Patten and Patten is an independent registered investment advisor established in 1976 and based in Chattanooga, Tennessee. The firm provides investment management and advisory services primarily on a discretionary basis to individuals, families, retirement plans, trusts, and institutional clients. Patten and Patten focuses on active management strategies, specializing in large-capitalization equity portfolios oriented toward core stocks purchased at reasonable valuations, balanced portfolios, and actively managed fixed-income portfolios that generally avoid credit risk. The firm's research approach combines top-down macroeconomic analysis with bottom-up fundamental analysis, utilizing Modern Portfolio Theory to build diversified portfolios. Patten and Patten does not provide tax or estate planning services, though portfolio managers maintain general proficiency in these areas and coordinate with outside professionals when necessary. The firm requires a minimum investment of $500,000 to establish an individual client account, though principals may waive this minimum at their discretion.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 0.75% |
| $2.0M - $5.0M | 0.50% |
| $5M+ | 0.38% |
Portfolio managers may negotiate alternate fee schedules with clients. Some accounts may be charged a flat quarterly or annual fee if mutually agreed upon.