MANAGED ACCOUNTS REPORTING

WHATEVER YOUR DREAM, YOUR PASSION, YOUR PURPOSE - WE HELP MAKE IT HAPPEN.

CLIENTS VALUE WHAT WE DO

We create pathways to help our clients achieve their potential for a life well lived. Learn about our solutions for the unique challenges faced by our clients.

VALUE DRIVEN RESULTS: PHILANTHROPIC GIFTS

Background: Family desired to make a sizeable gift to a charitable organization. Family asked Legacy Bridge to attend meetings and coordinate terms relating to their gift.

Solution: Legacy Bridge discussed gifting options with development director for charity and formalized a mutually agreeable plan. Legacy Bridge reviewed the proposed gift agreement and discussed the same with legal counsel and accountants for Family. In working with the Family’s team, Legacy Bridge finalized a gifting schedule that was equal parts tax effective for the Family and beneficial for the charity.

Results:

  1. A tax effective plan that met the needs of the Family and the charity;
  2. Secured naming rights and recognition for the Family on their sizeable gift; and
  3. Assisted the Family in identifying appropriate securities to use when making charitable gift.


These results may not be typical of all clients.

VALUE DRIVEN RESULTS: ASSET PROTECTION

Background: Focused on protecting assets from future creditors and/or unexpected marital changes, a family requested assistance from Legacy Bridge to explore possible strategies, perform due diligence and present solutions.

Solution: Legacy Bridge gathered information from attorneys, potential trustees and multiple experts in the field. Various solutions were presented, including extending the termination date of several irrevocable trusts or the use of Asset Protection Trusts. Upon review of the solutions identified by Legacy Bridge, the family decided to utilize the Asset Protection Trust Strategy.

Results: 

  1. Research and due diligence completed on behalf of family which provided valuable expertise in one consolidated process;
  2. Working with the family members, engaged an attorney to draft the Asset Protection Trusts and coordinate its creation and funding; and 
  3. The family, in collaboration with their attorneys and Legacy Bridge, was able to protect approximately 70% of their wealth.


These results may not be typical of all clients.

VALUE DRIVEN RESULTS: DIVERSIFICATION

Background: With over 50% of their entire net worth in one company, the Family desired a more stable and diverse portfolio.

Solution: We advised the family on the various options to diversify their holding. When the family decided on a “block sale” strategy, Legacy Bridge interviewed several Wall Street brokerage firms and negotiated the terms of the sale.

Results: 

  1. Saved the family over $500,000 in Wall Street consulting fees;
  2. Created a diversified portfolio with less volatility due to diversification across multiple asset classifications;
  3. Eliminated reliance of wealth in a single company; and
  4. Added liquidity to family wealth.


Update: From the date of diversification through November of 2020, the per share price of the concentrated holding dropped over 78%.  Had the Family not diversified, their net worth would have dramatically decreased.  Meanwhile, the Family’s new diversified portfolio appreciated in value.


These results are not typical of all clients.  Investment performance is not guaranteed. Portfolios will increase and decrease with market and economic conditions.

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Advisory Services offered through Legacy Bridge Private Family Offices, a registered investment adviser.

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MANAGED ACCOUNTS REPORTING