The Patterson Capital Corporation
Learn more about The Patterson Capital Corporation
The Patterson Capital Corporation is a financial advisory company that has its headquarters in Los Angeles, California. The company controls $1.1 billion in total assets throughout 12 customer accounts, placing it among the bigger firms in the United States by assets under management (AUM). The company has a small team of eight employees, including four financial advisors. The Patterson Capital Corporation does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets such as options, bonds and stocks.
The Patterson Capital Corporation oversees all of its client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction judgments without requiring the customer's consent. The investment advisory firm's average account size is $88.7 million. An average financial advisor at The Patterson Capital Corporation administers around three client accounts, making it one of the most personalized advisor firms in the country.
The firm's headquarters is at 11100 Santa Monica Blvd, Los Angeles, California 90025. The firm is permitted to serve clients throughout 2 states, including California and Texas.
Assets Under Management
Number of Advisors
The Patterson Capital Corporation by the Numbers
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A financial advisor's fees typically depend on which services the firm provides the client. However, fees billed by the company typically consist of the following fee types: asset-based. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Offered by 74% of firms
Percentage of AssetsShow 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.
Find one of the 35% of firms that offer this fee type
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
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.
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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
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.
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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.
Find one of the 12% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
The Patterson Capital Corporation does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at The Patterson Capital Corporation
Los Angeles, CA
Los Angeles, CA
Los Angeles, CA
Los Angeles, CA
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