Frequently Asked Questions

Charles Schwab acts as the primary independent custodian for our client accounts.  Please note that our clients maintain ownership of their account at all times.  We are provided trading authority in order to manage our clients' accounts per their investment plan objectives, however we do not custody any client assets. 

Wealth management fees are based on a percentage of assets under management and range from 0.55% to 1.00% of the total assets under management (annualized).*  Fees are billed quarterly and are based on the daily account values at the end of each quarter.  We are a Fee-Only financial advisor and do not receive any trading commissions.   Our services include ongoing investment management, ongoing financial planning, financial consulting and 24/7 access to our portfolio performance, analytics and planning technology.     

* Negotiated fees are available for our cash management solutions.  

Yes.  For clients seeking financial planning or consulting services exclusively, we can accommodate through a Flat Fee structure.  Fees are negotiable depending on the scope and complexity of the financial plan or service requested and range between $2,500-$10,000 per plan.  Please note that all financial plans are prepared and reviewed by a CERTIFIED FINANCIAL PLANNER™ Professional.  

For our portfolio management services, our recommended minimum is $1,000,000 however smaller relationships may be established at our discretion. Stand alone financial planning and/or consulting services do not have a minimum and are charged a flat fee based on the scope and complexity of the project.   

We provide ongoing active management on behalf of our clients and aim to meet at minimum on a quarterly basis.  We can meet at our office, over Zoom or Google Meet, or at your home or office if that is more convenient.  

Yes.  We are Fiduciary Financial Advisors. 

Although many of our clients are based in California, we have clients throughout the United States, including Florida, Texas and Illinois.  

For general account service requests, including (but not limited to) fund transfers, document requests and check requests, please contact our Service Team at service@legacywealthic.com or call us at 949-867-7670.  One of our team members will call you to confirm your request.  Please note that we cannot process fund transfer and trading requests left through Email or voicemail.  

Yes.  Insurance is available through the Securities Investor Protection Corporation (SIPC), which provides insurance protection for securities and cash in brokerage accounts up to $500,000.  In addition to SIPC protection, Charles Schwab provides "Excess SIPC" insurance protection for securities & cash.  For additional information on SIPC, please refer to the link below: 

https://www.sipc.org/for-investors/what-sipc-protects

Please contact us at 949-867-7670 or via Email at service@legacywealthic.com for any time sensitive or urgent account matters.  One of our team members will assist you.  You may also contact the Portside Wealth National Support team for urgent matters at 385-412-1222.