Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Tanglewood Legacy Advisors, LLC Overview
TANGLEWOOD LEGACY ADVISORS, LLC is a Houston-based investment advisory firm that specializes in investment advice only. The firm has been in business since 2016 and operates on a fee-only basis, allowing them to provide unbiased financial planning solutions to their clients. The team at TANGLEWOOD LEGACY ADVISORS, LLC offers a range of services, including portfolio management for individuals and small businesses. Apart from its core services, the firm also offers consulting services on an hourly or project basis. This additional offering allows clients to receive tailored guidance based on their needs and budgets. With a focus on financial planning and portfolio management, the professionals at TANGLEWOOD LEGACY ADVISORS, LLC help clients navigate market volatility, invest wisely, and grow their wealth over time. The firm's commitment to transparent fee arrangements underscores their dedication to minimizing conflicts of interest and protecting their clients’ best interests. With a strong reputation in the industry, TANGLEWOOD LEGACY ADVISORS, LLC has established itself as a trusted partner and resource for individuals, families, and businesses seeking professional guidance on their financial journeys.
TANGLEWOOD LEGACY ADVISORS, LLC caters to a wide range of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporation types not listed. They understand the unique needs of each client and tailor their services to meet those needs. For individuals looking to secure their financial future, TANGLEWOOD LEGACY ADVISORS, LLC offers personalized investment advice, tax planning, and estate planning. High net worth individuals can benefit from their expertise in managing complex financial portfolios, while pension or profit sharing plans can receive tailored retirement planning assistance. Charitable organizations can rely on them for expert advice on tax-efficient giving strategies. When it comes to fee structures, TANGLEWOOD LEGACY ADVISORS, LLC offers flexibility to their clients. Depending on the service provided, clients can choose from different fee structures such as the percentage of assets under management (AUM) fee, hourly fee, or fixed fees. The percentage of AUM fee is a common fee structure for investment advisory services, where the firm charges a percentage of the client's assets under management. Hourly fees are popular for specialized services, where the firm charges clients an hourly rate for their time. Fixed fees are ideal for services with a predetermined timeline or scope of work. TANGLEWOOD LEGACY ADVISORS, LLC also offers transparency in their fees and works hard to ensure their clients fully understand the fees associated with their services.
Typical Clients, Fee Structures & Investment Minimum
According to TANGLEWOOD LEGACY ADVISORS, LLC's Part 2 Brochure, the firm's investment minimum may vary depending on the type of account and investment strategy selected. The note states that "minimum required account sizes and investment minimums vary and are subject to change at the discretion of the firm." Therefore, it is unclear what the specific investment minimum is and it may be best to contact the firm directly for more information.
How This Office Can Help Harris County, TX Residents
Tanglewood Legacy Advisors, LLC is a financial advisor firm that proudly serves clients in Harris County, TX, providing them with comprehensive financial and investment planning services. Through an extensive range of financial solutions, the firm helps its clients effectively navigate through various financial situations, such as retirement planning, tax planning, estate planning, wealth preservation, and investment management. The firm's team of experienced advisors works closely with clients in Harris County to understand their unique financial needs, goals, and concerns, and then develops customized financial plans that are tailored to their specific situations. Whether a client is looking to grow their wealth, protect their assets, or plan for their future, Tanglewood Legacy Advisors, LLC can provide expert guidance and advice to help them achieve their financial goals. By offering a blend of sound financial strategies, disciplined investment management, and prudent risk management, Tanglewood Legacy Advisors, LLC is the financial partner of choice for clients in Harris County, TX who are looking to achieve financial security and success.
Services Offered by Tanglewood Legacy Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Tanglewood Legacy Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Tanglewood Legacy Advisors, LLC is registered to service clients in the following states:
- Florida
- New York
- Texas
Disciplinary History
Tanglewood Legacy Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.