Asset Management

Rates of return and discount pricing are not the cornerstone of a trusting relationship. Certainly, pricing is important and reaching for a higher rate of return may be your goal, but at what cost?

Understanding risk is where our investment strategies begin. You won’t often hear us talking about the hottest stock, sector or money manager. Instead we believe success over the long run requires mitigating the risk of catastrophic loss as a first priority, even in aggressive strategies. In our view, money management is a marathon, not a sprint.

At Legacy Capital Group our mission is clear: Manage your assets in a way that helps maintain your chosen lifestyle.

INVESTMENT STRATEGIES

No strategy can be completely effective under all economic conditions, so we deploy multiple strategies to help achieve your objectives and mitigate risk. This leads to our focus on implementing complimentary, low-correlated investment strategies.

We use a select number of third party investment managers to implement the following strategies:

Risk Management – designed to participate in equity markets yet help limit portfolio volatility and the risk of extensive capital loss. Money market and cash positions may be used during adverse marketing conditions to help minimize risk. Equity exposure is limited to domestic positions.

Dynamic Growth – designed to help achieve returns through taking a more aggressive approach by keeping assets fully invested. Accounts are 100% invested in domestic equity positions across a wide variety of asset classes and styles. This strategy may have more volatility up and down than the risk-managed options.

Equity Plus – designed to seek capital appreciation in all market conditions, while benefiting in trends in global and domestic markets. This complex strategy may be long, short and/or hedged in domestic and international equity positions, as well as invested in bond funds and cash.

Hedge Fund / Alternative* – designed to provide risk-managed growth and often structured to have low correlation to the broader equity markets. We use the “Fund of Funds” approach, and these options are generally structured as limited partnerships restricted to accredited and/or qualified investors. They employ a variety of strategies including managed futures, fixed-income arbitrage, convertible arbitrage, momentum, distressed markets and long/short equity.

Long Equity – designed to offer access to many of the world’s top asset managers through our proprietary NFP Advisor Enterprise Platform. We build your long-equity positions by constructing a portfolio of style-specific managers who each specialize in a particular asset style (growth, blend or value) or class (large cap, mid cap, small cap, global/international, emerging markets and sector managers). We offer consolidated reporting, web access and quarterly performance information.

Income – designed to produce a consistent and predictable income stream while having stable underlying assets. We have a particular expertise in using real estate backed assets* (REITs listed and non-listed, limited partnerships, etc.) on a leveraged and non-leveraged basis to provide stable and often partially sheltered income. Using bonds, we can construct portfolios comprised of any combination of traditional issues including treasuries, corporates, agencies, mortgage-backed and munis. Through our NFP Advisor Enterprise Platform, we have access to several fixed income managers as well.

 

* Alternative Investments are often speculative, lack liquidity, lack diversification, are not subject to the same regulatory requirements as securities and mutual funds, may involve complex tax structures and delays in distributing important tax information, and may involve substantial fees.  These products often execute trades on non-US exchanges.  Investing in foreign markets may entail risks that differ from those associated with investments in U.S. markets.  These investments may not be appropriate for all investors.

* Real estate investing (REIT) involves risks such as refinancing in the real estate industry, interest rate risk, lease terminations, and potential economic and regulatory changes.  The value of the shares in the trust will fluctuate with the portfolio of the underlying real estate related investments.  There can be no assurance that a secondary market for the REIT will be maintained by the issuer.  The investment may be illiquid.  Redemption price of a REIT may be worth more or less than the original price paid for units of the trust.

 

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC.  Investment Advisory Services may be offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS.  Legacy Capital Group is a member of PartnersFinancial and Benefits Partners, both a platform of NFP Insurance Services, Inc. (NFPSI) which is an affiliate of Kestra IS.  Legacy Capital Group is not affiliated with Kestra IS, Kestra AS, and NFPSI.