DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Sowell Management

Independent wealth managerNorth Little Rock, ArkansasCRD 127145SEC 801-63991websiteIAPD
Legal name Sowell Financial Services, LLC
Latest filing Jul 23, 2026
First filing on the tape Mar 21, 2012 · 115 filings
SEC status approved since May 27, 2005
RAUM
$4.8B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
89%
$4.3B individuals and HNW
Advisors
109
registered through the firm on IAPD
RAUM per advisor
$44.1M
derived; firm RAUM over IAPD count
Employees
162
94 advisory (5.B.1)
Offices
70
beyond the principal office
Private funds
0
reported on Schedule D
History
115 filings and snapshots on the tape
RAUM$4.8B as of Jul 23, 2026
Mar 21, 2012$446M then
HNW client RAUM$2.0B as of Jul 23, 2026
Mar 31, 2018$875M then
State-registered IARs (5.B.3)106 as of Jul 23, 2026
Apr 1, 20136 then
Employees (5.A)162 as of Jul 23, 2026
Apr 1, 20138 then
Private funds: no history
RAUM +14% over the last fiscal year+20% a year over threeIARs 96 to 106
Practice profile
derived from the filing of Jul 23, 2026; every figure names its basis
RAUM per advisor
$44.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
58derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.1MderivedHNW RAUM over HNW clients
Average account
$286,832derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
3.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
1.5derived71 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$1.4B, 1,754 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$2.2B47%
  • High-net-worth individuals$2.0B42%
  • Corporations and businesses$353M7.3%
  • Pension and profit-sharing plans$157M3.3%
  • Charitable organizations$16.8M0.3%
Individual clients
5,880reported
HNW clients
400reported
Pension plan clients
116reported
Charitable clients
32reported
Accounts
16,763reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$1.4B for 1,754 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.04 related_bd=true related_bank=false bd_reps=4.0derived
Advisors registered through the firm
108 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
William Chesley SowellNorth Little Rock, ArJan 22, 201035 y3
Carrie Jean QuraishiJonesboro, Ar Dec 14, 201519 y4
James Jon BenetForest, VaFeb 1, 201641 y2
Eric Farokh BillimoriaCertified Financial PlannerSchaumberg, Il Sep 16, 201614 y1
John Martin PadillaSanta Monica, Ca Sep 16, 201634 y4
Farokh Bill BillimoriaCertified Financial PlannerNorth Little Rock, Ar Sep 19, 201643 y4
Lori Robyn HallWoodridge, Il Sep 19, 201626 y4
Leslie FerroneNorth Little Rock, Ar Sep 21, 201638 y2
Kimberly Marie NordiGig Harbor, Wa Sep 26, 201630 y3
Thomas Ralph ClarkChartered Financial ConsultantWest Des Moines, Ia Sep 29, 201640 y4
Gerrit William VriezeWest Des Moines, Ia Sep 29, 201628 y3
Scott Lawrence ChristieChartered Financial ConsultantScottsdale, Az Sep 30, 201641 y5
Matthew Paul MccoyCertified Financial Planner, Chartered Financial ConsultantChattanooga, Tn Oct 3, 201621 y3
Brady Brian BuskirkGig Harbor, Wa Oct 3, 201615 y4
Brian Wayne BuskirkGig Harbor, Wa Oct 17, 201643 y4
Ryan Matthew JenningsScottsdale, Az Oct 19, 201614 y2
Jason Allan StroedeBelleville, Il Nov 15, 201619 y4
Marty Edward PaulNorth Little Rock, Ar Dec 8, 201631 y4
Joseph M LatourNorth Little Rock, Ar Dec 21, 201629 y6
Eric Michael HarleyIndianapolis, In Jan 5, 201726 y4
Dianne Mae LutzNorth Little Rock, Ar Mar 22, 201738 y3
Chris D BalkaSeattle, Wa Jul 18, 201731 y2
Marilyn Laux EvansCertified Financial PlannerNorth Little Rock, Ar Aug 31, 201727 y2
Philip Wayne BodineGranite Bay, CaJan 12, 201832 y3
Colin Joseph HughesCertified Financial PlannerFlagstaff, AzFeb 16, 201816 y2
Matthew Thomas McmahonCertified Financial PlannerFlagstaff, Az Feb 16, 201812 y2
Morris M. AmiriNorth Little Rock, Ar Dec 18, 201823 y2
Samuel Harrison KornsteinChartered Financial AnalystNewton, Ma Feb 11, 201914 y1
Matthew Gerard DellerCertified Financial PlannerNorth Little Rock, Ar Aug 5, 201926 y5
Lawrence Parker WattsChartered Financial AnalystNorth Little Rock, Ar Aug 23, 201943 y2
Rodney KresgeNorth Little Rock, ArNov 7, 201931 y3
Daryl T SeatonNorth Little Rock, ArJan 30, 202025 y4
John Karlton DeshawNorth Little Rock, Ar Mar 4, 202031 y1
Ramie KhalilHuntington Beach, Ca Mar 4, 202012 y1
Vladimir DonetsGranite Bay, Ca Apr 16, 202024 y1
Joshua SinnottNorth Little Rock, Ar Apr 16, 202019 y1
Vyacheslav Slava PalamarchukGranite Bay, Ca Apr 16, 202011 y1
Timothy Jonathan PooleNorth Little Rock, Ar May 20, 202022 y4
Donald James ZolfoCertified Financial PlannerNew Lenox, Il Nov 24, 202012 y2
Harvey I SpiraNorth Little Rock, Ar Feb 28, 202142 y6
All 108 advisors at Sowell Management
Advisor movement
7 left, 10 joined in 12 months
net +3 in 12 months2 left in 90 days2 joined in 90 daysdeparture rate 6.4% of current headcount22 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • T Daryl Seaton · President And Ceocontrol
    since 01/2020 · owns less than 5%
  • Cynthia Sowell · Evpcontrol
    since 03/2009 · owns less than 5%
  • Chesley William Sowell · Founder And Chief Strategy Officercontrol
    since 12/2001 · owns less than 5%
  • Chesley William Sowell · Chief Executive Officercontrol
    since 12/2001 · owns 50% to 75% of Sowell Management, Inc
  • Clifford Charles Hicks · Chief Customer Officer
    since 04/2015 · owns less than 5%
  • Fairbanks Jason Inglis · Chief Revenue Officer
    since 08/2022 · owns less than 5%
  • Rodney Kresge · Chief Compliance Officer
    since 10/2019 · owns less than 5%
  • Nancy Norman · Trustee
    since 08/2016 · owns 50% to 75% of Theodore And Nancy Family Revocable Trust Dated August 2, 2016
  • Paul Theodore Norman · Trustee
    since 08/2016 · owns 50% to 75% of Theodore And Nancy Family Revocable Trust Dated August 2, 2016
Entity owners
  • Merchant Sowell Holdings, LLC · Member
    direct · owns 75% or more
  • Sowell Management, Inc · Member
    direct · owns 25% to 50%
  • Theodore And Nancy Family Revocable Trust Dated August 2, 2016 · Owner
    direct · owns less than 5%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
North Little Rock, Ar · principal104194
Gig Harbor, Wa710
Little Rock, Ar510
Houston, Tx401
Jupiter, Fl300
Dallas, Tx320
Flagstaff, Az300
Good Hope, Ga300
Granite Bay, Ca300
La Plata, Md300
Scottsdale, Az300
Shawnee, Ok310
West Des Moines, Ia310
Hot Springs, Ar200
Williamsburg, Va200
New York, Ny200
Rogers, Ar200
Enid, Ok200
Chattanooga, Tn200
Cayucos, Ca200
Offices
Schedule D 1.F, the 25 largest
  • Gig Harbor, WA7 employees
  • Rogers, AR3 employees
  • Little Rock, AR3 employees
  • Albuquerque, NM2 employees
  • Chattanooga, TN2 employees
  • Flagstaff, AZ2 employees
  • Marlton, NJ2 employees
  • Scottsdale, AZ2 employees
  • Watkinsville, GA2 employees
  • West Des Moines, IA2 employees
  • Williamsburg, VA2 employees
  • Indianapolis, IN1 employees
  • Jupiter, FL1 employees
  • Castle Rock, CO1 employees
  • Los Angeles, CA1 employees
  • Tulsa, OK1 employees
  • Atlanta, GA1 employees
  • Roseville, CA1 employees
  • Santa Monica, CA1 employees
  • Schaumberg, IL1 employees
  • Enid, OK1 employees
  • , 1 employees
  • Dartmouth, MA1 employees
  • Granite Bay, CA1 employees
  • Hot Springs, AR1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • HNW share shiftChange between filings · filing Apr 29, 2026
    HNW share of RAUM moved from 21.0% to 42.0% between the annual amendments of 2025-04-25 and 2026-04-29
    peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
  • Accounts · 13,257 to 16,763
    Feb 11, 2026 to Mar 25, 2026
  • Advisory employees · 87 to 94
    Feb 11, 2026 to Mar 25, 2026
  • BD registered reps · 10 to 4
    Feb 11, 2026 to Mar 25, 2026
  • Charity clients · 29 to 32
    Feb 11, 2026 to Mar 25, 2026
  • Corporate clients · 214 to 196
    Feb 11, 2026 to Mar 25, 2026
  • HNW clients · 82 to 400
    Feb 11, 2026 to Mar 25, 2026
  • Individual clients · 5,926 to 5,880
    Feb 11, 2026 to Mar 25, 2026
  • Pension plan clients · 321 to 116
    Feb 11, 2026 to Mar 25, 2026
  • Assets in custody · $880M to $1.4B
    Feb 11, 2026 to Mar 25, 2026
  • Employees · 146 to 162
    Feb 11, 2026 to Mar 25, 2026
  • Insurance-licensed employees · 7 to 10
    Feb 11, 2026 to Mar 25, 2026
  • State-registered IARs · 96 to 106
    Feb 11, 2026 to Mar 25, 2026
  • Discretionary RAUM · $4.1B to $4.7B
    Feb 11, 2026 to Mar 25, 2026
  • HNW RAUM · $891M to $2.0B
    Feb 11, 2026 to Mar 25, 2026
  • Individual RAUM · $2.8B to $2.2B
    Feb 11, 2026 to Mar 25, 2026
  • Non-discretionary RAUM · $87.7M to $70.3M
    Feb 11, 2026 to Mar 25, 2026
  • Pension RAUM · $164M to $157M
    Feb 11, 2026 to Mar 25, 2026
  • RAUM · $4.2B to $4.8B
    Feb 11, 2026 to Mar 25, 2026
  • Financial planning clients · 26-50 to 26-50
    Apr 25, 2025 to Jun 11, 2025
  • Advisory employees · 84 to 87
    Feb 6, 2025 to Apr 25, 2025
  • BD registered reps · 13 to 10
    Feb 6, 2025 to Apr 25, 2025
  • Charity clients · 18 to 29
    Feb 6, 2025 to Apr 25, 2025
  • Corporate clients · 187 to 214
    Feb 6, 2025 to Apr 25, 2025
  • HNW clients · 61 to 82
    Feb 6, 2025 to Apr 25, 2025
  • Individual clients · 5,343 to 5,926
    Feb 6, 2025 to Apr 25, 2025
  • Pension plan clients · 264 to 321
    Feb 6, 2025 to Apr 25, 2025
  • Assets in custody · $1.2B to $880M
    Feb 6, 2025 to Apr 25, 2025
  • Employees · 157 to 146
    Feb 6, 2025 to Apr 25, 2025
  • Insurance-licensed employees · 11 to 7
    Feb 6, 2025 to Apr 25, 2025
  • State-registered IARs · 92 to 96
    Feb 6, 2025 to Apr 25, 2025
  • Discretionary RAUM · $3.3B to $4.1B
    Feb 6, 2025 to Apr 25, 2025
  • HNW RAUM · $701M to $891M
    Feb 6, 2025 to Apr 25, 2025
  • Individual RAUM · $2.2B to $2.8B
    Feb 6, 2025 to Apr 25, 2025
  • Non-discretionary RAUM · $411,508 to $87.7M
    Feb 6, 2025 to Apr 25, 2025
  • Pension RAUM · $92.1M to $164M
    Feb 6, 2025 to Apr 25, 2025
  • RAUM · $3.3B to $4.2B
    Feb 6, 2025 to Apr 25, 2025
  • Accounts · 12,450 to 13,257
    Nov 29, 2023 to Mar 1, 2024
  • Advisory employees · 87 to 84
    Nov 29, 2023 to Mar 1, 2024
  • BD registered reps · 18 to 13
    Nov 29, 2023 to Mar 1, 2024
  • Corporate clients · 165 to 187
    Nov 29, 2023 to Mar 1, 2024
Signals
60 dated events
  • 2 advisors left Cambridge Investment Research Advisors, Inc. (Merritt Island, FL) for Sowell Management on the same day
    Sep 4, 2026 · Team lift-out · derived
  • Michael Mixon Ellis left Sowell Management for Ellis Wealth Advisors, Llc (registered 2026-07-10)
    Jun 30, 2026 · Advisor changed firm · fact
  • Michael Mixon Ellis left Sowell Management for Ellis Wealth Advisors, Llc (registered 2026-07-29)
    Jun 30, 2026 · Advisor changed firm · fact
  • Jullie Ann Nicole Strippoli left Sowell Management for Hub Investment Partners, Llc (registered 2026-04-22)
    Apr 17, 2026 · Advisor changed firm · fact
  • James Goolsby left Sowell Management for Dai Wealth, Llc (registered 2026-01-02)
    Jan 5, 2026 · Advisor changed firm · fact
  • John Melville Davis left Sowell Management for Integrated Advisors Network Llc (registered 2026-01-02)
    Jan 2, 2026 · Advisor changed firm · fact
  • Pich Molyka Nhek left Sowell Management for Private Advisor Group, Llc (registered 2026-08-26)
    Dec 12, 2025 · Advisor changed firm · fact
  • Simon Antoine Arrata left Sowell Management for Traynor Capital Management (registered 2025-08-26)
    Oct 23, 2025 · Advisor changed firm · fact
  • Noah Brian Ozgo left Sowell Management for Mml Investors Services, Llc (registered 2025-08-28)
    Aug 22, 2025 · Advisor changed firm · fact
  • 2 advisors left Northwestern Mutual Investment Services,Llc (Conway, AR) for Sowell Management within 7 days
    Jul 23, 2025 · Team lift-out · derived
  • Sowell Management reported RAUM $4.2B, up 27% from $3.3B (2025-02-06 to 2025-04-25)
    Apr 25, 2025 · RAUM change · derived
  • Richard C Wethington left Sowell Management for Stephens (registered 2025-02-11)
    Feb 11, 2025 · Advisor changed firm · fact
  • 2 advisors left MML Investors Services, LLC (Little Rock, AR) for Sowell Management on the same day
    Jan 30, 2025 · Team lift-out · derived
  • 2 advisors left IC Advisory Services, Inc. (LA Plata, MD) for Sowell Management on the same day
    Nov 4, 2024 · Team lift-out · derived
  • Eric Michael Flaten left Sowell Management for Lifepro Asset Management (registered 2024-08-02)
    Oct 18, 2024 · Advisor changed firm · fact
  • Marquay Jovon Baul left Sowell Management for Integra Private Wealth Management, Llc (registered 2023-02-27)
    Sep 10, 2024 · Advisor changed firm · fact
  • Matthew Reakus left Sowell Management for Sound Wealth Llc (registered 2024-05-21)
    Aug 1, 2024 · Advisor changed firm · fact
  • Douglas Scott Ferrell left Sowell Management for Teton Wealth Group Llc (registered 2021-02-01)
    May 23, 2024 · Advisor changed firm · fact
  • Clayton Boyd Alexander left Sowell Management for Teton Wealth Group Llc (registered 2021-02-01)
    May 23, 2024 · Advisor changed firm · fact
  • 2 advisors left Sowell Management (North Little Rock, AR) for Teton Wealth Group LLC on the same day
    May 23, 2024 · Team lift-out · derived
  • Stephen Joseph Sanders left Sowell Management for First Financial Services, Llc (registered 2024-04-30)
    Mar 5, 2024 · Advisor changed firm · fact
  • F. John Deuschle left Sowell Management for First Financial Services, Llc (registered 2024-03-01)
    Mar 5, 2024 · Advisor changed firm · fact
  • Donald Glenn Baker left Sowell Management for First Financial Services, Llc (registered 2024-03-01)
    Mar 5, 2024 · Advisor changed firm · fact
  • Thomas Dixon Sanders left Sowell Management for First Financial Services, Llc (registered 2024-04-30)
    Mar 5, 2024 · Advisor changed firm · fact
  • 4 advisors left Sowell Management (North Little Rock, AR) for First Financial Services, LLC on the same day
    Mar 5, 2024 · Team lift-out · derived
  • Sowell Management reported 70 offices beyond its principal office, up from 55 (2023-11-29 to 2024-03-01)
    Mar 1, 2024 · Office count change · derived
  • David Jason Lampe left Sowell Management for Lampe Financial Group Llc (registered 2023-10-13)
    Dec 31, 2023 · Advisor changed firm · fact
  • Steven Bradford Miller left Sowell Management for Efficient Advisors (registered 2021-05-13)
    Dec 1, 2023 · Advisor changed firm · fact
  • Sabrina Ann Williams left Sowell Management for Efficient Advisors (registered 2021-05-13)
    Dec 1, 2023 · Advisor changed firm · fact
  • 2 advisors left Sowell Management (North Little Rock, AR) for Efficient Advisors on the same day
    Dec 1, 2023 · Team lift-out · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
501-232-8686reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/solera-asset-managersreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
linkedin.com/company/apex-asset-advisorsreportedpublic record, Form ADV, Sep 17, 2026
Website
sowelladvisors.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
501-219-2434reportedpublic record, Form ADV, Jul 23, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$44.1Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026