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. 

Investment advisory fees are based on a percentage of assets under management (AUM) and range from 0.50% to 1.00% (annualized). 

Our Investment Advisory Fee Schedule is provided below:

• Up to $2M: 1.00%
• $2M - $5M: 0.85%
• $5M - $10M: 0.75%
• $10M - $15M: 0.65%
• $15M - $20M: 0.55%
• Over $20M: 0.50%  

Fees are billed quarterly and are based on the account’s market value at the end of each quarter.  We do not receive any trading commissions or performance fees. 

For all clients, comprehensive financial planning is offered as an integrated component of our investment advisory services. The cost of financial planning, which typically includes retirement planning, tax & estate planning, education planning and risk management, is included within the advisory fee schedule and does not incur an additional charge.  

 Important Notes: 

• Discounted fees are available for our cash management solutions.  
• Fees for alternative investments are separate from our standard advisory fees and may incur additional costs.   If so, these will be disclosed in advance. 
• Advisory fees do not include internal expenses charged by mutual funds and exchange traded funds.

Yes.  Financial planning and consulting services are available as a standalone service for a flat fee.  Fees are based on the complexity of the financial situation and the scope of the services provided, and will be determined after an initial consultation.  All financial plans are prepared by a CERTIFIED FINANCIAL PLANNER™ Professional. 

The recommended minimum for our investment advisory and planning services is $1 million however smaller relationships may be established at our discretion.  

We provide ongoing active management on behalf of our clients and aim to meet at minimum on a quarterly basis.  

Yes.  We are Fiduciary Financial Advisors. 

Although many of our clients are based in California, we have clients located throughout the United States.  

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.  You may also contact our dedicated Charles Schwab Alliance Service Team at  800-515-2157. 

Yes.  Insurance is available through the Securities Investor Protection Corporation (SIPC).  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.  You may also contact our dedicated Charles Schwab Alliance Service Team at 800-515-2157.  Should none of these avenues be available, clients can contact the Portside Wealth Group at 385-412-1222.