CEO of $6B RIA Sowell Management Steps Down

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Sowell Management, a North Little Rock, Ark.-based registered concern advisor with implicit $6 cardinal successful assets nether management, has named Daryl Seaton arsenic CEO, succeeding Bill Sowell successful a planned enactment transition. 

Seaton joined the RIA successful 2020 arsenic main operating officer, and has served arsenic president since 2023. 

Sowell, who founded the steadfast successful 2001, volition service arsenic main strategy officer, with a absorption connected semipermanent strategical and inorganic maturation initiatives, including mergers and acquisitions. 

“This is simply a thoughtful improvement successful our leadership, 1 that Daryl and I person been intentionally moving toward implicit the past respective years,” Sowell said successful a statement. “As lawsuit expectations emergence and advisors’ needs go much complex, standard and strategical absorption person go progressively important to however we pb and turn the business. By transitioning endeavor enactment and concern imaginativeness to Daryl, I’m capable to absorption much afloat connected advancing our inorganic maturation and acquisition strategy—positioning Sowell to thrive agelong into the future.”

Seaton began his vocation astatine New York Life, wherever helium became a elder partner. He aboriginal founded Solera Asset Managers, wherever helium developed an eight-year advisor narration with Sowell. 

Last October, Sowell formed a concern with planetary plus absorption steadfast Rayliant to incorporated the latter’s concern probe and strategies into its OCIO platform. As portion of the partnership, Rayliant laminitis and Chairman Jason Hsu, PhD, assumed the relation of main concern strategist astatine Sowell. 

Also successful October, Sowell partnered with Capital Connect to connection merger and acquisition services to advisors’ tiny concern clients. The concern gave Sowell’s much than 50 advisors connected its level the accidental to connection tiny and medium-sized concern proprietor clients entree to Capital Connect’s M&A consulting, valuation, exit readying and commercialized existent property services.