August 29, 2023
TMI Holdings announced today that it has obtained all required approvals and completed its merger with Argent Financial Group, an independent fiduciary wealth management company headquartered in
. The TMI Trust Company will now operate as a wholly owned subsidiary of Argent under its new name, Argent Institutional Trust Company.
“We are really excited to be joining Argent,” said TMI CEO.
. “As I mentioned before, this merger provides additional depth in the services and resources available to our clients. Also, while we were waiting for the necessary approvals, the people from both TMI and Argent were working to prepare for our new future together. I was incredibly happy and proud of how well our corporate cultures worked out. In tune with each other. It’s a cliché to say, but this really is a match made in heaven.”
Through this transaction, Argent is now responsible for more than
in client assets and three million mineral acres, cementing its position as one of the largest independent fiduciary wealth management firms in the South.
“We are delighted to move forward with TMI joining Argent,” said Argent Financial Group CEO.
. “Adding TMI’s extensive institutional capabilities and expertise to our already strong list of wealth management services further enhances and deepens the many ways in which we can serve the custody, investment and planning needs of all types of investors, from individuals and families to large corporations, private, public and nonprofit organizations.
As previously announced, Guthrie joins Argent Financial Group as President, and remains CEO of Argent Institutional Trust Company.
, Chief Operating Officer of TMI, has been appointed Chief Operating Officer of Argent. Chief Strategy Officer, TMI
, appointed Chief Strategy Officer at Argent. The management and operating business of Argent Institutional Trust Company will remain fully post-merger under the leadership of the CEO of TMI Trust
Argent Financial Group, Inc. and TMI Holdings, Inc. On advice from Berkshire Global Advisors. Berkshire provided advisory services to the Board of Directors of Argent Financial and Advisory Services and a fair opinion to the Board of Directors of TMI Holdings.
The law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC acted as legal counsel for Argent Financial Group.
Fenimore Kay Harrison LLP has acted as legal counsel to TMI Holdings.
About Argent Financial Group
Argent Financial Group (Argent) is a leading, independent and fiduciary wealth management firm. Now responsible for more than
In client assets, Argent provides individuals, families, corporations and institutions with a wide range of wealth management services, including trusts and estate planning, investment management, retirement plan advisory and management, ESOPs, funeral and cemetery funds, charitable organization management, and oil. Gas (minerals) management and other unique financial services. Headquartered in
Argent was founded in 1990 and traces its roots back to the 1930’s. For more information, visit
About the TMI Trust Company
TMI Trust was incorporated in 1954 as a corporation
The Chartered Trust Company is now headquartered at
Reliable company. Since its inception, TMI Trust has grown into a full service provider of trust and agency services. Through its offices located in
New York City
(New York) TMI Trust provides exceptional client care through four primary service categories: trustee, escrow, and loan agency; Ira and incubation. family office and investment partnerships; and specialized trust services.
About Salem Trust Company
The Salem Trust Company is a division of the TMI Trust Company. with
In assets under custody, the Salem Trust provides custody services as a primary line of business for government sector retirement plans and institutional clients. Salem Trust has been dedicated to service excellence since its founding in 1998. Through An Authentic Difference®, clients experience first-hand, personalized securities settlement, custody, record-keeping and reporting services from experienced professionals.
Source: Argent Financial Group, Inc