Michael Crough
Michael Crough is a registered investment advisor at Legatum Services LLC, based in St Augustine, FL, with 3 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 1 clients with $1.2M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 2.50% |
| $250K - $500K | 2.50% |
| $500K - $1.0M | 2.50% |
| $1.0M - $2.5M | 2.50% |
| $2.5M - $5.0M | 2.50% |
| $5M+ | 2.50% |
Clients will select a fee structure on the Investment Advisory Agreement, either a tiered structure or a linear structure. For a tiered structure, each level of assets is charged it own corresponding percentage rate. For example, a tiered fee schedule might charge 2% on the first $500,000, 1.75% on the nest $500,000 and 1.5% on the nest $500,000, effectively giving the client a blended and lower rate than the maximum fee of 2.5%. The linear structure the fees are decreased as a client's assets grow and breakpoints are met. Once a breakpoint has been met all of the assets back to dollar one are then charged at the new lower percentage rate.
Fee Estimator
Location
4475 Us 1 South Suite 207, St Augustine, FL, 32086
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael is the owner of Crough Financial Services, an insurance business, since 2014. He spends minimal time on administrative duties related to this business.
Employment History
Current Registrations
Legatum Services LLC
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.