The division aims to offer advanced planning and ‘family office lite’ services for households with more than US$5m in net worth.

Sowell Management (Sowell), an Arkansas-based registered investment adviser (RIA), has launched Cache River Private Wealth (Cache River) to serve households with more than US$5m in net worth, expanding its reach into the high-net-worth individuals and multi-generational planning market. Rob Emrich III has been appointed chief growth officer for the division  The unit will combine Sowell’s existing infrastructure with enhanced planning, investment and marketing support to create wh