Putnam Investment Management, LLC (Boston)

Name: Putnam Investment Management, LLC
Address: 100 Federal St, Boston, MA, 02110
Telephone: 617-292-1000

Putnam Investment Management, LLC is a large advisory firm based in Boston. It manages $88.63 billion of regulatory assets for 154 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Louisiana, Massachusetts, and 4 other states.

Putnam Investment Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Putnam Investment Management: assets under management

The assets under management (AUM) of Putnam Investment Management, LLC is $88.63 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $88.63 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $575.53 million each.

Putnam Investment Management has custody of $4.71 million in cash and securities for 2 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in derivatives form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Putnam Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lawrence Jay Lasser serves?

The only and largest group of clients of Lawrence Jay Lasser is investment companies with 107 clients and $88.25 billion of assets under management. Among the 9 most similar advisory firms, Putnam Investment Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $88.25 billion for 107 clients. None of the firm’s clients are foreign persons or businesses.

Putnam Investment Management doesn't advise any private funds.

Careers at Putnam Investment Management, LLC

The company employs 303 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lawrence Jay Lasser has been acting as President since 1 Nov 2000. Walter Clemens Donovan has served as the Chief Investment Officer since 1 May 2009 and Robert Lloyd Reynolds is the Chief Executive Officer of Putnam Investment Management, LLC family office. Aaron M Cooper joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Jay Lasser	President	1 Nov 2000	Other	1096806
Gordon H. Silver	Senior managing director	1 Nov 2000	Other	4337185
Irene Marie Esteves	Senior managing director and chief financial officer	1 Nov 2000	Other	3212566
Stephen Mark Oristaglio	Senior managing director and deputy head of investments	1 Nov 2000	Other	870739
Ian Ferguson	Senior managing director and head of investments	1 Nov 2000	Other	4337617
William Henderson Woolverton	Managing director, chief legal officer, chief compliance officer	1 Nov 2000	Other	1494141
Llc Putnam Investments	Parent company	1 Nov 2000	75% - 100%	04-3543044
Philippe Bibi	Senior managing director, chief technology officer	1 Aug 2001	Other	5042035
Putnam Investment Management Trust	Parent company	1 Feb 2002	75% - 100%	30-0044369
Stephen Mark Oristaglio	Senior managing director and co-head of investments	1 Nov 2002	Other	870739
Charles Edgar Haldeman	Senior managing director and co-head of investments	1 Nov 2002	Other	1754009
Charles Edgar Haldeman	President and chief executive officer	1 Nov 2003	Other	1754009
A.J.C. Ian Smith	Chairman	1 Nov 2003	Other	4727984
Steven Spiegel	Vice chairman	1 Nov 2003	Other	432072
Ian Smith	Chairman	1 Nov 2003	Other	4727984
Charles A. Ruys De Perez	Managing director and chief compliance officer	1 Feb 2004	Other	4767182
Charles Antony Ruys De Perez	Managing director and chief compliance officer	1 Feb 2004	Other	4767182
Steven D Krichmar	Chief of operations	1 Mar 2004	Other	5042045
Francis Joseph Mcnamara	Senior managing director and chief legal officer	1 Apr 2004	Other	2258046
Amrit Kanwal	Senior managing director and chief financial officer	1 Apr 2004	Other	4364304
Richard S Robie	Senior managing director and chief administrative officer	1 Apr 2004	Other	2231477
Amrit Bir Singh Kanwal	Senior managing director and chief financial officer	1 Apr 2004	Other	4364304
Richard Senter Robie	Senior managing director and chief administrative officer	1 Apr 2004	Other	2231477
Kevin M. Cronin	Managing director, deputy head of investments	1 Jul 2004	Other	4776669
Kevin Michael Cronin	Managing director, deputy head of investments	1 Jul 2004	Other	4776669
Kevin Michael Cronin	Managing director, head of investments	1 Feb 2005	Other	4776669
Edward Thomas Shadek	Managing director, deputy head of investments	1 Feb 2005	Other	2541032
Joshua Huntington Brooks	Managing director, deputy head of investments	1 Feb 2005	Other	2184111
Robert R Leveille	Chief compliance officer	1 Mar 2007	Other	5305652
Mitchell Thomas Grenfell Graye	Senior managing director, chief financial officer	1 Mar 2008	Other	4364674
Douglas Loren Wooden	Senior managing director, chief administrative officer	1 Mar 2008	Other	2921556
Clare Richer	Chief financial officer	1 Dec 2008	Other	4520133
Robert Lloyd Reynolds	Chief executive officer	1 Dec 2008	Other	2009065
Walter Clemens Donovan	Chief investment officer	1 May 2009	Other	1406537
Llc Putnam U.S. Holdings	Member	1 Jan 2010	75% - 100%	26-0334814
Robert Thomas Burns	General counsel	1 May 2011	Other	2580659
Llc Putnam U.S. Holdings I	Member	1 Apr 2012	75% - 100%	04-3543044
James F. Clark	Chief compliance officer	1 Jan 2016	Other	6607431
Michael Joseph Woodall	Chief of operations	1 Nov 2016	Other	2010296
Aaron M Cooper	Chief investment officer, equity	1 Nov 2016	Other	6729867
Robert J Schoen	Chief investment officer, global asset allocation	1 Nov 2016	Other	6729870
Dennis William Kohli	Chief investment officer, fixed income	1 Nov 2016	Other	1891986
Brian D Lenhardt	Chief operational officer, investment division	1 Nov 2016	Other	6730352
Andra Sloane Bolotin	Chief financial officer	1 Jun 2017	Other	5628438
Aaron M Cooper	Chief operating officer	1 Feb 2019	Other	6729867
Richard Shepherd Perkins	Chief investment officer, equities	1 Feb 2019	Other	2446072

Indirect Owners

The SEC currently registers 46 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Power Corporation Of Canada	Shareholder	1 Apr 1925	75% - 100%	foreign entity
Paul Guy Desmarais	Shareholder, director	1 May 1968	50% - 75%	1498207
Power Financial Corporation	Shareholder	1 Mar 1986	50% - 75%	foreign entity
171263 Canada Inc.	Shareholder	1 Mar 1988	50% - 75%	foreign entity
Power Corporation Of Canada	Shareholder	1 Dec 1998	75% - 100%	foreign entity
279595 Canada Inc.	Shareholder	1 Dec 1998	75% - 100%	foreign entity
Inc. Marsh & Mclennan Companies	Corporation	1 Nov 2000	75% - 100%	36-2668272
Putnam Investments Trust	Massachusetts business trust	1 Dec 2000	75% - 100%	04-2539558
Great West Financial (Canada) Inc.	Shareholder	1 Jan 2001	75% - 100%	foreign entity
Great West Lifeco Inc.	Shareholder	1 Jan 2001	75% - 100%	foreign entity
Gwl&A Financial (Canada) Inc	Shareholder	1 Jan 2001	75% - 100%	foreign entity
Great West Financial (Canada) Inc	Shareholder	1 Jan 2001	75% - 100%	foreign entity
Putnam Investments Trust	Massachusetts business trust	1 Feb 2002	75% - 100%	04-2539558
Llc Putnam	De llc	1 Feb 2002	75% - 100%	36-4488942
Ian Smith	Trustee	1 Oct 2003	Other	4727984
Stephen Mark Oristaglio	Trustee	1 Nov 2003	25% - 50%	870739
Jeffrey Wayne Greenberg	Trustee	1 Nov 2003	25% - 50%	4831649
Francis Joseph Mcnamara	Trustee	1 Feb 2005	Other	2258046
Amrit Bir Singh Kanwal	Trustee	1 Feb 2005	Other	4364304
Richard Senter Robie	Trustee	1 Feb 2005	Other	2231477
Putnam Acquisition Financing Llc	Member	1 Apr 2007	75% - 100%	87-0803672
Putnam Acquisition Financing Inc.	Member	1 Apr 2007	75% - 100%	98-0539229
Gwl&A Financial (Nova Scotia) Co.	Shareholder	1 Apr 2007	75% - 100%	foreign entity
Great West Financial (Nova Scotia) Co.	Shareholder	1 Apr 2007	75% - 100%	foreign entity
Putnam U.S. Holdings Llc	Shareholder	1 Apr 2007	75% - 100%	26-0334814
Llc Putnam U.S. Holdings	Shareholder	1 Apr 2007	75% - 100%	26-0334814
Great West Financial (Nova Scotia) Co.	Shareholder	1 Aug 2007	75% - 100%	foreign entity
Great West Lifeco U.S. Inc.	Member	1 Aug 2007	75% - 100%	26-0682635
Great West Lifeco U.S. Llc	Member	1 Aug 2007	75% - 100%	26-0682635
Putnam General Partnership	Member	1 Aug 2007	75% - 100%	26-0335054
Putnam U.S. Holdings Inc	Shareholder	1 Aug 2007	75% - 100%	26-0334814
Endeavor Holding Llc	Member	1 Aug 2007	75% - 100%	41-2242607
Great West Lifeco U.S. Inc	Member	1 Aug 2007	75% - 100%	26-0682635
Llc Putnam Investments	Shareholder	1 Dec 2007	75% - 100%	26-1080669
Putnam Investments Llc	Shareholder	1 Dec 2007	75% - 100%	26-1080669
Jacqueline Desmarais	Trustee	1 Oct 2013	Other	6264972
Michel Plessis Belair	Trustee	1 Oct 2013	Other	6264973
Guy Fortin	Trustee	1 Oct 2013	Other	6264971
Paul Desmarais	Trustee	1 Oct 2013	Other	1498208
Andre Desmarais	Trustee	1 Oct 2013	Other	6265184
The Desmarais Family Residuary Trust	Shareholder	1 Oct 2013	50% - 75%	foreign entity
Paul Guy Desmarais	Trustee	1 Oct 2013	Other	1498208
Andre Roger Desmarais	Trustee	1 Oct 2013	Other	6265184
The Desmarais Family Residuary Trust	Shareholder	1 Oct 2015	75% - 100%	foreign entity
Pansolo Holding Inc.	Shareholder	1 Oct 2015	50% - 75%	foreign entity
Sophie Desmarais	Trustee	1 Mar 2018	Other	6922224

Based in Boston

The principal office where Putnam Investment Management, LLC performs its advisory services is located at 100 Federal St, Boston, MA 02110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-292-1000 or by fax 617-292-1625. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at putnam.com.