Arvest Wealth Management Tops Revenue Record

Thursday, March 14 at 09:00 AM
Category: Arvest News

Arvest Wealth Management announced today that it produced record revenue in 2018, the second consecutive year it has done so.

Arvest Wealth Management, which offers wealth management, trust, investment, and insurance products and services, has investment and trust advisors throughout Arvest Bank’s four-state footprint. It recorded revenue of $71.4 million in 2018, up from $65.2 million in 2017. Additionally, Arvest Wealth Management reported total assets under management of more than $12 billion as of Dec. 31, 2018.

“Our 2018 success reflects our ongoing commitment to building deeper customer relationships,” Arvest Wealth Management president and CEO Jim King said. “Our investment and trust advisors, through our discovery and financial planning process, 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.”

Additionally, after a lengthy due diligence process, Arvest Wealth Management recently announced its intention to consolidate its clearing and custody relationships with one firm – Pershing, a BNY Mellon company. That consolidation and conversion is scheduled for later this year.

Arvest Wealth Management is excited about the move to Pershing and believes it will allow for better integration of wealth management services into the Arvest Bank online and digital platforms and provide a better customer experience.

“We believe this move to Pershing will allow Arvest Wealth Management to provide the most competitive investment and advisory products and services to our customers, and to more seamlessly integrate our products and services into our bank’s digital infrastructure,” King said.

About Arvest Bank
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.

About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.

Tags: Arvest, Arvest Wealth Management
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