Finding a Top Financial Advisor Firm in Fayetteville, Arkansas
Finding the right financial advisor can be an arduous process. But SmartAsset has simplified your search by determining the top Fayetteville financial advisor firms. Below, we detail what types of accounts and specialities each firm offers, how much an account costs with each firm and other key information. If you’d prefer a more personalized approach, take advantage of the SmartAsset financial advisor matching tool which will pair you with an advisor in your area.
How We Found the Top Financial Advisor Firms in Fayetteville, Arkansas
Any Fayetteville, Arkansas financial advisor firms that are currently registered with the U.S. Securities and Exchange Commission (SEC) were considered for this list. Because these financial advisor firms are registered with the SEC, they are bound by fiduciary duty, a legal standard that requires them to always act in their clients’ best interest. Financial advisor firms that didn’t provide financial planning services, didn’t offer accounts for individuals or that had disciplinary issues were removed from consideration. Ordered from the highest amount of assets under management (AUM) to the least, these are the top financial advisor firms in Fayetteville, Arkansas.
Cabana Asset Management
Cabana Asset Management has no account minimum, giving various tiers of investors the option of opening an account. This fee-based firm works with many different types of clients, with individuals, trusts, estates, businesses, charitable organizations and pension and profit-sharing plan participants among its most common clients.
There is just one certified financial planner (CFP) on the firm’s 12-person advisory team. If you open an account with this firm, you may be offered supplementary insurance policies with your portfolio. Though this could result in possible commissions for your advisor, the firm is a fiduciary, requiring it to act in your best interest at all times.
Cabana Asset Management Background
Much younger than the first firm on this list, Cabana Asset Management was established relatively recently, in 2009. It is not an independently run financial advisor firm, as it's a subsidiary of Cabana Holdings, LLC, a holding company.
The financial planning services this firm provides are comparable to those offered by most firms, though the firm’s services become more targeted as it learns about your unique financial situation. This firm’s services include:
- Retirement planning
- Cash flow analysis
- Portfolio analysis
- Investment planning
- Estate planning
- Insurance review
- Education savings
Cabana Asset Management Investing Strategy
Depending on your financial objectives, Cabana Asset Management will place your assets in one of its seven model portfolios. These portfolio choices are conservative, moderate, balanced, aggressive, growth, accumulator and alpha income. Each portfolio type varies in how much risk it poses, how much liquidity it could provide and how significant the returns could be.
The investment types this firm chooses to place its clients’ funds in will shift depending on which model portfolio a client has been assigned to. The investments the firm uses range from bonds to equities to mutual funds to exchange-traded funds (ETFs).
Greenwood Gearhart, Inc.
There is no set minimum account size at Greenwood Gearhart, Inc. However, the firm has fewer than 400 clients, making it rather exclusive. The vast majority of that group consists of non-high-net worth individuals, though the firm does also work with some high-net-worth individuals.
Greenwood’s advisors don’t have many certifications, as it boasts just one certified financial planner (CFP) and one chartered financial analyst (CFA). It is a fee-only firm.
Greenwood Gearhart, Inc. Background
No firm on this list has been around longer than Greenwood Gearhart, Inc., which is independently owned. Mary Ann Greenwood established it in 1982 but has since moved on from the firm.
Its services include financial planning, general investment management and corporate retirement planning. More specifically, it also offers clients trust and IRA strategy management, employee benefit package review, financial organization, individual retirement planning, compliance monitoring and more.
Greenwood Gearhart, Inc. Investment Analysis
To ensure that its final investment decisions will likely benefit a client’s account, Greenwood Gearhart takes an extremely thoughtful look across all securities to find the best options. This involves not only an evaluation of the company in question, but also of the current overall market and industry outlook.
In general, investments that show long-term potential are the ones toward which this firm will gravitate. While nearly every client has some need for liquidity, the firm believes its affinity for reliable long-term securities bodes well for its clients’ assets.
Longer Investments, Inc.
Longer Investments, Inc. is a fee-only financial advisor firm that charges solely a percentage of your assets under management. The top firm on this list, Cabana Asset Management, charges fees based on a percentage of your assets under management in addition to hourly fees and fixed rate fees.
You must have at least $1 million in investable assets to open an account with Longer Investments. However, the firm states that it may accept smaller accounts at its discretion. This is supported by the firm’s current client base, which is essentially split down the middle between non-high-net-worth individuals and high-net-worth individuals.
Aside from individuals, the firm’s typical clients include family trusts, public retirement accounts, corporations, profit-sharing plans, charitable trusts and not-for-profit foundations. The firm has two registered paraplanners (RPs) and a chartered financial analyst (CFA) on staff.
Longer Investments, Inc. Background
Elaine Longer, founder and president, independently owns Longer Investment, Inc. She formed the firm in 1985. Altogether, the firm’s advisory staff has worked an average of nearly 30 years in the financial services industry.
Longer Investments’ financial planning services are tailored to its clients, as it builds a set of offerings depending on their personal needs. With that being said, the firm’s advisors do focus on tax management, retirement planning, estate planning and investment management.
Longer Investments, Inc. Investing Strategy
Before Longer Investment, Inc. devises an investment strategy for you, its advisors will learn about you and your financial needs. The firm does this by determining your risk tolerance, need for liquidity, current tax situation and financial objectives. Based on the above factors and your net worth, the firm will then create a plan diversified across asset classes.
Depending on your liquidity needs, Longer Investments will use short-term purchase and trading strategies that consist of selling securities within a year or 30 days of purchase, respectively. The firm believes that long-term investing is the most reliable strategy, so it most commonly relies on long-term purchases that remain in your account for at least a year.