Family Legacy, Inc. has been serving clients since May of 1995. The advisory firm is owned by
Christopher A. Brown. William W. Brown, the founder of the business continues to take an active
role in the business. Together, they form a father and son team that has backgrounds in tax and
accounting. Both are Certified Public Accountants and Personal Financial Specialists. Christopher
A. Brown is authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the
CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board
certification and renewal requirements.
Family Legacy, Inc. provides portfolio management and financial planning services. Through
personal discussions in which goals and objectives based on a client’s particular circumstances are
established, Family Legacy, Inc. develops a client’s personal investment policy and creates and
manages a portfolio based on that policy. Our firm enters into a portfolio management agreement
with all clients making investment decisions for the account according to the investment objectives
and financial circumstances as shown in the client’s investment policy statement.
Family Legacy, Inc. provides this service to individuals, pension and profit-sharing plans, trusts,
estates, charitable organizations and corporations. Family Legacy, Inc. primarily manages advisory
accounts on a discretionary basis. Factors considered in making investment decisions include the
account size, risk tolerance and the client’s investment experience and any other pertinent
information discussed with a client during consultation or in the process of developing the client’s
investment policy.
Family Legacy, Inc. assists each client in determining the amount of risk versus return in various
investment vehicles and helps the client in allocating his or her assets between the various asset
classes.
Family Legacy, Inc. will maintain periodic and appropriate communication with the client. Family
Legacy, Inc. monitors the performance of the account and continually assesses the client’s risk
tolerance and changes the asset allocation as necessary.
Family Legacy, Inc. manages money on a discretionary basis in primarily two ways.
Since the company’s inception, the company has utilized individually managed accounts, which for
larger accounts (typically a minimum account size of $250,000), have been primarily made up of
individually traded securities.
For individually managed accounts, our philosophy is conservative and emphasizes high-quality,
high-yielding stocks and other large-cap stocks for the majority of portfolio assets. We also use mid-
cap and other stocks to a lesser degree. Government bonds, preferred stocks, convertible securities,
real estate investment trusts, no-load mutual funds, exchange traded funds and other
investment vehicles are utilized to achieve greater diversification and to include international
investing and other fixed instruments. Mutual funds and exchange traded funds will be selected on
the basis of any or all of the following criteria: The fund’s performance history, the industry sector
in which the fund invests, the track record of the fund’s manager, the fund’s investment objectives,
the fund’s management style and philosophy and the fund’s management fee structure. Portfolio
weighting between funds and market sectors will be determined by each client’s individual needs
and circumstances. Clients will have the opportunity to place reasonable restrictions on the types of
investments which will be made on the clients’ behalf. Clients will retain individual ownership of all
securities.
Family Legacy, Inc. also offers asset allocation portfolios consisting of no-load mutual funds,
exchange traded funds and other pooled investment vehicles within Family Legacy, Inc.’s discretion.
The use of no-load mutual funds, ETFs
and other pooled investment vehicles allows Family Legacy,
Inc. to diversify accounts through the use of these investments rather than the selection of
individual stocks, bonds and other securities described above. Accounts that are smaller than those
accepted by Family Legacy, Inc. as separately managed accounts described above may be accepted
as asset allocation portfolios. In all cases, minimum account size is negotiable.
Asset allocation portfolios using mutual funds, ETFs and other pooled investment vehicles may be
used for any size account depending on the client’s preferences and circumstances.
Family Legacy, Inc.’s asset allocation portfolios are constructed as model portfolios of mutual funds,
ETFs and other pooled investment vehicles. Client assets are managed according to a model that is
suitable to the client’s individual investment objectives, risk tolerance and financial circumstances.
Clients may place reasonable restrictions on assets selected by Family Legacy, Inc. for
implementation of the client’s portfolio.
Family Legacy, Inc. also provides advisory services to participant-directed employee retirement
benefit plans on a non-discretionary basis. Adviser will analyze the plan's current investment
platform, and assist the plan in creating an investment policy statement defining the types of
investments to be offered and the restrictions that may be imposed.
Family Legacy, Inc. will recommend investment options to achieve the plan's objectives, provide
participant education meetings, and monitor the performance of the plan's investment vehicles.
Family Legacy, Inc. will recommend changes in the plan's investment vehicles as may be
appropriate from time to time and will review the plan's investment vehicles and investment policy
as necessary.
Family Legacy, Inc. will generally engage new clients in a discovery process to define goals and
explore a client’s values as they relate to their personal financial situation. We will also meet with
clients on a periodic basis to review and update their individual financial plan as appropriate.
Family Legacy, Inc. may offer investment advice and financial planning services on a consultation
basis. Fees are charged on a fixed-fee basis, and a range of the fees to be charged for these services
are agreed upon before the work commences. In the client engagement letter, an actual schedule of
fees and dates to be paid are included. The client may terminate these services at any time and get a
full refund of any unearned portion of the fees upon written request.
Written Acknowledgement of Fiduciary Status
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way we make money creates some conflicts with your interests, so we
operate under a special rule that requires us to act in your best interest and not put our interest
ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give
loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
As of December 31, 2023, Family Legacy managed for clients and related parties $277,839,604 under
discretionary management. The Firm advised on another $22,221,896 of non-discretionary assets.