Putnam Investment Management, LLC (Boston)


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.