{"url":"https://nivawealth.com/firms/the-putnam-advisory-106631","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106631","regulatoryAum":33189776888,"crd":"106631","secFileNumber":"801-5097","legalName":"The Putnam Advisory Company, LLC","displayName":"The Putnam Advisory","website":null,"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 Capital Partners","Putnam Global Institutional Management","Putnam Institutional Management","Putnam Investment Management","Putnam Investments","Putnam Management"],"registration":{"secApproved":"7 October 1968","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":7,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":33189776888,"discretionaryAccounts":97,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":40,"nonAumClients":1},"clientTypes":[{"label":"High-net-worth individuals","clients":5,"regulatoryAum":201744801},{"label":"Investment companies","clients":6,"regulatoryAum":2501340308},{"label":"Pooled investment vehicles","clients":72,"regulatoryAum":24033909591},{"label":"Pension and profit-sharing plans","clients":8,"regulatoryAum":5568380785},{"label":"Charitable organizations","clients":null,"regulatoryAum":142663164},{"label":"State or municipal government entities","clients":null,"regulatoryAum":34862718},{"label":"Insurance companies","clients":null,"regulatoryAum":706875521}],"fees":[],"feeNotes":[],"custodians":[{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":3957550256},{"name":"Fidelity Management Trust Company","shortName":"Fidelity","location":"Boston, MA","smaAssets":911415201}],"custodyNote":"The Putnam Advisory 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 Advisory Holdings II, LLC","detail":"100% owner in the 75% or more ownership band and a control person, since June 2018."},{"label":"Putnam U.S. Holdings I, LLC","detail":"Indirect owner: a 100% owner of Putnam Advisory Holdings II, LLC in the 75% or more band and a control person, since October 2017.","parent":"Putnam Advisory Holdings II, LLC"},{"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":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":93},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":2},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":3},"sources":{"adv1FilingDate":"16 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106631/PDF/106631.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does The Putnam Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does The Putnam Advisory offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does The Putnam Advisory use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does The Putnam Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does The Putnam Advisory invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns The Putnam Advisory?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does The Putnam Advisory get paid?","answer":"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","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."}