Cooperative Reorganization At Patten and Patten, Inc.

Monday, March 31, 2014

The Board of Directors of Patten and Patten, Inc. formally announces a cooperative reorganization that will allow Z. Cartter Patten, III, CFA and Ashlee B. Patten, CFA to leave their employment at Patten and Patten, Inc. and immediately spin-off a separate investment advisory firm, “The Patten Group, Inc.”. This new firm will soon be operating from an office in the Volunteer Building.

Patten and Patten, Inc. will continue to operate from its office at 520 Lookout Street with four portfolio managers, one research analyst, and its dedicated support staff.

Patten and Patten will continue to provide the same investment management services that it has for the past 38 years. Cartter, Ashlee and the team at The Patten Group, Inc. will continue to provide investment management services that focus on customized client solutions.

In exchange for his entire equity interest in Patten and Patten, Cartter will acquire exclusive ownership of The Patten Group, Inc. Bryan Patten will become the largest shareholder of Patten and Patten. Following a Transition Period that is not expected to last more than 60 days, the SEC-registered firm will operate as an independent entity.


2014 OPGA/POINT Freedom Award Presented To Eclipse Medical

Eclipse Medical, LLC in Chattanooga received the 2014 OPGA/POINT Freedom Award for their service and dedication to veterans and active duty soldiers. The OPGA/POINT Freedom Award recognizes OPGA and POINT members who have provided orthotic and prosthetic fitting and/or rehabilitation for soldiers wounded in action. “Every day more and more of our brave men ... (click for more)

Over Qualified

The loss of a job can be somewhat of a traumatic experience.  Many emotions accompany this life altering event, there are many highs and just as many lows, I will explore the highs and lows at a later time, but what I want this article to focus on are two little words that have a very demoralizing affect on the job seeker, “Over Qualified.” Being labeled “Over Qualified,” ... (click for more)

Architect/Contractor Selected By Erlanger For New Children's/Women's Hospital

HKS has been selected as the architect and McCarthy as the construction manager for a new Children’s and Women’s Hospital at the Erlanger campus on East Third Street. The Atlanta team competed against another Atlanta group for the major construction project. Erlanger officials announced Monday that $11.5 million is being set aside in a debt restructuring for the new $30 ... (click for more)

Red Bank Protestors Say Police Out Of Control

Regular city business was overshadowed at the Red Bank Commission meeting Tuesday night by citizens protesting recent police actions. Outside city hall people holding signs lined the sidewalk and, in the time set aside for residents of the city to speak, the ones that did expressed disapproval of the police procedures surrounding a traffic stop that ended in an alleged beating. ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill - And Response

Chattanooga has lost its most popular citizen – Luther Masingill. Although we are saddened we cherish the memories.  All of us have a Luther story.  Mine is the first time I met Luther.  This was before TV and all of Chattanooga listened to Luther on the radio.  I was 12-years-old.  Some of my buddies and I had gone to the State Theater in downtown ... (click for more)

Roy Exum: The Policeman’s Prayer

Every year, when the Law Enforcement Foundation of Greater Chattanooga holds its annual luncheon, it is one of the most heartening displays of what America really believes, down deep inside. The most prominent and influential leaders in the community – well over 1,000 -- gather to pay tribute and pledge their support to our heroes in blue who are unfaltering in their devotion, service ... (click for more)