ARGI Financial co-founder sells his shares in the company

Ron Butt, senior partner and co-founder of ARGI Financial Group, has sold his shares in the company.

Butt agreed to allow other partners and the company's employee stock ownership plan, or ESOP, to buy him out of the company's ownership group, according to a news release. With this transaction, the ESOP now owns 28 percent of ARGI, a Louisville-based financial advisory firm.

Butt and fellow senior partner Joe Reeves started the ESOP in 2015 as a way to reward employees for the company's growth,…

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