LIS Management Team

Legacy Investment Strategies (LIS) was created by Bradley Jerome, President of Legacy Financial Group. LIS supporting management, investment insights, and trading execution are provided by Shane Heddy, Director of Planning. Together, Brad and Shane collaborate with industry leading third-party economic and investment teams which include Federated Hermes, Janus Henderson, Franklin Templeton, and BNY Mellon. Frequent conversations with these experts, combined with data-driven research, shape the timing and decisions that are made within the LIS models. Pershing LLC is the custodian for the LIS models.

LIS has established six investment models that range from Ultra Conservative to Aggressive. The risk range of each model spans specific boundaries that correspond with the risk tolerance score outlined below. Within each model, there are asset allocation ranges that have been created for equities (including sectors), fixed income, and other asset classes to give each model allocation guidelines in order to keep risk levels consistent.  

Using approved products lists, LIS screens out investments that do not meet certain criteria as suitable investments. From these approved funds, LIS uses Morningstar and FI 360 to screen for funds that meet the desired objective. This process is done on a quarterly basis to assure funds continue to meet the desired objective. These holdings are based on research with a 90-180 day outlook. 

Clients investing with LIS will be assigned to a model (or models) to create a more effective review and monitoring process. Each client will be assigned to one of the six models based on their risk tolerance and time horizon. The client's risk score will be matched to a model with the appropriate risk range. Once a client opens and funds an LIS-managed account, the account will be traded to the appropriate model within two business days. 

LIS implements different review frequencies, each of which have unique objectives. Daily reviews are designed to monitor for seismic shifts from the previous day that could indicate a shift in the trends of the markets using Morningstar. In monthly reviews, LIS looks at fund rating, model returns, possible holding changes, fund turnover, and any fund management changes. Quarterly meetings are designed for in-depth investigation. Online reporting software is used to see if any funds have undergone significant changes since they were initially used in each model. This review also includes meetings with our economic teams to see if any changes have occurred since the previous quarter.

Notes and any model changes that occur as a result of these reviews are documented on the server at Legacy Financial Group as well as on the Office 365 server. Also documented is any due diligence that has been performed.

If any changes are deemed necessary because of a review meeting, LIS will block trade any models that are affected by these changes. As a result of the permission that has been granted by the client via the Advisory Agreement, LIS will trade all accounts that have been assigned to a model that has been earmarked for change. 

LIS Aggressive Growth Model:

• Investment objective: Aggressive Growth
  
• Risk Tolerance: High (risk range: 75-99)
  
• Asset allocation guidelines:

LIS Growth Model:

• Investment objective: Growth
  
• Risk Tolerance: High (risk range: 60-80)
  
• Asset allocation guidelines:

LIS Moderate Growth Model:

• Investment objective: Growth/Income
  
• Risk Tolerance: Moderate Plus (risk range: 50-70)
  
• Asset allocation guidelines:

LIS Balanced Model:

• Investment objective: Growth/Income
  
• Risk Tolerance: Moderate (risk range: 40-60)
  
• Asset allocation guidelines:

LIS Conservative Model:

• Investment objective: Income
  
• Risk Tolerance: Low (risk range: 30-50)
  
• Asset allocation guidelines:

LIS Ultra Conservative Model:

• Investment objective: Capital Preservation
  
• Risk Tolerance: Low (risk range: 10-40)
  
• Asset allocation guidelines: