My Legacy Advisors, LLC is a large advisory firm based in Hopkins. It manages $238.51 million of regulatory assets for 965 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Minnesota, and 4 other states.
My Legacy Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for approximately 638 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of My Legacy Advisors, LLC is $238.51 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay My Legacy Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of My Legacy Advisors is individuals with 557 clients and $173.5 million of assets under management. Among the 10 most similar advisory firms, My Legacy Advisors has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $238.51 million for 638 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.
My Legacy Advisors doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 7 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.
The principal office where My Legacy Advisors, LLC performs its advisory services is located at 6 10 Th Ave N, Hopkins, MN 55343, which is also the mailing address of the firm. An additional office of the firm is in Bend, OR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 952-474-6933 or by fax 952-474-2789. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at mylegacyadvisors.com/.