Argentum 47 Inc (ARGQ)

[gemmerling]

Seems like $ARGQ learned a lot after they acquired Cheshire Trafford.

Based on the below info they seem to have a plan and they are going to stick to it.

Nick Tuke, Director of Cheshire Trafford (UK) Limited, said: “This is the second contractual agreement that we have entered into in order to expand the services of Cheshire Trafford but will certainly be the first to start to produce a torrent of new business. We are working with Global Alternative Administration, also known as ‘The Pension Admin Team’, this week to ensure we are all aware of the procedures, the processing and all of the operational duties in order to make this a successful business relationship. The new business flow will enhance the profitability of Cheshire Trafford significantly and, of course, its Funds under Administration. The relationship also provides a wonderful template for similar companies that we are currently talking to in a similar way.”

Enzo Taddei, Director of Argentum 47, Inc., said: “When we acquired Cheshire Trafford back in August of 2018, we knew that we would have a lot of work ahead of us in order to set up new procedures and get the team thinking, acting and reacting in accordance to our business model. We were somewhat fixated on the idea of acquiring as many of Independent Financial Advisory firms as possible but then we realised that we had bought a Company with extremely valuable licenses and also a lot of potential for organic growth. By entering into these Appointed Representative (AR) and Introducer Appointed Representative (IAR) agreements like the one we announced in Q4 2018 regarding Aurum Wealth Management and this new one with Global Alternative Administration, we have found a way to grow Cheshire Trafford’s Funds under Administration exponentially at practically zero cost and without the need of the arduous financial statement audits that, as we all know, take forever to get done. With that said, we are still contemplating further acquisitions in the United Kingdom and also in South East Asia.”

https://finance.yahoo.com/news/cheshire-trafford-uk-limited-wholly-143000955.html