Patterson Advisors
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About
Patterson Advisors serves individual investors, including high‑net‑worth clients and trustees or beneficiaries of family trusts, offering comprehensive financial planning, investment analysis, and targeted one‑time projects that address budgeting, insurance, tax, education, retirement and estate planning. Services are tailored to each client and include annual review meetings, packaged “financial physical” engagements, and ongoing access by phone or email for financial questions.
The firm uses goal‑based planning software (MoneyGuidePro) for comprehensive plans and follows an asset‑allocation methodology informed by Roger C. Gibson, constructing broadly diversified target portfolios across eleven asset classes and favoring no‑load mutual funds, ETFs, money market funds and CDs. Patterson Advisors provides written buy/sell recommendations and periodic rebalancing but does not exercise discretionary trading authority; clients implement recommended trades themselves and the firm does not monitor portfolios daily.
Distinctive practices noted in the brochure include periodic electronic newsletters sent to clients, a strict fee‑for‑service model with no commissions or soft‑dollar benefits, and an explicit policy that the firm no longer performs trades for clients after loss of limited trading authority. The firm’s two‑member structure, internal cross‑review of work, written documentation practices and a stated refund policy for completed contracts emphasize an advisory and coaching orientation rather than a custody‑oriented, AUM‑driven model.
Client services
Expertise
Fee options
Fixed annual fee for Investment Analysis Services including a $500 start-up fee first year; Comprehensive Financial Services fee ranges from $1,500 to $4,500 or more depending on complexity; initial deposits up to $1,200 required; fees disclosed in client contracts.
0.30% to 0.55% of portfolio value, dependent on portfolio size (smaller portfolios have higher fees)
$200 per hour for small one-time projects, payment due when work is completed.
Fee-only: Fees billed directly to clients, no commissions, charged by personal check, negotiable based on scope of work.
Main office
Waterford MI
Advisors at this office
2
Most active in
Michigan
Also doing business as
Patterson Advisors · Patterson Advisors, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
David P
CFP®
Waterford, MI
Patterson Advisors
David Patterson is a CFP® professional with 16 years of industry experience and has been with Patterson Advisors, LLC since 2005. Based in Waterford, MI, he is part of a two-advisor firm focused on comprehensive financial planning and investment analysis. Patterson Advisors serves individual investors, including high-net-worth clients and family trust beneficiaries, offering tailored services such as goal-based planning, investment recommendations, and ongoing financial support. The firm employs a disciplined, asset-allocation approach using diversified portfolios and maintains a fee-for-service model without discretionary trading authority.
Erin P
CFP®
Waterford, MI
Patterson Advisors
Erin Preston is a CFP® professional with 16 years of industry experience, serving clients at Patterson Advisors since 2005. She operates within a small, two-advisor firm based in Waterford, MI. Patterson Advisors provides comprehensive financial planning and investment analysis to individual investors, including high-net-worth clients and trustees or beneficiaries of family trusts. The firm employs a goal-based planning approach and a broadly diversified asset allocation methodology, focusing on no-load mutual funds, ETFs, and other low-cost investment vehicles.
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