Right on the river, the capital of Arkansas has a lot going for it despite its smaller population when compared to other cities. Economically speaking, a notable port and a variety of non-profits make the city home, as well as several large businesses and public employers. There’s no shortage of success, and as such no shortage of successful individuals. Yet you might need advice or guidance when it comes to your wealth. In this case, a financial advisor is almost certainly the right person to call.
Here are our top five choices for a financial advisory firm in Little Rock, Arkansas:
Lathrop Investment Management Corp.
Out top choice for Little Rock is Lathrop Investment Management Corp., with $608 million in assets under its management. Somewhat small in staff, the firm has been in business since 1981, and work primarily with both organizations and high net-worth individuals, and we encourage high net worth individuals to look at them first. They provide the standard array of services including financial, investment, and retirement advice.
When it comes to investment advice, the firm uses both its own research and outside sources in order to choose the right path for its clients. They seek to provide long-term returns for their clients.
Lathrop Investment Management Corp. is a fee-only firm that has a $5,000 minimum annual fee, but no account minimum.
You can expect the following working with Lathrop Investment Management Corp.:
- A focus on transparent client relationships, providing objective advice, and keeping an open line of communication.
- High standards for each advisor in terms of performance, ethical conduct, and professionalism.
- Experience working with high net worth individuals, moreso than most other firms in the region.
Meridian Investment Advisors
Our number two selection is Meridian Investment Advisors, with $533 million in assets under management. Similar in both size and experience to Lathrop, they focus primarily on retirement planning and investment management services. They work with a variety of different organizations and individuals, and they’ll likely be a good fit if you meet their qualifications.
Their investment strategies will generally develop around your short and long-term priorities, as well as tolerance for risk.
Meridian Investment Advisors is a fee-only firm that has a $500,000 asset minimum.
You can expect the following working with Meridian Investment Advisors:
- They will listen carefully to your needs and current circumstances, and then carefully select a plan based on that information. This personalization extends past the initial process and your strategy will change as you do.
- Online tools to help you more easily keep track of and manage your portfolio.
- Transparent meetings and communication that seeks to both inform and educate the client.
The Arkansas Financial Group, Inc.
Another fee-only firm with $476 million in assets under management, The Arkansas Financial Group, Inc. is a great alternative option for divorcees and young professionals, groups not commonly sought out by firms in the region. They also have plenty of experience working with physicians and working professionals of all types may feel right at home working with the firm.
Their investment strategy is based around disciplined planning and minimizing surprising. They are careful, measured, and data-driven in their approach.
The Arkansas Financial Group is a fee-only firm that has no set account minimum.
You can expect the following working with The Arkansas Financial Group:
- A high level of transparency and open communication when receiving communication, a must when dealing with sensitive topics or high-risk situations.
- Experience helping working professionals and those in transitional periods in their lives.
- Quarterly reevaluations of your portfolio and rebalancing as necessary.
Ifrah Financial Services, Inc.
With $319 million in assets under management, Ifrah Financial Services is also the largest of our choices in terms of staff size, boasting plenty of well-qualified advisors to help their clients. They work primarily with non-high-net-worth individuals, making them an excellent choice for the average individual or family looking to forge a financial road ahead. They primarily handle retirement planning and investment management, although they do provide the standard array of financial advisory services.
Their investment approach comes down to a disciplined, more passive approach than those chasing the market, with an active element of the portfolio to maximize returns.
Ifrah Financial Services is a fee-only firm that has no set account minimum.
You can expect the following working with Ifrah Financial Services:
- An in-depth fact-finding process to make sure that their proposed strategies are in alignment with your goals.
- Intensive tracking and readjustment of your portfolio, minimizing risk.
- A mixed approach to investing meant to minimize unwise decision-making.
Barry M Corken & Co., Inc.
We normally don’t select firms with just one advisor, but we made a special exception in the case of Barry M Corken & Co., Inc. for their commitment to independence and experience in the area. They have $125 million in assets under management and have been in operation since 1982. They offer comprehensive financial planning services, choosing to leave no financial stone unturned.
They follow modern portfolio theory for investments and choose to diversify investments for their clients among several types of asset classes.
Barry M Corken & Co. is a fee-only firm that has no set account minimum.
You can expect the following working with Barry M Corken & Co.:
- Expertise in helping widows and widowers handle their financial future.
- Experience working with a variety of organizations and individuals.
- A structured, multi-step approach to advising clients.
All the above firms are the best of the best for Little Rock residents and beyond, and we hope that after reviewing each of them further you will find the perfect fit for you and your family’s financial future. We encourage you to take your time and consider both your current financial situation and your long-term goals. This is an important decision, and we would hate for you to rush it. May your assets continue to work for you, and we wish you nothing but success in the future.