Argos Family Office uses Consolidated Financial Investments (CFI) as the broker dealer on a majority of client accounts. Over the years we have found the service level offered by CFI is unmatched by any other firm we have used. CFI serves as the highly responsive local point of contact for our relationship with the underlying custodian, which is currently J.P. Morgan. CFI allows us more flexibility in cash movement, the ability to write covered calls to enhance client returns, and generally works behind the scenes to make our clients’ financial lives easier.
Recently, J.P. Morgan decided to no longer offer custody services on accounts not directly traded through their platform. As a result, CFI is in the process of evaluating other custodians and will find a new home for the assets later this year.
We will make sure that our clients’ new custodian will provide the same or better service and security as our current provider. Keys to the search include a flexible service model, full service brokerage offerings at a reasonable price, and the financial health of the custodian itself. Prior to any change, we will follow up with more information on the new custodian and a recommendation regarding the relationship going forward.