Patterson Capital Management LP (Austin)


Patterson Capital Management LP is a large advisory firm based in Austin. It manages $5.49 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona and Texas.

Patterson Capital Management provides portfolio management for businesses and institutional clients, publication of newsletters, educational seminars and workshops, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Patterson Capital Management: assets under management

The assets under management (AUM) of Patterson Capital Management LP is $5.49 billion. The firm's AUM has grown by 182% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in government bonds the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Patterson Capital Management LP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard Howard Adler serves?

The only and largest group of clients of Richard Howard Adler is state or municipal government entities with 45 clients and $5.49 billion of assets under management. Among the 11 most similar advisory firms, Patterson Capital Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $5.49 billion for 45 clients. None of the firm’s clients are foreign persons or businesses.

Patterson Capital Management doesn't advise any private funds.

Careers at Patterson Capital Management LP

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Howard Adler has been acting as President since 1 Aug 1998. William H Macarthur joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Linda Thomson Patterson Director, president and chief compliance officer 1 Apr 1994 75% - 100% 2469948
Patterson & Associates Limited partner 1 Apr 1994 Other 742703915
Linda Patterson Director and president of the general partner of the applicant 1 Apr 1994 Other 2469948
Deborah Baptista Director and treasurer of the general partner of the applicant 1 Apr 1994 Other 2469951
Deborah Cervantes Director and cfo of the general partner of the applicant 1 Apr 1994 Other 2469951
Deborah Ann Fleming Director, cfo and chief compliance officer of the general partner of the applicant 1 Apr 1994 Other 2469951
Richard Howard Adler Director 1 Aug 1998 Other 2102059
Jon Cowell Hunt Director 1 Aug 1998 Other 2452038
Inc. Ccm Newco Ii Limited partner 1 Feb 2000 25% - 50% foreign
Convergent Capital Management Llc Limited partner 1 Apr 2003 25% - 50% 34-1975129
Warren Bruce Idsal Director 1 Nov 2003 Other 867820
William H Macarthur Chief compliance officer 1 May 2007 Other 1586070

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard Howard Adler Shareholder 1 Nov 1993 25% - 50% 2102059
Harry Tom Griffith Shareholder 1 Nov 1993 25% - 50% 230065
James Edward Hayes Shareholder 1 Nov 1993 25% - 50% 240511
Convergent Capital Management Inc. Shareholder 1 Sep 1998 75% - 100% 36-3978495
Inc. Ccm Holdings Shareholder 1 Feb 2000 75% - 100% 36-4356466
City National Corporation Member 1 Apr 2003 75% - 100% 95-2568550

Based in Austin

The principal office where Patterson Capital Management LP performs its advisory services is located at Barton Oaks Plaza Ii, Austin, TX 78746, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-320-5042 or by fax 512-320-5041. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at patterson.net.