The Putnam Advisory has custody of client assets.
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $3.96B12%
- FidelityFidelity Management Trust Company · Boston, MA · $911.4M3%
- All other custodians$28.32B85%
Ownership and leadership
Putnam Advisory Holdings II, LLC owns 75% or more of The Putnam Advisory.
- Owns 75% or more of The Putnam Advisory Company, LLC
Putnam Advisory Holdings II, LLC
Control person · since June 2018
- Owns 75% or more of Putnam Advisory Holdings II, LLC
Putnam U.S. Holdings I, LLC
Control person · since October 2017
- 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
- 7 employees
- 7 in advisory functions
- 1 soliciting firm
Fees
The Putnam Advisory is paid through a percentage of assets under management and performance-based fees.
The Putnam Advisory’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, The Putnam Advisory has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 100 Federal ST, BostonHQ
Other business names
The Putnam Advisory has reported 7 other business names to the SEC.
- 37 Capital
- Putnam Capital Partners
- Putnam Global Institutional Management
- Putnam Institutional Management
- Putnam Investment Management
- Putnam Investments
- Putnam Management
Registration details
- Legal name
- The Putnam Advisory Company, LLC
- Headquarters
- 100 Federal ST, Boston, MA 02110
- Phone
- 617-292-1000
- Website
- Not reported
- SEC file
- 801-5097
- 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 The Putnam Advisory have?
The Putnam Advisory has 91 clients and manages $33.2 billion for them, as of September 2026. They include 72 pooled investment vehicles, 8 pension and profit-sharing plans and 6 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does The Putnam Advisory offer?
The Putnam Advisory provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does The Putnam Advisory use?
The Putnam Advisory’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $3,957,550,256 and Fidelity Management Trust Company (Boston, MA), with $911,415,201. 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 The Putnam Advisory have?
The Putnam Advisory has 0 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 The Putnam Advisory invest in?
At the end of its last fiscal year, The Putnam Advisory’s separately managed accounts held 93% exchange-traded equities, 2% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% high-yield corporate bonds and 1% pooled vehicles (private funds and similar). It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Putnam Advisory?
The Putnam Advisory is owned through a chain of holding companies by Franklin Templeton, Inc. Its direct owner is Putnam Advisory Holdings II, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does The Putnam Advisory get paid?
The Putnam Advisory 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