Patton Fund Management, Inc. (Dallas)

Name: Patton Fund Management, Inc.
Address: 5956 Sherry Lane, Dallas, TX, 75225
Telephone: 214-234-9900

Patton Fund Management, Inc. is a large advisory firm based in Dallas. It manages $291.51 million of regulatory assets for 235 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Florida, Indiana, and 3 other states.

Patton Fund Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Patton Fund Management: assets under management

The assets under management (AUM) of Patton Fund Management, Inc. is $291.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15785% since the beginning of its operation, and $2.6 million of the total AUM is attributable to clients outside of the United States.

The firm manages $291.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each.

Patton Fund Management has custody of $198.02 million in cash and securities for 2 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 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Patton Fund Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Patton Fund Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Patton Fund Management is pooled investment vehicles with 2 clients and $198.02 million of assets under management. Among the 10 most similar advisory firms, Patton Fund Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $291.51 million for 143 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Patton Fund Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Patton Fund Management, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people 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
Mark A. Patton	President, cco, treasurer and secretary; director; sole shareholder	1 Apr 2002	75% - 100%	2492919
Mark Allen Patton	President, cco, treasurer and secretary; director; sole shareholder	1 Apr 2002	75% - 100%	2492919
Michele Lea Wilson	Cfo, cco	1 Mar 2003	Other	5032097
Michele L. Wilson	Chief financial officer, chief compliance officer	1 Mar 2003	Other	5032097
George M Klein	Chief operating officer	1 Jan 2009	Other	5655801

Based in Dallas

The principal office where Patton Fund Management, Inc. performs its advisory services is located at 5956 Sherry Lane, Dallas, TX 75225 The mailing address of the firm is 228 Park Avenue S, New York, NY 10003 1502. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-234-9900 or by fax 214-234-9911. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at pattonfunds.com.