{"url":"https://nivawealth.com/firms/patten-and-patten-105414","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/105414","regulatoryAum":2210816671,"crd":"105414","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6776688","suffix":null,"lastName":"Decosimo","firstName":"William","middleName":"Frederick 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2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T03:57:08.492763+00:00","documents":[{"name":"ADV_2A_ MARCH 16, 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019468","versionId":1019468,"submittedOn":"2026-03-16"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":1965246122}],"custodyNote":"Patten and Patten has custody of $693M in client assets for 356 clients.","otherCustodians":[],"leadership":[{"name":"Raymond Ryan","title":"Chairman / Chief Executive Officer / President","crd":"2186050"},{"name":"Stephanie Graham","title":"Principal / Chief Financial Officer / Chief Compliance Officer","crd":"7082620"},{"name":"Mark Fleck","title":"Principal / Portfolio Manager","crd":"4772758"},{"name":"William Decosimo","title":"Principal / Portfolio 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fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":56},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":29},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":0},"sources":{"adv1FilingDate":"16 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/105414/PDF/105414.pdf","brochureDate":"16 March 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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Patten and Patten offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Patten and Patten charge?","answer":"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.","source":"ADV_2A_ MARCH 16, 2026, filed 16 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Patten and Patten use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Patten and Patten have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Patten and Patten invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Patten and Patten?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Patten and Patten get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Patten and Patten?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 16 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}