The Arkansas Financial Group, Inc. (Little Rock)


The Arkansas Financial Group, Inc. is a large advisory firm based in Little Rock. It manages $467.14 million of regulatory assets for 1,278 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arkansas, California, Florida, and 4 other states.

The Arkansas Financial Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Arkansas Financial Group: assets under management

The assets under management (AUM) of The Arkansas Financial Group, Inc. is $467.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 234% since the beginning of its operation, and $1.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $467.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $365.53 thousand each.
The Arkansas Financial Group has custody of $23.18 million in cash and securities for 97 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Arkansas Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cynthia Lynne Conger serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cynthia Lynne Conger is high net worth individuals with 144 clients and $393.65 million of assets under management. Among the 11 most similar advisory firms, The Arkansas Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $458.41 million for 294 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

The Arkansas Financial Group doesn't advise any private funds.

Careers at The Arkansas Financial Group, Inc.

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Cynthia Lynne Conger has been acting as President since 1 Nov 1984. John Ralph Broadwater joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Fredrick Earl Adkins Chief executive officer 1 Jun 1982 50% - 75% 874537
Cynthia Lynne Conger President 1 Nov 1984 25% - 50% 1203931
John Wayne Kelley Chief compliance officer 1 Jul 2001 Other 4512470
Kristina Kathleen Bolhouse Vice president / secretary / chief compliance officer 1 Jun 2005 25% - 50% 4345755
John Ralph Broadwater Vice president 1 Jan 2009 Other 2962501

Based in Little Rock

The principal office where The Arkansas Financial Group, Inc. performs its advisory services is located at 1001 N. University Ave., Little Rock, AR 72207 6366 The mailing address of the firm is P.O. Box 7757, Little Rock, AR 72217 7757. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 501-376-9051 or by fax 501-376-6356. The normal business hours are 8:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at arfinancial.com.