DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

F L Putnam Investment Management Co.

Independent wealth managerLynnfield, MassachusettsCRD 106223SEC 801-21951website IAPD

Latest filing Aug 19, 2026

First filing on the tape Mar 28, 2012 · 51 filings

SEC status approved since Jul 30, 1984

RAUM

$9.7B

reported, Item 5.F

Discretionary

99%

of RAUM

Private clients

78%

$7.6B individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$123M

derived; firm RAUM over IAPD count

Employees

160

90 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

51 filings and snapshots on the tape

RAUM$9.7B as of Aug 19, 2026

Mar 28, 2012$1.0B then

HNW client RAUM$7.0B as of Aug 19, 2026

Mar 19, 2018$814M then

State-registered IARs (5.B.3)68 as of Aug 19, 2026

Mar 27, 20138 then

Employees (5.A)160 as of Aug 19, 2026

Mar 27, 201319 then

Private funds: no history

RAUM +26% over the last fiscal year+31% a year over threeIARs 55 to 68offices 11 to 14

Practice profile

derived from the filing of Aug 19, 2026; every figure names its basis

Archetypes, each a printed rule

Consolidator · three or more firms absorbed (half or more of their registered advisors moved to this adviser within 14 days) in 24 months
Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)

RAUM per advisor: $125MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 36derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $4.7MderivedHNW RAUM over HNW clients
Average account: $1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary: 99%derivedof RAUM
Institutional: 20%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.1derivedItem 5.A over advisors
Advisors per office: 5.2derived15 offices incl. principal (1.F.5)
RAUM growth, one year: +26%derivedbetween the last two annual amendments
Advisor growth, one year: +24%derivedItem 5.B.3 between annual amendments
Client growth, one year: +20%derived
Compensation: percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, selection of other advisers, otherreportedItem 5.G
Financial planning clients: 2,500reportedItem 5.H
Custody: $3.0B, 1,118 clientsreportedItem 9.A
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Firms absorbed, 24 months: 4derivedhalf or more of a firm's advisors moved here within 14 days
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

buys or sells securities as principal to or from clients (8.A.2)
has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)
a related person has custody of client cash (9.B.1.a)
a related person has custody of client securities (9.B.1.b)
a related person acts as qualified custodian (9.D.2)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$7.0B72%
Charitable organizations$1.7B18%
Individuals$522M5.4%
Pension and profit-sharing plans$173M1.8%
Corporations and businesses$138M1.4%
Investment companies$92.9M1.0%

Individual clients: 1,335reported
HNW clients: 1,488reported
Pension plan clients: 6reported
Charitable clients: 203reported
Accounts: 7,901reported
Financial planning clients: 2,500reported
Wrap fee programs: noreported
Custody of client assets: $3.0B for 1,118 clientsreported
Compensation: % of AUM, fixedreported
Class basis: private_client_share=0.78 fund_share=0.01 institutional_share=0.2 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

79 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Christian David Mcvey	Lynnfield, Ma	May 29, 2003	30 y	1
Steven Nathaniel ViolinChartered Financial Analyst	Needham, Ma	May 29, 2003	26 y	1
Robertson Pope BreedChartered Financial Analyst	Portland, Me	Dec 2, 2003	37 y	1
Andrew Bo WetzelChartered Financial Analyst	Needham, Ma	Mar 27, 2008	23 y	0
Scott Nelson MazuzanCertified Financial Planner	Portland, Me	Apr 13, 2015	15 y	1
Reed Thomas ManningChartered Financial Analyst	Lynnfield, Ma	Dec 11, 2015	23 y	4
Glen Patrick MartinCertified Financial Planner	Providence, Ri	Aug 22, 2016	23 y	4
Ellen Katherine HazenChartered Financial Analyst	Needham, Ma	Jan 30, 2017	13 y	0
Laurie Anne FailleCertified Financial Planner	Needham, Ma	Jan 17, 2019	15 y	1
Roger N. BeginCertified Financial Planner	Providence, Ri	Feb 13, 2019	31 y	1
Katharine Celeste Manning	Boston, Ma	Feb 21, 2019	29 y	0
Thomas Patrick FayChartered Financial Analyst	Providence, Ri	Apr 2, 2019	30 y	1
Landon Joe FritchCertified Financial Planner	Wolfeboro, Nh	Apr 5, 2019	10 y	1
Thomas George GoodwinCertified Financial Planner	Wolfeboro, Nh	Apr 5, 2019	27 y	3
Susan Macmichael JohnCertified Financial Planner	Wolfeboro, Nh	Apr 5, 2019	38 y	1
Kristen Ann Madden	Wolfeboro, Nh	Apr 5, 2019	39 y	1
Daosith Samuel LemayCertified Financial Planner	Portsmouth, Nh	Apr 5, 2019	21 y	2
Valerie Jean Brown	Wolfeboro, Nh	Apr 5, 2019	24 y	1
Marianne PursleyCertified Financial Planner	Providence, Ri	May 8, 2019	26 y	0
Jessie Lyn ButlerCertified Financial Planner	Portland, Me	May 20, 2019	22 y	0
Todd Christopher MillsCertified Financial Planner	Lynnfield, Ma	Dec 11, 2019	30 y	5
William Michael O'Brien	Needham, Ma	Dec 15, 2020	40 y	1
Corey Brian PomerleauCertified Financial Planner	Needham, Ma	Jan 4, 2021	10 y	0
Ryan Bernard McquilkinCertified Financial Planner, Chartered Financial Analyst	Lynnfield, Ma	Jun 8, 2021	11 y	1
James BalfourCertified Financial Planner, Chartered Financial Analyst	Wolfeboro, Nh	Nov 10, 2021	26 y	1
Timothy Richard Hamilton	Portsmouth, Nh	Apr 25, 2022	18 y	2
Benjamin Dolan O'Connor	Portland, Me	Apr 26, 2022	13 y	2
James Andrew WaggettCertified Financial Planner, Chartered Financial Analyst	Needham, Ma	May 10, 2022	23 y	3
Jill HibyanCertified Financial Planner	Portland, Me	Nov 8, 2022	23 y	1
Kimberly Ann RatcliffeChartered Financial Analyst	Lynnfield, Ma	Nov 28, 2022	24 y	1
Lorraine Allison SilvaCertified Financial Planner	Providence, Ri	Mar 10, 2023	10 y	0
Robert Brandt HeitzmanCertified Financial Planner	Lynnfield, Ma	Apr 11, 2023	28 y	3
Julia Yvonne VanzlerCertified Financial Planner	Needham, Ma	Jun 7, 2023	16 y	2
Sean Patrick CraganCertified Financial Planner	Pembroke, Ma	Jun 7, 2023	22 y	4
Robert ShermanCertified Financial Planner, Personal Financial Specialist	New York, Ny	Jun 23, 2023	11 y	1
Carolyn Stewart Macedo	Needham, Ma	Jul 3, 2023	17 y	3
Michael A DesclosCertified Financial Planner	Portsmouth, Nh	Jul 5, 2023	10 y	1
Yvan Philippe BodartChartered Financial Analyst	Lynnfield, Ma	Nov 7, 2023	11 y	1
Joni A Stone	Lynnfield, Ma	Nov 29, 2023	24 y	1
Keyana Johns RussCertified Financial Planner	Mashpee, Ma	Jul 18, 2024	11 y	1

All 79 advisors at F L Putnam Investment Management Co.

Advisor movement

1 left, 18 joined in 12 months

net +17 in 12 months0 left in 90 days9 joined in 90 daysdeparture rate 1.3% of current headcount1 left over 36 months

Left, latest

Jacob Paul Mercier to Caz Investments L.P.
Nov 13, 2025 · Other
Brandon Joseph Schwab to Sequoia Financial Group, L.L.C.
May 1, 2023 · RIA to RIA
Peter Joseph Miniati to Merrill Lynch, Pierce, Fenner & Smith Incorporated
Oct 24, 2022 · RIA to wirehouse
Beth Marie Fratalia to Fidelity Personal And Workplace Advisors
Mar 6, 2020 · RIA to affiliated broker-dealer or bank
David John Shaughnessy to Corient
May 28, 2019 · RIA to RIA
Abigail Marr Psyhogeos to Boston Financial Management LLC
Jun 29, 2018 · RIA to RIA
Donald K. Jones to Fiduciary Trust International, LLC
Nov 2, 2007 · Other

Joined, latest

Joel Dennis Vrabel from F/M Investments LLC
Sep 1, 2026 · Other
David James Drzadinski from F/M Investments LLC
Sep 1, 2026 · Other
Zachary Steven Newcomer from F/M Investments LLC
Sep 1, 2026 · Other
Richard Aaron Burling from F/M Investments LLC
Sep 1, 2026 · Other
Andrew Mark Litzerman from Seascape Capital Management,LLC
Aug 12, 2026 · RIA to RIA
Jaslyn Marques from Strategic Advisers LLC
Aug 10, 2026 · Affiliated broker-dealer or bank to independent RIA
Monica Ann Mccarthy from Seascape Capital Management,LLC
Jul 17, 2026 · RIA to RIA
Laurie Barrett from Seascape Capital Management,LLC
Jul 13, 2026 · RIA to RIA
Christian Leigh Sullivan from Seascape Capital Management,LLC
Jul 13, 2026 · RIA to RIA
Matthew Jacob Fischer from Charles Schwab & Co., Inc.
Jun 8, 2026 · Affiliated broker-dealer or bank to independent RIA
Edward James Terwilliger from Hightower Advisors, LLC
May 6, 2026 · Affiliated broker-dealer or bank to independent RIA
Michael Lewis Mueller from Arcadia Investment Management Corp
Apr 1, 2026 · RIA to RIA
Jerry Bert Love from Arcadia Investment Management Corp
Apr 1, 2026 · RIA to RIA
Charles John Ybema from Arcadia Investment Management Corp
Apr 1, 2026 · RIA to RIA
Mike E Gula from Charles Schwab & Co., Inc.
Feb 27, 2026 · Affiliated broker-dealer or bank to independent RIA

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 joined from F/M Investments LLC
Sep 2, 2026 · Washington, Dc
4 joined from Seascape Capital Management,LLC
Aug 28, 2026 · Portsmouth, Nh · Firm absorbed
3 joined from Arcadia Investment Management Corp
May 21, 2026 · Kalamazoo, Mi · Firm absorbed
5 joined from Aog Wealth Management
Mar 7, 2025 · Reston, Va · Firm absorbed
4 joined from Arbor Capital Management Corp
Dec 6, 2024 · Amherst, Ny · Firm absorbed
2 joined from Svb Wealth
May 19, 2023 · Boston, Ma
6 joined from Financial Focus, Inc.
Jul 16, 2019 · Wolfeboro, Nh · Firm absorbed

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Ellen Flaherty · Director, Clerk, Sr. Vp, Coocontrol
since 12/2001 · owns less than 5%
Thomas Reed Manning · President, Chief Executive Officer, Directorcontrol
since 12/2015 · owns 10% to 25%
Stanley Keith Marks · Chief Compliance Officercontrol
since 10/2025 · owns less than 5%
Michael Timmermans · Chief Legal Officercontrol
since 10/2021 · owns less than 5%
G.P. Margaret Barney · Trustee Of Margaret Wilson Putnam Trust (Tax
since 06/2026 · owns less than 5%
Lee Alan Gosule · Director
since 01/2008 · owns less than 5%
Meredith Lepper · Director
since 01/2008 · owns less than 5%
Richard Osterberg · Director, Trustee Of Margaret Wilson Putnam Executor Estate Of David Putnam
since 01/2008 · owns less than 5%
Stephen John Putnam · Trustee Of Margaret Wilson Putnam Trusts (Tax
since 06/2026 · owns less than 5%
Yvette Putnam · Executor Of Estate Of David Putnam, Trustee Of Margaret Wilson Putnam Trust (Tax Id Number
since 06/2026 · owns less than 5%
Susanne Stauffer · Director
since 10/2014 · owns less than 5%
Ramsay Connor Stewart · Director
since 08/2026 · owns less than 5%
James Russell Valdez · Director
since 08/2026 · owns less than 5%

Entity owners

F.L. Putnam Securities Company Incorporated · Stockholder
direct · owns 75% or more
Estate Of David Putnam · Shareholder
direct · owns 5% to 10%
Margaret Wilson Putnam · Shareholder
direct · owns 5% to 10%
Mcb Fenway LLC · Shareholder
direct · owns 10% to 25%

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left
Portsmouth, Nh	10	6	0
Needham, Ma	10	0	0
Providence, Ri	9	2	0
Reston, Va	8	1	0
Lynnfield, Ma · principal	8	0	1
Wolfeboro, Nh	7	1	0
Amherst, Ny	6	0	0
Portland, Me	6	1	0
New York, Ny	4	0	0
Milwaukee, Wi	3	3	0
Kalamazoo, Mi	3	3	0
Mashpee, Ma	2	0	0

Post-acquisition retention

advisors of absorbed firms still registered here after the move

Firms absorbed: 5 since 2015, 4 in 24 monthsderived
Advisors acquired: 22derived
Still registered after 90 days: 100% of 18derived
After 180 days: 100% of 15derived
After 365 days: 100% of 15derived
After 730 days: 100% of 6derived
Team lift-outs after: 0derivedteams that left this firm within two years of an absorption

Lower bound: a person who left the industry is on neither side of the tape, and a re-registration to an affiliated CRD of the same group counts as a departure.

Offices

Schedule D 1.F, the 25 largest

Needham, MA15 employees
Boston, MA10 employees
New York, NY8 employees
Portland, ME7 employees
Wolfeboro, NH6 employees
Providence, RI6 employees
Amherst, NY4 employees
North Charleston, SC1 employees
New York, NY1 employees
Mashpee, MA1 employees
, 1 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

control person changedChange between filings · filing Aug 19, 2026
MARKS, KEITH, STANLEY (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2022-03-30 and 2026-08-19
peers: independent wealth managers, $5B to $20B (289)

How anomalies are measured

What changed

consecutive filings, newest first

Other offices · 13 to 14
May 26, 2026 to Jul 10, 2026
Other offices · 12 to 13
Apr 10, 2026 to May 26, 2026
Accounts · 6,380 to 7,901
Oct 29, 2025 to Mar 31, 2026
Advisory employees · 73 to 90
Oct 29, 2025 to Mar 31, 2026
Charity clients · 183 to 203
Oct 29, 2025 to Mar 31, 2026
Corporate clients · 16 to 21
Oct 29, 2025 to Mar 31, 2026
HNW clients · 1,278 to 1,488
Oct 29, 2025 to Mar 31, 2026
Individual clients · 1,077 to 1,335
Oct 29, 2025 to Mar 31, 2026
Pension plan clients · 8 to 6
Oct 29, 2025 to Mar 31, 2026
Assets in custody · $2.6B to $3.0B
Oct 29, 2025 to Mar 31, 2026
Employees · 134 to 160
Oct 29, 2025 to Mar 31, 2026
State-registered IARs · 55 to 68
Oct 29, 2025 to Mar 31, 2026
Discretionary RAUM · $7.6B to $9.6B
Oct 29, 2025 to Mar 31, 2026
HNW RAUM · $5.4B to $7.0B
Oct 29, 2025 to Mar 31, 2026
Individual RAUM · $416M to $522M
Oct 29, 2025 to Mar 31, 2026
Non-discretionary RAUM · $66.7M to $75.7M
Oct 29, 2025 to Mar 31, 2026
Pension RAUM · $126M to $173M
Oct 29, 2025 to Mar 31, 2026
RAUM · $7.7B to $9.7B
Oct 29, 2025 to Mar 31, 2026
Financial planning clients · More than 500 to More than 500
Mar 31, 2025 to Jul 14, 2025
Other offices · 11 to 12
Mar 31, 2025 to Jul 14, 2025
Accounts · 5,203 to 6,380
Nov 20, 2024 to Mar 31, 2025
Advisory employees · 60 to 73
Nov 20, 2024 to Mar 31, 2025
Advisory activities · 6 to 7
Nov 20, 2024 to Mar 31, 2025
Charity clients · 171 to 183
Nov 20, 2024 to Mar 31, 2025
Corporate clients · 13 to 16
Nov 20, 2024 to Mar 31, 2025
HNW clients · 1,056 to 1,278
Nov 20, 2024 to Mar 31, 2025
Individual clients · 818 to 1,077
Nov 20, 2024 to Mar 31, 2025
Pension plan clients · unset to 8.0
Nov 20, 2024 to Mar 31, 2025
Assets in custody · $1.9B to $2.6B
Nov 20, 2024 to Mar 31, 2025
Employees · 105 to 134
Nov 20, 2024 to Mar 31, 2025
State-registered IARs · 44 to 55
Nov 20, 2024 to Mar 31, 2025
Other offices · 14 to 11
Nov 20, 2024 to Mar 31, 2025
Discretionary RAUM · $6.1B to $7.6B
Nov 20, 2024 to Mar 31, 2025
HNW RAUM · $4.3B to $5.4B
Nov 20, 2024 to Mar 31, 2025
Individual RAUM · $348M to $416M
Nov 20, 2024 to Mar 31, 2025
Non-discretionary RAUM · $50.2M to $66.7M
Nov 20, 2024 to Mar 31, 2025
Pension RAUM · $5.5M to $126M
Nov 20, 2024 to Mar 31, 2025
RAUM · $6.2B to $7.7B
Nov 20, 2024 to Mar 31, 2025
Other offices · 10 to 14
Jul 17, 2024 to Aug 1, 2024
Accounts · 4,312 to 5,203
Oct 25, 2023 to Mar 28, 2024

Signals

18 dated events

Zachary Steven Newcomer no longer holds an investment adviser registration (last listed at F L Putnam Investment Management Co. on the 2026-09-15 feed)
Sep 15, 2026 · Advisor registration ended · derived
2 advisors left F/M Investments LLC (Washington, DC) for F L Putnam Investment Management CO. on the same day
Sep 2, 2026 · Team lift-out · derived
Seascape Capital Management,Llc's advisors moved to F L Putnam Investment Management CO. (Portsmouth, NH): 4 of 4 registered, on the same day
Aug 28, 2026 · Firm absorbed (people side) · derived
Arcadia Investment Management Corp's advisors moved to F L Putnam Investment Management CO. (Kalamazoo, MI): 3 of 3 registered, on the same day
May 21, 2026 · Firm absorbed (people side) · derived
F L Putnam Investment Management Co. reported 68 state-registered advisory representatives, up from 55 (2025-10-29 to 2026-03-31)
Mar 31, 2026 · Advisor headcount change · derived
F L Putnam Investment Management Co. reported RAUM $9.7B, up 26% from $7.7B (2025-10-29 to 2026-03-31)
Mar 31, 2026 · RAUM change · derived
Jacob Paul Mercier left F L Putnam Investment Management Co. for Caz Investments L.P. (registered 2026-01-04)
Nov 13, 2025 · Advisor changed firm · fact
F L Putnam Investment Management Co. reported 55 state-registered advisory representatives, up from 44 (2024-11-20 to 2025-03-31)
Mar 31, 2025 · Advisor headcount change · derived
Aog Wealth Management's advisors moved to F L Putnam Investment Management CO. (Reston, VA): 5 of 7 registered, on the same day
Mar 7, 2025 · Firm absorbed (people side) · derived
Arbor Capital Management Corp's advisors moved to F L Putnam Investment Management CO. (Amherst, NY): 4 of 5 registered, on the same day
Dec 6, 2024 · Firm absorbed (people side) · derived
F L Putnam Investment Management Co. reported RAUM $6.2B, up 43% from $4.3B (2023-10-25 to 2024-03-28)
Mar 28, 2024 · RAUM change · derived
2 advisors left Svb Wealth (Boston, MA) for F L Putnam Investment Management CO. on the same day
May 19, 2023 · Team lift-out · derived
Brandon Joseph Schwab left F L Putnam Investment Management Co. for Sequoia Financial Group, L.L.C. (registered 2023-05-19)
May 1, 2023 · Advisor changed firm · fact
Peter Joseph Miniati left F L Putnam Investment Management Co. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-01-06)
Oct 24, 2022 · Advisor changed firm · fact
Scott Michael Timmermans (Chief Legal Officer) appeared on Schedule A of F L Putnam Investment Management Co.
Mar 30, 2022 · Control person joined · fact
David Christian Mcvey (Senior Vice President Marketing) no longer on Schedule A of F L Putnam Investment Management Co. (listed 2021-11-15, absent 2022-03-30)
Mar 30, 2022 · Control person left · inference
Pope Robertson Breed (Senior Vice President & Portfolio Manager) no longer on Schedule A of F L Putnam Investment Management Co. (listed 2021-11-15, absent 2022-03-30)
Mar 30, 2022 · Control person left · inference
F L Putnam Investment Management Co. reported RAUM $3.7B, up 34% from $2.8B (2020-12-24 to 2021-03-29)
Mar 29, 2021 · RAUM change · derived

Across DFX

shared identifiers only, never a name match

F L Putnam Investment Management Co. · Family Offices
shared crd · office

How to reach

public business contact points only, each with its source

Firm profile: linkedin.com/company/f-l-putnam-investment-management-companreportedpublic record, Form ADV, Sep 17, 2026
Website: FLPUTNAM.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 800-344-3435reportedpublic record, Form ADV, Aug 19, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $123Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026