Argent Advisors, Inc. (Monroe)

Name: Argent Advisors, Inc.
Address: 1609 Stubbs Avenue, Monroe, LA, 71201
Telephone: 318-324-8000

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.

Fees & Commissions

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.

What kind of clients Kyle Scott Mcdonald serves?

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.

Careers at Argent Advisors, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jack S Rome	Chairman, pres. & ceo	1 Jan 1996	Other	2194995
National Independent Trust Company	Shareholder	1 Jan 1996	75% - 100%	72-1173060
David Kyle Mcdonald	President & ceo	1 Jan 1996	Other	2006671
Byron Robert Moore	President, planning group	1 Jan 1996	Other	2238638
Inc. Argent Financial Group	Shareholder	1 Jul 2000	75% - 100%	72-1480307
Inc. Acumen Investments	Shareholder	1 Jul 2000	Other	72-1104491
Lucius Deyampert Mcgehee	Indirect stockholder	1 Jul 2000	Other	1766849
John M Armstrong	Indirect stockholder	1 Jul 2000	Other	2194999
J Richard Dickey Love	Indirect stockholder	1 Jul 2000	Other	2194997
Judith E Polk	Indirect stockholder	1 Jul 2000	Other	2194996
Kyle Scott Mcdonald	Director	1 Feb 2001	Other	2352305
David Kyle Mcdonald	Director	1 Feb 2001	Other	2352305
Inc. Argent Financial Group	Parent company	1 Mar 2001	75% - 100%	72-1173060
John Scott Coates	Vice president, planning group	1 Mar 2001	Other	1928369
Argent Financial Group	Parent company	1 Mar 2001	75% - 100%	72-1173060
Tyrus Lamar Pendergrass	Indirect stockholder/sr vp	1 Jan 2003	Other	1156182
Michael Ray Jones	Indirect stockholder/exec vp	1 Jan 2003	Other	1270369
Stephen Rudolph Rodgers	Vice president	1 Jan 2003	Other	1870455
Matthew Fisher Massingale	Vice president	1 Jan 2003	Other	1880432
Monte Clark Williams	Vice president	1 Jan 2003	Other	2993423
Barry Michael Guinn	Vice president	1 Jan 2003	Other	4134338
Michael Ray Jones	Managing director-investment grp/board member	1 Oct 2005	Other	1270369
Dean Stephen Mailhes	President, board director	1 Oct 2005	Other	3260678
Byron Robert Moore	Managing director-planning grp/board member	1 Oct 2005	Other	2238638
Vicki Rae Tindall	Chief compliance officer	1 Oct 2005	Other	2001138
Barry Michael Guinn	Vice president	1 Oct 2005	Other	4134338
Tyrus Lamar Pendergrass	Senior vice president	1 Oct 2005	Other	1156182
Michael Vaughn Antley	Senior vice president	1 Oct 2005	Other	4128449
J Richard Dickey Love	Direct owner	1 Oct 2005	Other	2194997
David Kyle Mcdonald	Direct owner	1 Oct 2005	Other	2006671
Franks Investment Company Llc	Direct owner	1 Feb 2007	Other	72-0682479
Eagle Argent Llc	Direct owner	1 Feb 2007	Other	61-1560461
Phillips Energy Inc	Direct owner	1 Feb 2007	Other	72-0536808
Norcad Llc	Direct owner	1 Feb 2007	Other	72-6026909
Cynthia P Basco	Vice president of administration	1 Sep 2007	Other	5492096
Cynthia Denise Basco	Vice president of administration	1 Sep 2007	Other	5492096
Byron Robert Moore	Director	1 Oct 2008	Other	2238638
Brent Raymond Graham	Vice president	1 Mar 2009	Other	2762074
Tisdale Blair Hull	Chief compliance officer	1 Oct 2013	Other	6256129
Carrie Alana Brown	Chief compliance officer	1 Jan 2016	Other	5653005

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
No One Person Owns More Than 25%	Stockholder	1 Jul 2000	75% - 100%	xxx-xx-xxxx

Based in Monroe

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).