Wealth Legacy Institute, Inc. (Denver)

Name: Wealth Legacy Institute, Inc.
Address: 950 South Cherry Street, Denver, CO, 80246
Telephone: 303-753-7578

Wealth Legacy Institute, Inc. is a large advisory firm based in Denver. It manages $113.1 million of regulatory assets for 440 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Colorado, and Texas.

Wealth Legacy Institute provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, educational seminars and workshops, and consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Legacy Institute: assets under management

The assets under management (AUM) of Wealth Legacy Institute, Inc. is $113.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 287% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $113.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $257.05 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealth Legacy Institute is high net worth individuals with 38 clients and $85.85 million of assets under management. Among the 8 most similar advisory firms, Wealth Legacy Institute has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.7 million for 113 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.

Wealth Legacy Institute doesn't advise any private funds.

Careers at Wealth Legacy Institute, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Ellen Gehl	Managing member/chief compliance officer	1 Nov 2006	75% - 100%	5377057
Kimberly Louise Curtis	Managing member/chief compliance officer	1 Aug 2007	75% - 100%	2231492

Based in Denver

The principal office where Wealth Legacy Institute, Inc. performs its advisory services is located at 950 South Cherry Street, Denver, CO 80246, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-753-7578 or by fax 303-753-7581. The normal business hours are by appointment only on Other. You can find more information about the New York firm at wealthlegacyinstitute.com.