“We are pleased to offer the advisors a familiar platform where they can continue to manage their assets at the same custodians that currently serve their clients and to introduce expanded service offerings to the advisors and their clients."
North Little Rock, Arkansas (PRWEB) September 27, 2016
Sowell Management Services, an SEC Registered Investment Advisory firm, today announced that it expects to serve as the Registered Investment Advisor for approximately 120 Investment Advisor Representatives currently registered with Concert Wealth Management.
The registration process with Sowell Management Services should be completed within the next several weeks. The transfer of these advisors from San Jose-based Concert Wealth Management comes as a result of changes in custodial relationships at Concert.
“We are pleased to offer the advisors a familiar platform where they can continue to manage their assets at the same custodians that currently serve their clients and to introduce expanded service offerings to the advisors and their clients,” said Sowell Management Services President and CEO Bill Sowell.
Sowell said the firm’s Turnkey Asset Management Program (TAMP) and back-office services offer a solution for advisors who want to outsource the investment and client service functions of their business and take advantage of a centralized investment and integrated technology platform. The Sowell platform offers custodial services through Fidelity, TD Ameritrade, Schwab, Pershing, Scottrade and Trust Company of America.
This is expected to add an estimated $1.5 billion in assets under management and 10,000 custodial accounts to the firm’s existing $540 million and approximately 4,000 accounts, which should bring the firm to an estimated $2 billion in assets under management and 14,000 accounts.
About Sowell Management Services
Sowell Management Services currently manages investments for independent financial advisors through an extensive Broker-Dealer network as well as Investment Advisor Representatives and other Registered Investment Advisory firms. The firm also provides mid- and back-office services to other industry professionals. To learn more, visit http://www.sowellmanagement.com.
Bill Sowell, President and CEO
7301 River Pointe Drive
North Little Rock, Arkansas 72113