PHOENIX, AZ / ACCESSWIRE / November 13,
At the top of the interview, Jolly started by asking Smith what makes Argentum 47, Inc.'s management team special. He explained his team has a huge amount of experience in this sector and are well placed to finally grow this company to where it needs to be.
"Our management has been at this quite a long time," said Smith. "Particularly in the business we are in right now, collecting funds under management. We previously built a business very similar to the one we run right now. We built that from $0 to $2.2 Billion dollars by acquisition and organic growth at a difficult time. The market is now much more
Smith went on to say he and his team are going down the same path again with Argentum 47, Inc. Jolly then said, the last time Smith was on he discussed expanding and marketing, Cheshire Trafford UK Ltd., and asked for an update.
"It's a bit of a sleeping giant. We have $39 million dollars under management right now. We anticipate that in 2019 we will probably grow that $39 million to a figure, if not $100 million, probably not far off it and the plans to do just that are already in place and in motion," said Smith.
He went on to say they have 3 or 4 initiatives that are in place and are allowing Cheshire Trafford to push itself out into wider markets. He explained with $100 million under management, with the 1% business model that Argentum 47, Inc. operates, they would have a passive income of $1 million a year with the Cheshire Trafford subsidiary plus any new business fees due.
Jolly then said that the company defines itself as a corporate consultant and financial services, he asked Smith for a more layman definition and to explain who his clients are and how he makes money.
"Our client is, for example, a British citizen, they are a retail client and we are handling the medium to
He explained that people usually leave the money invested for a
"The assets that we are looking at right now range from $200 million right up to $700 million. We are also talking to funding partners in order to assist us in these acquisitions."
Smith said that on top of Cheshire Trafford in the UK, they have two other UK prospects each worth $50 million in the works, then they are moving over to Asia.
He then explained that with the Asian investment combined with the UK assets they anticipate clearly that by the end of 2019 having a business that has somewhere in the region of $400-$500 million of money under management. With the 1% trail model that would mean $4 or $5 million of income.
Smith closed the interview by saying that the capital part of their business is often overlooked.
"Let’s not forget, last time we spoke about a client of our named Creditum.
He said it's an income stream that is ignored at the moment.
To hear more about Argentum 47, Inc, listen to the podcast here: https://upticknewswire.com/featured-interview-ceo-peter-smith-of-argentum-47-inc-otcpink-argq-3/
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
Mr. Peter Smith - CEO of Argentum 47, Inc.
Office 3305, Cluster X, Building 3,
Jumeirah Bay Towers,
Dubai, United Arab Emirates.
Dubai - Tel: + 971 (0) 42 767 576
USA - Tel: + 1 321 200 0142
UK - Tel: + 44 203 239 3824
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.
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