Legacy Star Capital Partners, LLC

CRD#286018
Investment Advisor Firm

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Overview

Legacy Star Capital Partners, LLC operates as an advisory firm headquartered in Austin, Texas. Legacy Star Capital Partners, LLC controls $283.6 million in assets over five client accounts, making it a mid-tier firm in the country by assets under management (AUM). Legacy Star Capital Partners, LLC has a small group, including 6 financial advisors. Legacy Star Capital Partners, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as bonds, options and stocks.

Legacy Star Capital Partners, LLC oversees all of the firm's accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction choices for the client's account without requiring the customer's consent. The investment advisory firm's average account size is $56.7 million. The typical advisor at Legacy Star Capital Partners, LLC oversees fewer than one client account, making it one of the most individualized advisor firms in the country.

The firm's main office is at 500 W 2Nd Street, Austin, Texas 78701. The company is legally permitted to serve investors in the state of Texas.

Assets Under Management

$283.6 million

Number of Advisors

6

Disclosures

No

Office Location

500 W 2Nd Street
Austin, TX 78701

Legacy Star Capital Partners, LLC by the Numbers

Total Assets Under Management

$283.6 million

National Average: $8.6 billion
Total Number of Employees

8

National Average: 64
Total Number of Accounts

5

National Average: 375,227
Average Account Size

$56.7 million

National Average: $23.0 thousand
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Fee Structure

A financial advisor's fees usually are based on which services the firm provides the client. Fees charged by the firm may include any combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Legacy Star Capital Partners, LLC.

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 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.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    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.

  • 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.

  • Find one of the 32% of firms that offer this fee type

    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.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

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

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Types of Clients

Legacy Star Capital Partners, LLC provides services to pooled investment vehicles. Out of its five clients, Legacy Star Capital Partners, LLC's largest client type is pooled investment vehicles. None of its customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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 Star Capital Partners, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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