Argentum 47, Inc. Acquires its First Financial Advisory Firm with Circa US$38.75 Million of Funds Under Administration
01 Agosto 2018 - 4:08PM
InvestorsHub NewsWire
Argentum 47, Inc. Acquires
its First Financial Advisory Firm with Circa US$38.75 Million of
Funds Under Administration
Dubai, UAE -- August 01, 2018 -- InvestorsHub NewsWire
-- Argentum 47, Inc.
(www.arg47.com), formerly known as Global Equity
International, Inc., (OTCQB: ARGQ) and its
fully-owned foreign subsidiaries, a specialist in both Retail and
Corporate Financial Services, Corporate Consultancy and Human
Resources, with offices located in Dubai and the United Kingdom,
today announced it has acquired its first Financial Advisory
Firm with funds under administration, Cheshire Trafford (U.K.)
Limited. With over 700 clients and US$38.75 million of funds under
administration, Cheshire Trafford (www.cheshire-trafford.co.uk/) is
an award winning company specializing in Investment Advice, Tax
Planning, Life Assurance, and Pensions.
Through its fully owned UK based subsidiary, Argentum 47
Financial Management Limited, the Company has officially commenced
its inorganic growth plan with its first acquisition being Cheshire
Trafford (U.K.) Limited.
Peter Smith, CEO of Argentum 47, Inc., said: “Cheshire
Trafford has a loyal and long term generational client bank with
around US$39 million on its books. This acquisition will now kick
start our growth program with the next targeted acquisition
bringing a further US$52 million of funds under administration,
also being driven towards its conclusion. Over the course of the
next 12 months we will look to maximize the value within Cheshire
Trafford, increase the total funds under administration, increase
the annual revenue, and extend and enhance the service to the
clients with new products and offerings.”
Smith also stated: “This acquisition significantly increases
its reach in the UK by putting us within the zone recently deemed
as `The UK Northern Power House´ by the British Government; the
Northern part of the United Kingdom is destined for significant
growth and Governmental support over the coming years in particular
for growing and expanding businesses. The Hull City Region, where
Cheshire Trafford is based, is one of the six major focus locations
for the Northern Power House development. This growth will offer
many potential opportunities for Cheshire Trafford and for our
existing capital market business model. The potential for regional
growth is huge and in Cheshire Trafford we have a strong, steady,
revenue earning platform to explore these opportunities with the
security of a US$39 million book of business. It’s a very nice
acquisition and super subsidiary for our Company.”
Cheshire Trafford (U.K.) Limited was incorporated in 1976 as a
limited liability company. It is licensed and fully regulated by
the U.K. Financial Conduct Authority (FCA register number 115194).
Its offices are located in the Hull City region, North Eastern part
of the United Kingdom.
About Argentum 47, Inc. and Subsidiaries.
Argentum 47, Inc. (“Argentum”) is a full service Financial
Intermediary, Corporate Consultancy, Retail and Corporate Financial
Services and Human Resources Company. Through its wholly-owned
foreign subsidiaries, it advises both business and retail customers
with their most critical decisions and opportunities pertaining to
growth, capital needs, structure and the development of their
financial plans. With offices in Dubai and he United Kingdom,
Argentum has developed significant relationships in the US, UK,
Central Europe, the Middle East and South East Asia to assist
clients in realizing their full value and potential. Bringing
business to external capital and resources, and retail customers to
a suite of secure effective financial solutions. Furthermore, as
Argentum has offices in key financial centers of the world, they
are able to introduce their clients to the right financial partner
without geographical constraints.
Safe Harbor Statement
This press release may include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management’s own knowledge and assessment of the Company’s industry
and competition. The Company refers interested persons to its most
recent Annual Report on Form 10-K and its other SEC filings for a
description of additional uncertainties and factors, which may
affect forward-looking statements. The company assumes no duty to
update its forward-looking statements.
Contact details:
Mr. Peter J. Smith
Director and CEO of Argentum 47, Inc.
Tel. + (971) 42 76 75 76
Mr. Enzo Taddei
Director and CFO of Argentum 47, Inc.
Tel. + (1) 321 200 0142
Email: info@arg47.com
Web: www.arg47.com
Grafico Azioni Argentum 47 (PK) (USOTC:ARGQ)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Argentum 47 (PK) (USOTC:ARGQ)
Storico
Da Gen 2024 a Gen 2025
