Two Little Rock wealth management firms are joining forces. Legacy Capital Wealth Partners and Trent Capital Management announced they will merge, creating a firm with more than $525 million in assets. Financial terms of the private deal were not disclosed.
The merged company will be called Legacy Capital. The merger became official on December 31, 2020.
Started in 1977, Legacy Capital provides comprehensive wealth management services to individuals and families, including financial planning, asset management, legacy and estate planning as well as insurance solutions. Trent Capital Management, Inc. was founded by David Trent in 1996.
“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,” said President Matt Jones. “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.”
“This merger has energized me and convinced me more than ever that we are poised to continue to grow and add even greater value to our loyal clients,” said David Trent. “TCM and Legacy both have long histories of outstanding service to our clients. 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.”
The combined companies will boast a team of 19 professionals and support staff that will have combined assets under management and advisement of over $525 million and in-force life insurance of over $2.5 billion.
“With the merger, we have increased our focus on building the region’s most sophisticated wealth management firm – one that will also attract other client-focused advisors who are looking for a better alternative to how they serve their clients,” said Jones. “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. We will remain a client-focused firm run by advisors and for advisors and their clients.”
“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,” said Trent. “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.”