Merger Moves Raymond James Up Brokers List

by Gwen Moritz  on Monday, Sep. 17, 2012 12:00 am  

The list of money managers on Pages 21-23 indicates the ADV filing date for each company; one was as long ago as January, the most recent was filed Aug. 28.

Even Stephens files ADVs at different times. Stephens Investment Management Group, the mutual fund division of Stephens Capital Management that ranks No. 3 on the list, filed its report in March. At that time, it had assets under management of $933.2 million, but Simpson indicated that it had grown since then.

Double-digit growth in assets under management is not uncommon on the list. No. 4 Arvest Asset Management reported $793.5 million in March 2012, up more than 11 percent since July 2011. Forest Hill Capital LLC, No. 5 last year and this, crossed the half-billion-dollar mark; its $533.2 million under management was an increase of almost 16 percent between March 2011 and March 2012.

Trust Departments
This week Arkansas Business also ranks the state's 44 trust departments (Pages 24-26) by total trust assets as of Dec. 31, 2011, as reported to the Federal Deposit Insurance Corp.

The three top positions are held by Simmons First Trust Co. of Pine Bluff, a subsidiary of Simmons First National Corp.; Arvest Trust Co. of Rogers, part of the Arvest Bank Group of Bentonville; and Bank of the Ozarks of Little Rock.

Metropolitan National Bank and First National Bank of Fort Smith, Nos. 4 and 5 last year, have switched places, although both suffered double-digit declines in trust assets during calendar 2011.

Although it bumped up only one spot, to No. 7, Delta Bank & Trust enjoyed growth of nearly 65 percent in its trust assets.

 

 

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