Financial and Investment

Our aim is to provide clear and transparent information regarding our financial position, fees, investment philosophy, and performance. Additional information is available through Brian Hamilton, our Chief Financial Officer.

Financial Information

Read our 2016 Annual Report here.

Read our 2015 audited financial statements here.

Account Management and Administrative Fees

Legacy Deo’s operations are funded by account management fees, gifts and bequests, interest and dividends generated by invested reserves, administrative fees, and financial support from the Texas District of The Lutheran Church—Missouri Synod. Our fee schedule is as follows:

Account Management

Each managed account incurs an annual management fee, calculated and deducted on a quarterly basis. Amounts are determined according to the following table:

Marketable Securities Gifts

Legacy Deo accepts gifts of publicly-traded securities (i.e., stocks, bonds, mutual funds, ETFs, etc.). These gifts can fund new accounts, augment existing accounts, or be contributed to Legacy Deo itself. We also liquidate securities and pass the sale proceeds to another ministry or charity of the donor’s choosing.

One-time gifts are charged $25 to receive, sell, and distribute the net proceeds. This amount includes up to three distributions to external ministries or charities. An additional fee of $10 per distribution is charged when the number exceeds three. Statutory fees charged by securities brokers are netted against the proceeds prior to distribution.

For recurring gifts, we require a pass-through trust account to be opened. A one-time fee of $50 is charged to open the account, which also covers processing the first gift transaction. Subsequent gifts incur fees at the same rate as one-time gifts. A minimum balance of $250 is required to maintain an active pass-through trust. Upon closure of the account, this minimum balance is passed through to the final ministry or charity.

Estate Administration

Legacy Deo can serve as administrator of an estate. Fees charged will fall within the maximum allowed by the Texas Probate Code. Related travel and administrative expenses are charged at actual cost. Fees are netted against the estate’s value.

Real Estate Sale

Gifted real estate, when subsequently sold, incurs a charge equal to 5% of the property’s sales price. When a realtor is involved, the fee is reduced to 2%. This fee is netted against the proceeds, which typically includes other charges required to complete the sale.

Tax Preparation

Most trusts require preparation of an annual tax return. Our base fee is $80, which includes preparation of taxpayer forms such as K-1 and 1099. Complex returns requiring additional preparation time are charged a minimum of $120.

Legal Services

When establishing a new account, Legacy Deo absorbs the first $200 of legal fees. Excess amounts are charged to the account. Fees for legal matters arising after inception are charged to the account.

Facebook

Legacy Deo's November article in the Texas Messenger section of the Lutheran Witness. ... See MoreSee Less

Legacy Deos November article in the Texas Messenger section of the Lutheran Witness.

Legacy Deo CFO Brian Hamilton, Larry Ohls, and their team participated in the Upbring charity golf tournament held on Monday, September 18. Legacy Deo was a Silver Sponsor of the tournament. ... See MoreSee Less

Legacy Deo CFO Brian Hamilton, Larry Ohls, and their team participated in the Upbring charity golf tournament held on Monday, September 18. Legacy Deo was a Silver Sponsor of the tournament.

Legacy Deo added 2 new photos.

Check out our September Legacy Deo newsletter with its special offer for estate planning materials.
... See MoreSee Less

Check out our September Legacy Deo newsletter with its special offer for estate planning materials.

Our August 2017 Lutheran Witness article. ... See MoreSee Less

Our August 2017 Lutheran Witness article.

Legacy Deo added 38 new photos — at Albuquerque Convention Center.

2017 LWML National Convention - Wonderful folks that stopped by our booth on Saturday!
... See MoreSee Less

2017 LWML National Convention - Wonderful folks that stopped by our booth on Saturday!

Virginia Von Seggern, Brian Hamilton and 4 others like this

Lanny MooreI thought good ole Martin Luther was A bit shorter?

5 months ago   ·  1
Avatar

Comment on Facebook

Investment Information

Read our investment policy statement here.

Legacy Deo is pleased to offer our clients five investment funds having distinct return objectives. Two cover the full spectrum of fixed income securities, two address different equity strategies, and one provides non-correlated assets as an alternative to traditional investments. Each fund is professionally managed by one or more firms, in concert with our brokerage relationship through Wells Fargo Advisors.

A summary by investment fund is as follows:

ObjectiveInvestment TypesManagement Firms(s)
Fixed IncomeCorporate bonds
US Treasuries and agencies
Corporate asset-backed securities
Bond mutual funds
Bond ETFs
(all rated AAA to BBB)
Sage Advisory Services
Wells Fargo Advisors
Equity GrowthGrowth-oriented stocks
Equity ETFs
Churchill Management Group
Sage Advisory Services
Equity DividendDividend-paying stocks
Short-position ETFs
PVG Asset Management
Wells Fargo Advisors
Higher-YieldBond mutual funds
High dividend-yield stocks
High dividend-yield ETFs
(some rated BB and below)
Wells Fargo Advisors
AlternativeEnergy-sector MLP mutual funds
Real estate investment trusts
Managed futures
Wells Fargo Advisors
Campbell & Company
Winton Capital Management

Our investment philosophy is different than that of the typical individual investor, who tends to focus mainly on accumulation. Because Legacy Deo is in a perpetual phase of distribution, our orientation is toward long-term capital preservation and reasonable risk-reward tradeoffs. To illustrate, the Equity Growth Fund may hold a large portion of its assets in cash equivalents during volatile markets. Therefore, our investment performance may lag that of broad-market indexes.