The late John K. (Jack) Stewart entered the investment management business in 1942 as one of the very first registrants following the passage of the Investment Advisers Act of 1940.
Learn more about our Investment Management services.
The late John K. (Jack) Stewart entered the investment management business in 1942 as one of the very first registrants following the passage of the Investment Advisers Act of 1940.
Learn more about our Investment Management services.
In 1962, Ronald S. Patten joined Mr. Stewart, and in 1965 they formed Stewart and Patten Company. In 1998, Stewart & Patten Company became a Limited Liability Company (LLC) within the State of California. In 2024, Stewart and Patten Company announced their partnership with Allworth Financial.
Our business consists of managing security accounts, each of which uses an independent custodian. We hold a limited power of attorney that authorizes us to buy or sell securities. Although we do not consult with clients prior to individual security purchases and sales, occasional consultations are held to discuss general matters such as how the account managed by Stewart and Patten relates to the client’s other assets and requirements.
Although most of our clients are individuals, some clients are trusts, charitable foundations, retirement plans, estates, or corporations. Client portfolios are invested in stocks, taxable and tax-exempt bonds, and short-term instruments such as Treasury bills and money market funds. A separate account is maintained for each client.