Legend Advisory, LLC is a large advisory firm based in Palm Beach Gardens. It manages $1.95 billion of regulatory assets for 26,328 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Legend Advisory provides portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Legend Advisory, LLC is $1.95 billion. The firm's AUM has gone down by -8% since the beginning of its operation, and $2.6 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Legend Advisory, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Denis Neil Houser is individuals with 21,823 clients and $1.86 billion of assets under management. Among the 9 most similar advisory firms, Legend Advisory has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.95 billion for 22,082 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Legend Advisory doesn't advise any private funds.
The company employs 303 people that are either part- or full-time employees. 98 percent of the employees work as investment advisers or researchers. 228 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Denis Neil Houser has been acting as President since 1 Jan 2017. Shashi Mehrotra has served as the Chief Investment Officer since 1 Jan 2017. Diane Mulherrin Mccarthy joined the executive team most recently as the Sr Vice President, Chief Financial Officer.
The principal office where Legend Advisory, LLC performs its advisory services is located at 4600 East Park Drive, Palm Beach Gardens, FL 33410 4258, which is also the mailing address of the firm. An additional office of the firm is in Rochester, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (866) 774-8671 or by fax (561) 691-8092. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at legendadvisorycorp.com.