North Little Rock, Arkansas-based RIA Sowell Management announced the launch of Cache River Private Wealth to offer households with over $5 million in net worth a “family office lite” experience.
“Cache River Private Wealth is a strategic expansion of the Sowell ecosystem,” said Daryl Seaton, CEO, Sowell Management. “The long-planned new division offers advisors a platform where they can elevate their capabilities in serving more complex, multi-generational clients while differentiating themselves in the high-net-worth space by offering advanced planning and a refined client experience.”
Cache River will focus on stewardship, stability and legacy; a multi-generational approach; and long-term family objectives. It will employ in-house and third-party expertise for estate, business succession, tax and wealth transfer planning.
“Through Cache River Private Wealth, advisors will be empowered to deliver a curated wealth experience that is guided with purpose, integrity, and a disciplined, coordinated approach,” added Seaton.
Cache River will provide advisors with a partnership program to support growth, succession, continuity and long-term business development.
Rob Emrich III will serve as Chief Growth Officer for Cache River. He will work with Bill Sowell, Founder and Chief Strategy Officer of Sowell Management.
“Cache River PW will be a compelling option for top-tier advisors looking for a suite of family office lite services to support discerning clients with sophisticated wealth management needs,” said Bill Sowell. “Advisors joining the new division will have access to Sowell’s well-developed infrastructure of tools, systems, and resources, in addition to enhanced planning, investment, and marketing support.”
Sowell has over $6.5 billion in assets under management and advisement as of March.
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