Cutler Investment Counsel provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and pension consulting. Financial planning was provided to 500 clients last fiscal year.
Cutler Investment Counsel reports 1,074 clients. They include 583 individual clients, 366 high-net-worth individuals, and 86 pension and profit-sharing plans. Of its assets, 86.7% ($1.34B across 1,765 accounts) are managed with discretion; $206M across 82 accounts are not. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 54% | 13% |
| High-net-worth individuals | 34% | 51% |
| Investment companies | <1% | 6% |
| Pension and profit-sharing plans | 8% | 27% |
| Charitable organizations | 1% | 2% |
| Other client typesCorporations and other businesses | 2% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 583 | $195M | 12.6% | $334K |
| High-net-worth individuals | 366 | $788M | 51.1% | $2.15M |
| Investment companies | 1 | $90.5M | 5.9% | $90.5M |
| Pension and profit-sharing plans | 86 | $410M | 26.6% | $4.77M |
| Charitable organizations | 12 | $24.1M | 1.6% | $2.01M |
| Corporations and other businesses | 26 | $34M | 2.2% | $1.31M |
| Total | 1,074 | $1.54B | 100% | $1.44M |
- Clients
- 583
- Regulatory AUM
- $195M
- AUM share
- 12.6%
- Avg. per client
- $334K
- Clients
- 366
- Regulatory AUM
- $788M
- AUM share
- 51.1%
- Avg. per client
- $2.15M
- Clients
- 1
- Regulatory AUM
- $90.5M
- AUM share
- 5.9%
- Avg. per client
- $90.5M
- Clients
- 86
- Regulatory AUM
- $410M
- AUM share
- 26.6%
- Avg. per client
- $4.77M
- Clients
- 12
- Regulatory AUM
- $24.1M
- AUM share
- 1.6%
- Avg. per client
- $2.01M
- Clients
- 26
- Regulatory AUM
- $34M
- AUM share
- 2.2%
- Avg. per client
- $1.31M
Total
- Clients
- 1,074
- Regulatory AUM
- $1.54B
- AUM share
- 100%
- Avg. per client
- $1.44M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 500
Cutler Investment Counsel charges 1.00%–1.25% for its Individually Managed Accounts. The brochure does not state whether the rate is annual. The fee is billed in arrears. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Comprehensive Financial Planning
- Stand-alone comprehensive financial planning is an annual retainer starting at a minimum of $5,000, depending on scope and complexity.
Matthew Patten owns 25% to 50% of Cutler Investment Counsel. Matthew Patten is CEO; the leadership team includes President Erich Patten, Chief Operating Officer Brook Anderson and Chief Compliance Officer Brooke Ashland. It has 23 employees, 17 of them in advisory roles.
Leadership
- Matthew PattenChief Executive Officer, Member
- Erich PattenPresident, Member
- Brook AndersonChief Operating
- Brooke AshlandChief Compliance Officer
Investment adviser representatives
21 representatives listed in the SEC register as of 9 October 2026.
- Brook Austin Anderson
- Brooke Cutler Ashland MRS.
- Ellery Elizabeth Barney
- Christine Renae Burkhart
- Thomas Jake Caughell
- Tingwei Chiang
- Carol Sue Fischer
- Randy Scott Gardner
- Christopher James Heckenkamp
- Jennifer Ann Leroy
- Joseph Jing-Ting Lu
- Alexander Otto Lund
- Christopher L Moreton
- Susan Leann Niedwick
- Erich Mark Patten
- Matthew Cutler Patten
- Madison Raye Raffensperger
- Dean Anthony Russo
- Michael Wayne Shamburger
- Nicholas Huy Swanson
- Ryan Lansing Sweet
Staff
- 23 employees
- 17 in advisory functions
- 18 state-registered reps
- 3 soliciting firms
- Owns 25% to 50% of Cutler Investment Counsel, LLC
Matthew Patten
Control person · since October 2003
- Owns 25% to 50% of Cutler Investment Counsel, LLC
Erich Patten
Control person · since October 2003
Cutler Investment Counsel’s regulatory assets grew 2.1× from $750M (April 2021) to $1.54B (August 2026); clients fell from 1,226 to 1,074 and employees rose from 12 to 23.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $1.54B | 1,074 | 23 | 4 |
| July 2025 | $1.31B | 973 | 22 | 4 |
| July 2024 | $1.18B | 960 | 20 | 4 |
| March 2023 | $1.05B | 820 | 20 | 6 |
| March 2022 | $971M | 640 | 14 | 5 |
| April 2021 | $750M | 1,226 | 12 | 4 |
Besides its headquarters, Cutler Investment Counsel has 3 offices, with 4 listed addresses across 4 states.
Alaska · 1 listed address
- 725 E. Firewood Lane, Anchorage
California · 1 listed address
- 220 Newport Center Drive, Newport Beach
Oregon · 1 listed address
- 525 Bigham Knoll, JacksonvilleHQ
Washington · 1 listed address
- 10655 Ne 4th St, Bellevue
Other business names
Cutler Investment Counsel has reported 1 other business name to the SEC.
- Cutler Investment Group
Contact and registration details
- Legal name
- Cutler Investment Counsel, LLC
- Headquarters
- 525 Bigham Knoll, Jacksonville, OR 97530
- Website
- cutler.com
- Phone
- 541-770-9000
- @812471
- SEC file
- 801-62469
- Structure
- Oregon LLC
- Fiscal year end
- December
Cutler Investment Counsel uses Charles Schwab ($997M, 85%) and Empower ($180M, 15%) as custodians for its separately managed accounts. Cutler Investment Counsel has custody of $209M in client assets for 566 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $997M85%
- EmpowerEmpower Financial Services, Inc. · Greenwood Village, CO · $180M15%
At year end, Cutler Investment Counsel’s separately managed accounts were mostly in funds (67%) and stocks (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.06B across 157 positions; the largest are Vanguard Index Fds (5.0%), iShares TR (4.5%) and iShares TR (4.4%).
What the accounts hold
- Stocks27%
- Funds67%
- Bonds3%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash3%
Reported 13F holdings
- $1.06B
- Reported 13F value
- 157
- Positions
- 36.5%
- In the 10 largest
- +9.4%
- Value vs. prior quarter
- Vanguard Index Fds · Mid Cap ETF5.0%
- iShares TR · Core MSCI Eafe4.5%
- iShares TR · Ishs 1-5yr Invs4.4%
- SPDR Index Shs Fds · ST Port Mark ETF3.9%
- J P Morgan Exchange Traded F · Intrnl Res EQT3.7%
- iShares TR · Core S&P US Gwt3.4%
- Caterpillar Inc.3.1%
- iShares TR · Core S&P Scp ETF2.9%
- Vanguard Index Fds · Growth ETF2.9%
- SPDR Series Trust · ST Str Aggre ETF2.8%
Together, the ten largest are 36.5% of reported value.
How many clients does Cutler Investment Counsel have?
Cutler Investment Counsel has 1,074 clients and manages $1.54 billion for them, as of August 2026. They include 583 individual clients, 366 high-net-worth individuals, and 86 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 August 2026
What services does Cutler Investment Counsel offer?
Cutler Investment Counsel provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cutler Investment Counsel charge?
Cutler Investment Counsel charges 1.00%–1.25% for its Individually Managed Accounts. The brochure does not state whether the rate is annual. The fee is billed in arrears.
Source: BROCHURE TO WEALTH MANAGEMENT CLIENTS, filed 20 March 2026
Which custodians does Cutler Investment Counsel use?
Cutler Investment Counsel’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $997M and Empower Financial Services, Inc. (Greenwood Village, CO), with $180M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 August 2026
How many financial advisors does Cutler Investment Counsel have?
Cutler Investment Counsel has 18 investment adviser representatives registered with state securities authorities, out of 23 employees, and 17 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cutler Investment Counsel invest in?
At the end of its last fiscal year, Cutler Investment Counsel’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities, 3% cash and equivalents, 2% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cutler Investment Counsel?
Cutler Investment Counsel’s direct owners are Matthew Patten and Erich Patten, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 12 August 2026
How does Cutler Investment Counsel get paid?
Cutler Investment Counsel is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Cutler Investment Counsel registered with the SEC?
Yes, Cutler Investment Counsel has been registered with the SEC as an investment adviser since 31 October 2003. Its CRD number is 128483 and its SEC file number is 801-62469.
Source: Form ADV Part 1A, Item 1, filed 12 August 2026; IAPD firm record
How do I contact Cutler Investment Counsel?
Cutler Investment Counsel’s main office is at 525 Bigham Knoll, Jacksonville, OR 97530. Its phone number is 541-770-9000. Its website is cutler.com.