Private fund adviser · Boston, MA
The Putnam Advisory Company, LLC
SEC-registered investment adviser · CRD 106631 · SEC 801-5097
At a glance
The Putnam Advisory Company, LLC is an SEC-registered investment adviser based in Boston, Massachusetts, with $33.2 billion in regulatory assets under management as of its Form ADV filed September 16, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 5 individual clients. By Form ADV it is a private fund adviser, ranked 239th of 4,686 private fund advisers and 608th of 17,210 SEC-registered advisers by assets.
Main office 617-292-1000putnam.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $33B
- Rank among private fund advisers
- #239 of 4,686
- Rank among all SEC RIAs
- #608 of 17,210
- Rank in Massachusetts
- #49 of 627
- Individual clients
- 5
- High-net-worth clients
- 5
- Accounts
- 97
- Discretionary
- 100% of AUM
- Employees
- 7
- Advisory staff
- 7
- Offices
- 1
Owners and executives on its Form ADV
- James F. ClarkChief Compliance Officer
- Richard S. PerkinsPresident
- Lindsey H. OshitaChief Financial Officer
- Thomas C. MerchantChief Legal Officer
- Leeor P. AvigdorTreasurer
- Sonal DesaiExecutive Vice President
- Adam J. PetrykExecutive Vice President
- Thomas A. MeyersExecutive Vice President
Custody and brokerage
2 custodians
- State Street$4.0B81%
- Fidelity Management Trust$911M19%
Broker-dealer
Affiliated broker-dealer
It names affiliated broker-dealers: Clarion Partners Emea Limited, Clarion Partners Europe (u.k.) Limited, Clarion Partners Securities, LLC, Clarion Partners, LLC, Franklin Distributors, LLC, Franklin Templeton International Services S.a R.L., Franklin Templeton Investments (asia) Limited, Franklin Templeton Investments Corp., Goldberry Wealth Gmbh, Royce Fund Services, LLC and Templeton Asset Management LTD..
- Clarion Partners Emea Limited
- Clarion Partners Europe (u.k.) Limited ↗CRD 322463
- Clarion Partners Securities, LLC ↗CRD 166384
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, November 2025
- Clarion Partners, LLC ↗CRD 108803
- Franklin Distributors, LLC ↗CRD 109064
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, December 2025
- Franklin Templeton International Services S.a R.L. ↗CRD 172140
- Franklin Templeton Investments (asia) Limited ↗CRD 114898
- Franklin Templeton Investments Corp. ↗CRD 111364
- Goldberry Wealth Gmbh
- Royce Fund Services, LLC ↗CRD 14470
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, December 2025
- Templeton Asset Management LTD. ↗CRD 111382
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 72 | $24B | 72% |
| Pension and profit sharing plans | 8 | $5.6B | 17% |
| Investment companies | 6 | $2.5B | 8% |
| Insurance companies | – | $707M | 2% |
| High-net-worth individuals | 5 | $202M | <1% |
| Charitable organizations | – | $143M | <1% |
| State or municipal government entities | – | $35M | <1% |
Private funds
The Putnam Advisory Company, LLC reports 3 private funds with $69M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
The Putnam Advisory Company, LLC answers yes to 5 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
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗putnam.com ↗
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The full record on The Putnam Advisory Company, LLC
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
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- Growth over one, three and five years
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- Rank against 491 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does The Putnam Advisory Company, LLC manage?
The Putnam Advisory Company, LLC reports $33.2 billion in regulatory assets under management across 97 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 16, 2026.
What kind of firm is The Putnam Advisory Company, LLC?
The Putnam Advisory Company, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are The Putnam Advisory Company, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($24.0 billion, 72 clients); pension and profit sharing plans ($5.6 billion, 8 clients); investment companies ($2.5 billion, 6 clients).
Does The Putnam Advisory Company, LLC manage private funds?
Yes. It reports 3 private funds with $69 million in gross assets, including hedge funds.
Does The Putnam Advisory Company, LLC have any disciplinary history?
The Putnam Advisory Company, LLC answers yes to 5 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is The Putnam Advisory Company, LLC’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 (2026-09-16), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →