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.
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 advisory firm has several streams of revenue. Clients pay Argent Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Kyle Scott Mcdonald is high net worth individuals with 249 clients and $285.19 million of assets under management. Among the 11 most similar advisory firms, Argent Advisors has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $778.31 million for 2,086 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Argent Advisors doesn't advise any private funds.
The company employs 28 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Kyle Scott Mcdonald has been acting as President since 1 Feb 2001. Carrie Alana Brown joined the executive team most recently as the Chief Compliance Officer.
The principal office where Argent Advisors, Inc. performs its advisory services is located at 1609 Stubbs Avenue, Monroe, LA 71201, which is also the mailing address of the firm. An additional office of the firm is in Ruston, LA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 318-324-8000 or by fax 318-324-8098. The normal business hours are 8:30 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at mooreforyourmoney.com (website for byron robert moore).