Portfolio management · Lancaster, PA
Active management, for people who want a direct relationship with the person managing the account.
For individuals and families with meaningful investable assets who want a concentrated, actively managed portfolio and a working relationship with the person making the decisions.
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Concentrated portfoliosPositions chosen and sized for your situation, not allocated from a shared model. Concentration can increase volatility and the impact of any single holding.
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One point of contactThe person making the decisions, with no junior associates.
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Fee-only fiduciary1.00% down to 0.60%, blended by tier.
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Schwab custodyAssets are held at a qualified custodian in your name.
Why this looks different
Each account is managed on its own
Each portfolio is managed individually, and you work directly with the person making the decisions.
The person deciding what to buy or sell in your account is the same person who knows your situation, your tax picture and what you’re planning for.
This page describes how the firm works. It is not a guarantee of better results than a diversified model, an index, or another adviser.
A typical firm at scale
Many accounts, one shared model.
Reese Legacy Capital
Each portfolio managed individually.
What’s included
What’s included
Concentrated, high-conviction portfolios
Positions chosen and sized deliberately, not spread across a generic model allocation. A more concentrated book can produce larger gains and larger losses in individual names.
Direct access to the manager
You talk with the person managing the portfolio, by phone, by email or in the office in East Petersburg.
Liquidity-event awareness
Tax-aware handling of concentrated stock, equity compensation, or proceeds from a business sale, coordinated with your CPA when useful.
Options, only where they fit
Where suitable, options may be used to generate premium income or to define a range of outcomes. Options involve their own risks: premiums can be small relative to a decline in the underlying, covered calls cap upside, and options do not eliminate market loss. They are not used in every account.
Plain-language reporting
Reporting that explains what changed in the portfolio and why, in addition to account statements from the custodian.
Coordination with your other advisers
Working alongside your CPA or attorney on timing and tax lot questions. Reese Legacy Capital does not provide legal or tax advice.
Who this is for
Who this is usually for
Business owners and executives
After a liquidity event, an exit, or vested equity that needs a written plan.
Individuals with inherited wealth
Who want active management around a specific tax picture and time horizon, rather than a generic allocation.
Anyone leaving a large-firm relationship
Who wants to work directly with the person managing the money.
Fit is determined in conversation and in a written proposal.
How we begin
How we get started
Conversation
An unhurried conversation about your situation, your goals, and whether the relationship is a fit for both sides.
Proposal
A written portfolio proposal and fee schedule specific to you. Nothing in that proposal is advice you should act on until an advisory agreement is signed.
Onboarding
Account setup with a qualified custodian and a transition plan for existing holdings. How moving your accounts works.
Ongoing management
Discretionary management under a limited power of attorney you sign at the start, with me as your point of contact for as long as we work together.
Fees
Fees
An annual percentage of the assets I manage, billed quarterly in arrears. Each rate applies only to the dollars in its tier, so a larger account pays a lower blended rate. No commissions, product sales, or referral fees.
The stated minimum account size is $250,000 and may be reduced or waived case by case. Fees are negotiable. The signed advisory contract controls.
Common questions
Common questions
What’s your account minimum?
$250,000, which may be reduced or waived on a case-by-case basis.
How involved are you day to day?
You work with me directly. How often we talk depends on your preference and what is happening in the account.
Do you use model portfolios?
No. Portfolios are built and managed around your situation, tax picture, and goals. That does not mean every holding is unique to you, or that a concentrated approach is appropriate for every investor.
How do you charge?
Fee-only. Annual fee from 1.00% down to 0.60% of assets under management, blended by tier. See the full fee schedule.
Where do you work?
The firm is based in Lancaster County, Pennsylvania, and is registered as an investment adviser in the Commonwealth of Pennsylvania. Most relationships are local. A limited number of clients in other states may be served by video where state de minimis rules allow. Inquiries from states where the firm is not registered are reviewed before any engagement.
Let’s talk about whether this is a fit.
A direct conversation about where you are, what you hold, and whether active, concentrated management makes sense for you.
Disclosures
Reese Legacy Capital is a registered investment adviser in the Commonwealth of Pennsylvania. Registration does not imply a certain level of skill or training.
This page is general information about the firm’s services. It is not personalized investment, tax, or legal advice, an offer to buy or sell any security, or a recommendation that any person follow a particular strategy. Advisory services are provided only under a written advisory agreement and only after the firm has determined that the relationship is appropriate.
Investing involves risk, including possible loss of principal. A concentrated portfolio can be more volatile than a broadly diversified portfolio. Options can expire worthless, cap upside, and still leave the account exposed to declines in the underlying securities. Past performance is not indicative of future results.
Assets are custodied at Charles Schwab & Co., Inc., or another qualified custodian, in the client’s name. Schwab does not sponsor, supervise, or endorse Reese Legacy Capital.
For a full description of services, fees, conflicts, and risks, request Form ADV Part 2A, or review the firm on the SEC’s Investment Adviser Public Disclosure site at adviserinfo.sec.gov. Those documents control if anything on this page is incomplete.