Patten And Patten, Inc. is a large advisory firm based in Chattanooga. It manages $1.32 billion of regulatory assets for 1,855 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 30 other states.
Patten And Patten provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Patten And Patten, Inc. is $1.32 billion. The firm's AUM has grown by 53% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Patten And Patten, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Worcester Allen Bryan Patten is high net worth individuals with 618 clients and $1.18 billion of assets under management. Among the 10 most similar advisory firms, Patten And Patten has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.32 billion for 655 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Patten And Patten doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Worcester Allen Bryan Patten has been acting as President since 1 Apr 1976. Mark Christopher Fleck joined the executive team most recently as the Principal.
The principal office where Patten And Patten, Inc. performs its advisory services is located at 520 Lookout Street, Chattanooga, TN 37403 1713, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 423.756.3480 or by fax 423.267.0009. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at patteninc.com.