The structure of multiplicative functions with small partial sums

The Landau-Selberg-Delange method provides an asymptotic formula for the partial sums of a multiplicative function whose average value on primes is a fixed complex number $v$. The shape of this asymptotic implies that $f$ can get very small on average only if $v=0,-1,-2,\dots$. Moreover, if $v<0$, then the Dirichlet series associated to $f$ must have a zero of multiplicity $-v$ at $s=1$. In this paper, we prove a converse result that shows that if $f$ is a multiplicative function that is bounded by a suitable divisor function, and $f$ has very small partial sums, then there must be finitely many real numbers $\gamma_1$, $\dots$, $\gamma_m$ such that $f(p)\approx -p^{i\gamma_1}-\cdots-p^{-i\gamma_m}$ on average. The numbers $\gamma_j$ correspond to ordinates of zeroes of the Dirichlet series associated to $f$, counted with multiplicity. This generalizes a result of the first author, who handled the case when $|f|\le 1$ in previous work.