Investment Process

Legacy is committed to developing high performance portfolios customized to each individual client's needs. To that end, we employ a disciplined investment process designed to consistently outperform benchmarks while controlling risk and volatility.

Our priority is to preserve capital, then grow that capital responsibly. We start with a team approach, pooling our talents to deliver consistent, comprehensive, and quality service. Then, using the most sophisticated tools available, we apply strict valuation and buy disciplines to our investment decisions, carefully reviewing each security's characteristics to ensure they meet our stringent criteria.

We deliberately construct client portfolios so that no single position can adversely affect the overall portfolio performance. We've refined this allocation decision process through years of experience, gaining the expertise necessary for managing complex, personal portfolios.

Conducting all research internally, Legacy has helped client portfolios benefit during positive market environments and preserve capital during the down markets.

What? and When?
Legacy's investment selection process is driven by two questions: "what should we buy?" and "when should we buy?"

Fundamental analysis seeks to answer the question "What to buy?" We focus on company-specific financial statements in an effort to identify the operating momentum and intrinsic value of an individual company.

We use a robust, discounted cash flow framework to select companies that are improving the productivity of their asset base and whose management understands the fundamental drivers that create shareholder wealth. Then, we use the valuation tools in the framework and apply company-specific information to determine an attractive price at which to purchase the stock.

As part of Legacy's process, we closely review industry and company trends to best evaluate the risk/return profile of each investment prior to executing a decision.

Technical analysis answers the question "When to buy?" a specific company's stock, through identifying patterns in stock price movement.

We leverage independent, industry-leading tools to track cycles of investor sentiment and forecast changes in market leadership and direction. These tools provide us with specific insights regarding impending shifts in market direction. We apply these insights to both industry sectors and individual stocks to optimize the final timing of our purchase and sale decisions.