F.L.Putnam was ranked #62 on Financial Planning Magazine’s 2023 list of the top 150 registered investment advisory firms. The list was compiled by COMPLY, Financial Planning Magazine’s data partner.
COMPLY produced the rankings by applying the following six criteria to firms’ required SEC Form ADV filings in July 2023:
- Firms must have zero registered representatives of a broker-dealer.
- At least 50% of the firm’s clients must be individuals or high net worth individuals.
- Firms must not list commissions as a compensation arrangement.
- Firms must have more than zero financial planning clients.
- Firms must not list commission-taking businesses in “other business activities.”
- Firms cannot be affiliated under common ownership with commission-taking businesses.
For more information on the ranking click here.