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Argent Wealth Management Review

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Argent Wealth Management

Argent Wealth Management is an SEC-registered financial advisor and fee-only financial planner. It currently provides clients with a range of services, including financial planning, investment management, estate planning and tax planning. It has 20 financial advisors who have more than $1 billion in assets under management (AUM). 

Argent  Wealth Management Background 

David Duchesneau founded Argent Wealth Management in 1992 as the The Duchesneau Group. In 2013, Argent Wealth Management merged with Pillar Financial Services to provide a greater scope of offerings to a broader range of clients.

Argent Wealth Management's 20 financial advisors include certified financial planners (CFPs), certified public accountants (CPAs) and chartered financial analysts (CFA).

What Types of Clients Does Argent Wealth Management Accept?

Argent Wealth Management works mostly with individuals, including high-net-worth people. This profile makes up the bulk of the firm’s clientele. However, Argent Wealth Management also advises a number of profit-sharing plans. 

Argent Wealth Management Minimum Account Size

Argent generally requires a minimum account value of $1 million to recieve investment advisory services. 

Services Offered by Argent Wealth Management

Argent Wealth Management offers a variety of financial planning services, including investment advice. Depending on your financial situation and objectives, the firm may recommend investing in a variety assets in a variety of securities. A typical portfolio may invest in the following: 

Argent Wealth Management Investment Philosophy

Argent Wealth Management deploys fundamental analysis, analytical techniques and more when considering investments. It draws information from financial publications, case studies and corporate reports. 

Fees Under Argent Wealth Management

Depending on what kinds of services you receive from Argent Wealth Management, you may face fees based on a percentage of assets under management or a fixed fee. 

The standard annual investment advisory fee ranges from 0.50% to 1.00% of assets under management (AUM). We outline this fee below. In addition, the firm may charge you a fixed or hourly fee for financial planning and tax preparation services. This fee would depend on the scope of the services provided.

Market Value of Account Annual Fee
On the first $1 million 1.00%
On the next $2 million 0.80%
On the next $5 million  0.60%
On the balance 0.50%

Check out the table below to see how these asset-based fees compare to national median advisory fees. 

*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount.  **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.
Estimated Fee Comparison*
Your Assets Argent Wealth Management standard annual investment advisory fee National Median Advisory Fees**
$500K n/a (below required minimum) $5,000
$1MM $10,000 $8,500 - $10,000
$5MM $30,000 $25,000 - $32,500
$10MM $50,000 $50,000

What to Watch Out For

Argent Wealth Management works with Charles Schwab and Fidelity Investments. This arrangement may present a conflict of interest if the firm's advisors recommend investing in securities these firms manage. 

Disclosures

Argent Wealth Management has not undergone any disciplinary action while in business, according to the firm’s latest Form ADV. This is paperwork that firms file with the SEC to keep their status.

Opening an Account with Argent Wealth Management

The best way to open an account with Argent Wealth Management is by visiting its office in Waltham, Massachusetts. You can also call (781) 290-4900.

Where Is Argent Wealth Management Located?

Argent Wealth Management is located in Waltham, Massachusetts at 200 Fifth Avenue, 7th floor.

Tips for Financial Planning

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How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research