American Family Legacy Group provides investment management and financial planning services to individuals, high-net-worth clients, and businesses. Led by Wayne Fernow and based in Tampa, Florida, American Family Legacy Group offers both wrap-fee programs (where trading, custody, and advisory services are bundled) and non-wrap fee arrangements. When managing your investments, American Family Legacy Group builds personalized portfolios using exchange-traded funds, mutual funds, individual stocks, bonds, and options, operating with the authority to make trades on your behalf. In addition to portfolio management, American Family Legacy Group offers a six-step financial planning process covering retirement, estate, tax, budget, and college planning. The firm typically recommends holding assets at Charles Schwab or Interactive Brokers.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 2.50% |
| $500K - $1.0M | 1.95% |
| $1.0M - $2.0M | 1.75% |
| $2.0M - $3.0M | 1.65% |
| $3M+ | 1.50% |
Fees are negotiable based on the representative assigned, asset size, complexity, and servicing needs. Non-wrap fee program ranges from 0.50% to 1.50%.