{ "crd_number": 127145, "slug": "sowell-management-north-little-rock-ar-127145", "primary_business_name": "SOWELL MANAGEMENT", "legal_name": "SOWELL FINANCIAL SERVICES, LLC", "dbas": [ "10X WEALTH ADVISORS, INC.", "ADVANCED PLANNING GROUP", "ADVISORY FIDUCIARY", "AMICUS FINANCIAL", "APEX ASSET ADVISORS, LLC", "ARGENTUM FINANCIAL COLLECTIVE", "BARCLAY BRELAND FAMILY OFFICE", "BELLWETHER ADVISORY GROUP, LLC", "BRAVERN WEALTH", "CAYUCOS WEALTH", "CENTRAL COAST WEALTH ADVISORS, LLC", "CHARTED CAPITAL, LLC", "CLARUS WEALTH MANAGEMENT", "CLINTON WEALTH MANAGEMENT", "COMPENSATION DESIGNS", "DIANNE MAE FINANCIAL", "EAGLE EYE ADVISORS", "ELLIS WEALTH ADVISORS", "EXIGENT WEALTH COUNSELORS LLC", "FAGAN FINANCIAL GROUP", "FORTRESS FINANCIAL", "HARVEST MOON WEALTH ADVISORS", "HEARTHWELL FINANCIAL", "KUMQUAT, LLC", "LANEY WEALTH MANAGEMENT", "LIGHTHOUSE WEALTH STRATEGIES", "MIDWEST INVESTMENT AND BUSINESS ADVISORS, PLLC", "MT. BAKER CAPITAL, L.L.C.", "NESHER WEALTH", "NEST FINANCIAL LLC", "NORTH STAR WEALTH MANAGEMENT LLC", "NORTHERN CAPITAL MANAGEMENT", "POYNTER CAPITAL INC.", "PRAESIDIUM FINANCIAL ADVISORS", "PRESCAP ADVISORS LLC", "QURAISHI WEALTH MANAGEMENT", "RAYLIANT WEALTH", "REAGAN HOLLOWAY", "REFLECTIVE WEALTH", "RIVERS INVESTMENT GROUP", "SAPPHIRE WEALTH MANAGEMENT", "SOLERA ASSET MANAGERS", "SOLERA ASSET MANAGERS & INSURANCE AGENCY, LLC", "SOUTHCOAST FINANCIAL GROUP", "SOWELL ADVISORS", "SOWELL FINANCIAL ADVISORS", "STRATEGIC FINANCIAL PLANNING, LLC", "SUNSET WEST ADVISORS, LLC", "TREK WEALTH SOLUTIONS", "TRIUMPHANT PORTFOLIO MANAGEMENT, LLC", "VERDEO FINANCIAL & INSURANCE STRATEGIES", "WATTS WEALTH MANAGEMENT", "WAYFINDER CAPITAL, LLC", "WEALTH IN OVERDRIVE", "WEALTH MANAGEMENT PARTNERS", "WEALTHCARE ADVISORS", "WEAVER CAPITAL ADVISORS", "WILLOW OAK WEALTH", "WISDOMWEALTH FINANCIAL", "XO ADVISORS" ], "city": "North Little Rock", "state": "AR", "country": "United States", "cbsa_code": "30780", "metro": { "cbsa_code": "30780", "common_name": "Little Rock", "msa_name": "Little Rock-North Little Rock-Conway, AR", "path": "/advisors/ar/little-rock" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2005-05-27", "years_registered": 21, "period": "2026-10-01", "filing_date": "2026-09-22", "carried_forward": false, "raum_total": 4808161332.0, "raum_discretionary": 4737864564.0, "raum_non_discretionary": 70296768.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 162, "advisory_employees": 94, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 16766262.0, "count": 32 }, "individuals": { "raum": 2247506368.0, "count": 5880 }, "pension_profit_sharing": { "raum": 156707762.0, "count": 116 }, "high_net_worth_individuals": { "raum": 2034111779.0, "count": 400 }, "corporations_other_businesses": { "raum": 353069161.0, "count": 196 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 4, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "PR", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VI", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://10xwealth-advisors.com", "https://advfid.com", "https://apexassetadvisors.com", "https://argentumcollective.com", "https://barclaybreland.com", "https://bellweatherag.com", "https://bravernwealth.com", "https://cacheriverpw.com", "https://cayucoswealth.com", "https://cdsplans.com", "https://chartedcapital.com", "https://claruswm.com", "https://clintonwealth.com", "https://eagleeye.is", "https://facebook.com/ClarusWealthManagement", "https://facebook.com/Kumquat-LLC-The-Alternative-in-Wealth-Management-101296721983457", "https://facebook.com/SoleraAssetManagers", "https://facebook.com/SowellManagement", "https://facebook.com/Strategic-Financial-Planning-2410627075619966", "https://facebook.com/StrategicPlanningCorporation", "https://facebook.com/Verdeo.Financial", "https://facebook.com/poynterwealthmanagement", "https://faganfinancialgroup.com", "https://goamicus.com", "https://harvestmoonwealthadvisors.com", "https://hearthwellfinancial.com", "https://instagram.com/sowell_mgmt?hl=en", "https://instagram.com/wealthcare_advisors?hl=en", "https://investwithnest.com", "https://kumquatwealth.com", "https://lighthousegigharbor.com", "https://linkedin.com/company/apex-asset-advisors", "https://linkedin.com/company/claruswealthmanagement/about", "https://linkedin.com/company/compensation-designs-llc", "https://linkedin.com/company/midwest-investment-and-business-advisors-pllc", "https://linkedin.com/company/solera-asset-managers", "https://linkedin.com/company/sowell-management-services", "https://linkedin.com/company/strategic-financial-planning", "https://linkedin.com/company/triumphant-portfolio-management-llc", "https://linkedin.com/company/verdeo-financial/about", "https://linkedin.com/company/wealthcare-advisors-llc", "https://linkedin.com/in/josephlatour", "https://linkedin.com/in/stephen-carter-b6359758", "https://midwestinvestba.com", "https://mtbakercapital.com", "https://mytrekwealth.com", "https://northerncapitalmgmt.com", "https://northstaradvisory.com", "https://philbodine.com", "https://poyntercapital.com", "https://prescapadvisors.com", "https://reaganholloway.com", "https://reflectivewealth.com", "https://riversig.com", "https://soleraam.com", "https://sonomafinancial.com", "https://southcoastfinancialgroup.com", "https://sowelladvisors.com", "https://sowellmanagement.com", "https://strategicfinancialaz.com", "https://sunsetwestadvisors.com", "https://triumphantpm.com", "https://twitter.com/Solera_AM", "https://twitter.com/Sowell_Mgmt", "https://twitter.com/WCareAdvisors", "https://twitter.com/claruswealth", "https://wattswealthmanagement.com", "https://wayfinder-capital.com", "https://wealthcareadvisorsllc.cm", "https://wealthinoverdrive.com", "https://wealthmanagementpartners.biz", "https://weavercapitaladvisors.com", "https://willowoakwealth.net", "https://wisdomwealthfinancial.com", "https://xoadvisors.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/127145", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.D(5)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?" }, { "item": "11.E(4)", "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?" } ], "city_as_filed": "NORTH LITTLE ROCK", "url": "https://advisorcensus.com/firm/sowell-management-north-little-rock-ar-127145", "display_name": "Sowell Management", "summary": "Sowell Management is an SEC-registered investment advisory firm in North Little Rock, AR, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.", "citation": "AdvisorCensus. Sowell Management (CRD 127145): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Sowell Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Sowell Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Sowell Management located?", "a": "Sowell Management's principal office is in North Little Rock, AR, according to its Form ADV; the October 2026 filing also lists 28 other offices (Schedule D, Section 1.F)." }, { "q": "Is Sowell Management registered with the SEC or a state?", "a": "Sowell Management is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 127145." }, { "q": "How much does Sowell Management manage?", "a": "Sowell Management reports $4,808,161,332 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (99% discretionary)." }, { "q": "How have Sowell Management's assets and staff changed since 2021?", "a": "In the Form ADV data for Sowell Management: Regulatory assets under management: $3,171,562,491 in the October 2021 data and $4,808,161,332 in the October 2026 data, up 52%. Total employees: 160 in October 2021 and 162 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Sowell Management serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (5,880); high net worth individuals (400); corporations or other businesses not listed above (196)." }, { "q": "Which custodians does Sowell Management use?", "a": "Sowell Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Sowell Management report any disciplinary disclosures?", "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/127145" }, { "q": "Does Sowell Management state an account minimum?", "a": "Its Form ADV Part 2A brochure dated June 22, 2026 says: \"Sowell Management generally imposes a minimum portfolio value of $50,000.\"" }, { "q": "What changed in Sowell Management's recent Form ADV filings?", "a": "In the October 2026 filing data: Added the business name Fagan Financial Group. Added the business name Advanced Planning Group. Added an office in Jonesboro, AR. Added an office in Merritt Island, FL." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3171562491.0, "total_employees": 160, "filing_date": "2021-08-03" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2777768242.0, "total_employees": 124, "filing_date": "2022-08-12" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2809119381.0, "total_employees": 122, "filing_date": "2023-09-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3329402135.0, "total_employees": 157, "filing_date": "2024-09-04" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4230990937.0, "total_employees": 146, "filing_date": "2025-06-11" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4808161332.0, "total_employees": 162, "filing_date": "2026-09-22" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Added the business name Fagan Financial Group.", "Added the business name Advanced Planning Group.", "Added an office in Jonesboro, AR.", "Added an office in Merritt Island, FL." ] }, { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Added the business name Rayliant Wealth.", "Added the business name Quraishi Wealth Management.", "Added the business name Praesidium Financial Advisors.", "Added the business name Northern Capital Management." ] }, { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "No longer lists the business name Strategic Planning Corporation.", "No longer lists the business name Paragon Wealth Counselors.", "Added the business name Argentum Financial Collective.", "Added the business name Laney Wealth Management.", "Added the business name Reflective Wealth.", "Item 11 disclosure answers changed: 4 yes answers, previously 6 (now no: 11.H(1)(a), 11.H(1)(b)).", "Employees performing advisory functions went from 87 to 94.", "Regulatory assets under management went from $4,230,990,937 to $4,808,161,332 (+14%).", "Changed its office addresses in West des Moines, IA.", "Changed its office addresses in Williamsburg, VA.", "Added an office in Beverly Hills, CA.", "Added an office in Good Hope, GA.", "Added an office in Granite Bay, CA.", "No longer lists an office in Roseville, CA.", "No longer lists an office in Santa Monica, CA.", "No longer lists an office in Watkinsville, GA." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Item 11 disclosure answers changed: 6 yes answers, previously 7 (now no: 11.D(1))." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer lists the business name Cooperative Financial, LLC.", "No longer lists the business name Catalyst Counselors.", "Added the business name Hearthwell Financial.", "Added the business name Bravern Wealth." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated June 22, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$50,000", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $50,000" ], "quotes": [ "Sowell Management generally imposes a minimum portfolio value of $50,000." ] } ], "quotes": [ "Sowell Management generally imposes a minimum portfolio value of $50,000." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/sowell-management-north-little-rock-ar-127145.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 5880, "fewer_than_5": false, "raum": 2247506368.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 400, "fewer_than_5": false, "raum": 2034111779.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 116, "fewer_than_5": false, "raum": 156707762.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 32, "fewer_than_5": false, "raum": 16766262.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 196, "fewer_than_5": false, "raum": 353069161.0 } ], "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/127145", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }