Kate Wolfe, president and chief executive officer of Patriot Federal Bank, recently announced the opening of its new registered investment advisory subsidiary - Patriot Asset Management Inc.
In a news release, Wolfe said the opening was effective Jan. 2.
PAM's mission is to deliver objective, sound investment advice based on the unique needs of each client, a news release said, while providing superior client service and access to the management staff responsible for the investment portfolio.
PAM provides these services to individuals, businesses, not-for-profit organizations and professionals.
"As a community bank, we are always looking for better ways to provide services to the area" Wolfe said in the release. "Adding this new registered investment advisor subsidiary that is locally owned, locally operated and committed to the community is another way we can invest in our area and better serve our customers."
PAM's offices will be located in the new Route 30 Amsterdam branch that Patriot Federal Bank is opening in April.
Until then, PAM will operate out of segregated offices at the Canajoharie office of Patriot Federal Bank, 211 Erie Blvd.
Gerard Murray has been named managing director of the new subsidiary.
For more information, contact Patriot Asset Management at 775-6732, through its website, patriotasset.com, or email at email@example.com.