3 Tips for a Successful Outsourcing Relationship
There are several obvious benefits to outsourcing. Whether you need technology solutions or support, investment management or financial planning solutions, compliance or marketing, outsourcing can help free up your time so you can focus on helping your clients’ meet their needs and achieve their goals. Understanding and managing the outsourcing relationship is critical. Here are […]
5 Myths About Becoming an Independent Financial Advisor
There are a lot of misconceptions about becoming an Independent Financial Advisor. For those financial advisors considering independence, we know change can be scary and uncertain. You may be asking these questions: Will my clients follow me? Will my income be as good as it is now? How will I handle all the paperwork and […]
RIA Sowell Management’s End-to-end Tech Solution Innovating the Way Financial Advisors Do Business
One of the primary objectives of Sowell Management, a privately held Registered Investment Advisor that serves financial advisors nationwide, is to lead the charge in delivering innovative solutions that foster growth and scale faster. The company is doing just that with the recent launch of FLEX Connect, its end-to-end technology solution that empowers financial advisors through every stage of the wealth management life cycle.
Sowell Management, an RIA based in Arkansas, recently launched FLEX Connect, an end-to-end technology solution for its financial advisor partners. The project has been in the works for almost two years and is being well received by its clients
What is an OCIO, and does my firm need one?
This article seeks to demystify OCIOs and their services, as well as illuminate a powerful potential resource now available to most RIAs and Financial Advisors.
Innovation Helps Grow Financial Advisory Firms
Sowell Management embraces innovation. We strive to do things better – seeking opportunities to continuously grow our business alongside our financial advisor partners.
Sowell Management Grows Organically, Ahead of RIA Curve
The writing is on the wall for Registered Investment Advisors (RIAs) that aim to sustain the growth they have experienced in recent years. For most RIAs the majority of recent growth has come from market appreciation and accelerating merger and acquisition (M&A) activities, not the true organic growth from new client acquisition. But the recent slowdown in M&A growth has firms turning back to the basics and focusing on organic growth, according to David DeVoe, an RIA growth consultant.
Sowell Management Shares How RIAs Can Grow Organically
Earlier this year, I had the privilege to attend David DeVoe’s “Elevate” conference in Nashville. As the chief revenue officer for a nationwide RIA focused on growth, I consider David a dynamic thought leader in our space. Barron’s has called him “the M&A guru,” so when he gave the keynote address, I was listening. His […]
College Bound & Covered: Essential Estate Planning Docs for Students
As a financial advisor, you play a vital role in guiding your clients toward a secure and prosperous financial future. While you’re likely already offering a comprehensive range of financial services, have you considered the significant advantages of including estate planning in your offerings? Estate planning is a crucial component that complements your financial strategies […]
10 digital marketing tactics to grow your financial advisory firm
Taking the leap to become an independent financial advisor is an enormous decision. Because you’re now responsible for everything in your business, the onus is on you to become an expert at everything – finance, compliance, tech – and marketing.
5 Myths About Becoming an Independent Financial Advisor
There are a lot of misconceptions about becoming an Independent Financial Advisor. For those financial advisors considering independence, we know change can be scary and uncertain. You may be asking these questions: Will my clients follow me? Will my income be as good as it is now? How will I handle all the paperwork and back-office operations? What about all those complex compliance rules and regulations?
How a growing RIA is using EOS to grow the right way
One of the decisions Bill Sowell made was to research and ultimately embrace a business operating system that would be a playbook for successfully running the business.
Executive Q&A: CEO Bill Sowell on Expanding into NWA
With 50-plus branch offices all across the country and being based in Arkansas, it only made sense that we would expand our efforts into northwest Arkansas with a physical presence. We would not have opened an office in northwest Arkansas without an anchor. Fortunately, that opportunity came through acquiring Sector Grid Advisors, who were affiliated with Raymond James in Rogers. The advisers, Bob Taylor and Tonya McKaughan, were a perfect fit for us in every way — their size, which was around $120 million, and focus on client service, along with being a great cultural fit and just basically being really good people. … Our projections have us topping $200 million in four years, and I wouldn’t be surprised if we hit that much quicker.