Sowell Management of North Little Rock has named Daryl Seaton president of the private investment advisory firm.
Seaton, previously the firm's chief operating officer, takes over as president for Bill Sowell. Seaton will continue to oversee day-to-day operations but will take a larger role in strategizing the company's growth initiatives.
Sowell will remain CEO of the firm, which has grown from $537 million to $4.4 billion in assets under management and administration over the past five years. Sowell said in a news release that with Seaton's help, he expects the firm's assets to grow to $10 billion in the coming years.
Seaton joined the firm in May 2020. He was previously CEO of Solera Asset Managers LLC of Roseville, California, a firm he founded, according to the release. Before that, Seaton was the senior partner of the northern California office of New York Life Insurance.
“Daryl is forward-focused and knows what it takes to get to the next level," Sowell said in the release. "He has a passion for people and our industry, combined with an unwavering commitment to service, innovation and process."
Sowell said Seaton also brings a focus on team development and growth to the position.
“I’m proud of the trust the company has in me," Seaton said, "and I’m looking forward to continuing to work with the Sowell team members to set the bar high, ensuring we exceed the expectations of our advisors every single day."
The headline in a previous version of this story erroneously referred to Sowell Management as Howell Management.