Description of Advisory Firm
Patron Partners, LLC (“Patron Partners” , “we” , “our,” or “us”) is a privately owned limited liability
company headquartered in Houston, TX.
Patron Partners is a registered investment adviser with the U.S. Securities and Exchange Commission. The
Firm was formed in 2020 and is owned by Stephen Caton and Richard Figueroa.
As of December 31, 2023, Patron Partners managed approximately $252,824,877 in assets for
approximately 622 accounts on a discretionary basis and approximately $45,705,851 in assets for
approximately 26 accounts on a non-discretionary basis. In total, the Firm managed $298,530,728 in
assets for approximately 648 accounts. No accounts are in a wrap fee program.
While this brochure generally describes the business of the Firm, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons
occupying a similar status or performing similar functions), employees or any other person who provides
investment advice on the Firm’s behalf and is subject to the Firm’s supervision or control.
Advisory Services Offered
The Firm offers discretionary and non-discretionary investment management and investment advisory
services. Prior to the Firm rendering any of the foregoing advisory services, clients are required to enter into
one or more written agreements with the Firm setting forth the relevant terms and conditions of the advisory
relationship (the “Advisory Agreement”).
Investment Management Services
Patron Partners offers continuous and regular investment supervisory services on a discretionary and non-
discretionary basis. We work with clients and have the ongoing responsibility to select and/or make
recommendations based upon the objectives of the client, as to specific securities or other investments
that he/she recommends or purchases/sells in clients’ accounts. We utilize a variety of investment types
when making investment recommendations/purchases in client accounts which include, but are not
limited to equity securities, fixed income securities, alternatives, and mutual funds. The investments
recommended/purchased are based off the clients’ individual needs, goals, and objectives. The Firm
offers investment advice on any investment held by the client at the start of the advisory relationship. We
describe the material investment risks under Item 8 – Methods of Analysis, Investment Strategies, and
Risk of Loss. Financial Planning may be provided to clients as a part of the Investment Management
Services. When being provided as a separate service it is described in this section under Financial
Consulting Services below.
We discuss our discretionary authority below under Item 16 – Investment Discretion. For more
information about the restriction’s clients can put on their accounts, see Tailored Services and Client
Imposed Restrictions in this item below. We describe the fees charged for investment management
services below under Item
5 – Fees and Compensation.
Financial Planning & Consulting Services
Our Financial Planning and Consulting Service offers clients the ability to have their investment portfolio
allocated among different financial institutions and reviewed by an Investment Adviser Representative
for a negotiated fee. This consultation offers the client a detailed look at their financial condition in
relation to their investment objectives, risk tolerance, time horizon, and any financial goals that they may
be seeking to achieve. This Financial Consultation Service offered by us may or may not be in conjunction
with one of our other fee-based programs.
Patron Partners provides a variety of financial consulting services to individuals, families, and other clients
regarding the management of their financial resources based upon an analysis of client’s current situation,
goals, and objectives. Consulting encompasses one or more of the following areas: Investment Planning,
Retirement Planning, Charitable Planning, Education Planning, Business and Personal Financial Planning.
Our financial consultations rendered to clients usually include general recommendations for a course of
activity or specific actions to be taken by the clients. In performing these services, Patron Partners is not
required to verify any information received from the client or from the client’s other professionals
(e.g., attorneys, accountants, etc.,) and is expressly authorized to rely on such information. We may
recommend clients engage the Firm for additional related services, its Supervised Persons in their
individual capacities as registered representatives of a broker-dealer and/or other professionals to
implement its recommendations. Clients are advised that a conflict of interest exists if clients engage
the Firm or its affiliates to provide additional services for compensation. Clients retain absolute
discretion over all decisions regarding implementation and are under no obligation to act upon any of
the recommendations made by the Firm under a financial planning or consulting engagement. Clients are
advised that it remains their responsibility to promptly notify the Firm of any change in their financial
situation or investment objectives for the purpose of reviewing, evaluating, or revising the Firms
recommendations and/or services.
For financial consulting engagements, we provide our clients with a written summary of our observations
and recommendations. One-time consultations are typically completed within six (6) months of the client
signing a contract with us, assuming that all the information and documents we request from the client
are provided to us promptly. Services provided under an on-going consultation agreement are conducted
on a regular basis, but no less than annually with the client. The client is under no obligation to act upon
the investment adviser’s recommendation. If the client elects to act on our recommendations, the client
is under no obligation to effect the transaction through us.
We describe fees charged for Financial Consultation Services below under Item 5 - Fees and Compensation.