Simmons First Investment Group, Inc. (Little Rock)

Name: Simmons First Investment Group, Inc.
Address: 11700 Cantrell Road, Little Rock, AR, 72223
Telephone: 501-907-2297

Simmons First Investment Group, Inc. is a large advisory firm based in Little Rock. It manages $204.73 million of regulatory assets for 868 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Arkansas, California, and 20 other states.

Simmons First Investment Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Simmons First Investment Group: assets under management

The assets under management (AUM) of Simmons First Investment Group, Inc. is $204.73 million. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.19 million in discretionary accounts and $105.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $203.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $277.02 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Simmons First Investment Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James David Alger serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James David Alger is high net worth individuals with 283 clients and $133 million of assets under management. Among the 7 most similar advisory firms, Simmons First Investment Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $204.73 million for 868 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Simmons First Investment Group doesn't advise any private funds.

Careers at Simmons First Investment Group, Inc.

The company employs 26 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James David Alger has been acting as President since 1 Oct 2014. Angela Leigh Johnson joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James David Alger	President/coo - retail	1 Oct 2014	Other	1340657
Simmons Bank	100% owner	1 Oct 2014	75% - 100%	71-0162300
Richard Wayne Johnson	President/cco -institutional division	1 Dec 2014	Other	260111
Harold L. Thomas	Sr. vice president/cco	1 Dec 2014	Other	1855985
Joe Winters Iii Clement	Director	1 Dec 2014	Other	1305699
Harold Lloyd Thomas	Sr. vice president/cco	1 Dec 2014	Other	1855985
Fred Gary Eason	Chairman of board	1 May 2015	Other	500383
Victor Manuel Castro	Director	1 May 2015	Other	6528864
Philip Andrew Tappan	Director	1 Jun 2015	Other	1197696
Jimmy Burton Hicks	Director	1 Feb 2016	Other	5069270
James David Alger	Svp cco	1 Jan 2017	Other	1340657
Richard Wayne Johnson	Director	1 Jan 2017	Other	260111
Jimmy Burton Hicks	President & ceo	1 Jan 2017	Other	5069270
Marty Dale Casteel	Director	1 Apr 2017	Other	xxx-xx-xxxx
Angela Leigh Johnson	Chief financial officer	1 May 2017	Other	5389137
Robert A Fehlman	Director	1 May 2017	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Simmons First National Corp.	Shareholder	1 Aug 2003	75% - 100%	71-0407808

Based in Little Rock

The principal office where Simmons First Investment Group, Inc. performs its advisory services is located at 11700 Cantrell Road, Little Rock, AR 72223 The mailing address of the firm is 11700 Cantrell, Little Rock, AR 72223. An additional office of the firm is in Rogers, AR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 501-907-2297 or by fax 501-907-2294. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at simmonsfirst.com/investment.