As of December 31 2020, Arvest Bank's wealth management division has grown its assets under management, surpassing the $14 billion mark. In addition, Arvest Wealth Management reported $69 million in revenues last year.
In 2020, the division’s assets under management increased by $1.2 billon, adding to the $13.2 billion under management in 2019. Revenues for the company remained fairly steady from 2019 to 2020, reporting $69.6 million in 2019 and $69 million in 2020.
“COVID-19 caught the world by surprise and sent shockwaves through the financial markets. Our investment and trust advisors embraced a rapid rollout of new communications technology and provided their customers with much-needed guidance," said Arvest Wealth Management President and CEO Jim King. -Arkansas Money & Politics
Arvest Bank is the 87th largest
bank in the United States when it comes to asset's managed.