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Arvest Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Arvest Wealth Management is a large firm located in Lowell, Arkansas. The firm's wealth management arm is only one part of its entire business, as Arvest is also a full-service banking institution that provides bank accounts, credit cards, mortgages and other financial products.

Arvest Wealth Management employs hundreds of advisors, and they provide clients with services like financial planning, investment portfolio management and more. Arvest's parent corporation is owned by the Waltons, the family that started Walmart.

Arvest Wealth Management Background

Arvest Wealth Management was created as part of Arvest Bank in 2004. The company has branches across Arkansas, as well as in Oklahoma, Missouri and Kansas. Arvest Bank is the full owner of Arvest Wealth Management. Arvest Holdings, Inc., which owns Arvest Bank, is a wholly owned subsidiary of Arvest Bank Group, Inc. Arvest Bank Group is, in turn, owned by Jim C. Walton and Samuel Robson Walton, who are members of the Walton family, which owns Walmart.

Arvest Wealth Management Accounts Minimums and Client Types

Arvest Wealth Management works with a variety of clients, the vast majority of whom are individuals without a high net worth. It also works with some high-net-worth individuals, as well as pension and profit-sharing plans, charities, state and municipal governments and business entities.

Arvest has many different account minimums for its various investment management programs. These minimums tend to range from $50,000 to $100,000, though a few programs have minimums of $200,000 and $1 million. 

Services Offered by Arvest Wealth Management

Arvest Wealth Management provides financial planning and investment management services. When it comes to financial planning, the firm offers tax planning, retirement planning, education planning and anything else that you're looking to address when it comes to your financial future. Advisors at the firm are prepared to help clients with almost any financial planning need.

Investment management at Arvest is offered through a variety of wrap fee programs that the firm sponsors. A wrap fee program differs from a standard advisory program in that all advisory, transactional and custodial fees are combined into a single rate rather than being separate. There are 11 distinct programs at Arvest, and some of them have sub-programs within them as well.

  • AWM SMA Equity and Balanced Strategies
  • AWM SMA Fixed-Income Strategies
  • AWM Unified Managed Account
  • Lockwood AdvisorFlex Portfolios
  • Lockwood Asset Allocation Portfolios
  • Mutual Funds & ETF Strategists
  • IMG Equity & Balanced Strategies
  • IMG ETF Models
  • IMG Fixed-Income Strategies
  • Advisor Directed – Discretionary
  • Advisor Directed – Non-Discretionary

Arvest Wealth Management Investment Philosophy

Arvest Wealth Management's team of advisors work with clients on an individual basis to determine their financial goals and objectives. They then use this information to figure out which wrap fee program and investment strategy best fits the client's needs. All strategies, programs and portfolios used for a given client are chosen based on their personal risk tolerance, time horizon, income needs, liquidity needs and financial objectives.

When it comes to doing research and selecting securities for its investment programs, advisors use a variety of analysis methods. These can include, but are not limited to, fundamental analysis, technical analysis, qualitative analysis, quantitative analysis and asset allocation. The particular investment philosophy of each program will depend on the types of clients who are engaged in it.

Fees Under Arvest Wealth Management

Fees for investment management at Arvest vary depending on the type of program or strategy you choose to use. Arvest reserves the right to alter or negotiate any fee schedules that are currently listed. Many platforms and portfolios have sub-strategies that typically range from conservative growth to aggressive growth and may include fixed-income, equity and tax-advantaged options.

AWM SMA Equity and Balanced Strategies Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 3.00%
$250,000 - $1,000,000 2.50%
$1,000,000 and up 2.00%

 

AWM SMA Fixed-Income Strategies Fee Schedule
Portfolio Value Client Advisory Fee
First $100,000 - $250,000 1.75%
$250,000 - $1,000,000 1.25%
$1,000,000 and up 1.00%

 

AWM Unified Managed Account (UMA) Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 3.00%
$250,000 - $1,000,000 2.50%
$1,000,000 and up 2.00%

 

Lockwood AdvisorFlex Portfolios (LAFP) Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 1.75%
$250,000 - $1,000,000 1.50%
$1,000,000 and up 1.15%

 

Lockwood Asset Allocation Portfolios (LAAP) Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 1.75%
$250,000 - $1,000,000 1.50%
$1,000,000 and up 1.15%

 

Mutual Funds & ETF Strategists Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 1.75%
$250,000 - $1,000,000 1.50%
$1,000,000 and up 1.15%

 

IMG Equity & Balanced Strategies Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 3.00%
$250,000 - $1,000,000 2.50%
$1,000,000 and up 2.00%

 

IMG ETF Models Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 1.75%
$250,000 - $1,000,000 1.50%
$1,000,000 and up 1.15%

 

IMG Fixed-Income Strategies Fee Schedule
Portfolio Value Client Advisory Fee
First $100,000 - $250,000 1.75%
$250,000 - $1,000,000 1.25%
$1,000,000 and up 1.00%

 

Advisor Directed – Discretionary Program Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 1.75%
$250,000 - $1,000,000 1.50%
$1,000,000 and up 1.15%

 

Advisor Directed – Non-Discretionary Program Fee Schedule
Portfolio Value Client Advisory Fee
First $50,000 - $250,000 1.75%
$250,000 - $1,000,000 1.50%
$1,000,000 and up 1.15%

When it comes to financial planning, Arvest may charge clients on an hourly or fixed-fee basis. Hourly charges typically range from $25 to $100 per hour. Fixed-fees are generally in the range of $250 to $1,000, depending on the scope of services rendered.

What To Watch Out For

It's important to note that Arvest lists a couple of disclosures on its SEC-filed Form ADV. These disclosures relate to issues where the advisor failed to follow certain broker-dealer procedures and failed to establish adequate supervisory systems. As a result, the firm submitted to censure and was fined and the chief compliance officer got a three-day suspension.

As a fee-based firm, certain on-staff advisors at Arvest can receive commissions from the sale of insurance or securities products. While this induces a potential conflict of interest, the firm is legally bound by its fiduciary duty to act in clients' best interests at all times.

Opening an Account with Arvest Wealth Management

Looking to open an account with Arvest Wealth Management? You can go to the firm's website and fill out a form under "Let an Advisor Contact You." If that doesn't work for you, consider calling the firm over the phone.

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

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How Long $1mm 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
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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