Argent Advisors, Inc. (Monroe)
Argent Advisors, Inc. Is a Large Advisory Firm Based in Monroe. It Manages $782.16 Million of Regulatory Assets for 2,108 Client Accounts. It Has Been...
Argent Advisors, Inc. is a large advisory firm based in Monroe. It manages $782.16 million of regulatory assets for 2,108 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Arkansas, Florida, and 6 other states.
Argent Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Argent Advisors: assets under management
The assets under management (AUM) of Argent Advisors, Inc. is $782.16 million. The firm's AUM has grown by 1447% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $773.92 million in discretionary accounts and $8.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $374.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $206.06 thousand.
Argent Advisors has custody of $89.6 million in cash and securities for 395 clients in total and its related person acts as a qualified custodian.
Investments
The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in government bonds form 16% of the total invested assets.
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