Wealth manager, independent · North Little Rock, AR
Sowell Management
Sowell Financial Services, LLC · SEC-registered investment adviser · CRD 127145 · SEC 801-63991
At a glance
Sowell Management is an SEC-registered investment adviser based in North Little Rock, Arkansas, with $4.8B in regulatory assets under management as of its Form ADV filed September 22, 2026. It reports 6,280 individual clients, 400 of them high-net-worth, holding an average of about $0.7 million each, and 162 employees. That ranks it 234th among the nation’s 5,657 independent wealth management RIAs and 1st of 30 in Arkansas. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 501-219-2434sowellmanagement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.8B
- Rank among independent wealth managers
- #234 of 5,657
- Rank among all SEC RIAs
- #2,159 of 17,210
- Rank in Arkansas
- #1 of 30
- Individual clients
- 6,280
- High-net-worth clients
- 400
- Accounts
- 16,763
- Discretionary
- 99% of AUM
- Employees
- 162
- Advisory staff
- 94
- Offices
- 71
Owners and executives on its Form ADV
- William C. SowellFounder and Chief Strategy Officer
- Cynthia SowellEvp
- Rodney KresgeChief Compliance Officer
- Daryl T SeatonPresident and CEO
Custody and brokerage
Broker-dealer
Hybrid RIA
Sowell Management is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Private Client Services, LLC, Purshe Kaplan Sterling Investments, Inc. and Quoin Capital LLC.
- Private Client Services, LLC ↗CRD 120222
- Purshe Kaplan Sterling Investments, Inc. ↗CRD 35747
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
- Quoin Capital LLC ↗CRD 136160
An introducing broker-dealer: its trades clear through Hilltop Securities, which holds the brokerage accounts. Its annual audited report filed with the SEC, May 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 5,880 | $2.2B | 47% |
| High-net-worth individuals | 400 | $2.0B | 42% |
| Corporations or other businesses | 196 | $353M | 7% |
| Pension and profit sharing plans | 116 | $157M | 3% |
| Charitable organizations | 32 | $17M | <1% |
Disciplinary disclosures
Sowell Management answers yes to 6 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗sowellmanagement.com ↗
People at Sowell Management in our coverage
All people →- Scott Dooley, chief investment officer
- Daryl Seaton, CEO
- Bill Sowell, chief strategy officer
AtlasMembers
The full record on Sowell Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 841 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Arkansas
All of Arkansas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Greenwood Gearhart, LLCFayetteville | $2.0B | 1,051 |
| Naviter Wealth, LLCLittle Rock | $1.9B | 332 |
| Stephens Group Asset Management, LLCLittle Rock | $1.7B | 200 |
| Legacy Capital Wealth Partners, LLCLittle Rock | $1.5B | 660 |
| Lathrop Investment Management CompanyLittle Rock | $1.0B | 229 |
Background
Questions
How much does Sowell Management manage?
Sowell Management reports $4.8B in regulatory assets under management across 16,763 accounts, 99% of it on a discretionary basis, on its Form ADV filed September 22, 2026.
How many clients does Sowell Management have?
It reports 6,280 individual clients: 400 high-net-worth individuals and 5,880 other individuals. Individuals account for about 89% of its regulatory assets.
Where is Sowell Management headquartered?
Its main office is in North Little Rock, Arkansas. It reports 71 offices in total and 162 employees, 94 of whom perform investment advisory functions.
How does Sowell Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Sowell Management use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed September 22, 2026, it reports these amounts held: Fidelity ($3.0B); Charles Schwab ($1.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sowell Management a hybrid RIA with a broker-dealer?
Sowell Management is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Private Client Services, LLC, Purshe Kaplan Sterling Investments, Inc. and Quoin Capital LLC. Purshe Kaplan Sterling Investments, Inc. clears through National Financial Services (Fidelity), according to its annual report filed with the SEC. Quoin Capital LLC clears through Hilltop Securities, according to its annual report filed with the SEC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Sowell Management a fiduciary?
As an SEC-registered investment adviser, Sowell Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 4 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Sowell Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-22), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →