Patrick Farren is a registered investment advisor at Openarc Corporate Advisory, LLC, based in Atlanta, GA, with 4 years of industry experience. Patrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 2 more. Their firm serves 431 clients with $440M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
OpenArc Corporate Advisory's wealth management fees are capped at 1.75% annually, billed quarterly in advance. The fee is based on the value of your account on the last day of the previous quarter. Adjustments are made for deposits and withdrawals over $100,000. Fees are negotiable and may be reduced by combining family member accounts. The firm may use Pontera to manage held away accounts, charging the same wealth management fee. The firm also uses Dynasty's TAMP services, and clients will be charged separate Third-Party Manager fees.
Location
3550 Peachtree Road Ne, Floor 7, Atlanta, GA, 30326
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Patrick is a sales representative for Vector Marketing, a major sales arm of Cutco Cutlery, since 2019. He builds relationships with clients to understand their needs and execute orders, dedicating about 10-20% of his time to this activity.
Employment History
Current Registrations
Openarc Corporate Advisory, LLC
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations2 states
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