Sovereign Legacy, Inc. (Orlando)

Name: Sovereign Legacy, Inc.
Address: 1800 Pembrook Drive, Orlando, FL, 32810 6378
Telephone: (407) 499-0050

Sovereign Legacy, Inc. is a multi-state adviser based in Orlando. It manages $1.75 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Colorado, Florida, and 13 other states.

Sovereign Legacy provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sovereign Legacy: assets under management

The assets under management (AUM) of Sovereign Legacy, Inc. is $1.75 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -94% since the beginning of its operation, and $1.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.61 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 50% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sovereign Legacy, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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.

What kind of clients Sovereign Legacy serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sovereign Legacy is high net worth individuals with 1 clients and $1 million of assets under management. Among the 5 most similar advisory firms, Sovereign Legacy has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.75 million for 13 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Sovereign Legacy doesn't advise any private funds.

Careers at Sovereign Legacy, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Joseph Hovermale	Managing director, cio, chief compliance officer	1 Nov 2010	75% - 100%	2104629
Gary Edward Schantz	Ceo	1 Nov 2010	Other	1542754
Lauren Thi Reale	Cfo	1 Nov 2010	Other	5871780
Lauren T Reale	Cfo	1 Nov 2010	Other	5871780
Frank Eric Pagan	Coo	1 Jan 2014	Other	2305449

Based in Orlando

The principal office where Sovereign Legacy, Inc. performs its advisory services is located at 1800 Pembrook Drive, Orlando, FL 32810 6378 The mailing address of the firm is Po Box 917735, Longwood, FL 32791 7735. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (407) 499-0050 or by fax (888) 539-4015. The normal business hours are 7:00 am - 7:00 pm est on Monday - Friday. You can find more information about the New York firm at financialtradecenter.com.