{
  "crd_number": 108207,
  "slug": "legend-financial-advisors-inc-pittsburgh-pa-108207",
  "primary_business_name": "LEGEND FINANCIAL ADVISORS INC",
  "legal_name": "LEGEND FINANCIAL ADVISORS INC",
  "dbas": [],
  "city": "Pittsburgh",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "38300",
  "metro": {
    "cbsa_code": "38300",
    "common_name": "Pittsburgh",
    "msa_name": "Pittsburgh, PA",
    "path": "/advisors/pa/pittsburgh"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1993-09-14",
  "years_registered": 33,
  "period": "2026-10-01",
  "filing_date": "2026-03-24",
  "carried_forward": false,
  "raum_total": 389919871.0,
  "raum_discretionary": 389919871.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 11,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 166529.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 48942267.0,
      "count": 98
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 11290817.0,
      "count": 2,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 329131150.0,
      "count": 117
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 389108.0,
      "count": 1,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "MD",
    "NC",
    "NH",
    "NJ",
    "PA",
    "TX"
  ],
  "websites": [
    "https://facebook.com/legendfinancialadvisors",
    "https://instagram.com/legendfinancialadvisors",
    "https://legend-financial.com",
    "https://linkedin.com/company/legend-financial-advisors-inc",
    "https://linkedin.com/in/jimholtzman",
    "https://twitter.com/LegendFinancial",
    "https://twitter.com/jamesholtzman",
    "https://youtube.com/user/legendfinancialadvis"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108207",
  "city_as_filed": "PITTSBURGH",
  "url": "https://advisorcensus.com/firm/legend-financial-advisors-inc-pittsburgh-pa-108207",
  "display_name": "Legend Financial Advisors Inc",
  "summary": "Legend Financial Advisors Inc is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 1993, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.",
  "citation": "AdvisorCensus. Legend Financial Advisors Inc (CRD 108207): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Legend Financial Advisors Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Legend Financial Advisors Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Legend Financial Advisors Inc charge?",
      "a": "Its Form ADV Part 2A brochure dated March 24, 2026 states: Hourly rate: $300 an hour (Wealth Advisor); Hourly rate: $150 an hour (Senior Assistant Wealth Advisor); Hourly rate: $100 an hour (Assistant Investment Analyst); Hourly rate: $75 an hour (Administrative); Hourly rate: $25 an hour (Clerical). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Legend Financial Advisors Inc located?",
      "a": "Legend Financial Advisors Inc's principal office is in Pittsburgh, PA, according to its Form ADV."
    },
    {
      "q": "Is Legend Financial Advisors Inc registered with the SEC or a state?",
      "a": "Legend Financial Advisors Inc is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 108207."
    },
    {
      "q": "How much does Legend Financial Advisors Inc manage?",
      "a": "Legend Financial Advisors Inc reports $389,919,871 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Legend Financial Advisors Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Legend Financial Advisors Inc: Regulatory assets under management: $311,093,887 in the October 2021 data and $389,919,871 in the October 2026 data, up 25%. Total employees: 11 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Legend Financial Advisors Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (117); individuals (other than high net worth individuals) (98); pension and profit sharing plans (but not the plan participants or government pension plans) (2)."
    },
    {
      "q": "Which custodians does Legend Financial Advisors Inc use?",
      "a": "Legend Financial Advisors Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Legend Financial Advisors Inc 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/108207"
    },
    {
      "q": "What changed in Legend Financial Advisors Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $335,389,223 to $389,919,871 (+16%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 311093887.0,
      "total_employees": 11,
      "filing_date": "2021-07-16"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 299570753.0,
      "total_employees": 10,
      "filing_date": "2022-04-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 246567581.0,
      "total_employees": 12,
      "filing_date": "2023-09-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 308473044.0,
      "total_employees": 11,
      "filing_date": "2024-08-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 335389223.0,
      "total_employees": 11,
      "filing_date": "2025-03-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 389919871.0,
      "total_employees": 11,
      "filing_date": "2026-03-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $335,389,223 to $389,919,871 (+16%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Registered or notice-filed in NH.",
        "No longer registered or notice-filed in VA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 24, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $300 an hour (Wealth Advisor)",
      "Hourly rate: $150 an hour (Senior Assistant Wealth Advisor)",
      "Hourly rate: $100 an hour (Assistant Investment Analyst)",
      "Hourly rate: $75 an hour (Administrative)",
      "Hourly rate: $25 an hour (Clerical)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (Wealth Advisor)"
        ],
        "quotes": [
          "Wealth Advisor:      $300.00 per hour"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 an hour (Senior Assistant Wealth Advisor)"
        ],
        "quotes": [
          "Senior Assistant Wealth Advisor:    $150.00 per hour"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $100 an hour (Assistant Investment Analyst)"
        ],
        "quotes": [
          "Assistant Investment Analyst:   $100.00 per hour"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $75 an hour (Administrative)"
        ],
        "quotes": [
          "Administrative:      $75.00 per hour"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $25 an hour (Clerical)"
        ],
        "quotes": [
          "Clerical:       $25.00 per hour"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Wealth Advisor"
        },
        {
          "kind": "hourly",
          "amount": 150.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Senior Assistant Wealth Advisor"
        },
        {
          "kind": "hourly",
          "amount": 100.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Assistant Investment Analyst"
        },
        {
          "kind": "hourly",
          "amount": 75.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Administrative"
        },
        {
          "kind": "hourly",
          "amount": 25.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Clerical"
        }
      ]
    },
    "quotes": [
      "Wealth Advisor:      $300.00 per hour",
      "Senior Assistant Wealth Advisor:    $150.00 per hour",
      "Assistant Investment Analyst:   $100.00 per hour",
      "Administrative:      $75.00 per hour",
      "Clerical:       $25.00 per hour"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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-financial-advisors-inc-pittsburgh-pa-108207.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 98,
      "fewer_than_5": false,
      "raum": 48942267.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 117,
      "fewer_than_5": false,
      "raum": 329131150.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 11290817.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 166529.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 389108.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/108207",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}