Cullen, Patterson Capital Management, LLC (Los Angeles)


Cullen, Patterson Capital Management, LLC is a large advisory firm based in Los Angeles. It manages $121.7 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of California.

Cullen, Patterson Capital Management provides portfolio management for individuals and small businesses and asset allocation consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cullen, Patterson Capital Management: assets under management

The assets under management (AUM) of Cullen, Patterson Capital Management, LLC is $121.7 million. The firm's AUM has gone down by -19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $9.8 million in discretionary accounts and $111.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $111.9 million.

Investments

The firm invests in other assets the most. They account for 99% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cullen, Patterson Capital Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cullen, Patterson Capital Management serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Cullen, Patterson Capital Management is charitable organizations with 2 clients and $116.5 million of assets under management. Among the 9 most similar advisory firms, Cullen, Patterson Capital Management has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $121.7 million for 6 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.

Cullen, Patterson Capital Management doesn't advise any private funds.

Careers at Cullen, Patterson Capital Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 isn’t anyone 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
Richard Larsen Cullen Managing member, cco 1 Dec 2012 50% - 75% 4772079
William Barrows Patterson Managing member 1 Dec 2012 50% - 75% 1139833

Based in Los Angeles

The principal office where Cullen, Patterson Capital Management, LLC performs its advisory services is located at 3487 Wonder View Place, Los Angeles, CA 90068, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 323 851 7308 or by fax 323 851 7308. The normal business hours are 9am - 4pm on Monday - Friday. You can find more information about the New York firm at cpcm-llc.com.