Legacy Bridge Private Family Offices

CRD#282261
Investment Advisor Firm

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Learn more about Legacy Bridge Private Family Offices

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Legacy Bridge Private Family Offices is located at 4601 Westown Parkway, West Des Moines, IA. The firm employs 3 financial advisors to manage client portfolios and provide financial guidance. Legacy Bridge Private Family Offices is not a registered broker-dealer.

    Legacy Bridge Private Family Offices oversees $286.5 million in assets under management across 111 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, as well as other services. The firm caters to retail investors and high net worth investors, with high net worth investors being the largest client type by accounts. The fee structure at Legacy Bridge Private Family Offices includes asset-based, hourly, fixed, performance-based, and other fees. The firm has 22 high net worth clients.

    Legacy Bridge Private Family Offices is registered in the states of Colorado, Iowa, New York, and South Dakota.

    Assets Under Management

    $286.5 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    4601 Westown Parkway
    West Des Moines, IA 50266

    Legacy Bridge Private Family Offices by the Numbers

    Total Assets Under Management

    $286.5 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    111

    National Average: 375,227
    Average Account Size

    $2.6 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services usually are based on which services are provided. Fees charged by Legacy Bridge Private Family Offices can consist of any blend of the following fee types: asset-based, hourly, fixed, performance-based, or other.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    Back to Overview

    Types of Clients

    The company caters to retail investors and high net worth investors. Out of its 2 clients, Legacy Bridge Private Family Offices's biggest client group by number of accounts is high net worth investors, but it also caters to 22 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 62.86%
    • Other Individuals - 37.14%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Legacy Bridge Private Family Offices does not have any disclosures.

    Please visit its Form ADV for more details.

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