SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Putnam Investment Management, LLC
Boston, MA
CRD 106629
Firm filing updated September 16, 2026 ·
- $117.2BAssets
- 72Advisory staff
- 16,432Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Individuals16,168
- Corporations or other businesses87
- Investment companies63
- Pension and profit sharing plans39
- Other investment advisors25
- and 3 more46
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 16,168 | $3.2 billion |
| High net worth individuals | 19 | $604.8 million |
| Investment companies | 63 | $104.3 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1.5 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 39 | $8.0 million |
| Charitable organizations | 21 | $55.6 million |
| State or municipal government entities (including government pension plans) | Fewer than 5 clients | $3.2 million |
| Other investment advisors | 25 | $6.7 billion |
| Insurance companies | Fewer than 5 clients | $763.9 million |
| Corporations or other businesses not listed above | 87 | $126.6 million |
| Other: "INCUBATED ACCOUNTS/MODEL PORTFOLIOS" | Fewer than 5 clients | $956,881 |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
Assets and accounts
- Regulatory assets$117.2 billion
- Accounts16,432
- Discretionary$110.6 billion · 16,412 accounts
- Non-discretionary$6.7 billion · 20 accounts
People
- Employees139
- Advisory staff72
- Broker-dealer reps14
- Licensed insurance agents0
Advisors
37 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 106629, SEC file 801-7974.
- Registered with the SEC as an investment advisor (status date on record: November 19, 1971).
Is Putnam Investment Management, LLC a fiduciary?
Short answer: Putnam Investment Management, LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 14 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.