Top Financial Advisor Firms in Arkansas

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Greenwood Gearhart in Fayetteville leads off our list of the top financial advisors in Arkansas. The firm works primarily with individuals and high-net-worth individuals. The firm also serves institutions clients, including charities, pooled investment vehicles, businesses and retirement plans.

Greenwood Gearhart typically requires clients keep at least $1 million in assets under its management. Members of the Greenwood Gearhart team hold several different professional credentials, including the Certified Financial Planner™(CFP®) Chartered Financial Analyst (CFA) and certified private wealth advisor (CPWA) designations.

As a fee-only practice, advisors on staff do not sell insurance or other commission-based products. Instead, the firm's compensation comes solely from client-paid fees.

Greenwood Gearhart has been providing financial advisory services for nearly 40 years. Mary Ann Greenwood established it in 1982 but has since moved on from the firm. Today, its services may include investment advisory, financial planning, retirement planning, and, for qualifying clients, coordination of estate planning and personal tax services through third-party professionals. Family office services are generally offered to clients with $5 million or more under management, while clients with lower asset levels can access similar services on an a la carte basis.

The firm’s investment approach emphasizes a fundamental analysis of companies and securities, focusing on financial strength, competitive position, and management quality to identify attractively valued opportunities. Portfolios may include equity securities, preferred securities, corporate and municipal bonds, U.S. government securities, exchange-traded funds (ETFs), and, in some cases, mutual funds or private investment funds.

Asset allocation is customized to each client’s objectives, risk tolerance and constraints, with the goal of achieving long-term results while safeguarding capital. Greenwood Gearhart may also use options contracts for hedging purposes and offers access to alternative and private investments for qualified clients.

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Legacy Capital Wealth Partners is a fee-based financial advisor firm headquartered in Little Rock. The firm requires clients to maintain a minimum of $500,000 in assets under management. Most of the firm’s clients are individuals and high-net-worth individuals, although Legacy also works with charities, corporations, pension and profit-sharing plans. 

The firm provides financial planning, investment management and retirement plan advisory services. Its financial planning covers areas such as cash flow, retirement, estate, education savings and charitable giving. Investment management is offered on a discretionary or non-discretionary basis and may include collaboration with external managers.

The majority of the fees the firm charges clients are based on a percentage of their assets under management. However, the firm is fee-based, as certain advisors can receive commissions from securities transactions and insurance sales. Despite the potential conflict of interest that commission-based compensation may create, the firm's advisors are bound by fiduciary duty to act in clients’ best interests.

Although Legacy has been in business for more than four decades, it first registered with the SEC as an investment advisor in 2018. 

In February 2023 the firm opened an office in the northwestern part of the state staffed by new three advisors who had been managing $650 million at broker-dealer Arvest Wealth Management. Today, the firm has advisors on staff who hold the Certified Financial Planner™ (CFP®), Chartered Financial Analyst (CFA), certified public accountant (CPA), chartered financial consultant (ChFC), chartered alternative investment analyst (CAIA) designations. 

Legacy aims to get to know its clients and understand their financial situations, risk tolerance, investment goals, tax situations, liquidity constraints and more. Using this information, Legacy typically implements a long-term investing strategy that requires securities to be held for at least a year. 

Legacy primarily employs fundamental analysis and generally favors a long-term approach, though it may make shorter-term adjustments for rebalancing or liquidity needs. Portfolios are typically diversified across mutual funds, ETFs, alternative investments, individual stocks and bonds, and, when appropriate, external managers. The firm emphasizes customization, seeking to balance risk, tax considerations and wealth transfer goals within each client portfolio.

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Stephens Group Asset Management (SGAM) in Little Rock is a fee-only advisory practice founded in 2017. The firm provides investment management and advisory services for individuals, high-net-worth individuals, retirement plans, charities and businesses.

Its services include portfolio management, financial planning, fiduciary and non-fiduciary services for retirement plans, and consulting for plan sponsors. SGAM assists clients with asset allocation, portfolio construction and monitoring of investments. However, the firm states in its SEC documentation that it only offers financial planning services to certain clients. 

As a fee-only firm, SGAM earns compensation from advisory fees rather than commissions on securities or insurance sales. SGAM does not impose an account minimum.

SGAM employs two primary investment strategies. Its ETF model strategy builds portfolios of ETFs, guided by proprietary analysis of market conditions and long-term growth objectives. Its fixed income strategy focuses on investment-grade securities such as U.S. Treasuries, government agency bonds and corporate bonds, with duration management to reflect interest rate and inflation expectations. Both strategies emphasize disciplined research and risk-controlled portfolio construction.

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The Arkansas Financial Group is a fee-only financial advisory firm based in Little Rock that does not require a minimum investment to open a new account. The majority of clients are high-net-worth individuals, although the firm also works with individuals who do not have a high net worth, pension and profit-sharing plans, charities, trusts and corporations. 

The firm's advisors hold several certifications, including the Certified Financial Planner™ (CFP®), certified public accountant (CPA) and chartered financial consultant (ChFC).

The Arkansas Financial Group was formed in 1982 and registered as an investment advisor in 1985, making it one of the oldest firms on this list. Despite not having an account minimum, the firm charges a minimum investment management fee of $600 per year and a minimum annual "Core Fee" of $600 for financial planning. 

Its services typically include preparing customized wealth management reports, developing and monitoring investment policy statements, ongoing portfolio oversight and offering advice on estate, tax and insurance matters when requested.

The Arkansas Financial Group believes that an individualized approach is necessary to successfully manage client portfolios. As a result, the firm pays close attention to a client's needs from the outset. During introductory conversations, the client and their advisor will discuss risk tolerance, financial objectives, time horizon and any specific investment needs they might have.

The client's assets will then be allocated among ETFs, mutual funds and individual bonds. The firm may invest in individual equities if the client requests it. The firm will reevaluate the portfolio at the beginning of each quarter to ensure that its investments are on track. If it’s not, the firm may adjust its strategy.

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Cabana Asset Management, founded in 2007, is a fee-based advisory firm located in Fayetteville. Advisors on staff may earn commissions when selling insurance, which constitutes a conflict of interest. While advisors have a financial incentive to make certain recommendations over others, the firm is required to act in clients' best interests as a fiduciary. 

Cabana works primarily works with individual investors who do not have a high net worth. However, the firm also serves high-net-worth individuals, retirement plans, other advisory firms and institutional clients. 

The firm provides discretionary and non-discretionary portfolio management, retirement plan advisory and standalone financial planning services. Areas of support include portfolio construction, retirement plan rollovers and broader financial planning needs. Cabana does not impose a stated account minimum, though some services require prepayment of planning fees.

Cabana’s investment approach centers on its proprietary Cyclical Asset Reallocation Algorithm (CARA), a rules-based system that dynamically reallocates across asset classes to manage risk and reduce downside exposure. Portfolios are built using Cabana-managed ETFs, separately managed accounts and collective investment trusts (CITs). CARA considers economic cycles, earnings data and market conditions, aiming to keep clients invested while adapting allocations to changing environments. The process emphasizes a top-down, disciplined approach designed to reduce emotional decision-making and maintain consistent exposure to growth opportunities.

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Cornerstone Advisors in Fayetteville is one of the newest firm on this list, having been founded in 2023. Cornerstone provides investment management, pension consulting and financial planning services tailored to individual goals and circumstances. The firm assists clients with creating investment policy statements, asset allocation, portfolio monitoring and risk management. It also provides financial planning on areas such as retirement, education, insurance, tax concerns and debt management. 

The firm's client base is exclusively composed of individuals and high-net-worth individuals, although Cornerstone does offer services to pension and profit-sharing plans, as well as business entities. There is no account minimum.

Cornerstone Advisors has a fee-based compensation model, meaning some of its advisors may be licensed insurance agents who can earn commissions from insurance sales, which creates a potential conflict of interest. However, the firm has a fiduciary duty to act in your best interests. 

Investment strategies are guided by a mix of fundamental, technical and quantitative analyses, as well as modern portfolio theory. These approaches allow the firm to assess company financials, identify market patterns evaluate economic cycles and apply statistical models when building portfolios. Together, they are intended to balance risk and return while tailoring investments to client objectives.

Portfolios may include mutual funds, equities, fixed income securities, ETFs, annuities and precious metal-related ETFs. The firm employs both long- and short-term trading, as well as options and margin strategies.

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Lathrop Investment Management Corp. (LIMC) in Little Rock has a client base of individuals and high-net-worth individuals, as well as some pension and profit-sharing plans, charitable organizations and businesses.

As a fee-only firm, Lathrop charges a minimum annual fee of $5,000. Advisors do not make money from commissions for selling securities or insurance products to clients. LIMC has several Chartered Financial Analysts (CFAs) on staff. 

Founded in 1981 by Gregory C. Lathrop, LIMC has a longer track record than any other firm on this list.  While Lathrop has since passed away, the firm continues to provide investment advice, portfolio management and separately managed accounts.

Its investment approach relies on fundamental analysis, considering factors like earnings growth, cash flow and financial strength, supported by independent research. Portfolios are constructed primarily with U.S. company stocks that provide global exposure, high-quality bonds and cash equivalents such as money market funds and certificates of deposit. ETFs may be used when accounts are too small for broad diversification with individual securities.

Most portfolios hold 30 to 40 companies across industries and geographies, and bonds are selected with attention to credit quality, tax considerations and client-specific objectives. LIMC emphasizes diversification, ongoing monitoring, rebalancing and tax efficiency to manage risk while pursuing long-term growth.

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Meridian Investment Advisors, another fee-only firm in Little Rock, has an advisory team that holds the Certified Financial Planner™ (CFP®), Chartered Financial Analyst (CFA) certified public accountant (CPA) designations.

The firm works with both individuals and high-net-worth individuals. It requires clients to keep at least $500,000 under management. Meridian also has institutional clients, including pension and profit-sharing plans, charitable organizations, state or municipal government entities and other corporations.

Meridian's fees are all based on a percentage of assets under management. Its advisors do not earn commissions for selling securities or insurance products, unlike some advisors at fee-based firms. 

Meridian is among the oldest firms on our list. Founded in 1983, Meridian helps clients define financial goals, establish investment strategies and construct tailored portfolios. Its services also include retirement plan consulting for defined contribution plans, ongoing oversight of third-party managers and personalized portfolio reviews.

Meridian’s investment philosophy emphasizes matching asset allocation with client risk profiles to achieve long-term objectives. Portfolios typically include common stocks chosen through fundamental analysis, U.S. Treasuries, government agency bonds, corporate bonds, municipal bonds, mutual funds and ETFs. The firm may also recommend direct indexing strategies and selectively invest in international securities. Its approach is focused on constructing diversified portfolios designed for growth of capital while managing risks tied to market, economic, and interest rate conditions.

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Hexagon Capital Partners, located in Rogers, is a fee-based firm that has revenue mainly coming from advisory fees charged as a percentage of clients’ assets under management. However, because several Hexagon Capital advisors are also licensed insurance agents and may be compensated for selling insurance products to clients, the firm is considered fee-based. Despite the conflict of interest that commissions can create, Hexagon Capital is a fiduciary and must act in its client's best interests. 

As for Hexagon Capital’s client base, it comrpises individuals, high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and corporations. The team at Hexagon Capital includes at least two certified investment management analysts (CIMAs). There is no minimum account size requirement.

Founded in 2019, Hexagon Capital specializes in portfolio management, financial planning, as well as independent manager selection. Its financial planning offerings include business planning, cash flow forecasting, trust and estate planning, insurance planning, charitable giving and other options.

Hexagon Capital conducts fundamental, technical, cyclical and charting methods of analysis when conducting investment research. The firm primarily allocates client assets among mutual funds, ETFs and independent investment managers. Some accounts may also include individual debt and equity securities or options. Investment strategies include long-term purchases, short-term purchases, as well as strategic asset allocation.

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Mustard Seed Wealth Management, No. 10 on our list of the top firms in Arkansas, has a client base primarily composed of individuals without a high net worth. However, the firm also works with high-net-worth individuals, charitable organizations as well as pension and profit-sharing plans. Mustard Seed does not have a minimum account size requirement, but does charge a minimum annual fee of $2,000 on a quarterly basis.

The firm's advisory team includes designations such as Certified Financial Planner™ (CFP®), certified public accountant (CPA) and chartered retirement plans specialist (CRPS). As a fee-only firm, Mustard Seed's revenue comes from the advisory fees that clients pay, not commissions from selling third-party products and services. 

Based in Magnolia, Mustard Seed was founded in 2002 by J. David Ashby, a former college professor, and one of his former students, Darla Williams. The firm has additional offices in Arkansas in El Dorado and Hope, as well as locations in Texarkana, Texas, and Monroe, Louisiana. 

Today, Mustard Seed offers a variety of services to individual clients and businesses, including:

• Comprehensive financial planning
• Portfolio design and management
• Retirement planning
• Estate planning
• Tax planning for individuals and businesses
• Educational funding
• Insurance and risk assessment
• Investment planning
• Business succession planning
• Employee benefits

Mustard Seed advisors work with clients to develop investment objectives and individual risk profiles. This involves examining a client's risk tolerance and time horizon. The firm's investment strategies are based on the principles of modern portfolio theory, which seeks to maximize returns while limiting risk. 

The firm uses custom and commerical software to make asset allocation decisions. It typically recommends low-cost mutual funds and ETFs, as well as individual bonds. However, Mustard Seed does not limit its investment advice to these assets alone. The firm can manage portfolios on either a discrionary and non-discretionary basis.