Financial and Investment
Our aim is to provide clear and transparent information regarding our financial position, fees, investment philosophy, and performance. Additional information is available through Brian Hamilton, our Chief Financial Officer.
Financial Information
Account Management and Administrative Fees
Legacy Deo’s operations are funded by account management fees, gifts and bequests, interest and dividends generated by invested reserves, and administrative fees. Our fee schedule is as follows:
Account Management
Marketable Securities Gifts
Legacy Deo accepts gifts of publicly-traded securities (i.e., stocks, bonds, mutual funds, ETFs, etc.). These gifts can fund new accounts, augment existing accounts, or be contributed to Legacy Deo itself. We also liquidate securities and pass the sale proceeds to another ministry or charity of the donor’s choosing.
One-time gifts are charged $25 to receive, sell, and distribute the net proceeds. This amount includes up to three distributions to external ministries or charities. An additional fee of $10 per distribution is charged when the number exceeds three. Statutory fees charged by securities brokers are netted against the proceeds prior to distribution.
Estate Administration
Real Estate Sale
Tax Preparation
Most trusts require preparation of an annual tax return. Our base fee is $100, which includes preparation of taxpayer forms such as K-1 and 1099. Complex returns requiring additional preparation time are charged a minimum of $150.
Legal Services
Legacy Deo
Our mission is to inspire giving that impacts life forever. We help people with charitable giving and estate planning, and serve as trustee for hundreds of trusts, endowments, and donor advised funds.
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Investment Information
Read our investment policy statement here.
Legacy Deo is pleased to offer our clients five investment funds having distinct return objectives. Two cover the full spectrum of fixed income securities, two address different equity strategies, and one provides non-correlated assets as an alternative to traditional investments. Each fund is professionally managed by one or more firms in concert with our investment consultant, Graystone Consulting – a business of Morgan Stanley. Assets are held through our Morgan Stanley brokerage relationship.
A summary by investment fund is as follows:
| Objective | Investment Types | Management Firm(s) |
|---|---|---|
| Equity Growth | Growth-oriented stocks Equity ETFs | Geneva Capital GQG Partners Lazard PGIM |
| Equity Dividend | Dividend-paying stocks Equity ETFs | Bahl & Gaynor, Inc. BNYM Walter Scott Kayne Anderson |
| Liquid Alternatives | Global infrastructure Hedged equities Managed futures Private credit Relative value | Alkeon Capital Management Blue Owl Capital Hudson Bay Ltd. KKR SEG Partners Shannon River Capital Management Various mutual fund families |
| Fixed Income | Corporate bonds US Treasuries and agencies Corporate asset-backed securities Bond mutual funds (all rated AAA to BBB) | BlackRock Invesco Sage Advisory Services |
| High Yield | Bond mutual funds | Various mutual fund families |
Allocation to these funds is dependent upon the objective of the underlying account, its distribution time horizon, and input from the accountholder. By varying the degree of allocation to the underlying funds, we are able to create portfolios that range anywhere from conservative to aggressive. Our investment philosophy is different than that of the typical individual investor, who tends to focus mainly on accumulation. Because Legacy Deo is in a perpetual phase of distribution, our orientation is toward long-term capital preservation and reasonable risk-reward tradeoffs.