Lucius Mcgehee is a registered investment advisor at Argent Advisors, INC., based in Monroe, LA, with 9 years of industry experience. Lucius operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Insurance Planning, Investment Management, Retirement Planning. Their firm serves 1,420 clients with $1.5B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Argent Advisors offers investment management services with fees based on a percentage of the value of your portfolio. The fees vary depending on the account type and the amount you invest.
Standard Portfolio Management:
- First $500,000: 1.25% per year
- Next $500,000: 1.00% per year
- Next $1,000,000: 0.90% per year
- Over $2,000,000: 0.70% per year
Dynamic Asset Models:
- First $1,000,000: 1.50% per year
- Over $1,000,000: 1.25% per year plus $20/month operations fee
Prime Dynamic:
- First $1,000,000: 1.50% per year
- Over $1,000,000: 1.25% per year
Public Funds Management:
- First $10,000,000: 0.20% per year
- Next $10,000,000: 0.175% per year
- Over $20,000,000: 0.15% per year
- Over $25,000,000: Negotiated
American Funds – Active Portfolio:
- First $500,000: 1.00% per year
- Next $500,000: 0.90% per year
- Next $500,000: 0.80% per year
- Over $2,000,000: 0.50% per year
Passive Portfolio:
- All: 0.50% per year
Accounts custodied at Argent Trust Company are subject to a $240 base fee. Accounts custodied at Fidelity are subject to a $60 annual base fee. There is a minimum annual fee of $350 for accounts custodied at Argent Trust Company.
Location
1609 Stubbs Avenue, Monroe, LA, 71201
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Lucius is the Executive Vice President of Argent Trust Company, dedicating about half of his time to trust/investment/custodial services. He also manages timberland, serves as a trustee and board member for multiple foundations, and is a board member for the Industrial Development Board of Lincoln Parish.
Employment History
Current Registrations
Argent Advisors, INC.
Previous Registrations
Argent Institutional Services, LLC
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.