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Russell Putnam, JD

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Russell Putnam, JD

Co-President, Principal

AREAS OF EXPERTISE
• Private Placements
• Qualified Opportunity Zones
• Oil & Gas

Biography

Prior to his current role as Co-President, Russell Putnam served as manager at FactRight since 2014, providing due diligence analysis on alternative investment programs, primarily focusing on qualified opportunity zones, oil and gas, and private placement programs.

Russell’s work experience in the financial services industry, and as an attorney, make him uniquely qualified to provide due diligence services on alternative investments. Russell contributes as a due diligence analyst for FactRight to ensure that broker dealers have identified key risks in alternative investments. Russell works with broker dealers and product sponsors to provide clear analysis of complex strategies, governance provisions, fee structures, regulatory matters, and tax benefits and consequences. Prior to joining FactRight, Russell worked for GMAC-RFC, where he gained valuable experience in the securities industry as an asset specialist for a structured finance group focused on the pooling and distribution of asset-and mortgage-backed securities. He also provided financial institutions with compliance services, including federal and state lending requirement research, while working as a compliance-consulting analyst for Wolters Kluwer Financial Services. Additionally, Russell reviewed discovery related documents for relevance, privilege, and confidentiality concerns while employed as a project attorney for Kroll Ontrack.

Education

  • J.D., Magna Cum Laude, Hamline University School of Law
  • B.A., Economics and Political Science, St. Olaf College

Professional Associations and Memberships

  • Member, Minnesota State Bar
  • Toastmasters International Member, All-American Speakers, Eden Prairie, Minnesota

Awards

  • CALI Awards for Academic Excellence in Negotiation, Antitrust, Commercial Law-Payment Systems, Wills and Trusts Drafting
  • Hamline Law Review Associate Editor
  • Hamline Law Review Associate

Recent Blogs from FactRight

  • What a High Home Prices-to-Income Ratio Could Mean for Residential Real Estate Programs
    by steve.s@factright.com (Steve Sims) on January 26, 2023 at 7:18 pm

    Over the past several years, FactRighthas seen a trend in increased demand for residential real estate investment programs (e.g., multifamily, build-to-rent, single family residences).While our offering-level reports provide a market overview at the MSA-level, I wanted to goa few levels higher to the national scale. This blog primarily looks at the relationship of single-family home prices and income in the United States to answer the following question:What are the implications for residentialreal estate programs if housing is overpriced relative to historic norms?  

  • Lapses in Due Diligence and the Collapse of FTX: How Could so Many Have Missed so Much?
    by Jeff.B@factright.com (Jeff Baumgartner) on December 13, 2022 at 9:16 pm

    By now, you may be generally familiar with the recent collapse of FTX, and some of the reasons for its failures are obvious. But by examining FTX side-by-side with perhaps the most infamous investment fraud ever perpetrated, we can discover some keys as to why lapses in due diligence may never be a thing of the past. These two epic failures bear little factual resemblance to one another at first glance, but this post will look more closely at the more transcendent lessons they hold.

  • All Preferred Shares Not Created Equal – Why FactRight Incorporates Scenario Analysis in our Analysis of Preferred Securities
    by kevin@factright.com (Kevin Kirkeby) on November 30, 2022 at 9:21 pm

    It should come as no surprise that the old investment adage about getting what you pay for holds true for preferred stock, too. Despite often being pitched as a bond alternative, especially lately, there are multiple factors beyond dividend yield to consider. Among the features, an investor needs to understand are the liquidity provisions, dividend policy, and preferred shareholder rights. Sponsors tend to get irritable when FactRight stress tests their pro forma model or highlights weak investor protections, dismissing the concerns as implicating scenarios highly unlikely to ever occur. However, sometimes the unlikely or improbable does occur. This post will focus on a real scenario involving several preferred securities that underscores the need for due diligence in these areas.

  • How to Assess Affiliated Transactions in Private Placement Programs
    by kemp@factright.com (Kemp H. Hanley) on October 19, 2022 at 5:37 pm

    Affiliated transactions can be thorny. They raise conflicts of interest and create additional governance challenges and risks. The relative fiduciary duties (or lack thereof) that the manager owes to each side of the transaction complicates the picture. Investors are understandably apprehensive about the conflicts in such deals because there is a higher likelihood that value is being shifted to the affiliated party inappropriately.

  • The 1031 Show Features FactRight's Brandon Raatikka
    by brandon@factright.com (Brandon Raatikka) on September 28, 2022 at 5:00 pm

    One of the most prominent products in the alternative investment space in recent years have been DSTs/1031 Exchanges, which has grown to become an annual $8 billion to $10 billion industry. However, with recent trends in rising interest rates and cap rate compression for many asset classes, due diligence on DST programs in the market has never been more important. With that in mind, FactRight’s chief operating officer (and resident DST expert) Brandon Raatikka joined Ridgegate Financial’s Wallace Smith on the 1031 Show to discuss the importance of 1031 due diligence. The podcast, which you can check out below, covers several topics that broker-dealers and RIAs should consider when evaluating the 1031 space, including the following: The benefits of a third-party due diligence report Trends in the 1031 space An overview of DSTs and key benefits of DST investments Key differences between TICs and DSTs, including the Seven Deadly Sins A primer on 721 UPREITs Areas of focus for evaluating a DST sponsor

Contact

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7500 Flying Cloud Drive, Suite 755
Eden Prairie, MN 55344

Call Today: (612) 284-6150
http://www.factright.com/

info@factright.com

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