Our Team
MHP Asset Management is a family-run firm. As an independent advising firm, we have no quotas to meet or conflicts of interest. Instead, we have the independence to put our clients' needs first and develop customized wealth management and retirement strategies based on individual objectives and asset management, not allocation.
Mark Patterson, Founder/Director
Mark Patterson is an Independent Registered Investment Advisor (RIA) with more than 27 years of experience in the financial services industry. He serves clients throughout Maine, New Hampshire, Rhode Island and Massachusetts.
Mark received his Master of Business Administration in Finance from Anna Maria College and his Bachelor of Science in Economics and Marketing from Roger Williams University. He first started in the industry as a broker, building portfolios with individual stocks. In realizing his passion for working closely with clients, he transitioned into asset management and became an independent advisor. Today, he runs his own practice, providing fee based comprehensive financial planning services and products.
Passionate about education, Mark previously taught finance and business at several colleges and universities in New Hampshire and Rhode Island, including Roger Williams University and Granite State College. He enjoys public speaking and frequently offers seminars and presentations for the public, as well as private organizations.
Contact Andrea Patterson:
(603) 447-1979
Andrea Patterson, Medicare Specialist
Andrea Patterson is a Medicare specialist at MHP Asset Management. For the past 10 years, she has helped guide individuals and families through the complicated, and ever-changing world of Medicare plans, supplements and plan providers. Many clients feel reassured knowing that each year they can call Andrea to review whether their Medicare plan is still a good fit for them. Andrea holds a degree in Business from Stonehill College in Massachusetts. She enjoys being active, biking, gardening and traveling. Andrea is a passionate chef who loves the art of cooking.
Contact Andrew Patterson:
(401) 895-1397
Andrew Patterson, Director of Planning and Analysis
Andrew Patterson is an Investment Advisor Representative at MHP Asset Management where his primary focus is financial planning and portfolio analysis. He is also a professional musician and holds degrees in both music and linguistics.
Interview with Mark Patterson
From an early age, Mark was drawn to the financial industry and enjoyed learning about the inner workings of financial markets. He first started in the industry as a broker, designing individual portfolios. Enjoying the hands-on aspect of building and managing portfolios, he became an independent investment advisor in order to work more closely with clients. Read the interview with Mark below to learn more about his experience, passions, and asset management style. Have more questions about what it's like to work with MHP Asset Management? Check out MHP's FAQ section.
"What first drew you into finance?"
In 1994, I decided to become a stock broker, as there was no such thing as a “financial advisor” back then. I finished grad school and got an offer to set up an equity (stocks) trading desk in Midtown Manhattan through a contact I had met at Tucker Anthony, where I had already been working. That’s where I first saw people trading bonds on the international bond desk. They would package up bonds from all over the world and sell them to pension funds. I really enjoyed watching them build portfolios for their clients. That sparked my interest in the portfolio-creation side of things. Watching the creativity and strategy involved in bond trading made me realize that what I really enjoy, then and today, is designing and managing portfolios.
"Why did you decide to become an independent advisor?"
Working independently allows me to build portfolios and not have to sell product. I like to create and manage portfolios which benefit the client. There are less profit centers (as in middle men) to deal with. I’d rather just cut to the chase and create a custom portfolio for my client that ends up costing less than prefabricated funds.
"What do you value most in working with clients?"
I get satisfaction when I can take an underperforming portfolio, or one with a bad fee structure, and turn it into a custom portfolio that works for them (the client). This allows me to take time to listen to and decipher what they really want and therefore, what they really need investment-wise.
"What is your approach to portfolio management?"
It's important that I understand the purpose of the portfolio. If it’s for income, I need to make sure that it does that - if it’s for growth, then I need to make sure it does that. Making sure it's low-cost is also very important. This means I am going to use individual stocks, bonds, or low cost ETFs (exchange traded funds). I also use some techniques that are not well known, such as using options and other derivatives to create extra income, or hedge the portfolio. I also try to employ Modern Portfolio Theory, using non-correlated assets which lowers volatility and enhances the return. I am always looking at risk/reward, trying to see if I can secure more returns without incurring more risk.
"What are your credentials?"
While I have an M.B.A in finance and a strong background in economics, managing portfolios is all about experience. Over many years as a financial advisor, you stretch your abilities, balance risk, learn from mistakes, and get better every day. I’ve been in this business for 25 years, through some hard times and volatile markets. Your best learning happens during different phases of the markets.
"Are you open to new clients?"
Yes! It's all about the fit. Your relationship with your financial advisor is an important one and it has to be the right fit for both of us.
"How do I know if we're a good fit?"
I can look at your current situation and tell you how I feel about it. If your portfolio already looks great, I’ll be the first one to tell you so, but if I think I can improve upon it and you agree, there is probably a good reason to do business.
"What do you love most about your work?"
Being able to manage portfolios for my clients. I enjoy seeing decisions that we have made together pay off into something tangible. Clients often tell me that they feel relieved to know that someone is looking out for them and retirement funds. I enjoy being that person.
