Wealth manager, independent · Lynnfield, MA
F L Putnam Investment Management Co.
SEC-registered investment adviser · CRD 106223 · SEC 801-21951
At a glance
F L Putnam Investment Management Co. is an SEC-registered investment adviser based in Lynnfield, Massachusetts, with $9.7B in regulatory assets under management as of its Form ADV filed August 19, 2026. It reports 2,823 individual clients, 1,488 of them high-net-worth, holding an average of about $2.7 million each, and 160 employees. That ranks it 104th among the nation’s 5,657 independent wealth management RIAs and 9th of 202 in Massachusetts. It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and Northern Trust.
Main office 800-344-3435flputnam.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $9.7B
- Rank among independent wealth managers
- #104 of 5,657
- Rank among all SEC RIAs
- #1,396 of 17,210
- Rank in Massachusetts
- #9 of 202
- Individual clients
- 2,823
- High-net-worth clients
- 1,488
- Accounts
- 7,901
- Discretionary
- 99% of AUM
- Employees
- 160
- Advisory staff
- 90
- Offices
- 15
Owners and executives on its Form ADV
- Susanne StaufferDirector
- Ellen FlahertyDirector, Clerk, SR. VP, COO
- Alan L. GosuleDirector
- Meredith LepperDirector
- Richard OsterbergDirector, Trustee of Margaret Wilson Putnam Trusts (tax ID Numbers Ending 01, 02, 03, 07), Executor Estate of David Putnam
- Reed T. ManningPresident, Chief Executive Officer, Director
- Michael S. TimmermansChief Legal Officer
- Keith S. MarksChief Compliance Officer
- John S. PutnamTrustee of Margaret Wilson Putnam Trusts (tax ID Numbers Ending in 01, 02, 03)
- Margaret G. BarneyTrustee of Margaret Wilson Putnam Trust (tax ID Number Ending in 03)
- Yvette PutnamExecutor of Estate of David Putnam, Trustee of Margaret Wilson Putnam Trust (tax ID Number Ending in 07)
- Connor R. StewartDirector
Custody and brokerage
Broker-dealer
No broker-dealer ties
F L Putnam Investment Management Co. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,488 | $7.0B | 72% |
| Charitable organizations | 203 | $1.7B | 18% |
| Individuals | 1,335 | $522M | 5% |
| Pension and profit sharing plans | 6 | $173M | 2% |
| Corporations or other businesses | 21 | $138M | 1% |
| Investment companies | 1 | $93M | <1% |
Disciplinary disclosures
F L Putnam Investment Management Co. answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗flputnam.com ↗
AtlasMembers
The full record on F L Putnam Investment Management Co.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 412 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 13 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Massachusetts
All of Massachusetts →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Loring, Wolcott & Coolidge Fiduciary Advisors, LLPBoston | $13B | 3,214 |
| Choate Investment AdvisorsBoston | $10B | 614 |
| Welch & Forbes LLCBoston | $9.9B | 643 |
| Battery Global Advisors, LLCBoston | $8.4B | 65 |
| Cambridge Associates Limited, LLCBoston | $8.2B | 20 |
| Crestwood AdvisorsBoston | $8.0B | 1,106 |
Background
Questions
How much does F L Putnam Investment Management Co. manage?
F L Putnam Investment Management Co. reports $9.7B in regulatory assets under management across 7,901 accounts, 99% of it on a discretionary basis, on its Form ADV filed August 19, 2026.
How many clients does F L Putnam Investment Management Co. have?
It reports 2,823 individual clients: 1,488 high-net-worth individuals and 1,335 other individuals. Individuals account for about 78% of its regulatory assets.
Where is F L Putnam Investment Management Co. headquartered?
Its main office is in Lynnfield, Massachusetts. It reports 15 offices in total and 160 employees, 90 of whom perform investment advisory functions.
How does F L Putnam Investment Management Co. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does F L Putnam Investment Management Co. use?
It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and Northern Trust. On Schedule D of its Form ADV filed August 19, 2026, it reports these amounts held: Charles Schwab ($4.2B); Fidelity ($3.2B); Northern Trust ($1.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is F L Putnam Investment Management Co. a hybrid RIA with a broker-dealer?
F L Putnam Investment Management Co. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is F L Putnam Investment Management Co. a fiduciary?
As an SEC-registered investment adviser, F L Putnam Investment Management Co. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is F L Putnam Investment Management Co.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-19), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →