Investment Management Fees
Legend Financial Advisors, Inc.® (Legend) is a Fee-OnlyxThe National Association of Personal Financial Advisors (NAPFA) Defines a Fee-Only Financial Advisor as One Who is Compensated Solely by the Client with Neither the Advisor nor any Related Party Receiving Compensation that is Contingent on the Purchase or Sale of a Financial Product. Neither Advisors or their Firms May Receive Commissions, Rebates, Awards, Finder’s Fees, Bonuses or Other Forms of Compensation from Others as a Result of a Client’s Implementation of the Individual’s Planning Recommendations. "Fee-Offset" Arrangements, 12b-1 Fees, Insurance Rebates or Renewals and Wrap Fee Arrangements that are Transaction Based are Examples of Compensation Arrangements that Do Not Meet the NAPFA Definition of Fee-Only Practice.
Source: NAPFA.org1, FiduciaryxThe Department of Labor’s Definition of a Fiduciary Demands that Advisors Act in the Best Interests of their Client, and to Put their Clients’ Interests Above their Own. It Leaves No Room for Advisors to Conceal any Potential Conflict of Interest, and States that all Fees and Commissions Must be Clearly Disclosed in Dollar Form to Clients.
Source: Investopedia U.S. Securities and Exchange Commission Registered Investment Advisory Firm. Legend Offers Personalized Investment Management and/or Investment Consulting Services.
Ultra-Competitive Fee Schedule:
Legend offers its Investment Management Clients an Ultra-Competitive Fee Schedule.
Investment Management Fees Depend Upon the Amount of Investment Assets Managed.
The Fee Structure Below Represents Legend’s Annual Investment Management Fee. This Fee is Billed on a Quarterly Basis.
Legend's Fiscal Annual Fee Schedule:
- .9000% on the first $500,000.00;
- Plus .8500% on the amount in excess of $500,000.00, but not greater than $1,000,000.00;
- Plus .7500% on the amount in excess of $1,000,000.00, but not greater than $2,000,000.00;
- Plus .5000% on the amount in excess of $2,000,000.00, but not greater than $5,000,000.00;
- Plus .2500% on the amount in excess of $5,000,000.00.
The Minimum Annual Fee is $8,750.00.
If a Prospective Client’s Investment Assets are Below the $1,000,000.00 Level, it Might be Best to Consider Legend’s Sister Firm, EmergingWealth Investment Management, Inc.®.
Legend’s Investment Consulting Fees:
Investment Consulting Fees are Similar to that of the Investment Management Fee Schedule.
If a Prospective Client’s Investment Assets are at or Near $1,000,000.00 including Investment Assets Held at Brokerage Firms, Custodians, Banks, etc. Including Self-Directed Retirement Plans (ex. 401(k) Plans, 403(b) Plans), Legend Would Be the “Best Fit”.
Special Discount For Non-Profit Organizations!
Non-Profit Organizations are Entitled to a Discount on All Fees, Subject to the Minimum Fee.
For a Confidential Discussion Regarding Investment Management Fees and Which Company Makes the Most Sense for the Client’s Situation, Please Contact Legend at (412) 635-9210.
Legend’s Fee-Only And Transactions Disclosure:
1Legend Financial Advisors, Inc.® (Legend) is a Fee-Only Advisory Firm. Fee-Only Means Legend Never Receives Any Commissions.
Legend’s Clients Will Not Pay (a) a Transaction Fee (also Known as a Trading Fee or Commission) for Exchange-Traded Funds (ETF’s) and/or Exchange-Traded Notes (ETN’s) as well as Exchange-Traded Equities through Virtually All Custodians that Legend Utilizes. However, Open-End Mutual Fund Trading Fees Are Charged by Custodians.
Legend will Trade Open-End Mutual Funds, Usually an Institutional Share Class, if available, on Behalf of the Client, Through a Few Non-Related Institutional Custodians.
An Institutional Share Class of an Open-End Mutual Fund is Usually the Lowest Cost Share Class with Regard to the Expenses it Charges. Therefore, Legend Utilizes No-Load, Institutional Cost, Share Classes of Open-End Mutual Funds Due to its Desire to Reduce its Clients’ Investment Costs. In Fact, Legend’s Clients Only Pay a Small Transaction Fee for Institutional Mutual Fund Trades to the Custodian (Also Known as a Trading Fee or Commission).
Legend Never Receives any Portion of Such Fees/Commissions.
- Please Note Certain Custodians that Legend May Use to Accommodate Certain Clients May Charge a Very Small Transaction Fee.