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Top Financial Advisor Firms in Arkansas

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Finding a Top Financial Advisor Firm in Arkansas

Finding the right financial advisor for you and your family is an important decision that could have a huge impact on your future and financial life. When looking for someone to make sense of your entire portfolio, it’s key that it be a person whose methods you trust and who is a good fit for your specific needs. SmartAsset dedicated hours of research to determining the top 10 financial advisor firms in Arkansas to help you find the one that’s right for you. Alternatively, you can use SmartAsset’s financial advisor matching service to put you on the right path.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Cabana Asset Management Cabana Asset Management logo Find an Advisor

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$1,042,778,857 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
2 Lathrop Investment Management Corp. Lathrop Investment Management Corp. logo Find an Advisor

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$677,300,041 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
3 Meridian Investment Advisors Meridian Investment Advisors logo Find an Advisor

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$612,545,292 $500,000
  • Financial planning services
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
4 The Arkansas Financial Group, Inc. The Arkansas Financial Group, Inc. logo Find an Advisor

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$549,882,736 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
5 Greenwood Gearhart, Inc. Greenwood Gearhart, Inc. logo Find an Advisor

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$512,947,200 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
6 Smith Capital Management, Inc. Smith Capital Management, Inc. logo Find an Advisor

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$503,685,977 $500,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
7 Hexagon Capital Partners, LLC Hexagon Capital Partners, LLC logo Find an Advisor

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$416,658,597 No set account minimum
  • Portfolio management
  • Financial planning
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Selection of other advisors
8 Bass and Bell, Inc. Bass and Bell, Inc. logo Find an Advisor

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$387,000,000 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
9 Ifrah Financial Services, Inc. Ifrah Financial Services, Inc. logo Find an Advisor

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$336,445,594 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
10 Legacy Capital Wealth Partners Legacy Capital Wealth Partners logo Find an Advisor

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$293,268,000 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Educational seminars/workshops

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Educational seminars/workshops

How We Found the Top Financial Advisor Firms in Arkansas

Only firms located in Arkansas that are registered with the U.S. Securities and Exchange Commission (SEC) were considered for the list, as all SEC-registered firms are bound by fiduciary duty to act in the best interest of the client. Also eliminated were any firms that had disclosures, along with those that don’t have financial planners on staff or don’t work with individual investors. Below are the top 10 financial advisor firms in the state of Arkansas, sorted by total assets under management (AUM), from highest AUM to lowest.

All information is accurate as of the writing of this article. 

Cabana Asset Management

Cabana Asset Management

Cabana Asset Management is a fee-only firm based in Fayetteville. It has billions in assets under management (AUM). There are several advisors working at the firm, including one certified public accountant (CPA). 

The firm works mostly with individual investors, though it does have a small number of high-net-worth individual clients. The firm also advises a few pension plans. There is no minimum investment required to open or maintain an account. 

Cabana Asset Management Background

Cabana Asset Management was founded in 2009. It is a wholly owned subsidiary of Cabana Holdings, LLC, which is owned by Louis Abraham Schaff, Jon Neal Prevost, Christopher Carns, the Bettye R Morse MGR GST Trust and George Chaddwick Mason. All of the owners of Cabana Holdings either work at or serve on the board of Cabana Asset Management. In addition to its headquarters in Fayetteville, the firm has offices in Texas.

Services offered by the firm include asset management, financial planning, retirement planning, tax services, workplace benefits and legacy planning. Cabana also has a law group that offers legal services, including asset protection and securities litigation.

Cabana Asset Management Investment Strategy

Cabana Asset Management has a number of model portfolios available for clients, each offering a different focus. These include: a conservative portfolio, a moderate portfolio, a balanced portfolio, a growth portfolio, an aggressive portfolio, an alpha income portfolio and an accumulator portfolio.

The company tends to favor investments in ETFs. It has generally found that these investments - especially large, index-based and low-cost funds - offer consistent dividends. In addition to ETFs, there is a broad spectrum of investment types used in client portfolios.

Lathrop Investment Management Corp.

Lathrop Investment Management Corp.

Lathrop Investment Management Corp. is a Little Rock-based firm that has the second-largest amount in assets under management (AUM). Its client base is split nearly evenly between individuals and high-net-worth individuals. The firm does not have a minimum asset level requirement, but it does have a required minimum fee of $5,000 per year, which means the firm probably doesn’t make sense for those with less than $500,000 in investable assets. The firm charges fees based on a percentage of assets under management. No advisor at Lathrop is licensed with a broker-dealer or insurance company, and they do not make money for selling clients securities or insurance products.

There are a small number of advisors at Lathrop. The team includes four chartered financial analysts (CFAs).

Lathrop Investment Management Corp. Background

Gregory C. Lathrop founded the firm in 1981. He remains the sole owner of the firm and serves as the president and as an advisor. 

Services offered at the firm include:

  • Discretionary investment advice
  • Retirement plan advising
  • Separately managed accounts
  • Portfolio management

Lathrop Investment Management Corp. Investment Strategy

The firm uses fundamental analysis to determine which securities to invest client money in. It conducts its own research and uses research provided by brokerage firms from around the world. It seeks to diversify clients' portfolios and generally holds 25-35 different companies in each portfolio. Mutual funds and exchange-traded funds (ETFs) are used when the client’s portfolio does not have enough cash to buy individual securities.

Meridian Investment Advisors

Meridian Investment Advisors

Meridian Investment Advisors is a fee-only, independent financial advisor firm that has hundreds of millions in assets under management (AUM). It has a limited staff of advisors, two of whom are chartered financial analysts (CFA) and one of whom is a certified financial planner (CFP). There is a minimum account size requirement of $500,000, so it makes sense that more than half of Meridian’s individual clients are high-net-worth individuals. The firm also advises institutional clients including pension and profit-sharing plans, charitable organizations, state or municipal government entities and other corporations.

Fees charged by Meridian are based on a percentage of assets under management. Advisors are not registered with a broker-dealer or insurance company and do not make commissions from selling products to clients.

Meridian Investment Advisors Background

The firm was founded in 1983. Its principal owners are Pat D. Moon and Lewis W. Van Ness. Both serve as managing principals and advisors at the firm.

Meridian’s services include:

  • Automated investment program
  • Retirement services for defined contribution plans
  • Investment management services
  • Retirement income planning
  • Life strategy

Meridian Investment Advisors Investment Strategy

Meridian looks to match risk level in a portfolio with a client’s risk tolerance. It primarily invests in common stocks and bonds including U.S. Treasuries and high-quality U.S. corporate bonds. It also invests in mutual funds and exchange-traded funds (ETFs). 

Fundamental analysis is the primary way that advisors at Meridian evaluate and choose investments for clients.

The Arkansas Financial Group, Inc.

The Arkansas Financial Group, Inc.

The Arkansas Financial Group is a fee-only firm based in Little Rock. It has millions in assets under management. The firm's staff, includes four certified financial planners (CFPs), one certified public accountant (CPA), one accredited investment fiduciary (AIF) and one chartered financial consultant (ChFC).

The firm works with an even mix of individuals and high-net-worth individuals. It also has pension plans, charitable organizations, corporations and trusts as clients. A big portion of the firm’s clients are physicians, and the firm stresses that its fee structure makes sense for young doctors, who may have tremendous earning potential but do not yet have much in the way of liquid assets. There is no minimum investment required, but there is a minimum annual fee is $600, meaning that clients with less than $66,667 to invest will end up paying a higher percentage of their portfolio.

The Arkansas Financial Group Background

The Arkansas Financial Group was founded in 1985. Its primary owners are Frederik E. Adkins, Kristina K. Bolhouse and John R. Broadwater, all of whom also work as advisors at the firm.  Adkins is the firm’s president and CEO, while Bolhouse and Broadwater are both vice presidents.

Services offered by the firm include wealth management, investment management and retirement rollovers.  

The Arkansas Financial Group Investment Strategy

The Arkansas Financial Group uses modern portfolio theory as its guide for creating client portfolios. The firm meets at least once a week to consider how to rebalance investments to make sure client accounts remain optimized.

Investments might include mutual funds, ETFs, individual bonds and other fixed income products. Individual stocks may be used if the client wants them to be part of their investment portfolio.

Greenwood Gearhart, Inc.

Greenwood Gearhart, Inc.

Greenwood Gearhart is a fee-only firm based in Fayetteville. The firm has hundreds of millions in assets under management. Multiple advisors work at the firm, including one certified financial planner (CFP) and one chartered financial advisor (CFA).

The firm works mostly with individuals, but it does have a few high-net-worth individuals for clients. It also advises a number of pension plans and some charitable organizations. The firm does not state its account minimum.

Greenwood Gearhart Background

Greenwood Gearhart Inc. was founded in 1982 by Mary Ann Greenwood, who no longer works at the firm. Greenwood Gearhart is independently owned and operated.

Services offered by the firm include investment management, financial planning, retirement planning and analysis, corporate retirement planning, fixed-income management and employee education.

Greenwood Gearhart Investment Strategy

Greenwood Gearhart goes through a four-step process to make its investment decisions: search strategy, security analysis, investment discussion and then a decision to purchase, monitor or reject the equity. Portfolios at Greenwood tend to be made up of 40-60 companies. 

The firm looks to capitalize on asset allocation. It searches for fair-to-undervalued companies that will make the best potential investments for clients. Additionally, it looks for favorable industries that are most likely to provide attractive returns on investment.

Smith Capital Management, Inc.

Smith Capital Management, Inc.

Smith Capital Management Inc. is a fee-only firm based in Little Rock. It has millions in client assets. The firm works with a fairly even mix of individuals and high-net-worth individuals. Clients also include pensions, corporations and a charitable organization. The firm suggests a minimum account size of $500,000.

Smith Capital Management Background

Smith Capital Management was founded in 1984. It is owned by Stephen Chaffin and Harold Crafton. Chaffin also serves as the firm’s president and managing principal. Crafton does not work at the firm.

Services offered by the firm include financial planning, retirement planning, estate planning and education planning. It can work with individual retirement plans, defined contribution plans and defined benefit plans. The firm also publishes a monthly newsletter.

Smith Capital Management Investment Strategy

Preservation of funds is the most important thing for managers at Smith Capital Management. Diversification, clear objectives and consistent investment tactics are used to look for potential growth, and firm does try to time the market. The firm manages both growth and income-focused portfolios. 

Investments may include stocks, bonds, mutual funds and ETFs. The types of investment used depend on fees and the goals of each individual investor.

Hexagon Capital Partners, LLC

Hexagon Capital Partners, LLC

Fee-only firm Hexagon Capital Partners, LLC has the seventh-largest amount in assets on this list. And when it comes to compensation arrangements, the firm mainly charges a percentage of clients’ assets under management (AUM). As for Hexagon Capital’s client base, it serves more than 500 clients such as individuals, high-net-worth individuals, pension and profit sharing plans, trusts, estates, charitable organizations and corporations. 

The firm’s staff includes two certified investment management analysts (CIMAs). 

Hexagon Capital Partners Background

Founded in 2019, Hexagon Capital specializes in portfolio management, financial planning and advisor and independent manager selection advisory services. 

Brent T. Henry, Dustin C. Colebank, Joshua McCaslin and John M. Hudson are the firm’s owners. 

Hexagon Capital Partners Investment Strategy 

Hexagon Capital says it’s focused on producing attractive risk-adjusted returns, according to its firm brochure. The firm mainly uses fundamental analysis and quantitative analysis when conducting investment research. 

The majority of the firm’s investments are in exchange-traded equity securities, according to its Form ADV.

Bass and Bell, Inc.

Bass and Bell, Inc.

Bass and Bell, Inc. is a fee-only firm managing millions in client assets. The firm has more than 700 clients, including high-net-worth individuals, individuals, corporations, foundations, retirement plans, pension plan participants and other entities. Bass and Bell doesn’t have a minimum account size requirement.

The firm charges asset-based fees for its advisory services. When it comes to professional industry credentials, Bass and Bell’s team features one certified financial planner (CFP).

Bass and Bell Background

Bass and Bell is a registered investment advisor (RIA) firm that began its operations in 2019. As for its advisory services, the firm provides discretionary and non-discretionary portfolio management, financial planning, and pension consulting services. 

Christopher D. Bell and Robert W. Bass are the firm's principal owners.

Bass and Bell Investment Strategy 

Bass and Bell’s primary securities analysis methods are fundamental analysis, technical analysis, quantitative analysis, charting analysis and cyclical analysis. The firm also uses several investment strategies that align with each client’s portfolio objectives. This includes long-term and short-term purchases, short sales, margin transactions and option writing. 

This firm utilizes a range of investment vehicles, including exchange-traded funds (ETFs), mutual funds, fixed income securities, common stocks and money market funds.

Ifrah Financial Services, Inc.

Ifrah Financial Services, Inc.

Ifrah Financial Services is a fee-only firm based in Little Rock. The firm has several financial advisors on staff, including seven certified financial planners (CFPs). 

Most of the firm’s business is with individual investors. It does some work with high-net-worth individuals, but it works with a much smaller number of high-net-worth individuals than individuals. The firm also advises a number of pension planners and a few other corporations. The firm does not require a minimum investment, but there is a minimum annual fee of $500.

Ifrah Financial Services Background

Ifrah Financial Services, Inc. was founded in 2006. It is principally owned by President and CEO Patrick Ifrah, chairman of the board Stephen DeSalvo and director and financial planner Micah Brown. In addition to its main office in Hot Springs, the firm also has an office in Texarkana, Texas.

Services offered by the firm include financial planning, investment management, 401(k) plans, retirement planning, estate planning, insurance, tax planning, cash management and budgeting.

Ifrah Financial Services Investment Strategy

Risk management is among the principle concerns for advisors at Ifrah Financial Services. The firm also uses a disciplined quantitative process to figure out which securities to buy and applies that knowledge when building a client’s portfolio. 

Advisors don’t just look for great companies, they look for great stock choices that are most likely to produce a good return for clients. Elements of passive and active investing are combined to create a balanced approach.

Legacy Capital Wealth Partners

Legacy Capital Wealth Partners

Legacy Capital Wealth Partners is a Little Rock-based financial  advisor firm that requires a minimum household investment of $500,000. The majority of the firm's clients are high-net-worth individuals, though it does advise some other individual investors and a few charitable organizations. Legacy Capital has a significant amount in assets under management (AUM). It has offices in Springdale and Fort Smith in addition to its Little Rock headquarters.

The firm has a small staff of advisors. There are only three financial certifications listed among the advisors at Legacy Capital. The firm features two certified financial planners (CFP) and one certified public accountant (CPA). 

Clients of Legacy Capital will pay an annual advisory fee based on criteria including the amount of assets under management, the complexity of the work performed and the number of family members served. The fee is calculated as a percentage of assets under management. Advisors at the firm may also be insurance professionals and make a commission off products sold to you. This is a conflict of interest, though advisors are still bound by fiduciary duty to act in your best interest.

Legacy Capital Wealth Partners Background

Legacy Capital Wealth Partners is a newly formed advisory service, as it filed its first brochure with the SEC in March 2018. The firm is wholly owned by parent company Legacy Capital Wealth Holdings, LLC. The majority of that company is owned by Matthew Jones and Jason Prather.

Services offered by the firm include:

  • Asset management
  • Risk management
  • Estate planning
  • Life insurance

Legacy Capital Wealth Partners Investing Strategy

Legacy Capital uses third-party investment managers to implement the following six strategies for itis clients:

  • Risk management: This strategy invests in equity markets but limits volatility. It uses money market and cash investments to minimize risk and sticks with domestic equities.
  • Dynamic growth: An aggressive approach designed to maximize growth. These accounts are 100% invested in domestic equities, across classes and styles.
  • Equity plus: This strategy looks for capital appreciation. A complex strategy that may be long, short and/or hedged, using both domestic and international equities in addition to bond funds and cash.
  • Hedge fund/alternative: An approach that provides risk-managed growth with a “fund of funds” approach. Managed futures, fixed-income arbitrage and distressed markets may all be used.
  • Long equity: A strategy that offers access to top asset managers using a proprietary platform. Portfolio are focused on a specific style or class.
  • Income: An approach focused on building a consistent income stream through real estate-backed assets and bonds.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research