Two Arkansas wealth management firms have merged to form Legacy Capital.
Legacy Capital Wealth Partners and Trent Capital Management, both independent firms, merged on Thursday, Dec. 31, 2020. Under the merger, the new Registered Investment Advisory firm will hold more than $525 million in assets in management and in-force life insurance of more than $2.5 billion.
“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,” president Matt Jones, JD, CFP, said in a statement. “With this merger and the integration of David Trent and the great team that he has built, I believe we have created an organization that will provide the highest level of service and advice to the affluent and ultra-affluent in our state and region.”
The firm will house an in-house financial and estate planning team consisting on two non-practicing CPAs, two non-practicing attorneys and two CFPs, as well as an in-house life insurance and disability division with a full-time medical underwriter.
Legacy Capital is headed by Jones and Jason Prather. The firm, originally part of the Legacy Capital Group has served as a wealth management and risk management firm since 1977. Trent Capital Management was founded by David Trent in 1996 and is an SEC Registered Investment Advisory firm.
“Combining resources positions us to thrive and grow beyond the careers of the founders and current owners/leaders to serve our clients and families for generations to come,” Trent said “We have spent many hours over the last few months with Legacy’s team and truly feel this is a BIG win for both of our firms’ clients as well as our existing and future advisors.”
The merged company will be based in Little Rock.
Image of Matt Jones courtesy of Legacy Capital