# Donovan Legacy Advisors

Donovan Legacy Advisors is a Multi Family Office based in New York, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** donovanlegacy.com

## Regulatory record

- **CRD number:** 323659
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/323659

## About

Donovan Legacy Advisors, LLC is a state-registered investment adviser with approximately $4 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a small team.

## People

- Patricia Donovan — Founder & Managing Partner

## Questions

### How is Donovan Legacy Advisors compensated?

The firm operates on a fee-only advisory model, charging families a percentage of assets under advisement. There are no commissions, proprietary product fees, or placement fees from fund managers. This structure aligns the firm with client outcomes rather than product distribution incentives, which was central to Donovan's decision to leave the private banking ecosystem.

### Does Donovan Legacy Advisors take direct equity stakes in operating companies?

The firm evaluates direct co-investment opportunities alongside institutional fund managers for individual client families. It does not operate a balance sheet or raise pooled investment vehicles. Each family decides independently whether to participate in a given deal, based on their own liquidity and concentration parameters.

## Related profiles

- [Donglin Capital](https://altss.com/profile/donglin-capital)
- [Doorway Property GP](https://altss.com/profile/doorway-property-gp-llc)

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Last updated: 2026-07-06T01:24:15.483Z

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