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.
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 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.
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.
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.
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.