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  (888) 236-5960
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 INVESTMENT MANAGEMENT SERVICES FOR ADVISORS

 
Legend Financial Advisors, Inc.® (Legend) is an Securities and Exchange Commission registered investment advisory firm based in Pittsburgh, PA.  Legend offers customized Investment Management Services to financial advisors.  Legend offers an a la carte menu of services that is designed to be inexpensive and tailored to each advisor as compared to other outsourced investment management services.  Furthermore, Legend assists advisors with various practice management issues surrounding the investment management process to help them run their business more efficiently.
 
Investment portfolios are selected in conjunction with the advisor (Legend has no direct contact with an advisor’s clients) and developed to match the advisor’s risk and return requirements.  Legend manages a number of different investment portfolios.  Each type of investment portfolio is managed to achieve both the short-term and long-term investment objectives of the client.
 
PORTFOLIO MINIMUMS
 
For portfolios constructed with mutual funds, the minimum size portfolio is $200,000.00.  For portfolios constructed with stocks, the minimum size is $250,000.00.  For portfolios constructed with Limited Partnerships (managed futures funds), investors must be accredited and portfolios will need to be at least $1,000,000.00 in size.
 
 
INVESTMENT PORTFOLIO RISK SPECTRUM

 

For a description of our various types of investment portfolios, please see our Risk Spectrum chart.

 

 
FEES
 
Fees normally range from 45 basis points to 50 basis points depending upon the strategy, the number of accounts included within a portfolio and whether the portfolio is to be managed tax-efficiently or not.  Advisors who desire to have large amounts of monies managed directly by Legend will receive additional discounts.  Should other services be requested such as account establishment, fee calculations and performance reporting, additional fees will apply.
 
 
PERFORMANCE REPORTS
 
Please contact us if you would like more information on performance reporting.
 
 
PRACTICE MANAGEMENT ASSISTANCE
 
Legend will also provide assistance to advisors who utilize its services with running their business.  This includes advice, education, client communications, forms and procedures with regard to running an investment advisory practice such as sample contracts, questionnaires, forms, Investment Policy Statement formats, Risk Comfort Zone Questionnaire formats, letters to clients, internal procedures, etc.  Legend can also provide client education materials with regard to investing strategies. 
 
In addition, consulting is offered to advisors regarding how to run their businesses with respect to human resource issues, fee structures, staff training, marketing, etc. 
 
 
SUMMATION
 
In short, Legend offers a number of different portfolio management and practice management services for advisors.  A la carte pricing and customized services to advisors are available.  If you would like additional information on Legend's investment management services for financial advisors, please contact Louis P. Stanasolovich, CFP®, CCO, CEO and President at (888) 236-5960.

 

 

Legend’s Fee-Only And Transactions Disclosure:
 

1 Legend 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.  As a Result, Legend’s Clients Often 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.

(a) Please Note Certain Custodians that Legend May Use to Accommodate Certain Clients May Charge a Very Small Transaction Fee.



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