A Little Rock wealth management firm that has operated under Raymond James is going independent this summer.
The group, which has $1 billion in assets under advisement, has formed a new registered investment adviser with the U.S. Securities & Exchange Commission, TMB Capital Partners LLC.
The three cofounders and principals are Scott Tabor, who is also the firm’s chief compliance officer, Ben Bailey and William McMillan.
The move will allow the firm to offer clients more flexibility when it comes to custodians. While the firm will continue to use Raymond James as a custodian at the start, it will become a multi-custodian firm.
The six-member team has operated as TMB Capital Partners of Raymond James. Its offices are at 2226 Cottondale Lane in Little Rock.
According to the firm’s initial SEC filings, it offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses and retirement plans. And it generally does not impose a minimum relationship size.
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