What is your minimum investment amount?
Currently we work with households with a minimum of $250,000 to manage.
Where do we meet?
We meet most of our clients in our office because we have access to our technology and their account information. However, if you feel it is difficult to make it to our office because of scheduling or mobility issues we do have the ability to come to you at your work or home on a limited basis.
What does the initial consultation consist of?
The goal of the initial consultation is for us to get to know each other better. We will tell you more about what we do and how we work with clients. We’ll want to hear more about your situation, what you’re looking for in a financial advisor and why you’re interested in Legacy. We view our relationship as a partnership and want to make sure it will be a good one.
What do I bring to the initial consultation?
You can bring whatever you feel comfortable sharing. Some people choose to bring income, asset and liability statements for us to better gauge their overall situation, while others just bring themselves. It’s up to you!
Do you conduct 401(k) reviews?
Yes, we include 401(k) reviews for a separate fee. These reviews include in depth analysis of holdings and risk levels and contain recommended allocations. Clients receive these written reports at a frequency they choose and are responsible for making recommended changes.
If we invest our money with you, will we have to pay a separate financial planning fee?
No, our financial planning service is included in our advisory fee. Our goal is to help each of our clients develop a personal financial roadmap. This enhances the ability to make confident decisions regarding investments, cash flow, debt management, estate planning and preparation for important financial goals.
Is financial planning a one-time deal?
Absolutely not! We view the plan as a living, breathing thing that will change as your life changes. During our meetings, we work together to see how your financial plan needs to be updated depending on changing goals or circumstances in your life. In addition, as part of our financial planning service, you’ll have access to your own personal financial dashboard. This secure and private technology platform links financial planning, investment management and cash management, allowing you anytime, anywhere access to all of your accounts. You can quickly review your holdings, track progress toward your goals, view spending habits and monitor cash flow.
How frequently do you meet with clients?
Each client household is evaluated on an individual basis to gauge how frequently they need a scheduled face-to-face meeting or phone call. We want to ensure there is adequate time to cover all of the issues that need discussion. At the end of each year we reevaluate meeting frequency to determine if pre-scheduled meeting frequency needs to be adjusted.
Are scheduled meetings the only time we will have contact?
No. Legacy’s clients have access to us year round and we’re happy to speak to you any time a question arises or a financial issue needs to be discussed.
Will you work with our CPA or attorney?
Of course! We are always willing to work with other professionals our clients utilize to make sure they have their affairs in order.
Are you required to sell any products from any company?
Absolutely not. Legacy is independent and acts as a fiduciary, putting our clients’ best interests above all else.
Are all of your clients in town?
While the majority of our clients live in Kansas and Missouri, near our office location Leawood, we have clients all over the county. We remain in close contact through physical meetings primarily, but also by teleconference.
Who can we expect to work with?
Most of our clients engage with one advisor for the majority of their meetings, however we utilize a team approach, which means multiple in-house experts are available to serve different needs. Increasingly, we find it helpful for clients to be familiar with multiple team members and for team members to be familiar with all client situations.
What custodians do you use?
Currently, we hold the majority of client assets at Schwab Institutional. We also make SEI, Folio, American Funds and TIAA available for specific investment needs and capabilities.
What is a Registered Investment Advisor?
RIA firms are registered with the Securities and Exchange Commission or state securities regulators, are subject to the Investment Advisers Act of 1940 and have a fiduciary duty to act in the best interest of their clients. Read more about the benefits of an RIA.