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F L Putnam Investment Management Co. (Wellesley)


F L Putnam Investment Management Co. is a large advisory firm based in Wellesley. It manages $2.28 billion of regulatory assets for 2,656 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Connecticut, and 17 other states.

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F L Putnam Investment Management provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

F L Putnam Investment Management: assets under management

The assets under management (AUM) of F L Putnam Investment Management Co. is $2.28 billion. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $2.27 billion in discretionary accounts and $14.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $875.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $212.46 thousand.
F L Putnam Investment Management has custody of $482.96 million in cash and securities for 220 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay F L Putnam Investment Management Co. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alan Lee Gosule serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Alan Lee Gosule is high net worth individuals with 386 clients and $1.19 billion of assets under management. Among the 8 most similar advisory firms, F L Putnam Investment Management has the 4th highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $2.28 billion for 990 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

F L Putnam Investment Management doesn't advise any private funds.

Careers at F L Putnam Investment Management Co.

The company employs 47 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Alan Lee Gosule has been acting as President since 1 Jan 2008. Reed Thomas Manning joined the executive team most recently as the President, Chief Executive Officer, Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
F.L. Putnam Securities Company Incorporated Stockholder 1 Jun 1984 75% - 100% 01-0462678
Robertson Pope Breed Senior vice president & portfolio manager 1 Jun 1999 Other 1395261
Ellen Flaherty Chief compliance officer, director, clerk, sr. vp, coo 1 Dec 2001 Other 4342590
John Vincent Carberry Director & president 1 Dec 2001 Other 40216
Christian David Mcvey Senior vice president marketing 1 Jan 2002 Other 1318364
Alan Lee Gosule Director 1 Jan 2008 Other 4342601
Meredith Lepper Director 1 Jan 2008 Other 5503163
Richard Osterberg Director 1 Jan 2008 Other 5503167
Susanne Stauffer Director, treasurer, senior vice president & senior portfolio advisor 1 Oct 2014 Other 1060211
Reed Thomas Manning President, chief executive officer, director 1 Dec 2015 Other 4710363

Based in Wellesley

The principal office where F L Putnam Investment Management Co. performs its advisory services is located at 20 William Street, Suite G40, Wellesley, MA 02481, which is also the mailing address of the firm. An additional office of the firm is in Portland, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-344-3435 or by fax 781-235-6037. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at flputnam.com.


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