INVESTMENT MANAGEMENT SERVICES FOR ADVISORS
Legend Financial Advisors, Inc.® (Legend) is an SEC registered investment advisory firm based in Pittsburgh, PA.
Legend offers customized Investment Management Services to financial advisors. Legend offers an a la carte menu of services that is designed to be inexpensive and tailored to each advisor as compared to other outsourced investment management services. Furthermore, Legend assists advisors with various practice management issues surrounding the investment management process to help them run their business more efficiently.
Investment portfolios are selected in conjunction with the advisor (Legend has no direct contact with an advisor’s clients) and developed to match the advisor’s risk and return requirements. Legend manages a number of different investment portfolios. Each type of investment portfolio is managed to achieve both the short-term and long-term investment objectives of the client.
For portfolios constructed with mutual funds, the minimum size portfolio is $200,000.00. For portfolios constructed with stocks, the minimum size is $250,000.00. For portfolios constructed with Limited Partnerships (managed futures funds), investors must be accredited and portfolios will need to be at least $1,000,000.00 in size.
INVESTMENT PORTFOLIO RISK SPECTRUM
Fees normally range from 45 basis points to 50 basis points depending upon the strategy, the number of accounts included within a portfolio and whether the portfolio is to be managed tax-efficiently or not. Advisors who desire to have large amounts of monies managed directly by Legend will receive additional discounts. Should other services be requested such as account establishment, fee calculations and performance reporting, additional fees will apply.
Please contact us if you would like more information on performance reporting.
PRACTICE MANAGEMENT ASSISTANCE
Legend will also provide assistance to advisors who utilize its services with running their business. This includes advice, education, client communications, forms and procedures with regard to running an investment advisory practice such as sample contracts, questionnaires, forms, Investment Policy Statement formats, Risk Tolerance questionnaire formats, letters to clients, internal procedures, etc. Legend can also provide client education materials with regard to investing strategies.
In addition, consulting is offered to advisors regarding how to run their businesses with respect to human resource issues, fee structures, staff training, marketing, etc.
In short, Legend offers a number of different portfolio management and practice management services for advisors. A la carte pricing and customized services to advisors are available. If you would like additional information on Legend's investment management services for financial advisors, please contact Louis P. Stanasolovich, CFPâ, CCO, CEO and President at (888) 236-5960.