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.


Chattanooga Chamber Calendar Of Events For Dec. 12-16

TUE/13 Facebook Advertising Workshop 10:30 a.m.–Noon BrightBridge Women’s Business Center: 535 Chestnut St., Ste 161 Speaker: Emily Pilkington, BrightBridge Women’s Business Center Learn which customers are interacting with your business on Facebook and how to target your ads. Required materials: active Facebook business page and laptop/tablet. Reserve your seat at brightbridgewbc.org ... (click for more)

Senator Alexander Announces Staff Changes

Senator Lamar Alexander on Thursday announced the following staff changes: Liz Wolgemuth will be promoted to senior communications director and speechwriter, replacing Jim Jeffries, who is moving to Seattle. Margaret Atkinson will be promoted to communications director. Senator Alexander said, “Washington, D.C.’s loss is Washington state’s gain. Jim Jeffries is one ... (click for more)

County Schools Prepare To Set Priorities For Next Round Of School Building Funding

County school board members are gearing up to set priorities for the next round of new school construction in Hamilton County. Lee McDade, assistant superintendent, said officials may know by the spring how much money will be available to build new schools or add on to existing ones - or do a combination of both. Board member Rhonda Thurman said a proposal to build a new Chattanooga ... (click for more)

Walker County Will No Longer Have Full-Time County Attorney Under Whitfield Tenure; Will Add Full-Time Communications Director

Incoming Walker County Sole Commissioner Shannon Whitfield said under his administration there will no longer be a full-time county attorney. "We will outsource this service on a fee basis," he said. Mr. Whitfield said he has begun interviewing attorneys who might be able to help out the county from time to time. Don Oliver has long been the county attorney for Walker County ... (click for more)

Vehicle Emissions Testing Causes More Pollution Than It Prevents - And Response

While a noble cause to make sure vehicles are operating efficiently with the minimum amount of pollutants, a simple analysis makes it somewhat evident the VET program in Chattanooga causes more pollution that it prevents.  Though I don't know how many vehicles are tested on an annual basis, if you assume an average round trip of 10 miles to the nearest testing station (five ... (click for more)

Roy Exum: Our Senseless Divide

If I could change one thing about the schools in Chattanooga, my wish would be that everybody could become good friends. I’m talking about the private schools versus the public schools. The rancor is so bad we hardly ever play in sports anymore and what the loathsome TSSAA has done in recent years to the out-numbered private schools is sinful. My dream would be that there would ... (click for more)