Patten and Patten provides portfolio management for individuals and small businesses and portfolio management for institutions.
Patten and Patten reports 879 clients. They include 596 high-net-worth individuals, 245 individual clients and 24 charitable organizations. Of its assets, 99.1% ($2.19B across 2,154 accounts) are managed with discretion; $20.4M across 2 accounts are not. A wrap fee program the firm both sponsors and manages holds $4.16M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 28% | 4% |
| High-net-worth individuals | 68% | 86% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 3% | 6% |
| State or municipal government entities | <1% | 1% |
| Other client typesCorporations and other businesses | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 245 | $96.7M | 4.4% | $395K |
| High-net-worth individuals | 596 | $1.9B | 86.1% | $3.19M |
| Pension and profit-sharing plans | 7 | $15.8M | 0.7% | $2.26M |
| Charitable organizations | 24 | $127M | 5.7% | $5.29M |
| State or municipal government entities | Fewer than 5 | $29.4M | 1.3% | $29.4M |
| Corporations and other businesses | 6 | $39.2M | 1.8% | $6.54M |
| Total | 879 | $2.21B | 100% | — |
- Clients
- 245
- Regulatory AUM
- $96.7M
- AUM share
- 4.4%
- Avg. per client
- $395K
- Clients
- 596
- Regulatory AUM
- $1.9B
- AUM share
- 86.1%
- Avg. per client
- $3.19M
- Clients
- 7
- Regulatory AUM
- $15.8M
- AUM share
- 0.7%
- Avg. per client
- $2.26M
- Clients
- 24
- Regulatory AUM
- $127M
- AUM share
- 5.7%
- Avg. per client
- $5.29M
- Clients
- Fewer than 5
- Regulatory AUM
- $29.4M
- AUM share
- 1.3%
- Avg. per client
- $29.4M
- Clients
- 6
- Regulatory AUM
- $39.2M
- AUM share
- 1.8%
- Avg. per client
- $6.54M
Total
- Clients
- 879
- Regulatory AUM
- $2.21B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Patten and Patten charges 0.375%–0.75% a year for its Standard Management Fee Schedule. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 0.75% |
| $2M–$5M | 0.50% |
| $5M and above | 0.375% |
Fee details and sources
Other fees
- Consulting arrangements
- Consulting for matters that do not involve ongoing investment advice is billed at an hourly fee negotiated in writing with the client.
Raymond Ryan owns 25% to 50% of Patten and Patten. Raymond Ryan is CEO; the leadership team includes Chief Financial Officer Stephanie Graham. It has 13 employees, 3 of them in advisory roles.
Leadership
- Raymond RyanChairman / Chief Executive Officer / President
- Stephanie GrahamPrincipal / Chief Financial Officer / Chief Compliance Officer
- Mark FleckPrincipal / Portfolio Manager
- William DecosimoPrincipal / Portfolio Manager
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- William Frederick Austin Decosimo
- Mark Christopher Fleck
- Raymond Vincent Ryan
Staff
- 13 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of Patten and Patten, Inc.
Raymond Ryan
Control person · since February 2005
- Owns 25% to 50% of Patten and Patten, Inc.
Mark Fleck
Control person · since March 2015
- Owns 10% to 25% of Patten and Patten, Inc.
William Decosimo
Control person · since January 2019
Patten and Patten’s regulatory assets grew from $1.81B (May 2021) to $2.21B (March 2026); clients rose from 672 to 879 and employees from 12 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $2.21B | 879 | 13 | 1 |
| Mar 2025March 2025 | $2.06B | 865 | 14 | 1 |
| Mar 2024March 2024 | $1.93B | 709 | 12 | 1 |
| Jun 2023June 2023 | $1.75B | 699 | 12 | 1 |
| Mar 2022March 2022 | $2.11B | 685 | 12 | 1 |
| May 2021May 2021 | $1.81B | 672 | 12 | 1 |
Besides its headquarters, Patten and Patten has 0 offices, with 1 listed address in 1 state.
Tennessee · 1 listed address
- 555 Walnut Street, Suite 280, ChattanoogaHQ
Contact and registration details
- Legal name
- Patten and Patten, Inc.
- Headquarters
- 555 Walnut Street, Suite 280, Chattanooga, TN 37402
- Website
- patteninc.com
- Phone
- 423-756-3480
- SEC file
- 801-11499
- Founded
- 1976
- Structure
- Tennessee corporation
- Fiscal year end
- December
Patten and Patten’s named custodian for separately managed accounts is Charles Schwab ($1.97B). Patten and Patten has custody of $693M for 356 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.97B100%
At year end, Patten and Patten’s separately managed accounts were mostly in stocks (57%) and funds (29%).
What the accounts hold
- Stocks57%
- Exchange-traded equities56%
- Non-exchange-traded equities1%
- Funds29%
- Bonds8%
- U.S. government and agency bonds5%
- Investment grade corporate bonds2%
- State and local bonds1%
- Cash6%
How many clients does Patten and Patten have?
Patten and Patten has 879 clients and manages $2.21 billion for them, as of March 2026. They include 596 high-net-worth individuals, 245 individual clients and 24 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 March 2026
What services does Patten and Patten offer?
Patten and Patten provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Patten and Patten charge?
Patten and Patten charges 0.375%–0.75% a year for its Standard Management Fee Schedule. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Patten and Patten use?
Patten and Patten’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.97B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 March 2026
How many financial advisors does Patten and Patten have?
Patten and Patten has 3 investment adviser representatives registered with state securities authorities, out of 13 employees, and 3 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 Patten and Patten invest in?
At the end of its last fiscal year, Patten and Patten’s separately managed accounts held 56% exchange-traded equities, 29% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents, 5% U.S. government and agency bonds, 2% investment grade corporate bonds, 1% non-exchange-traded equities 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 Patten and Patten?
Patten and Patten’s direct owners are Raymond Ryan, Mark Fleck and William Decosimo, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 16 March 2026
How does Patten and Patten get paid?
Patten and Patten is paid through a percentage of assets under management 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
How do I contact Patten and Patten?
Patten and Patten’s main office is at 555 Walnut Street, Suite 280, Chattanooga, TN 37402. Its phone number is 423-756-3480. Its website is patteninc.com.