AmeriTrust Companies says it will merge with Argent Financial Group, an independent trust-based wealth management company; the deal should put Argent’s total client assets at $19 billion and its number of professionals at over 270 in the South.
Argent Financial has its headquarters in Ruston, Louisiana, and its wealth business includes oil and gas rights management. AmeriTrust is based in Tulsa, Oklahoma, and its financial planners have some $600 million in client assets.
“We are delighted to welcome AmeriTrust to the Argent family,” according to Argent Financial Kyle McDonald. “AmeriTrust’s fiduciary approach to wealth management meshes seamlessly with our business philosophy and, like Argent, AmeriTrust’s clients are accustomed to a high level of personal service. This is a big win for both of our companies and our clients.”