Ernest A. Drost

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CRD#: 1446341

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Ernest Allen Drost, who also goes by Ernest Allen Drost Jr, Ernest Allen Jr Drost, Ernie Drost Jr, Ernie Drost, was a registered financial professional .

Ernest is a previously registered financial professional and started their career in finance in 1986. Ernest had worked at 9 firms and has passed the Series 65, Series 63, SIE and Series 7 exams.

Question & Answer

Are you a "fiduciary"?

Aliases

Ernest Allen Drost Jr | Ernest Allen Jr Drost | Ernie Drost Jr | Ernie Drost

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

June 17, 2013 - January 2, 2019

ARVEST WEALTH MANAGEMENT

RIA

CRD#: 42057

HOT SPRINGS, AR

Past

June 5, 2013 - January 2, 2019

ARVEST WEALTH MANAGEMENT

CRD#: 42057

HOT SPRINGS, AR

Past

August 23, 2010 - June 4, 2013

U.S. BANCORP INVESTMENTS, INC.

RIA

CRD#: 17868

BISMARCK, AR

Past

August 23, 2010 - June 4, 2013

U.S. BANCORP INVESTMENTS, INC.

CRD#: 17868

BISMARCK, AR

Past

March 6, 2007 - September 8, 2010

INVESTMENT PROFESSIONALS, INC.

RIA

CRD#: 30184

HOT SPRINGS, AR

Past

June 27, 2002 - September 8, 2010

INVESTMENT PROFESSIONALS, INC.

CRD#: 30184

HOT SPRINGS, AR

Past

February 9, 2002 - July 18, 2002

PARKLAND SECURITIES, LLC

CRD#: 115368

ANN ARBOR, MI

Past

January 14, 1999 - February 9, 2002

WALNUT STREET SECURITIES, INC.

CRD#: 15840

EL SEGUNDO, CA

Past

October 31, 1995 - January 29, 1999

GUARDIAN INVESTOR SERVICES LLC

CRD#: 6635

NEW YORK, NY

Past

September 21, 1993 - December 19, 1994

AVANTAX INVESTMENT SERVICES, INC.

CRD#: 13686

DALLAS, TX

Past

March 10, 1989 - July 26, 1993

NYLIFE SECURITIES LLC

CRD#: 5167

NEW YORK, NY

Past

March 20, 1986 - April 6, 1989

INTEGRATED RESOURCES EQUITY CORPORATION

CRD#: 6403

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

ARVEST WEALTH MANAGEMENT

ARVEST ASSET MANAGEMENT | ARVEST WEALTH MANAGEMENT | ARVEST INVESTMENTS, INC.

CRD#: 42057 / SEC#: 801-63738, 8-49677

RIA

Registered Investment Advisory firm - SEC (1/3/2005 Approved)

Arkansas

Registered Investment Advisory firm - SEC (1/4/2005 Terminated)

Oklahoma

Registered Investment Advisory firm - SEC (1/7/2005 Terminated)

Broker-Dealer Firm Regulated by FINRA (New Orleans district office)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 12/28/1999

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 4/5/1986

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 3/15/1986

General Securities Representative Examination

Current Firm

ARVEST WEALTH MANAGEMENT

ARVEST ASSET MANAGEMENT | ARVEST WEALTH MANAGEMENT | ARVEST INVESTMENTS, INC.

CRD#: 42057 / SEC#: 801-63738, 8-49677

RIA

Registered Investment Advisory firm - SEC (1/3/2005 Approved)

Arkansas

Registered Investment Advisory firm - SEC (1/4/2005 Terminated)

Oklahoma

Registered Investment Advisory firm - SEC (1/7/2005 Terminated)

Broker-Dealer Firm Regulated by FINRA (New Orleans district office)

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Contact information

Main Address

913 W Monroe Avenue, Lowell, AR 72745

Mailing Address

Po Box 1515, Lowell, AR 72745

Phone number

(888) 916-2121

Established

Arkansas since 07/11/1996

Firm type

Corporation

Fiscal year end

December

Firm Size

Medium

# of Employees

232

SEC notice filing (52 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

WRAP FEE PROGRAM BROCHURE OF ARVEST WEALTH MANAGEMENT (9/17/2025)

PART 2A (5/27/2025)

Direct owners and executive officers

Name	Position	CRD#
ARVEST BANK	OWNER
BREWER, GRETCHEN DAPHYNE	FINANCIAL AND OPERATIONAL PRINCIPAL AND PRINCIPAL FINANCIAL OFFICER	5089523
CAIN, KENDRA BRADFORD	CHIEF COMPLIANCE OFFICER	4580246
CAIN, KENDRA BRADFORD	DIRECTOR	4580246
COTTRELL, ASA ANDERSON	CHIEF EXECUTIVE OFFICER, CHAIRMAN, DIRECTOR	2151839
CRAIN, BRADLEY JEAN	DIRECTOR	5203394
DERRYBERRY, DEE GARRISON	DIRECTOR	4013705
DERRYBERRY, DEE GARRISON	COO	4013705
HAYS, KIRK JODELL	DIRECTOR	8156910
JAMES, CARA CLUGSTON	DIRECTOR	7249296
LIPSCOMB, TABITHA HUBBS	DIRECTOR	4347525
MACHEN, JAMES MATTHEW	DIRECTOR	4882241
MORBECK, AMY MARIE	DIRECTOR	7972656
PAYNE, KARLA	DIRECTOR	4725253
PERRON, JOHN ARLEIGH	ARVEST1 MANAGER / MANAGER OF CLIENT SERVICES, MUNICIPAL PRINCIPAL	3159317
PERRON, JOHN ARLEIGH	PRIVATE SECURITIES OFFERINGS PRINCIPAL	3159317
PERRON, JOHN ARLEIGH	REGISTERED OPTIONS AND SECURITY FUTURES PRINCIPAL (ROSFP)	3159317
PERRON, JOHN ARLEIGH	PRINCIPAL OPERATIONS OFFICER	3159317
ROGERS, DONNY RAY JR	PRESIDENT INVESTMENT SERVICES, SECRETARY OF BOARD, DIRECTOR	2602108
ROOKER, BARRY CHRISTOPHER	SENIOR DIRECTOR OF SALES/DIRECTOR	3262999
SABIN, KENNETH KEVIN	DIRECTOR	5947088
SHEPARD, RODNEY LEMAN	DIRECTOR	7884866
SMITH, BRIAN ANDREW	DIRECTOR, EXECUTIVE VICE PRESIDENT, SENIOR DIRECTOR OF SALES, DIRECTOR OF RETIREMENT PLAN CONSULTING	2888485

Regulatory assets under management

Total Number of Accounts	7,800
AUM (Assets Under Management)	$ 2,824,855,462

Disclosures

Regulatory Event	3
Arbitration	1

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
10/20/2025	Cover Page	Report
01/13/2025	Cover Page	Report
10/20/2023	Cover Page	Report
12/21/2022	Cover Page	Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Ernest A. Drost

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

ARVEST WEALTH MANAGEMENT

U.S. BANCORP INVESTMENTS, INC.

U.S. BANCORP INVESTMENTS, INC.

INVESTMENT PROFESSIONALS, INC.

INVESTMENT PROFESSIONALS, INC.

PARKLAND SECURITIES, LLC

WALNUT STREET SECURITIES, INC.

GUARDIAN INVESTOR SERVICES LLC

AVANTAX INVESTMENT SERVICES, INC.

NYLIFE SECURITIES LLC

INTEGRATED RESOURCES EQUITY CORPORATION

Primary Firm SEC Registration

ARVEST WEALTH MANAGEMENT

State Registrations and Notice Filings

Exams

Series 65

Date: 12/28/1999

Series 63

Date: 4/5/1986

SIE

Date: 10/1/2018

Series 7

Date: 3/15/1986

Current Firm

ARVEST WEALTH MANAGEMENT

Contact information

SEC notice filing (52 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Accountant surprise examination report

Red Flags

Company Information

ARVEST WEALTH MANAGEMENT

TRUST BUT VERIFY

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