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.


Scam Phone Calls Continue; IRS Identifies Five Easy Ways To Spot Suspicious Calls

The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.   These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They ... (click for more)

Tennessee Electric Cooperative Association Names Alex Perkerson Government Affairs Specialist

The Tennessee Electric Cooperative Association, a trade group representing the interests of electric cooperative members across the state, announced that Alex Perkerson joins the association as government affairs specialist. In this role, Ms. Perkerson will assist with the association’s legislative and grassroots efforts. “Tennessee’s electric cooperatives work to inform ... (click for more)

16-Year-Old Shot Near Emma Wheeler Homes

A 16-year-old was shot near Emma Wheeler Homes on Sunday night. At approximately 7:40 p.m., Chattanooga Police received a call of a person shot from a local hospital. Officers spoke to the victim, a 16-year-old black male, who was transported to a local hospital in a personal vehicle. The victim’s injury is minor and non-life threatening. Investigators spoke to the victim ... (click for more)

Helen Burns Sharp Asks Recovery Of Legal Fees In Successful Black Creek TIF Lawsuit

Helen Burns Sharp, citizen activist who sued to try to stop a $9 million Black Creek Tax Increment Financing (TIF) and won, is seeking to have her legal expenses paid by the city and the developers. Ms. Sharp said in a court filing that her legal bills to attorney John Konvalinka are $74,427 thus far. Chancellor Frank Brown ruled in favor of Ms. Sharp, saying the Sunshine ... (click for more)

Decimating The Chattanooga Public Library

Corinne Hill claims that the library is just undergoing a normal weeding process for eliminating books.  She has bragged that she's responsible for the elimination of over 100,000 books - with more to go. "Normal" weeding is not rampant throwing away.  Yes, books go to the Friends for their sale - where they get $2 for a $75 book and thousands wind up being recycled ... (click for more)

The Many Lessons I Learned From Helen McDonald Exum

Helen McDonald Exum was my friend and mentor. As I think of her passing I can only imagine the celebration that is happening in heaven as the news of her arrival is being told. I am sure that there is a party that not only has she organized but that there is not a detail that has been left to chance. I am sure that it is the grandest of events, for you see, she has been planing ... (click for more)