Putnam Investment Management, LLC
Registered investment adviser · Boston, MA · CRD #106629
Form ADV data as of 2026-09-01Regulatory assets
$117.24 billion
Total accounts
16,432
Employees
139
Disclosure events
7
Firm details
- Website: https://www.putnam.com
- Telephone: 617-292-1000
- SEC file number: 801-7974
- Most recent Form ADV filing: 2026-02-03
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 4 disclosure questions answered Yes, covering 7 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a false statement or omission
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $110.55 billion |
| Non-discretionary regulatory assets under management | $6.68 billion |
| Total regulatory assets under management | $117.24 billion |
| Discretionary accounts | 16,412 |
| Non-discretionary accounts | 20 |
| Total accounts | 16,432 |
| Regulatory assets under management attributable to non-U.S. persons | $0 |
People
| Total employees (excluding clerical) | 139 |
| Employees performing investment advisory functions (including research) | 72 |
| Employees who are registered representatives of a broker-dealer | 14 |
| Employees registered as investment adviser representatives with a state | 1 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 1 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $0 |
| Clients for whom the firm has custody | 0 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 2 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Recommends brokers or dealers to clients
- Receives soft dollar benefits
- Compensates a non-employee for client referrals
- Provides employee compensation specifically for obtaining clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 16,168 | $3.19 billion |
| High net worth individuals | 19 | $604.8 million |
| Investment companies | 63 | $104.34 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 6 | $1.46 billion |
| Pension and profit sharing plans (not the participants or government plans) | 39 | $8.0 million |
| Charitable organizations | 21 | $55.6 million |
| State or municipal government entities (including government pension plans) | Not reported | $3.2 million |
| Other investment advisers | 25 | $6.68 billion |
| Insurance companies | Not reported | $763.9 million |
| Corporations or other businesses not listed above | 87 | $126.6 million |
| Other | Not reported | $956,881 |