On January 8, 2013, Louisiana-based Argent Financial Group announced that it had agreed to merge with Memphis-based investment advisor Highland Capital Management, LLC.
On January 8, 2013, wealth management firm Argent Financial Group announced that it had agreed to merge with Memphis, Tennessee-based Highland Capital Management, LLC. Highland is an investment advisory firm specializing in equity and fixed income portfolios for private, corporate, and public sector clients. Argent is a Ruston, Louisiana-based wealth management firm that provides financial services and specializes in trust management. The combined company will have approximately $4.3 billion in assets under management. After the transaction, Highland will retain its name and management team and will oversee the management and portfolio management of the combined entity. Argent portfolio managers are expected to join Highland, but will continue to operate through its subsidiaries under the Argent brand name.
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