Sowell shares jump 16.79% after-hours as Daryl Seaton named CEO, Bill Sowell shifts to strategic role.

Sowell Management’s stock surged 16.79% in after-hours trading following the announcement of a planned leadership transition, naming Daryl Seaton as CEO and founder Bill Sowell as Chief Strategy Officer. The move, described as a "thoughtful evolution" by the company, positions Sowell to focus on long-term strategic and inorganic growth initiatives, including mergers and acquisitions, while leveraging Seaton’s operational expertise. The transition, which aligns with a multi-year plan, signals enhanced focus on scaling the firm’s platform, including recent partnerships and product launches like FLEX Connect and Trek Wealth Solutions. The news reinforced investor confidence in the firm’s strategic direction and growth potential.