Legacy Bridge, LLC (West Des Moines)
Legacy Bridge, LLC is a large advisory firm based in West Des Moines. It manages $163.46 million of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Iowa.
Legacy Bridge provides portfolio management for individuals and small businesses and private family office services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Legacy Bridge: assets under management
The assets under management (AUM) of Legacy Bridge, LLC is $163.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 717% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Legacy Bridge, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Michael Thomas Zuendel serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Thomas Zuendel is high net worth individuals with 13 clients and $163.25 million of assets under management. Among the 6 most similar advisory firms, Legacy Bridge has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $163.46 million for 14 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.
Legacy Bridge doesn't advise any private funds.
Careers at Legacy Bridge, LLC
The company employs 5 people that are either part- or full-time employees. 20 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.
Michael Thomas Zuendel has been acting as President since 1 Oct 2015. Carolyn Loretta Zuendel Trust joined the executive team most recently as the Owner.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 2 indirect owners.Based in West Des Moines
The principal office where Legacy Bridge, LLC performs its advisory services is located at 4601 Westown Parkway, West Des Moines, IA 50266, 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 515-421-4870. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at legacybridgepfo.com/.
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