Patton Albertson Miller Group, LLC (Chattanooga)


Patton Albertson Miller Group, LLC is a large advisory firm based in Chattanooga. It manages $459.16 million of regulatory assets for 733 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 5 other states.

Patton Albertson Miller Group provides financial planning services, portfolio management for individuals and small businesses, and consulting and sub advisory services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Patton Albertson Miller Group: assets under management

The assets under management (AUM) of Patton Albertson Miller Group, LLC is $459.16 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $459.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $626.41 thousand each.
Patton Albertson Miller Group has custody of $192.58 million in cash and securities for 107 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Patton Albertson Miller Group, LLC 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 Patton Albertson Miller Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Patton Albertson Miller Group is high net worth individuals with 133 clients and $393.73 million of assets under management. Among the 13 most similar advisory firms, Patton Albertson Miller Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $459.16 million for 265 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.

Patton Albertson Miller Group doesn't advise any private funds.

Careers at Patton Albertson Miller Group, LLC

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Llc Focus Operating Member 1 Oct 2015 75% - 100% 20-8161914
Lisa M Bryant Chief compliance officer 1 Oct 2015 Other 6125053
John Marc Albertson Partner 1 Oct 2015 Other 4286283
James B. Patton Partner 1 Oct 2015 Other 4650091
William Press Miller Partner 1 Oct 2015 Other 1570584
Robert David Maloy Partner 1 Oct 2015 Other 5627943
John D Eubanks Partner 1 Oct 2015 Other 5147739

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Focus Financial Partners Member 1 Jan 2007 75% - 100% 16-1728260
Focus Financial Partners Member 1 Oct 2015 75% - 100% 16-1728260
L. P. Trident Vi Parallel Fund Member 1 Apr 2017 75% - 100% 98-1132009
Trident Ffp Blocker Llc Limited partner 1 May 2017 25% - 50% 82-1662776
L. P. Trident Vi Limited partner 1 May 2017 25% - 50% 98-1131820
L. P. Trident Ffp Member 1 Jul 2017 25% - 50% 82-1662703
Focus Financial Partners Inc Member 1 Jul 2018 75% - 100% 47-4780811

Based in Chattanooga

The principal office where Patton Albertson Miller Group, LLC performs its advisory services is located at 605 Chestnut Street, Chattanooga, TN 37450, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 423-414-2100 or by fax 423-414-2009. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pattonalbertsonmiller.com/ and its LinkedIn profile.