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Lfn Advisors Inc.
SEC-regulated
Registered investment advisor
Legacy Financial Network (LFN) Advisors Inc. is a registered investment adviser founded in 2013 by Michael Jay Markey, Jr. The firm specializes in providing financial planning services and acts as a solicitor for Gradient Investments, a third-party investment manager. LFN offers asset management services on a discretionary basis, where the firm actively monitors and advises on buying, selling, and holding securities based on clients' financial situations and objectives. Clients have the option to impose restrictions on their accounts and can instruct LFN not to purchase certain securities.
LFN charges an annualized investment advisory fee of 1.5% of total assets under management, which is billed quarterly in arrears. The firm does not require a minimum account size to open an account. LFN does not sponsor wrap fee programs and managed $15,651,174 of client assets as of December 31, 2024. The firm does not receive external compensation for the sale of securities to clients.
The investment strategy at LFN is based on clients' stated goals and objectives, utilizing methods of analysis such as charting, fundamental, technical, and cyclical analysis. Clients are advised on the risks associated with investing, including interest-rate risk, market risk, and inflation risk. LFN does not engage in performance-based fees and does not vote proxies on client securities.
LFN's supervised persons, including Michael Jay Markey, Jr., Dale Anderson, and Royce E. Young, are licensed insurance agents with Legacy Financial Network, creating a potential conflict of interest. These individuals receive commissions for insurance products sold, separate from the advisory fees paid to LFN. The supervised persons are supervised by Michael Jay Markey, Jr., who reviews their work through client account reviews and interactions.
For more information about LFN Advisors Inc. and its supervised persons, clients can refer to the firm's brochure and the respective supervised person brochures available on the SEC's website.
This firm is a Regulated Investment Advisor
Fiduciary duty to act in the best interests of your finances
Regulated by The Securities and Exchange Commission (SEC)
Transparent about fees and never take commission when recommending a financial product
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