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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. Their culture values innovation, encourages fresh perspectives, and fosters creative problem-solving.
F.L.Putnam Investment Management Company positions itself in the retail market as a boutique firm offering personalized financial services tailored to individual client needs. They emphasize a client-centric approach, providing customized equity and fixed income solutions managed by a seasoned team of portfolio managers.
Their services include financial planning, investment advisory, and investment management, all designed to help clients manage, grow, and transfer their wealth effectively. They highlight their commitment to delivering consistent, objective advice, enabling clients to make informed financial decisions.
F.L.Putnam also underscores their adaptability and dedication to investing in technology and operational infrastructure to deliver superior client service. Their team-based approach ensures clients have direct access to all resources when needed, reinforcing their accessible and responsive service model.
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.
Their 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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Company Videos
Acquisition Model
Full Acquisition
Direct Rollover Equity
Yes, F.L. Putnam seeks to align both parties to achieve growth by designing attractive earn out deal structures.
Max Cash: 100%
Max Equity: $500,000
Standard retention terms is 50% held over 24-36 months.
Partners will receive a salary plus bonus as their compensation. Shareholders will also receive dividends on an ongoing basis.
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 their technology and systems.
The advisers at F.L. Putnam provide unbiased advice and deliver customized financial planning that encompasses: cash flow planning, insurance review, investment management strategies, tax management, retirement planning, and estate/legacy planning.
Partners will have visibility into the local P&L.
F.L. Putnam asks all partners to adopt their 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 their 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 will 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.
AUM Growth
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