Legacy Capital Wealth Partners and Trent Capital Management, two independent, Arkansas-based wealth management firms, have merged to form one of the largest independent Registered Investment Advisory firms in the state.
The merged firm, which will have over USD525,000,000 in assets under management and advisement and in-force life insurance of over USD2.5 billion, will be known as Legacy Capital. Headquarters will remain in Little Rock. The merger became official on 31 December, 2020.
Legacy Capital, an SEC Registered Investment Advisory firm, has since 1977 provided comprehensive wealth management services to individuals and families, including financial planning, asset management, legacy and estate planning as well as insurance solutions. Trent Capital Management, Inc. (TCM), is an SEC Registered Investment Advisory firm founded by David Trent 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,” says President Matt Jones, JD, CFP. “With this merger and the integration of David Trent and the great team that he has built, I believe we have created an organisation that will provide the highest level of service and advice to the affluent and ultra-affluent in our state and region.”
“This merger has energised me and convinced me more than ever that we are poised to continue to grow and add even greater value to our loyal clients,” says David Trent. “TCM and Legacy both have long histories of outstanding service to our clients. I have known Legacy’s President, Matt Jones, personally and professionally for over 20 years and have tremendous respect for the organisation and clientele that he and Jason Prather have built. We are all incredibly excited about the integration of our teams and the synergies this merger has created.”
“With the merger, we have increased our focus on building the region’s most sophisticated wealth management firm – one that will also attract other client-focused advisors who are looking for a better alternative to how they serve their clients,” adds Jones. “We believe we have built a unique organisation for high-end advisors who desire a truly independent and locally managed wealth management firm with a culture focused on putting the clients’ interests first. We will remain a client-focused firm run by advisors and for advisors and their clients.”