Sowell Financial Services, LLC (North Little Rock)

Name: Sowell Financial Services, LLC
Address: 5320 Northshore Drive, North Little Rock, AR, 72118
Telephone: 501-219-2434

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.

Sowell Financial Services: assets under management

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 firm manages $1.95 billion in discretionary accounts and $9.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $207.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $142.43 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

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. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Chesley Sowell serves?

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.

Careers at Sowell Financial Services, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Chesley Sowell	President/managing member	1 Dec 2001	Other	2131557
Cynthia Sowell	Member	1 Mar 2009	75% - 100%	4491276
Inc Sowell Management	Member	1 Mar 2009	Other	90-0000404
Paul Brian Jackson	Executive vice president, member	1 Mar 2009	Other	2657314
Roger Wayne Page	Executive vice president, member	1 Mar 2009	Other	2823594
Paul Brian Jackson	Owner	1 Aug 2011	Other	2657314
John William Garmon	Chief compliance officer	1 Mar 2012	Other	5975020
Kimberly Lynn Collins	Chief compliance officer	1 Jun 2014	Other	1952612
Jeremy Mark Stalcup	Chief compliance officer	1 Mar 2015	Other	5588688
David Donald Moenning	Chief investment officer	1 Mar 2015	Other	1023866
Charles Clifford Hicks	Chief operating officer	1 Apr 2015	Other	4404238
Gregory Syler	Chief compliance officer	1 Oct 2016	Other	2683638
Keith William Krueger	Chief operating officer	1 Feb 2017	Other	703775
Jeremy Mark Stalcup	Cco	1 Oct 2018	Other	5588688
Leila Mehrizi Shaver	Chief compliance officer	1 May 2019	Other	5764341

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
William Chesley Sowell	President	1 Mar 2009	75% - 100%	2131557

Based in North Little Rock

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.