Sowell Financial Services, LLC is a large advisory firm based in North Little Rock. It manages $1.96 billion of regulatory assets for 9,461 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 38 other states.
Sowell Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sowell Financial Services, LLC is $1.96 billion. The firm's AUM has grown by 1534% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Sowell Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William Chesley Sowell is high net worth individuals with 623 clients and $1.26 billion of assets under management. Among the 6 most similar advisory firms, Sowell Financial Services has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.96 billion for 4,319 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Sowell Financial Services doesn't advise any private funds.
The company employs 95 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 75 employees are registered as investment adviser representatives with the state securities authorities.
There are 47 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Sowell Financial Services, LLC is owned by Paul Brian Jackson. William Chesley Sowell has been acting as President since 1 Dec 2001. David Donald Moenning has served as the Chief Investment Officer since 1 Mar 2015. Leila Mehrizi Shaver joined the executive team most recently as the Chief Compliance Officer.
The principal office where Sowell Financial Services, LLC performs its advisory services is located at 5320 Northshore Drive, North Little Rock, AR 72118, which is also the mailing address of the firm. An additional office of the firm is in Schaumberg, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 501-219-2434 or by fax 501-812-6380. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at sowellmanagement.com.