Arvest Wealth Management
Arvest Wealth Management is a large firm located in Rogers, 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.
Account minimums vary across Arvest's wrap fee programs, ranging from $25,000 to $1 million. The firm does not have a minimum asset account requirement for its retirement plan consulting accounts, but various plan custodians vary.
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 other planning services related 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 may include fundamental analysis, technical analysis, qualitative analysis, quantitative analysis and asset allocation. The particular investment philosophy or strategy 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 | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $25,000 - $250,000 | 3.00% | 0.65% |
| $250,001 - $1,000,000 | 2.50% | 0.65% |
| $1,000,001 and up | 2.00% | 0.65% |
| AWM SMA Fixed-Income Strategies Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $25,000 - $250,000 | 1.75% | 0.50% |
| $250,001 - $1,000,000 | 1.25% | 0.50% |
| $1,000,001 and up | 1.00% | 0.50% |
| AWM Unified Managed Account (UMA) Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $125,000 - $250,000 | 3.00% | 0.00% to 0.65% (Consult Client Advisor) |
| $250,001 - $1,000,000 | 2.50% | 0.00% to 0.65% (Consult Client Advisor) |
| $1,000,001 and up | 2.00% | 0.00% to 0.65% (Consult Client Advisor) |
| Lockwood AdvisorFlex Portfolios (LAFP) Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $25,000 - $250,000 | 1.75% | 0.10% |
| $250,001 - $1,000,000 | 1.50% | 0.10% |
| $1,000,001 and up | 1.15% | 0.10% |
| Lockwood Asset Allocation Portfolios (LAAP) Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $25,000 - $250,000 | 1.75% | 0.10% |
| $250,001 - $1,000,000 | 1.50% | 0.10% |
| $1,000,001 and up | 1.15% | 0.10% |
| Mutual Funds & ETF Strategists Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $25,000 - $250,000 | 1.75% | 0.00% |
| $250,001 - $1,000,000 | 1.50% | 0.00% |
| $1,000,001 and up | 1.15% | 0.00% |
| IMG Equity & Balanced Strategies Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $50,000 - $250,000 | 3.00% | 0.50% |
| $251,000 - $1,000,000 | 2.50% | 0.50% |
| $1,000,001 and up | 2.00% | 0.50% |
| IMG ETF Models Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $50,000 - $250,000 | 1.75% | 0.25% |
| $250,001 - $1,000,000 | 1.50% | 0.25% |
| $1,000,001 and up | 1.15% | 0.15% |
| IMG Fixed-Income Strategies Fee Schedule | ||
| Portfolio Value | Client Advisory Fee | Maximum Portfolio Manager Fee (Included in Client Advisory Fee) |
| First $100,000 - $250,000 | 1.75% | 0.35% |
| $250,001 - $1,000,000 | 1.25% | 0.35% |
| $1,000,001 and up | 1.00% | 0.25% |
| Advisor Directed – Discretionary Program Fee Schedule | |
| Portfolio Value | Client Advisory Fee |
| First $25,000 - $250,000 | 1.75% |
| $250,001 - $1,000,000 | 1.50% |
| $1,000,001 and up | 1.15% |
| Advisor Directed – Non-Discretionary Program Fee Schedule | |
| Portfolio Value | Client Advisory Fee |
| First $25,000 - $250,000 | 1.75% |
| $250,001 - $1,000,000 | 1.50% |
| $1,000,001 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 four disclosures on its SEC-filed Form ADV, the most recent of which was resolved in 2018 when the firm paid a $150,000 fine to the Financial Industry Regulatory Authority (FINRA).
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 click one of the "Find a Client Advisor" buttons. 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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