Stewart & Patten Co LLC (San Francisco)

Name: Stewart & Patten Co LLC
Address: 1 Post Street, Suite 850, San Francisco, CA, 94104
Telephone: 415-421-4932

Stewart & Patten Co LLC is a large advisory firm based in San Francisco. It manages $840.77 million of regulatory assets for 768 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, New York, Oregon, and 3 other states.

Stewart & Patten provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stewart & Patten: assets under management

The assets under management (AUM) of Stewart & Patten Co LLC is $840.77 million. The firm's AUM has grown by 104% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $824.93 million in discretionary accounts and $15.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $368.54 thousand.

Stewart & Patten has custody of $23.58 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Stewart & Patten Co LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stewart & Patten serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Stewart & Patten is high net worth individuals with 229 clients and $739.06 million of assets under management. Among the 11 most similar advisory firms, Stewart & Patten has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $835.36 million for 357 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Stewart & Patten doesn't advise any private funds.

Careers at Stewart & Patten Co LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Sheridan Patten	Member, principal	1 Jan 1966	25% - 50%	2700645
Ronald Patten	Member, principal	1 Jan 1966	25% - 50%	2700645
Gleb Belonogoff	Member, principal	1 Jan 1976	25% - 50%	4378628
John Gentry	Member, principal	1 Jan 1987	25% - 50%	1604356
Robert Matthew Gentry	Associate	1 Nov 1997	Other	1397169
Stephen Ethridge	Member, principal	1 Jan 1998	25% - 50%	2703318
Stephen Arthur Ethridge	Member, principal cco	1 Jan 1998	Other	2703318
Robert Matthew Gentry	Member, principal, cfa	1 Jan 2002	25% - 50%	1397169
Lori Eileen Sherman	Member,principal, cfp, chief compliance officer	1 Jan 2003	25% - 50%	2790268
Edward John Schneider Iii	Member, principal	1 May 2007	Other	414336

Based in San Francisco

The principal office where Stewart & Patten Co LLC performs its advisory services is located at 1 Post Street, Suite 850, San Francisco, CA 94104, 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 415-421-4932 or by fax 415-421-0710. The normal business hours are 7:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at stewartandpatten.com.