Argi Investment Services, LLC (Louisville)

Name: Argi Investment Services, LLC
Address: 2201 High Wickham Place, Louisville, KY, 40245
Telephone: 502-753-0609

Argi Investment Services, LLC is a large advisory firm based in Louisville. It manages $2.16 billion of regulatory assets for 9,645 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 26 other states.

Argi Investment Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and consulting, subscription services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Argi Investment Services: assets under management

The assets under management (AUM) of Argi Investment Services, LLC is $2.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 7711% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.16 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.23 thousand each.

Argi Investment Services has custody of $424.17 million in cash and securities for 1,490 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Argi Investment Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Argi Investment Services 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 Argi Investment Services is high net worth individuals with 584 clients and $1.12 billion of assets under management. Among the 6 most similar advisory firms, Argi Investment Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.13 billion for 3,260 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.

Argi Investment Services doesn't advise any private funds.

Careers at Argi Investment Services, LLC

The company employs 123 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 69 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Argi Financial Group	Owner	1 Jun 1999	75% - 100%	27-1003080
Ronald Dean Butt	Managing member	1 Jun 1999	Other	1160635
Patrick Joseph Reeves	Managing member	1 Jun 1999	Other	2462270
Janice Sue Peebles	Chief compliance officer	1 Jun 1999	Other	4572619
Llc Argi Financial Group	Owner	1 Jun 2009	75% - 100%	20-3985505
Ronald Dean Butt	Managing member	1 Jun 2009	Other	1160635
Patrick Joseph Reeves	Managing member	1 Jun 2009	Other	2462270
Janice Sue Peebles	Chief compliance officer	1 Jun 2009	Other	4572619

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Argi Holdings Inc.	Managing member	1 Jan 2015	75% - 100%	47-2632957
Ronald Dean Butt	Vice president	1 Jan 2015	25% - 50%	1160635
Patrick Joseph Reeves	President	1 Jan 2015	25% - 50%	2462270
Argi Holdings Inc. Employee Stock Ownership Plan	Shareholder	1 Aug 2017	25% - 50%	47-2632957

Based in Louisville

The principal office where Argi Investment Services, LLC performs its advisory services is located at 2201 High Wickham Place, Louisville, KY 40245, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 502-753-0609 or by fax 502-426-0247. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at argifinancialgroup.com.