Legacy Financial Advisors, INC.
Assets Under Management
$1.3B
Number of Clients
1,032
Number of Advisors
13
Average Client AUM
$1.2M
AUM per Advisor
$96.6M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Legacy Financial Advisors offers financial planning and investment advisory services to individuals, families, businesses, pension plans, and other entities. Financial planning covers estate, retirement, and investment planning. Investment strategies include diversification, tax management, and risk-reward portfolio construction. Legacy also offers Protected Outcome Portfolios (POPS).
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.50% |
Fees negotiable for accounts over $10M.
Fee Estimator
Financial planning services are offered for a flat fee of $5,000. For investment advisory services, Legacy charges a percentage of assets under management. The standard fee schedule is 1.00% for assets less than $1M, 0.80% for assets between $1M and $3M, 0.60% for assets between $3M and $5M, and 0.50% for assets between $5M and $10M. Fees are negotiable for assets over $10M. The account minimum is typically $500,000 for new clients. Legacy Protected Outcome Portfolios (POPS) have a $200,000 minimum and a flat fee of up to 1.50% per annum.
Areas of Practice
Location
117 East Fourth Street, Covington, KY, 41011