by Ryan Nix
On March 11, Arvest Wealth Management announced its managed assets exceeded $13.2 billion dollars at the end of 2019. Arvest offers wealth management, investment, insurance services and trust across Arkansas, Kansas, Oklahoma and Missouri. Arvest also recorded nearly $70 million in revenue last year.
“2019 was a year focused on our ongoing commitment to addressing the changing landscape of our business,” Arvest Wealth Management president and CEO Jim King said. “While we made significant operational and system enhancements in 2019, our investment and trust advisors, through our discovery and financial planning process, continued to work with our customers to better understand their hopes, dreams and goals, and work to create an investment plan to help them achieve those goals.”
One of those enhancements is completing the first phase of moving to a new platform for customer and clearing, partnering with Pershing, a BNY Mellon company. According to Arvest executives, Pershing will allow for better online wealth management services for Arvest customers.
“We believe this move to Pershing will provide Arvest Wealth Management the technology platform from which we can deliver the most competitive investment and advisory products and services to our customers in new and different ways,” says King. “Pershing will also more seamlessly integrate our products and services into our bank’s digital infrastructure.”