Brokers, Money Managers, Trust Departments Ranked

by Gwen Moritz and Mark Friedman  on Monday, Sep. 27, 2010 12:00 am  

This issue also includes the second annual list of trust departments in Arkansas.

The top two spots are occupied by Simmons First Trust Co., the trust division of Simmons First National Corp. of Pine Bluff, and Arvest Trust Co. of Rogers, which is the trust division of Arvest Bank Group of Bentonville. Both trust departments reported hefty growth in assets - 17 percent by Simmons and 22 percent by Arvest - between the end of 2008 and the end of 2009.

No. 3 on the list this year is Bank of the Ozarks Inc. of Little Rock, which grew its trust assets by almost 38 percent in a single year to $867.5 million and overtook Metropolitan National Bank of Little Rock, where a small decrease in assets meant a drop to No. 4.

All 47 trust departments on the list are divisions of commercial banks, with the exception of Community First Trust Co. of Hot Springs, which is a stand-alone trust company. Its totals include trust assets outsourced by FirsTrust Financial Services Inc., a subsidiary of Home BancShares Inc. of Conway.

A Virginia investment advisory firm announced last week that it plans to open a Little Rock office.

A locally familiar face, John Clayton, will lead the expansion by Anderson Strudwick Inc. of Richmond, Va. Clayton joined Anderson Strudwick last month as managing director of its private client group.

Clayton, a Harding University graduate who started his career as an accountant with Russell Brown & Co. of Little Rock (later Ernst & Young), said he would live in Richmond but would be involved in setting up Anderson Strudwick's 22nd office.

No office space has been picked out, Clayton said last week, although he expects to lease in west Little Rock. No local brokers or advisers have been hired, he said.

The official announcement said Clayton was "recruiting a full brokerage investment team to begin serving investors within the next six to nine months."



Please read our comments policy before commenting.