Sowell Management

CRD#127145
Investment Advisor Firm

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Learn more about Sowell Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Sowell Management operates as an advisory firm located in North Little Rock, Arkansas. It handles $2.2 billion in total assets throughout 10,321 accounts, placing it among the largest firms in the nation by assets under management (AUM). It has a large group of 161 employees, including 81 financial advisors. Sowell Management is not a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as options, bonds and stocks.

    Sowell Management manages 10,170 of its client assets in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell decisions for the client's account without needing client permission. The firm also oversees 151 non-discretionary accounts with a total of $13.4 million in assets. The firm oversees roughly $210,820 for every client account. The average financial advisor at Sowell Management manages around 127 client accounts.

    Sowell Management's central office is located at 5320 Northshore Drive, North Little Rock, Arkansas 72118. It is legally allowed to serve investors across 49 U.S. states and territories.

    Assets Under Management

    $2.2 billion

    Number of Advisors

    81

    Disclosures

    No

    Office Location

    5320 Northshore Drive
    North Little Rock, AR 72118

    Sowell Management by the Numbers

    Total Assets Under Management

    $2.2 billion

    National Average: $3.7 billion
    Total Number of Employees

    161

    National Average: 29
    Total Number of Accounts

    10,321

    National Average: 2,073
    Average Account Size

    $210.8 thousand

    National Average: $1.8 million

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    Products and Services

    Sowell Management provides a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the last fiscal year, the firm provided financial planning services to 51-100 of its clients. It does not sell products or offer services apart from investment advisory services to its investment advisory accounts. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, accountant or accounting firm and lawyer or law firm.

    Core Advisor Services

    • Offered by 45% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 62% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 23% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees are based on which services are provided. Fees billed by the company can be comprised of some blend of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

    Available

    • Offered by 74% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 35% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 40% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 2% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 17% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 12% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a number of different investors. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 10,321 accounts, Sowell Management's largest client is retail investors, though it also caters to 488 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 9.4%
    • Other Individuals - 87.46%
    • Corporations - 3%
    • Charitable Organizations - 0.13%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Sowell Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Sowell Management

    Hannah Kennedy
    Springdale, AR
    Jessica Poynter
    Little Rock, AR
    Henry Sanders
    Little Rock, AR
    Samuel Kornstein
    Boston, MA
    Lewis Partridge
    Benton, AR
    Brady Buskirk
    Gig Harbor, WA
    John Deshaw
    North Little Rock, AR
    Dawn Santoriello
    North Little Rock, AR
    Miki Morrow
    North Little Rock, AR

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    The content in this profile was updated by SmartAsset on 08/06/2020 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com. The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

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    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.