INVESTMENT MANAGEMENT SERVICES
Legend Financial Advisors, Inc.® (Legend) offers customized Investment Management Services to individuals and institutions. Investment portfolios are developed to match the client’s return and risk requirements, which are determined by the clients’ completion of a Risk Tolerance Questionnaire, with the guidance of a Legend advisor. Each type of investment portfolio is managed to achieve both the short and long-term investment objectives of the client.
INVESTMENT PROCESS
Investment Portfolios:
For a description of our investment portfolios, please see our Risk Spectrum chart.
Investment Research:
Legend performs extensive research as to how to structure investment portfolios. Emphasis is placed on developing portfolios that have historically achieved high returns, but with lower-than-normal risk.
Legend’s Sources of Academic and Institutional Research include:
- Several universities, including but not limited to, The University of Chicago, Yale University, and Harvard University
- Association of Investment Management & Research
- Various Investment Management organizations and research services
Sources of Current and Historic Worldwide Financial Market and Economic Data include:
- Investment newsletters, newspapers, periodicals, research publications, and professional journals
- Portfolio Managers (Legend interviews in excess of 75 portfolio managers per year)
Client Education:
Education is very important to us. Legend is dedicated to educating each client about the different investment portfolio types and how they relate to market volatility, time horizons, and investment returns. It is our goal to ensure that the client understands and agrees with our investment philosophy. Furthermore, we assist each client in selecting a risk tolerance level with which they are comfortable. Ultimately, an investment portfolio is designed to meet the client’s objectives.
PERFORMANCE REPORTS
Investment Management clients receive quarterly performance reports. The report details the portfolio performance during the client’s fiscal quarter and provides a comparison against a number of indices. While providing detailed information, these performance reports are easy to read and understand.
FEES
For clients that utilize Legend’s Investment Management services only, the fees are dependent upon the amount of assets that are allocated to each strategy, as well as the amount of assets that the client is asking Legend to manage. Our minimum quarterly fee for Investment Management services only is $2,187.50. Generally, depending upon the fee schedule, fees range from as little as 25 basis points (twenty-five one hundredths of one percent) for large amounts of monies, up to one percent annually.
For clients that utilize both Legend’s Investment Management and Personal Financial Planning services, we can charge for everything under one combined fixed fee. We are fee-only. We do not receive any commissions whatsoever. We charge for financial planning under a combined fixed fee, which includes fees for investment management. The initial fee would be established for a two-year period and will be billed quarterly, in advance. Our minimum fee for this service is $10,000.00 annually. Our fees range from the minimum up to $100,000.00. However, for most clients the typical fee will range from $10,000.00 to $60,000.00. The fee quoted is based upon the client’s financial net worth, the complexity of the client’s situation, the types of portfolios to be managed, monies that we oversee but do not directly manage, the degree of organization of the client information, and how thorough and responsive the client is to our requests. Our fee is for 365 days of service.
If you believe your personal situation does not meet Legend’s minimum fee requirements, there may be alternative ways for us to assist you. For additional information, please contact our CEO and President, Louis P. Stanasolovich, CFP®.