Legend Financial Advisors

Louis P. Stanasolovich, the firm's founder and CEO, leads the investment committee. Stanasolovich has been a registered investment advisor representative since the firm's inception and contributes regularly to financial media on portfolio construction and tax-efficient investing strategies (public record).

Legend employs full-time CPAs and enrolled agents who work alongside portfolio managers under the same roof. Unlike most RIAs that refer clients to external tax preparers, Legend's internal tax department prepares client returns, executes tax-loss harvesting, and advises on asset location strategies simultaneously with portfolio management decisions—creating a continuous feedback loop between a client's tax situation and their investment allocations.

Legend's client base skews toward high-net-worth individuals and professionals with complex tax situations. The firm has particular visibility among physicians and dentists, having been listed in Medical Economics' rankings of top financial advisors. Legend also serves corporate retirement plan sponsors under an ERISA fiduciary framework.

No. Legend operates as a fee-only RIA, constructing client portfolios from individual securities, mutual funds, and ETFs. The firm does not manufacture or distribute proprietary investment products, which eliminates the conflict of interest inherent in selling in-house funds to advisory clients.

Legend was founded as and remains a fee-only RIA, meaning it is not affiliated with a broker-dealer or insurance company. The firm charges advisory fees rather than commissions, a structure that predates the broader industry shift toward fee-based models (public record).