Simmons, Stephens Dominates Trio of Money Lists

by Gwen Moritz  on Monday, Sep. 21, 2009 12:00 am  

Money Managers
The annual money managers list is also dominated by Stephens Inc. affiliates, with Stephens Capital Management holding the No. 1 position by a mile and Stephens Investment Management Group LLC at No. 5.

Money managers on the list are registered investment advisers, and they are ranked by assets under management as declared in the most recent Form ADV filed with the Securities & Exchange Commission.

RIAs generally file ADVs once a year, although there is no set schedule. Arkansas Business omits RIAs whose most recent ADVs are more than 15 months old, but some of the asset totals date from late 2008, while others are only a few weeks old and could be expected to have benefitted from the recent rebound in stock prices.

With $2.75 billion in assets under management, Stephens Capital Management is more than twice as large as its nearest competitor, $1.29 billion Foundation Resource Management Inc. of Little Rock. But even that figure, filed Sept. 3, is off from the $2.9 billion that Stephens Capital reported in October 2008.

Arvest Asset Management of Lowell maintains its position at No. 3. It disclosed its $443 million figure in March, a huge drop from the $648.6 million it reported in July 2008.

Stephens Investment Management Group stayed at No. 5, but the money managers on either side of it changed places. Sowell Management Group of North Little Rock, which was No. 6 last year with $391 million under management in January 2008, moved to No. 4 with a nearly identical $388 million in March 2009.

Meanwhile, Forest Hill Capital Inc. of Little Rock, which was at No. 4 with $403 million under management in March 2008, dropped to No. 6 with $301 million a year later.

 

 

Please read our comments policy before commenting.