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Company Details
Founded in 1983, F.L. Putnam Investment Management Company ("F.L. Putnam") distinguishes itself by the remarkable qualities of its people; intellect, integrity, and experience that have consistently supported clients and their goals. F.L. Putnam offers a comprehensive suite of client-tailored services, guided by shared values that prioritize accessibility, approachability, and collaboration. The firm's adaptable platform serves clients of all sizes, including high-net-worth, ultra-high-net-worth, and non-profit organizations, complemented by sophisticated alternative investment capabilities acquired in 2021. Embracing continuous improvement, the firm fosters a team-oriented atmosphere within three-person client teams, ensuring transparency in all systems, facilitated by heavy use of Salesforce. F.L. Putnam's culture values innovation, encourages fresh perspectives, and fosters creative problem-solving.
F.L. Putnam Investment Management Company positions itself as a client-centric firm that emphasizes understanding and aligning with the long-term goals and objectives of its clients. The firm offers a comprehensive suite of services, including investment management, financial planning, and family office solutions. The firm highlights the intellect, integrity, and experience of its team, providing consistent, objective advice to help clients make informed decisions about their financial lives. F.L. Putnam provides tailored advice, recognizing that each client has unique needs and circumstances, and employ a hybrid investment architecture that includes both active and passive strategies, as well as traditional and alternative investments.
F.L. Putnam's investment advisory services are designed to align with clients' long-term goals through:
- Investment Policy Design: Setting goals and objectives, considering time horizon, liquidity constraints, income and withdrawal requirements, cash flow planning, and tax constraints, all integrated with the financial plan.
- Asset Allocation and Portfolio Construction: Strategic (long-term) and tactical (short-term) positioning, with market-driven rebalancing based on forward-looking expectations.
- Manager and Security Selection: Incorporating traditional and alternative asset classes, passive and active strategies, and a hybrid architecture tailored to client-specific factors.
- Ongoing Portfolio Management: Implementing tax-loss harvesting where appropriate, thoughtful cash flow planning, adherence to the Investment Policy Statement, and proactive client communication.
The firm's philosophy emphasizes a comprehensive, strategic, and diligent approach, ensuring portfolios are tailored to meet the specific needs of clients.
By integrating these services, F.L. Putnam aims to provide a holistic financial experience, supporting clients in achieving their financial objectives through personalized planning and investment strategies.
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Acquisition Model
Full Acquisition
Yes. For further information, please contact Alaris.
Yes
For further information, please contact Alaris.
For further information, please contact Alaris.
Mandatory Points of Alignment
F.L. Putnam is open to the possibility of retaining the existing brand. However, should the decision be made not to do so, the firm will transition to adopting the F.L. Putnam brand from the outset.
To scale the business effectively, F.L. Putnam asks all partners to adopt its technology and systems.
Partners will have visibility into their local P&L.
F.L. Putnam asks all partners to adopt its client experience.
F.L. Putnam has a team dedicated to practice management that they encourage advisors to utilize.
F.L. Putnam centralizes asset allocation decisions, but advisors may retain partner equity or fixed-income strategies and integrate them into the centralized platform.
Advisor Value Proposition
F.L. Putnam boasts a para-planning team and portfolio analyst team that serves as a grooming ground for future advisors, with a three-year tenure. F.L. Putnam will also cover the cost of their CFP licenses and provide paid study leave, highlighting their commitment to employee growth.
F.L. Putnam provides both local and centralized financial planning services and offers credit solutions through third-party vendors. They also have a vendor in place to manage 401(k) plans for clients.
F.L. Putnam will take over all back office functions, including marketing, operations, centralized investments, trading, compliance, legal, HR, finance, and functional reporting.
In addition to financial planning and portfolio management, F.L. Putnam offers OCIO services, insurance, tax management, and estate/legacy planning. As of the fall of 2024, F.L. Putnam also began to offer trust services.
F.L. Putnam has a marketing department and utilizes outsourced PR services to effectively manage their presence on social media platforms like LinkedIn. Additionally, the company conducts quarterly webinars on various topics for clients. Additionally, F.L. Putnam utilizes the Schwab Advisor Network and Fidelity Wealth Advisory Services referral platforms for growth and offers advisor incentive plans. They have a dedicated business development team with members assigned to Schwab and Fidelity, tasked with identifying and pushing leads to advisors. Last year, F.L. Putnam generated 150 million dollars of AUM through its referral programs. They have had a successful 20-year history with Schwab, while their partnership with Fidelity is relatively new.
F.L. Putnam has two dedicated team members responsible for overseeing both investment advisors and client advisors to assist partners in various aspects. This includes defining staff roles and responsibilities at their local office, aiding in employee reviews and performance management, recommending a structured workweek model for local offices, identifying and implementing strategic growth initiatives, and managing local offices to achieve specific KPIs.
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