Overview
Description of Advisory Firm
Argyle Capital Management was incorporated in 1983. James M. Miller, III, founder and president is the
firm's principal owner. We do not act as a broker, investment banker or financial planner, but provide
portfolio management service on a fee basis. On occasion, Argyle may furnish investment advice through
consultations on comparative performance results. We do not hold any cash or securities for our clients,
but work directly with the client's custodian, whether a bank or a brokerage firm.
We tailor our advisory services to the individual needs of clients. Before any investment decisions are
made for a new portfolio, we will meet with a client to determine specific needs, investment objectives,
constraints (such as restrictions on investing in certain securities or types of securities), and risk
parameters. We also take into consideration an overview of the client's combined managed assets with
Argyle, the taxable nature of the portfolio, and the level of diversification among the client's assets. We
then provide personalized asset allocation guidance, and an appropriate asset mix and investment strategy
is determined. Argyle does not construct client portfolios according to a specific model or within a set time
frame. We do not participate in any wrap fee programs.
We believe most substantial investors are better served by a diversified portfolio of individual securities
than by mutual funds, ETF's or commingled trusts. Argyle's equity management emphasizes the stocks of
companies that we believe to be undervalued in the market. Fixed income instruments may be employed in
equity portfolios for the investment of cash reserves and in balanced portfolios to dampen portfolio volatility,
limit principal risk and achieve income. We consider cash/money market funds to be an actively managed
asset class and include it in our fee calculation. The types of investments Argyle Capital offers advice on
include: equity securities, exchange-listed securities, securities traded
over-the-counter, and foreign issues;
warrants; corporate debt securities; commercial paper; certificates of deposit; municipal securities; mutual
funds shares of investment companies; exchange traded funds; United States government securities; and
option contracts on securities.
As of February 29, 2024 the amount of client assets under management was $324 million. All of these
assets were managed on a discretionary basis.
Additional Information
Privacy Policy - Argyle collects non-public information about clients at the beginning of its relationship
with them. The only circumstances in which this information is disclosed to a third party is when this type of
information is needed to open a brokerage account at a brokerage or custodian firm at the direction of the
client and when it is legally required. At no other time is non-public personal information shared with third
parties about current or former clients. Argyle ensures and exercises the highest degree of integrity in
protecting the confidentiality and security of non-public information about its clients both physically (our
office building and documents) and electronically (data files). We maintain a privacy policy dictating this
integrity that is made available to clients annually and to employees continually.
Argyle Capital Management, Inc. Page 5
Additional Information - Continued
Disaster Recovery and Contingency Plan - Argyle recognizes the fiduciary
responsibility we have to our clients and is committed to fulfilling those duties even in
times of disaster and emergency. Therefore we have developed and implement a
disaster recovery and contingency plan. Argyle's entire staff meets annually to discuss,
review and maintain this plan. We have established a contingent recovery site in case a
disaster occurs at our primary location.
Argyle Capital Management, Inc.