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Patriot Investment Management Group Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Patriot Investment Management Group. is a large firm headquartered in Knoxville, Tennessee. It occupies the top spot on SmartAsset's rankings of the top financial advisors in Knoxville, and it also appears on our list of the top financial advisors in all of Tennessee. It handles client assets on both a discretionary and non-discretionary basis.

While Patriot mainly works with individual clients, it also provides services to charities and other institutional clients. The firm has services across financial planning, consulting and investment portfolio management.

This is a fee-only advisory operation, which means the only way that Patriot Investment Management Group earns income is through the fees that clients pay. This is different from a fee-based firm, which may also receive outside forms of compensation like insurance sales commissions.

Patriot Investment Management Group Background

Patriot Investment Management Group has been in business since 1992, though it didn't begin providing investment advisory services until 1998. Brad Bower and J. Taylor Wortham are the principal owners of the firm. 

Bower is a certified financial planner (CFP), but he isn't the only advisor here with certifications to his name. The staff includes multiple CFPs, a certified kingdom advisor (CKA), a certified public accountant (CPA), a chartered financial analyst (CFA) and a certified personal retirement specialist (CPRS). Wortham holds FINRA's Series 65 license.

Patriot Investment Management Group Client Types and Minimum Account Sizes

Patriot Investment Management Group mainly serves individuals. The vast majority of these clients do not have a high net worth. Other clients of the firm include pension and profit-sharing plans, trusts, estates and charitable organizations.

This firm does not adhere to a specific minimum investment or minimum account size requirement. However, the firm reserves the right to terminate accounts that it thinks have become too small to manage effectively.

Services Offered by Patriot Investment Management Group

Patriot Investment Management Group views itself as the "quarterback of your financial team," according to its website. This means that in addition to providing financial planning, consulting and investment portfolio management, advisors will also coordinate with their clients' accountants, attorneys and other professionals.

The firm's discretionary investment management services are tailored to the individual needs of each client. The firm's financial planning services may relate to the following topics:

  • Risk management
  • Insurance analysis
  • Asset allocation planning
  • Portfolio allocation and management planning
  • Tax planning
  • Education fund planning
  • Retirement planning
  • Estate planning
  • Trust management

Patriot Investment Management Group Investment Philosophy

Patriot Investment Management Group tailors all of its investment management and financial planning services to the personal needs and goals of clients. Your advisor will take note of your risk tolerance, desired time horizon, liquidity needs, investment history and more. Advisors use this information to develop a customized investment strategy for you, all while monitoring and making changes to your portfolio when necessary. The firm places significant emphasis on portfolio diversification and asset allocation planning, choosing to avoid market-timing strategies.

The firm invests client assets in a multitude of securities, such as bonds, mutual funds, exchange-traded funds (ETFs), stocks and more. No investments are technically off-limits at this firm, meaning advisors will consider all options when crafting clients' portfolios. Patriot Investment Management Group typically uses fundamental and cyclical methods of analysis, though tax efficiency isn't necessarily prioritized.

Fees Under Patriot Investment Management Group

Patriot Investment Management Group charges fees for its portfolio management services based upon a percentage of each client's total assets under management (AUM). Though they're shown in annual rates, the firm charges these fees on a quarterly basis, in advance.

Portfolio Management Fees
Account Size Annual Fee
First $50K 1.50%
$50K - $500K 1.00%
$500K - $1MM 0.75%
$1MM and up Negotiable

Here's what your costs might look like if you decide to work with this firm:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Patriot Investment Management Group*
Your Assets Patriot Investment Management Group Fee Amounts
$500K $5,250
$1MM $9,000
$5MM Negotiable
$10MM Negotiable

Financial planning come in either a fixed or hourly fee structure. Hourly fees range from $150 to $300, and fixed fees can be anywhere from $500 to $3,000.

What to Watch Out For

Patriot Investment Management Group doesn't have any disclosures listed on its Form ADV.

Opening an Account With Patriot Investment Management Group

If you're interested in opening an account with Patriot, you can email the firm at or fill out the contact form on its website. The firm is also available over the phone at (865) 777-2479.

All information is accurate as of the writing of this article.

Tips for Building an Investment Portfolio

  • If you need help managing your investments, now may be a good time to hire a financial advisor. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have free introductory calls with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Don’t forget to take taxes into account when investing. To get an idea of how much the capital gains tax could affect your money, use SmartAsset’s capital gains tax calculator.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research