The Arkansas Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
The Arkansas Financial Group reports 367 clients. They include 248 high-net-worth individuals and 119 individual clients. Of its assets, 100.0% ($971M across 1,661 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 7% |
| High-net-worth individuals | 68% | 92% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
| Other client typesOther | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 119 | $64.8M | 6.7% | $544K |
| High-net-worth individuals | 248 | $893M | 92.0% | $3.6M |
| Pension and profit-sharing plans | Fewer than 5 | $4M | 0.4% | — |
| Charitable organizations | Fewer than 5 | $5.5M | 0.6% | — |
| Corporations and other businesses | Fewer than 5 | $1.77M | 0.2% | — |
| Other | Fewer than 5 | $1.81M | 0.2% | — |
| Total | 367 | $971M | 100% | — |
- Clients
- 119
- Regulatory AUM
- $64.8M
- AUM share
- 6.7%
- Avg. per client
- $544K
- Clients
- 248
- Regulatory AUM
- $893M
- AUM share
- 92.0%
- Avg. per client
- $3.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $4M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $5.5M
- AUM share
- 0.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.77M
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.81M
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 367
- Regulatory AUM
- $971M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
The Arkansas Financial Group charges 0.25%–0.90% a year for its Investment management fee. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Core financial planning fee
- Annual fixed fee set from billable hours, at hourly rates of $50 to $350, with a minimum annual fee of $600 or $150 per quarter.
Kristina Bolhouse owns 25% to 50% of The Arkansas Financial Group. Fredrick Adkins is CEO; the leadership team includes President Kristina Bolhouse, Chief Investment Officer John Broadwater and Chief Compliance Officer Mary McCraw. It has 11 employees, 5 of them in advisory roles.
Leadership
Fredrick AdkinsChief Executive Officer
Kristina BolhousePresident
Mary McCrawChief Compliance Officer
John BroadwaterChief Investment Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 11 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of The Arkansas Financial Group, Inc.
Kristina Bolhouse
Control person · since December 2024
- Owns 25% to 50% of The Arkansas Financial Group, Inc.
John Broadwater
Control person · since January 2009
- Owns 10% to 25% of The Arkansas Financial Group, Inc.
Fredrick Adkins
Control person · since June 1982
- Owns 10% to 25% of The Arkansas Financial Group, Inc.
Mary McCraw
Control person · since March 2021
The Arkansas Financial Group’s regulatory assets grew 1.5× from $638M (March 2021) to $971M (September 2026); clients rose from 299 to 367 and employees from 9 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $971M | 367 | 11 | 1 |
| March 2025 | $861M | 350 | 11 | 1 |
| March 2024 | $755M | 338 | 10 | 1 |
| March 2023 | $667M | 327 | 9 | 1 |
| April 2022 | $744M | 308 | 9 | 1 |
| March 2021 | $638M | 299 | 9 | 1 |
Besides its headquarters, The Arkansas Financial Group has 0 offices, with 1 listed address in Arkansas.
Arkansas · 1 listed address
- 1001 N. University Ave., Suite 200, Little RockHQ
Contact and registration details
- Legal name
- The Arkansas Financial Group, Inc.
- Headquarters
- 1001 N. University Ave., Suite 200, Little Rock, AR 72207-6366
- Website
- arkansasfinancial.com
- Phone
- 501-376-9051
- SEC file
- 801-23922
- Founded
- 1982
- Structure
- Arkansas corporation
- Fiscal year end
- December
The Arkansas Financial Group uses Fidelity ($893M) as custodian for its separately managed accounts. The Arkansas Financial Group has custody of $153M in client assets for 165 clients.
- FidelityNational Financial Services LLC · Smithfield, RI · $893M100%
At year end, The Arkansas Financial Group’s separately managed accounts were mostly in funds (90%). Its reported 13F holdings for the quarter ended 30 June 2026 total $768M across 97 positions; the largest are State Str SPDR Dow Jones Ind (14.5%), iShares TR (9.0%) and Vanguard Index Fds (6.3%).
What the accounts hold
- Stocks2%
- Funds90%
- Bonds2%
- Cash3%
- Other3%
- Cds, fixed annuities, unit investment trusts, variable annuity sub-accounts, u.s. government/agency bonds and investment grade corporate bonds3%
Reported 13F holdings
- $768M
- Reported 13F value
- 97
- Positions
- 61.5%
- In the 10 largest
- +7.1%
- Value vs. prior quarter
- State Str SPDR Dow Jones Ind · UT Ser 114.5%
- iShares TR · Core S&P Mcp ETF9.0%
- Vanguard Index Fds · Mid Cap ETF6.3%
- Invesco Qqq TR · Unit Ser 16.3%
- iShares TR · Core S&P500 ETF6.2%
- SPDR Series Trust · ST Shor Corp. ETF5.8%
- iShares TR · Ishs 1-5yr Invs4.0%
- SPDR Series Trust · ST Str Corpo ETF3.6%
- iShares TR · Ishs 5-10yr Invt3.1%
- iShares TR · 0-5 YR Tips ETF2.6%
Together, the ten largest are 61.5% of reported value.
How many clients does The Arkansas Financial Group have?
The Arkansas Financial Group has 367 clients and manages $971 million for them, as of September 2026. They include 248 high-net-worth individuals and 119 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 September 2026
What services does The Arkansas Financial Group offer?
The Arkansas Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does The Arkansas Financial Group charge?
The Arkansas Financial Group charges 0.25%–0.90% a year for its Investment management fee. The fee is billed in advance and is negotiable.
Which custodians does The Arkansas Financial Group use?
The Arkansas Financial Group’s separately managed account assets are held at National Financial Services LLC (Smithfield, RI), with $893M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 September 2026
How many financial advisors does The Arkansas Financial Group have?
The Arkansas Financial Group has 5 investment adviser representatives registered with state securities authorities, out of 11 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does The Arkansas Financial Group invest in?
At the end of its last fiscal year, The Arkansas Financial Group’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents, 3% other, 2% exchange-traded equities and 2% state and local bonds. The 3% other category is described as: CDS, Fixed Annuities, Unit Investment Trusts, Variable Annuity Sub-Accounts, U.S. Government/Agency Bonds and Investment Grade Corporate Bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Arkansas Financial Group?
The Arkansas Financial Group’s direct owners are Fredrick Adkins, Kristina Bolhouse, John Broadwater and Mary McCraw, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 4 September 2026
How does The Arkansas Financial Group get paid?
The Arkansas Financial Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is The Arkansas Financial Group registered with the SEC?
Yes, The Arkansas Financial Group has been registered with the SEC as an investment adviser since 17 April 1985. Its CRD number is 104808 and its SEC file number is 801-23922.
Source: Form ADV Part 1A, Item 1, filed 4 September 2026; IAPD firm record
How do I contact The Arkansas Financial Group?
The Arkansas Financial Group’s main office is at 1001 N. University Ave., Suite 200, Little Rock, AR 72207-6366. Its phone number is 501-376-9051. Its website is arkansasfinancial.com.