Legacy Financial Independent Advisors LLC
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Overview
Legacy Financial Independent Advisors LLC is a financial advisory company located in Louisville, Kentucky. It has $306.5 million in total assets over 1,420 customer accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The company has a small group, including 5 financial advisors. Legacy Financial Independent Advisors LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable financial assets such as stocks, bonds and options.
Legacy Financial Independent Advisors LLC manages all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which transaction decisions for the client's account are made by a portfolio manager without requiring the customer's permission. The advisory firm supervises roughly $215,836 in assets for each customer account. The typical financial advisor at Legacy Financial Independent Advisors LLC oversees about 284 client accounts.
The company's main office is at 414 Baxter Avenue, Louisville, Kentucky 40204. It is registered to serve investors in the state of Kentucky.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Legacy Financial Independent Advisors LLC by the Numbers
$306.5 million
9
1,420
$215.8 thousand
Products and Services
Services that Legacy Financial Independent Advisors LLC provides include financial planning services and portfolio management for individuals and small businesses. In the last financial year, the company provided financial planning services to 101-250 of its accounts. The company is not involved in selling products or offering services other than investment advisory services to its investment advisory clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees typically are based on the services provided. However, fees charged by the firm most likely include the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Legacy Financial Independent Advisors LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Legacy Financial Independent Advisors LLC caters to retail investors and high net worth investors. Out of its 1,420 clients, Legacy Financial Independent Advisors LLC's biggest client is retail investors, although it also caters to 109 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 24.89%
- Other Individuals - 75.11%
- 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 Financial Independent Advisors LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Legacy Financial Independent Advisors LLC
Louisville, KY
Louisville, KY
Louisville, KY
Louisville, KY
Louisville, KY
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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