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Arvest Wealth Management announced today a record-breaking year in terms of assets under management and revenue growth.
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. Its $15.9 billion in assets under management – as of year-end 2021 – was up from $14.4 billion year-over-year. Additionally, revenues were up from $69 million in 2020 to $87 million in 2021.
“More important than the numbers was the growth we saw in expanding our relationships with existing clients to more effectively meet their ever-changing financial needs,” Arvest Wealth Management president and CEO Jim King said. “We also saw significant growth in the number of Arvest Bank customers who began relationships with Arvest Wealth Management advisors. The ongoing pandemic continues to demonstrate the importance of the planning and advice our clients seek from our investment and trust advisors.”
King said Arvest Wealth Management will introduce a new digital platform later this year in an effort to engage with a new demographic of investors.
“We are excited because we want to provide our advisors the digital tools they need to engage with customers more effectively by embracing innovative digital channels that many consumers are expecting,” King said. “We are committed to reaching those who are in the early stages of investing and are more inclined to prefer digital services in their daily lives.
“Additionally, we remain committed to providing educational and informational content as market conditions and legislative changes demand. Many of these resources can be found at share.arvest.com/wealth.”
Arvest Bank is a community-based financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma via loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing, among other services. Total assets exceed $26 billion. Arvest combines a strong branch network, featuring more than 200 banking locations, with continued investments in digital banking as we strive to meet customers’ changing preferences and expectations. We are defined by our commitment to our communities and to attracting, hiring and retaining a diverse group of talented people. 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 a Deposit, Not Guaranteed by the Bank or its Affiliates, Not FDIC Insured, Not Insured by Any Federal Government Agency, May Go Down in Value. Trust services provided by Arvest Bank.