Natural State News

The recent merger of Arkansas-based Legacy Capital Wealth Partners and Trent Capital Management into Legacy Capital has created one of the largest independent Registered Investment Advisory firms in the state.

The new firm, headquartered in Little Rock, will have approximately $525 million in assets under management and advisement, as well as in-force life insurance of approximately $2.5 billion, according to a company press release.

"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," Matt Jones, Legacy Capital president, said in the release. "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."

David Trent founded Trent Capital Management in 1996, according to the release. He said the merger has energized him and encouraged his anticipation of further growth for the company and its clients.

"TCM and Legacy both have long histories of outstanding service to our clients,” Trent said in the release. “I have known Legacy's president, Matt Jones, personally and professionally for over 20 years and have tremendous respect for the organization and clientele that he and Jason Prather have built. We are all incredibly excited about the integration of our teams and the synergies this merger has created."

Jones said that the combined teams of Legacy Capital will focus on building a wealth management firm that is the region’s most sophisticated, according to the release.

"We believe we have built a unique organization for high-end advisors who desire a truly independent and locally managed wealth management firm with a culture focused on putting the clients' interests first,” Jones said in the release. “We will remain a client-focused firm run by advisors and for advisors and their clients."