Russell Putnam, JD
AREAS OF EXPERTISE
• Private Placements
• Qualified Opportunity Zones
• Oil & Gas
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.
- J.D., Magna Cum Laude, Hamline University School of Law
- B.A., Economics and Political Science, St. Olaf College
- Member, Minnesota State Bar
- Toastmasters International Member, All-American Speakers, Eden Prairie, Minnesota
- 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
- Investment Committee Best Practices for Wealth Managersby Julie Olsen on April 27, 2022 at 6:23 pm
An investment committee (IC) provides wealth management firms a formalized mechanism for improved due diligence, ongoing monitoring, and decision-making. A good IC aligns organizational goals, roles, and processes and enhances accountability, clarity of purpose, and shared knowledge among the team.
- Largest Interval Funds - A Due Diligence Guideby gavin@factright.com (Gavin Aydt) on April 6, 2022 at 5:14 pm
An interval fund is a subcategory of closed-end funds and is a Regulated Investment Company (RIC), which is subject to 1940 Act regulation. Shares of interval funds are not generally “redeemable,” which is why the funds are classified as closed-end rather than open-end funds. Interval funds are so named because they must offer to repurchase shares at pre-determined “periodic intervals.” Although interval funds are closed-end funds from a legal standpoint, they also have features that are usually related to open-end funds, which is why they are sometimes described as a hybrid.
- Highlights from FactRight's RIA Spring Due Diligence Conferenceby Kate@FactRight.com (Kate Stephany) on March 23, 2022 at 4:43 pm
Was it just me, or did our most recent conference in Scottsdale feel, dare I say it, almost normal? I mean, the sun was shining, the palms were swaying, and the beer burro was melting hearts.
- Inflationary Pressures on Credit-Focused Alternative Investment Programsby jake@factright.com (Jacob Heidkamp) on March 3, 2022 at 6:55 pm
Inflationary pressures have increased markedly in the global economy over the last year. CPI prints have recently reached levels not visited in almost four decades.
- Using Non-Listed REIT Metrics: FFO, AFFO, and MFFO Due Diligenceby Julie Olsen on February 16, 2022 at 7:16 pm
Many real estate investment trusts (REITs) voluntarily report supplemental performance metrics. Industry organizations established non-GAAP metrics to build credibility and broader capital markets acceptance of REITs by enhancing comparability of operating performance across funds. Two decades ago, Nareit established Funds from Operations (FFO) for publicly traded REITs, and a decade ago, the Institute for Portfolio Alternatives (IPA) established Modified Funds from Operations (MFFO) guidelines for non-listed (NL) REITs. In addition, many traded and NL REITs report Adjusted Funds from Operations (AFFO) or other variations such as Core FFO and Funds Available for Distribution.