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Top Financial Advisors in Little Rock, AR

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Finding a Top Financial Advisor Firm in Little Rock, Arkansas

Choosing the right financial advisor for your needs is a big decision. To make your search a bit easier, SmartAsset assembled this list of the top financial advisor firms in Little Rock, including essential information on each firm’s services, fees and account minimums. For further guidance, take advantage of the SmartAsset financial advisor matching tool to get paired with an advisor in your area.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Lathrop Investment Management Corp. Lathrop Investment Management Corp. logo Find an Advisor

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$750,284,007 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

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

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$725,511,928 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

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

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$637,879,960 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management

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4 Ifrah Financial Services, Inc. Ifrah Financial Services, Inc. logo Find an Advisor

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$373,792,376 No set account minimum
  • Financial planning
  • 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
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
5 Legacy Capital Wealth Partners Legacy Capital Wealth Partners logo Find an Advisor

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$514,430,425 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops
6 Applied Capital LLC Applied Capital LLC logo Find an Advisor

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$269,998,347 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
7 Naviter Wealth, LLC Naviter Wealth, LLC logo Find an Advisor

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$458,463,000 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
8 Horrell Capital Management, Inc. Horrell Capital Management, Inc. logo Find an Advisor

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$352,722,183 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
9 Barry M. Corkern & Co., Inc. Barry M. Corkern & Co., Inc. logo Find an Advisor

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$122,226,352 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
10 ClientFirst Wealth Management, LLC ClientFirst Wealth Management, LLC logo Find an Advisor

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$161,498,000 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management

How We Found the Top Financial Advisor Firms in Little Rock, Arkansas

To find the top financial advisors in Little Rock, Arkansas, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

Lathrop Investment Management Corp.

Lathrop Investment Management Corp.

With the most assets under management on this list, Lathrop Investment Management is the top-rated financial advisory firm in Little Rock. While the firm's client base is split between individuals and high-net-worth individuals, it also has pension and profit-sharing plans, charitable organizations and corporations as clients.

The firm has a minimum annual fee of $5,000. This, plus a fee-structure based on a percentage of assets under management, means this fee-only firm makes sense for those with at least $500,000 in investable assets. Advisors do not make money from commissions for selling securities or insurance to clients.

The advisory team at Lathrop includes four chartered financial analysts (CFAs).

Lathrop Investment Management Background

Lathrop was founded in 1981 by Gregory C. Lathrop, making it the longest-tenured firm on our list. Lathrop remains the sole owner of the firm and acts as both president of the firm and an advisor.

The firm’s services include:

Lathrop Investment Management Investment Strategy

Fundamental analysis drives the firm’s choices of securities. The firm conducts its own research and supplements it with research from a variety of brokerage firms. Diversification is key and clients tend to be invested in 25 to 35 companies. While the firm primarily constructs portfolios using individual stocks, bonds and cash, it relies on mutual funds and exchange-traded funds (ETFs) when clients lack the funds to invest in enough individual companies. 

Meridian Investment Advisors

Meridian Investment Advisors

A fee-only firm, Meridian Investment Advisors is the No. 2 firm in Little Rock. Its team includes two chartered financial analysts (CFAs) and one certified financial planner (CFP). The firm advises both individuals and high-net-worth individuals and has a minimum account size of $500,000. It also has institutional clients, including pension and profit-sharing plans, charitable organizations, state or municipal government entities and other corporations.

Meridian's fees are all based on a percentage of assets under management, and its advisors do not earn commissions for selling securities or insurance products.

Meridian Investment Advisors Background

Founded in 1983, Meridian is principally owned by Pat D. Moon and Lewis W. Van Ness, both of whom are advisors and managing principals at the firm.

Services offered at Meridian include:

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

Meridian Investment Advisors Investment Strategy

Risk tolerance is the most important variable for Meridian’s advisors when forming a client’s investment strategy. Common stocks and bonds — including U.S. Treasury securities and high quality U.S. corporate bonds — are the most common investments used. Mutual funds and ETFs are also used.

In making investment choices, the firm primarily uses fundamental analysis, which involves using metrics to determine whether a particular asset is undervalued. 

The Arkansas Financial Group, Inc.

The Arkansas Financial Group, Inc.

The Arkansas Financial Group is a fee-only financial advisory firm focused on helping its clients achieve long-term financial growth. The firm says it typically works with young professionals, divorcees, people approaching retirement and retirees. It lists physicians as its most common client occupation. There is no minimum amount of assets required to open an account.

The firm has by far the most varied set of advisor certifications on this list, including four certified financial planners (CFPs), one certified public accountant (CPA), one chartered financial consultant (ChFC) and one accredited investment fiduciary (AIF).

The Arkansas Financial Group Background

President and CEO Frederick Adkins owns the firm with vice presidents Kristina Bolhouse and Ralph Broadwater. The firm has been in business since 1985.

If you choose to enter into a relationship with The Arkansas Financial Group, you will have a range of advisory services available to you. Included on this list are investment management, pre- and post-retirement planning, tax planning, estate planning and insurance analysis.

The Arkansas Financial Group Investment Strategy

Because The Arkansas Financial Group believes that an individualized approach is necessary to successfully manage client portfolios, the firm pays particular attention to your needs from the outset. During introductory conversations, you and your advisor will discuss your risk tolerance, financial objectives, time horizon and any specific investment needs you might have.

Then, your assets will be allocated, likely among ETFs, mutual funds and bonds. Your portfolio will be re-evaluated at the beginning of each quarter to ensure that everything is going according to plan. If it’s not, the firm may adjust its strategy.

Ifrah Financial Services, Inc.

Ifrah Financial Services, Inc.

Ifrah Financial Services, the fourth highest-rated firm on our list, features seven certified financial planners (CFPs). As a fee-only firm, Ifrah's advisors do not work for commissions. Instead, clients pay advisory fees that are based on a percentage of their assets under management.

Ifrah has no set minimum account size. Not surprisingly, 65% of the firm’s clients are non-high-net-worth individuals. The practice also serves businesses, estates, trusts, charitable organizations, high-net-worth individuals, and pension and profit-sharing plans. 

Ifrah Financial Services Background

Ifrah Financial Services was established in 2006. President and CEO Patrick Ifrah owns the firm with Stephen DeSalvo, chairman of the board and financial planner, and Micah Brown, director and financial planner.

Ifrah Financial Services offers a plethora of personal financial planning services, such as budgeting, estate planning, cash management, tax planning, insurance and retirement planning.

Ifrah Financial Services Investment Strategy

When a client opens an account, Ifrah Financial Services delves into your current financial situation and goals. The firm then builds a plan outlining how you can achieve your financial goals while adhering to your stated risk tolerance and time horizon.

The investment types this firm says it typically uses include ETFs, exchange-listed securities, corporate debt securities, mutual funds, U.S. government securities, variable annuities and other similar investments.

Clients may also use model asset allocations offered through FOLIOfn or Charles Schwab.

Legacy Capital Wealth Partners

Legacy Capital Wealth Partners

Legacy Capital Wealth Partners is a fee-based financial advisor firm that requires a household minimum of $500,000 in assets under management. Most of the firm’s clients are individuals and high-net-worth individuals, although Legacy also works with charitable organizations, corporations, pension and profit-sharing plans. 

The team at Legacy includes one certified financial planner (CFP), two certified public accountants (CPAs), a chartered life underwriter (CLU) and a chartered financial counselor (ChFC).

The majority of the fees the firm charges clients are based on a percentage of AUM. However, some advisors at this fee-based firm are also insurance agents and sell insurance products for commissions. While this could present a conflict of interest, the advisors at the firm are bound by fiduciary duty to act in clients’ best interests.

Legacy Capital Wealth Partners Background

A newer firm, Legacy first registered with the SEC as an investment advisor in 2018. It is owned by parent companies Legacy Capital Wealth Holdings, LLC and Trent Capital, LLC. While Legacy president Matthew Jones and managing partner Jason Prather own Legacy Holdings, the firm's managing principal David Trent controls Trent Capital. 

The firm offers a number of services to clients, including asset management, risk management, estate planning and life insurance.

Legacy Capital Wealth Partners Investment Strategy

Like many other firms, Legacy Capital Wealth Partners strives to get to know its clients and identify their financial situations, risk profiles, investment goals, tax situations, liquidity constraints and more. Using this information, Legacy typically implements a long-term investing strategy, holding all or some of a clients' securities for at least a year. 

The firm uses a variety of strategies, third-party managers and funds. Assets are typically invested in low-cost ETFs and with more focused separate account managers. However, the firm may also turn to alternative investments that have less downside risk.

Applied Capital LLC

Applied Capital LLC

Fee-based Applied Capital is the next firm on our list of the top practices in Little Rock. With no set account minimum, Applied Capital's client base is primarily composed of individuals without a high net worth. However, the firm does work with high-net-worth clients, as well. 

Applied Capital's advisory team includes several accredited professionals spread out across three different offices in Arkansas and Tennessee. The Little Rock office has one certified financial planner (CFP), while a CFP, certified public accountant (CPA) and personal financial specialist (PFS) work out of the firm's North Little Rock location. 

Several Applied Capital advisors are also licensed insurance agents who earn commissions on the sale of certain products, making the firm fee-based. Despite the potential conflict of interest that commissions can create, Applied Capital is a fiduciary and must always act in its clients best interests. 

Applied Capital Background

Founded in 2010, Applied Capital is principally owned by Brad Raines, who began his investment career in 2007. Raines opened a second Applied Capital office in Nashville, Tennessee in 2015 and added the North Little Rock office three years later. 

Applied Capital offers investment management and financial planning services that touch on a variety of topics, including budgeting, retirement planning, insurance needs, education planning, as well as tax and estate planning. 

Applied Capital Investment Strategy

Applied Capital builds and manages client portfolios according to individual clients' goals, objectives, time horizons and risk profiles. 

The firm may invest in a variety of assets, including mutual funds, equities, bonds, fixed income, debt securities, ETFs, real estate investment trusts (REITs), insurance products and government securities. Its investment strategies include long-term purchases, short-term trading and margin transactions. 

"Guided by a strong belief in efficient markets and academic research, we help clients build and manage well-diversified portfolios in a cost effective manner," the firm states on its website. 

Naviter Wealth, LLC

Naviter Wealth, LLC

Naviter Wealth, the next advisory firm on our list, is a fee-based outfit whose advisors may earn commissions on certain transactions, like the sale of insurance products or securities. This can lead to a conflict of interest, but as a fiduciary, the firm must put their clients' interests above all else. 

Naviter Wealth does not have a minimum account size or initial investment. However, more than 65% of the firm's individual clients are high-net-worth individuals. Naviter also works with indiviuals who do not have a high net worth, as well as one retirement plan and one charitable organization. 

The Naviter Wealth team includes three certified financial planners (CFPs), one chartered financial analyst (CFA) and one certified public accountant (CPA). Advisors may hold more than one professional designation.

Naviter Wealth Background

Founded in 2020, Naviter Wealth is the youngest firm on our list. Owned by Naviter Holdings, LLC, the firm is managed by CEO Bentley Blackmon and president Phillip Worthen. 

Naviter Wealth offers a core group of financial services in addition to asset management. These offerings including banking, lending and trust services, risk management and insurance planning, as well as portfolio administration and reporting. Clients can access additional services through Naviter Wealth's external network, including estate planning, family office services, as well as tax and accounting services. 

Naviter Wealth Investment Strategy

Naviter Wealth works closely with clients to create an investment portfolio tailored to their goals, objectives, risk tolerances and financial situations. Portfolios will comprise low-cost, diversified mutual funds and/or ETFs, as well as individual stocks, bonds or options contracts.

The firm's investing strategies are typically geared for the long-term, but advisors may sell securities that have been held for under a year to rebalance a portfolio. Naviter Wealth generally uses fundamental and technical methods of analysis to evaluate and select investments. 

Horrell Capital Management, Inc.

Horrell Capital Management, Inc.

Horrell Capital Management, a fee-only firm, works with individuals, high-net-worth individuals, charitable organizations, as well as state or municipal government entities. Horrell Capital does not require a minimum account size, but charges a minimum annual fee of $1,500.

As a fee-only firm, Horrell Capital does not earn commissions for the sale of insurance or financial products. Instead, its revenue comes from client fees that are charged as a percentage of assets under management. The firm may also charge hourly or fixed fees. 

Horrell Capital Management Background

Horrell Capital has been in business since 2010, but does not appear to mantain a website. Its founder and owner, Scott Horrell, also serves as the firm's sole advisor. Portfolio management and financial planning are the firm's core services. 

Horrell Capital Management Investment Strategy

Horrell Capital relies on investment approaches that utilize both equity and fixed income strategies. The firm offers investment advice on a range of securities, including ETFs, securities traded over the counter, warrants, corporate debt, municipal securities, options contracts and others. 

The firm uses charting, fundamental, technical and cyclical methods of analysis to evaluate investments. It employs multiple investment strategies, including long-term purchases, short-term purchases, trading, short sales, margin transactions and option writing.

"Our objective is to utilize strategies that are most appropriate and suitable for each Client," the firm's brochure states. "Each strategy and each type of security has associated risks. Bringing together multiple strategies and asset classes into one portfolio is a generally accepted method to mitigate those risks."

Barry M. Corkern & Co., Inc.

Barry M. Corkern & Co., Inc.

Barry M. Corkern & Co., the second oldest firm on our list, has a client base made up entirely of high-net-worth individuals. It also offers services to trusts, corporations, retirement plans, foundations and endowments. There is no minimum account requirement at Barry M. Corkern & Co. 

As a fee-only firm, Barry M. Corkern & Co. does not collect commissions for selling insurance or financial products. Its revenue comes solely from the advisory fees that clients pay. 

President Barry Corkern has two certifications: the certified financial planner (CFP) andaccredited investment fiduciary auditor (AIFA) designations. He also has knowledge on the financial situations of widows and widowers, having co-authored a book in 1999 titled, “Widowed: Beginning Again Personally and Financially.” Corkern is also the founding president of the Arkansas Chapter of the Financial Planning Association.

Barry M. Corkern & Co. Background

Corkern opened the firm in 1982 and he still principally owns the business. Corkern has accrued nearly 40 years of experience in the financial industry.

This firm says that it wants to provide all of its clients with a holistic approach to their financial lives, even going as far as taking into account multi-generational wealth legacy. When it comes to specific services, the firm offers the following:

  • Asset management
  • Disability and risk management
  • Debt management
  • Tax planning
  • Estate planning
  • Charitable giving
  • Financial goal evaluation

Barry M. Corkern & Co. Investment Strategy

Like many of its competitors, Barry M. Corkern & Co. has prospective clients answer a series of questions, which allows the firm to gain a deep understanding of the kind of investor that a client is. This is not only meant to establish your risk tolerance for the firm. It’s also used by your advisor as a tool to teach you about how risk could affect your portfolio’s performance.

Based on your responses, your advisor will build a diversified asset allocation illustrated in the form of a pie chart to make everything as simple as possible. 

The majority of client portfolios consist of no-load mutual funds that invest in both domestic and foreign stocks and bonds. The firm recommends both index and actively managed funds. As for strategy, Barry M. Corkern & Co. employs asset allocation based on Modern Portfolio Theory, which seeks to maximize returns and minimize risk. 

ClientFirst Wealth Management, LLC

ClientFirst Wealth Management, LLC

ClientFirst Wealth Management rounds out our list of Little Rock's top-rated financial advisory firms. This fee-only practice is anchored by Edward Mahaffy, the firm’s president and senior portfolio manager. Mahaffy is both a chartered financial consultant (ChFC) and a certified financial planner (CFP).

ClientFirst says it only serves the financial needs of individuals, both those with and without high net worths. The minimum account size is $500,000.

ClientFirst Wealth Management Background

Mahaffy founded ClientFirst Wealth Management in 2002 after spending more than 23 years in financial services, which included a stint at Merrill Lynch.

As stated earlier, the firm is singly focused on working with individuals. Its services include cash and risk management, insurance analysis, education planning, retirement planning, charitable giving, estate creation, tax mitigation and capital needs planning.

ClientFirst Wealth Management Investment Strategy

ClientFirst Wealth Management takes what it learns about its clients from a questionnaire to develop an investment strategy. Like most firms, ClientFirst takes a long-term approach, but the firm says that short-term purchases are also made to fulfill any needs for liquidity and quick cash that clients may have.

The firm relies on fundamental, technical, charting and cyclical methods of analysis to assess investments. 

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
Most
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