Investment Management

To Meet the Unique Needs of Our Diverse Investor Clients

Because investors come in all shapes and sizes, Legacy's investment management professionals structure three primary types of portfolios to meet their unique needs. Bear in mind, each portfolio is customized based on the individual clients' goals, income needs, risk tolerance, and time horizon.

Equity

We believe that a portfolio of individual value-oriented stocks are most appropriate for our long-term oriented, risk averse investors whose primary goal is capital preservation. Value stocks often trade at lower multiples and tend to be less volatile than their growth counterparts and the equity markets as a whole. Many pay attractive dividends that provide a source of income in addition to the potential for price appreciation. Because we are long-term investors, this value equity approach to investing tends to lead to lower security turnover, lower transaction costs, and lower tax liabilities. Each portfolio or separate account is managed "similar, yet different" where our professionals consider such diverse factors as concentrated equity positions, tax implications, social responsibility, and other issues of significance to the investor. In addition to our core value-oriented managed product, we may complement our investors' portfolios with mutual funds and/or ETFs (growth-oriented, international, etc.) for true diversification purposes.

Fixed Income

Many of our investors have ongoing cashflow needs; bonds often provide a stable complement to employment compensation and can serve as a primary source of income in retirement. Our fixed income portfolios include high-rated government, municipal, and corporate bonds that maintain rates of interest paid to investors on a periodic basis. High quality government or agency securities are often considered safer alternatives to other asset classes. Municipal securities may offer some certain tax advantages, and along with corporate securities, they provide that steady cashflow stream, while often paying a higher rate of interest to compensate for any additional risk. Fixed income portfolios are managed with the investor' time horizons in mind and often include short-term securities as well as longer maturities which carry higher rates of return in most economic environments.

Mutual Funds/ETFs

We work with many employees of our corporate retirement plan clients and other investors to construct and monitor the customized mutual fund/ETF portfolios most appropriate for themselves and their families. Our goal is to migrate the sponsor's workforce from being employees to plan participants to, finally, savvy investors. Since we are quite familiar with their retirement assets and the fund options available, we are able to structure comprehensive investment plans, taking into account such factors as diversification, correlation, and potential income needs.

When it comes to investment management...We strive to be trusted advisers and stewards of our clients' assets.