Two Little Rock wealth management companies announced Monday that they have merged.
Legacy Capital Wealth Partners and Trent Capital Management said their merger makes them one of the largest independent registered investment advisory firms in the state.
The merged firm will have more than $525 million in assets under management and in-force life insurance of more than $2.5 billion. The combined company will be known as Legacy Capital.
The merger was official on Dec. 31. Legacy Capital was founded in 1977; Trent Capital was founded in 1996.
"This is a significant positive event for all of our clients and advisors as well as for all of the dedicated people who make up our Legacy Capital team," President Matt Jones said in a news release. "With this merger and the integration of David Trent and the great team that he has built, I believe we have created an organization that will provide the highest level of service and advice to the affluent and ultra-affluent in our state and region."
Trent noted the company's long histories of client service.
"I have known Legacy's President, Matt Jones, personally and professionally for over 20 years and have tremendous respect for the organization and clientele that he and Jason Prather have built," he said. "We are all incredibly excited about the integration of our teams and the synergies this merger has created."