Sowell Management of North Little Rock, Arkansas, has completed the transition of three practices with $220 million in combined client assets. Ellis Wealth Advisors, Rivers Investment Group and Gregg Brant joined the Sowell network from Raymond James, Osaic and Edward Jones, respectively.
Bill Sowell, CEO and Founder of Sowell Management, said, “Sowell’s value proposition is resonating with advisors across the wealth management space. These newly affiliated advisors are the latest to see Sowell as the partner to help them bridge the gap to true independence. While our scale allows us to provide the technology, operations and compliance support that have become table stakes in our industry, we also offer the culture, advisor-centric service approach and personal relationships increasingly lacking at many of the larger firms.”
Michael Ellis has 23 years’ experience, and founded Ellis Wealth Advisors in Madison, Alabama, in 2015. Before that, he was a partner at Edward Jones.
Daniel Rivers founded Rivers Investment Group in Camden, Arkansas, in 1988, and started in the investments industry in 1985. Sowell made a minority investment in Rivers Investment Group to resource its growth and help provide for succession planning.
Gregg Brant began working as a financial advisor in Palm Beach County, Florida in 2013. He joined Sowell as a tuck-in with Barclay Breland Family Office, an existing Sowell firm.
Speaking of the new additions, Jason Inglis, Chief Revenue Officer of Sowell Management added, “They are seasoned professionals with impressive advisory businesses who have built solid long-term relationships with their investor clients. While each had unique reasons for choosing Sowell, they were all looking to partner with a firm to help them run their businesses efficiently and build equity and enterprise value in their advisory businesses.”
Sowell Management is a privately held RIA founded in 2001. The firm’s network of financial advisors represented over $5 billion in client assets as of September.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at mmadden@wealthsolutionsreport.com.
