{
  "crd_number": 336029,
  "slug": "legend-capital-336029",
  "primary_business_name": "LEGEND CAPITAL",
  "legal_name": "LEGEND CAPITAL ADVISORS LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-06-13",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-07-27",
  "carried_forward": false,
  "raum_total": 250452109.0,
  "raum_discretionary": 250452109.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 118646.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 85871406.0,
      "count": 83
    },
    "pooled_investment_vehicles": {
      "raum": 150737005.0,
      "count": 12
    },
    "corporations_other_businesses": {
      "raum": 13725052.0,
      "count": 18
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "NC",
    "NJ",
    "NY",
    "OR"
  ],
  "websites": [
    "https://legendcap.com",
    "https://linkedin.com/in/adammerino"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/336029",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/legend-capital-336029",
  "display_name": "Legend Capital",
  "summary": "Legend Capital is an SEC-registered investment advisory firm, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 27, 2026.",
  "citation": "AdvisorCensus. Legend Capital (CRD 336029): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Legend Capital compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Legend Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Legend Capital charge?",
      "a": "Its Form ADV Part 2A brochure dated July 27, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Legend Capital registered with the SEC or a state?",
      "a": "Legend Capital is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 336029."
    },
    {
      "q": "How much does Legend Capital manage?",
      "a": "Legend Capital reports $250,452,109 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Legend Capital's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Legend Capital: Regulatory assets under management: $221,714,422 in the October 2025 data and $250,452,109 in the October 2026 data, up 13%. Total employees: 2 in October 2025 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Legend Capital serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (83); corporations or other businesses not listed above (18); pooled investment vehicles (other than investment companies and business development companies) (12)."
    },
    {
      "q": "Which custodians does Legend Capital use?",
      "a": "Legend Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Legend Capital report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/336029"
    },
    {
      "q": "Does Legend Capital state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 27, 2026 says: \"The Firm generally requires a minimum relationship size of $25 million. However, the Firm, in its sole discretion, may advise Client accounts below the minimum.\""
    },
    {
      "q": "What changed in Legend Capital's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 1. Registered or notice-filed in NJ."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 221714422.0,
      "total_employees": 2,
      "filing_date": "2025-07-15"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 250452109.0,
      "total_employees": 3,
      "filing_date": "2026-07-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 1.",
        "Registered or notice-filed in NJ."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 2 to 3."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.5% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": "$25,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The structure and level of Legend Capital’s advisory fees are negotiated individually based on the services provided to the and other considerations deemed relevant by the Firm but typically take the form of a percentage of assets under management, ranging from 0.50% to 1.50% per annum."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $25,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The Firm generally requires a minimum relationship size of $25 million. However, the Firm, in its sole discretion, may advise Client accounts below the minimum."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.5,
        1.5
      ],
      "max_pct": null,
      "account_minimum": 25000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The structure and level of Legend Capital’s advisory fees are negotiated individually based on the services provided to the and other considerations deemed relevant by the Firm but typically take the form of a percentage of assets under management, ranging from 0.50% to 1.50% per annum.",
      "The Firm generally requires a minimum relationship size of $25 million. However, the Firm, in its sole discretion, may advise Client accounts below the minimum."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/legend-capital-336029.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 83,
      "fewer_than_5": false,
      "raum": 85871406.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 150737005.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 118646.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 18,
      "fewer_than_5": false,
      "raum": 13725052.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/336029",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}