Sowell Management is equipping advisors with investment products resulting from a recently announced partnership with Goldman Sachs Asset Management and GeoWealth. The Sowell Visionary Allocation Strategies are exclusive to Sowell and were designed for high net worth (HNW) clients and personalized to their tax situations, preferences and objectives.
According to Sowell, the strategies employ institutional-grade research, active portfolio construction and implementation without a strategist’s fee. The solutions are being offered through FLEX Investment Management (IM), Sowell’s proprietary UMA platform, which is supported by GeoWealth.
“At Sowell, we are hyper-focused on helping independent financial advisors scale with confidence, which is why we are thrilled to work with Goldman Sachs to offer investment solutions that help advisors meet and exceed the needs of their clients,” said Daryl Seaton, President at Sowell Management.
The initial launch includes three strategy suites that use a mix of ETFs and equity SMAs. A fourth model, which includes direct indexing, alternatives and fixed income SMAs, is expected to launch later this year.
Seaton added, “In addition to accessing the experience of a leader in institutional investing, this partnership will enable advisors to implement Sowell’s strategy suite into client accounts seamlessly, removing a key barrier to implementing portfolios at scale using turnkey technology.”
Sowell’s in-house OCIO team and asset manager partnerships provide turnkey portfolio strategies to its advisors.
“We are excited to bring these distinct strategy suites to market and offer access to the ‘best of’ Goldman Sachs Asset Management, including direct indexing, alternatives, fixed income SMAs and active and passive ETFs through an open architecture model,” said Alexandra Wilson-Elizondo, Co-Head and Co-Chief Investment Officer at Goldman Sachs. “As Advisors seek better investment outcomes for their clients, we are well-positioned to deliver by leveraging our investment expertise applied through Sowell’s state-of-the-art technology platform.”
Arkansas-based Sowell Management is a privately held RIA founded by financial advisor Bill Sowell in 2001. The firm has a nationwide network of financial advisors representing over $5.5 billion in client assets as of April.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at michael.madden@wealthsolutionsreport.com.
