Cullen, Patterson Capital Management, LLC

CRD#167195
Investment Advisor Firm

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Overview

Cullen, Patterson Capital Management, LLC is a financial advisory company that has its headquarters in Los Angeles, California. Cullen, Patterson Capital Management, LLC manages $125.0 million in total assets across six customer accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The company has a small team of two employees, all of whom are financial advisors. Cullen, Patterson Capital Management, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable financial assets like options, stocks and bonds.

Cullen, Patterson Capital Management, LLC administers more than half of its client assets in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by a portfolio manager without needing to seek the client's approval. The firm also manages one non-discretionary accounts totaling $112.7 million in assets. The investment advisory firm's typical account size is $20.8 million. The typical advisor at Cullen, Patterson Capital Management, LLC administers about three client accounts, placing it among the most personalized firms in the country.

The firm's central office is located at 3487 Wonder View Place, Los Angeles, California 90068. It is allowed to serve investors in the state of California.

Assets Under Management

$125.0 million

Number of Advisors

2

Disclosures

No

Office Location

3487 Wonder View Place
Los Angeles, CA 90068

Cullen, Patterson Capital Management, LLC by the Numbers

Total Assets Under Management

$125.0 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

6

National Average: 2,073
Average Account Size

$20.8 million

National Average: $1.8 million

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Fee Structure

Financial advisory fees largely vary depending on which service is provided. Fee types billed by the firm likely consist of any combination of the following fee types: asset-based or fixed. The company does not supply a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm provides services to high net worth investors and charitable organizations. Out of its six accounts, Cullen, Patterson Capital Management, LLC's largest client type by number of accounts is high net worth investors, but it also caters to four high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 66.67%
  • Other Individuals - 0%
  • Corporations - 0%
  • Charitable Organizations - 33.33%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Cullen, Patterson Capital Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Cullen, Patterson Capital Management, LLC

William Patterson
New York, NY

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This content was compiled from the SEC and FINRA