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.
Read our 2016 Annual Report 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:
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.
Real Estate Sale
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:
|Objective||Investment Types||Management Firm(s)|
|Fixed Income||Corporate bonds|
US Treasuries and agencies
Corporate asset-backed securities
Bond mutual funds
(all rated AAA to BBB)
|Sage Advisory Services
Wells Fargo Advisors
|Equity Growth||Growth-oriented stocks|
|Churchill Management Group
Sage Advisory Services
|Equity Dividend||Dividend-paying stocks|
|PVG Asset Management
Wells Fargo Advisors
|Higher-Yield||Bond mutual funds|
High dividend-yield stocks
High dividend-yield ETFs
(some rated BB and below)
|Wells Fargo Advisors|
|Alternative||Energy-sector MLP mutual funds|
Real estate investment trusts
|Wells Fargo Advisors
Campbell & Company
Winton Capital Management