Argent Institutional Services, LLC (New Orleans)

Name: Argent Institutional Services, LLC
Address: 201 St. Charles Ave., New Orleans, LA, 70170
Telephone: 381-251-5800

Argent Institutional Services, LLC is a pension cosultant based in New Orleans. It manages $84.13 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Louisiana, Oklahoma, Tennessee, and Texas.

Argent Institutional Services provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Argent Institutional Services: assets under management

The assets under management (AUM) of Argent Institutional Services, LLC is $84.13 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $84.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.65 million each.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Argent Institutional Services, LLC 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 Lucius Deyampert Mcgehee serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lucius Deyampert Mcgehee is charitable organizations with 2 clients and $65.07 million of assets under management. Among the 6 most similar advisory firms, Argent Institutional Services has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $84.13 million for 11 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 Institutional Services doesn't advise any private funds.

Careers at Argent Institutional Services, LLC

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lucius Deyampert Mcgehee has been acting as President since 1 Jan 2017. Mark Milton joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Bradley Knowles	Managing director	1 Apr 2010	Other	4398143
Inc. Argent Financial Group	Member	1 Dec 2015	75% - 100%	72-1173060
Matthew Robert Mcguire	Managing director	1 Jan 2017	Other	4092184
Carrie Alana Brown	Chief compliance officer	1 Jan 2017	Other	5653005
Lucius Deyampert Mcgehee	President	1 Jan 2017	Other	1766849
Mark Milton	President	1 Aug 2018	Other	4650763

Based in New Orleans

The principal office where Argent Institutional Services, LLC performs its advisory services is located at 201 St. Charles Ave., New Orleans, LA 70170, which is also the mailing address of the firm. An additional office of the firm is in Oklahoma City, OK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 381-251-5800 or by fax 381-251-4651. The normal business hours are 8:30 am - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at heritagetrust.com.