North Little Rock, Arkansas-based RIA Sowell Management announced the start of a strategic partnership with Prospect, Kentucky-based business brokerage and commercial real estate firm Capital Connect to provide advisors with M&A consulting, as well as valuation, commercial real estate and exit services for clients who own small and medium-sized businesses and are considering a sale, strategic partnership or acquisition.
“Our goal is to provide the best possible services for our advisors, and that often involves partnering with elite firms from across the financial services industry,” said Bill Sowell, CEO of Sowell Management. “Since nearly all of our advisors have small-business-owner clients with unique and complex needs, partnering with Capital Connect, a leading M&A specialist, allows our advisors to provide the full spectrum of services these clients deserve.”
According to Sowell, by having M&A expertise available in their network, clients can maintain their relationships with advisors throughout the entire lifecycle of their businesses.
Clients can maintain their relationships with advisors throughout the entire lifecycle of their businesses.
“Most business owners have never been involved with buying or selling a business,” said Matt Wilson, Partner, Capital Connect. “It can be a complicated process, and if not done correctly, it can be extremely costly in terms of money left on the table, tax issues, and improper estate and succession planning. By combining our small business expertise with Sowell’s wealth management and financial planning prowess, we will be able to help clients before, during, and after a transaction.”
Bill Sowell added, “The level of service that Capital Connect will enable us to offer business-owner clients is unique in the RIA space. It’s a level of expertise more common in family office practices, but it is part of the holistic approach to client relationships that RIAs must adopt to succeed in a competitive marketplace.”
This is the second strategic partnership for the $6 billion RIA in as many weeks. Earlier this month, Sowell announced a partnership with Rayliant, a global asset management firm, to expand its Outsourced Chief Investment Officer platform.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at michael.madden@wealthsolutionsreport.com.
