Arkansas RIA Landscape — 2025

A data-driven overview of SEC-registered wealth advisory firms headquartered in Arkansas, including growth trends, succession risk analysis, and M&A opportunity signals.

Source: SEC Form ADV · Updated Q4 2024

Total Firms

67

Total AUM?

$47.3B

Median AUM

$218M

13F Filers

18

AUM Tier Distribution

Under $100M4

$100M–$500M44

$500M–$1B13

$1B–$5B5

$5B+1

State Snapshot

Total Firms67

Total AUM$47.3B

Median AUM$218M

13F Filers18

High Succession Risk10

Elevated Succession Risk8

Succession Risk Breakdown

High

10 firms (15%)

Elevated

8 firms (12%)

Moderate

10 firms (15%)

Lower

39 firms (58%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
WESTROCK ASSET MANAGEMENT, LLC	LITTLE ROCK	$209M	+50.8%	Lower
NAVITER WEALTH, LLC	LITTLE ROCK	$1.5B	+40.2%	Lower
LEGACY CAPITAL WEALTH PARTNERS, LLC	LITTLE ROCK	$1.3B	+26.8%	Lower
GREENWOOD GEARHART, LLC	FAYETTEVILLE	$1.6B	+22.2%	Moderate
KERNODLE & KATON ASSET MANAGEMENT GROUP, LLC	SEARCY	$181M	+19.1%	Lower
BASS AND BELL, INC.	LITTLE ROCK	$875M	+16.0%	Lower
MACH-1 FINANCIAL GROUP, LLC	ROGERS	$417M	+15.3%	Lower
FOUNDATION RESOURCE MANAGEMENT, INC.	LITTLE ROCK	$918M	+13.3%	High

M&A Opportunity Signals

🎯

17Acquisition candidates

Firms with elevated/high succession risk and AUM $100M–$5B

📈

6Growing but vulnerable

Positive 3Y CAGR with high succession risk — attractive for acquirers

📉

3Mid-market shrinking

AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk

🔒 Top 25 Acquisition Targets — Ranked by Composite Score

Rank	Firm	AUM	Score
1	FOUNDATION RESOURCE MANAGEMENT, INC.	$918M	42.7
2	INDEPENDENT FINANCIAL ADVISORS, INC.	$134M	41.4
3	CORKERN BARRY M ADVISORY SERVICES INC	$162M	39.9
4	CLIENTFIRST WEALTH MANAGEMENT, LLC	$265M	38.7
5	THE ARKANSAS FINANCIAL GROUP, INC.	$861M	38.7
6	MILLENNIUM CAPITAL ADVISORS, LLC	$206M	37.2

🔒

Acquisition Target Rankings

Full ranked list of 25 acquisition targets with composite scores based on succession risk, growth trajectory, and peer benchmarking.

Methodology. This report covers SEC-registered investment advisers classified as wealth advisory firms (filter: is_wealth_advisory = true) headquartered in Arkansas. AUM figures are drawn from the most recent Form ADV filing. Succession risk tiers are computed using a proprietary 5-pillar model incorporating founder tenure, ownership concentration, AUM dependency, team depth, and filing recency. Growth CAGR is calculated from the three most recent annual filings where available. Acquisition scores blend succession risk (40%), AUM growth trajectory (35%), and national peer rank (25%). Data sourced from SEC EDGAR. This page is for informational purposes only and does not constitute investment advice.