Legacy Venture Management, LLC (Palo Alto)

Name: Legacy Venture Management, LLC
Address: 180 Lytton Avenue, Palo Alto, CA, 94301
Telephone: 650-324-5980

Legacy Venture Management, LLC is a large advisory firm based in Palo Alto. It manages $1.97 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Legacy Venture Management provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Legacy Venture Management: assets under management

The assets under management (AUM) of Legacy Venture Management, LLC is $1.97 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 92% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.97 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $197.37 million each.

Legacy Venture Management has custody of $1.47 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Legacy Venture Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Legacy Venture Management serves?

The only and largest group of clients of Legacy Venture Management is pooled investment vehicles with 10 clients and $1.97 billion of assets under management. Among the 12 most similar advisory firms, Legacy Venture Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.97 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.

Legacy Venture Management also advises several private funds. Namely, ten venture capital funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Legacy Venture Management, LLC

The company employs 14 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Russell Bruce Hall	Managing member	1 Nov 1999	25% - 50%	2565739
Chris Allan Eyre	Managing member	1 Dec 2001	25% - 50%	5892982
Lance Riley Taylor	Chief financial officer	1 Dec 2005	Other	5892984
Alan Wayne Marty	Managing member	1 May 2008	25% - 50%	5892978
Yvonne Cecelia Hunt	Chief philanthropy officer	1 Nov 2009	Other	5892987
Kelli Ann Cullinane	Chief compliance officer, chief financial officer	1 Feb 2012	Other	6027176
Ben Chung Ming Choi	Managing member	1 Feb 2015	25% - 50%	6520941

Based in Palo Alto

The principal office where Legacy Venture Management, LLC performs its advisory services is located at 180 Lytton Avenue, Palo Alto, CA 94301, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-324-5980 or by fax 650-324-5982. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at legacyventure.com and its LinkedIn profile.