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| Client Profile - Legacy Consulting Group |
Reata Commercial Realty, Inc.
| Corporate Real Estate Advisors |
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Steve Martin used to tell a joke about how to make a million dollars.
“Well, first you get a million dollars…” was the punch line. That was
the late 70’s when a million bucks was still worth something.
But a million dollars won’t put you in the league with these guys. You’ll
need about $3 million in investable assets to qualify.
“Well, first you get a million dollars…” was the punch line. That was
the late 70’s when a million bucks was still worth something.
But a million dollars won’t put you in the league with these guys. You’ll
need about $3 million in investable assets to qualify.
Legacy Consulting Group is a wealth
management firm dedicated to providing highly
personalized service to a limited number of
families. Legacy helps those select clients
define what they want from of their lives. Their
mission is to provide their clients the opportunity
to live a great life.
Partners Roger Shake and Steve Wachs are not
as concerned about money as they are about
building a plan for wealth.
management firm dedicated to providing highly
personalized service to a limited number of
families. Legacy helps those select clients
define what they want from of their lives. Their
mission is to provide their clients the opportunity
to live a great life.
Partners Roger Shake and Steve Wachs are not
as concerned about money as they are about
building a plan for wealth.
“That plan is as unique as each one of our clients. That’s the reason we ask a lot of questions
about our clients' lives, dreams, and their plans as well as about their money,” says Roger.
Steve adds, “We believe money is a means, not an end.”
Simply stated, Legacy Consulting Group can help build a bridge to your dreams through their
Financial Life Planning® process. The focus here is broadening the conversation from asset
management to life management.
about our clients' lives, dreams, and their plans as well as about their money,” says Roger.
Steve adds, “We believe money is a means, not an end.”
Simply stated, Legacy Consulting Group can help build a bridge to your dreams through their
Financial Life Planning® process. The focus here is broadening the conversation from asset
management to life management.
Their Financial Life Planning® process is about
asking the right questions:
• Defining both the tangibles and intangibles
that you expect assets to provide.
• Anticipating life events and transitions, and
making financial preparations.
• Assisting in the process of establishing
financial goals that facilitate life goals .
• Exploring what money represents to you .
• Recognizing the non-financial aspects of
retirement.
asking the right questions:
• Defining both the tangibles and intangibles
that you expect assets to provide.
• Anticipating life events and transitions, and
making financial preparations.
• Assisting in the process of establishing
financial goals that facilitate life goals .
• Exploring what money represents to you .
• Recognizing the non-financial aspects of
retirement.
Legacy became a client of Reata Commercial Realty, Inc. in late 2004. Their goal - “We want to move
into a building and a space which is consistent with the image our clients expect.”
Legacy had been sharing space with an accounting firm for several years. But both companies
recognized that they had different goals for the space they occupied and their clients had different
expectations as well. But there was a year left on the lease and the space could not be divided.
into a building and a space which is consistent with the image our clients expect.”
Legacy had been sharing space with an accounting firm for several years. But both companies
recognized that they had different goals for the space they occupied and their clients had different
expectations as well. But there was a year left on the lease and the space could not be divided.
So a 3-step action plan was developed – 1) find a
new location for Legacy and negotiate a lease, 2)
find a replacement company for Legacy’s current
space that was acceptable to the accounting firm,
and 3) negotiate an early lease renewal for the
accountants which added the new company,
released Legacy from its lease obligation and
required the landlord to make improvements to the
space. Fortunately, the accountants had friends that
were interested in sharing space which solved a
major problem.
new location for Legacy and negotiate a lease, 2)
find a replacement company for Legacy’s current
space that was acceptable to the accounting firm,
and 3) negotiate an early lease renewal for the
accountants which added the new company,
released Legacy from its lease obligation and
required the landlord to make improvements to the
space. Fortunately, the accountants had friends that
were interested in sharing space which solved a
major problem.
name of the building had no bearing on the decision. Their space includes views overlooking a lake, a
fireplace in their conversation room, a flat panel in the conference room and artwork throughout –
definitely the image wealthy clients can appreciate.
The accounting firm remained in their space with a new lease at a rental rate more than 12% lower
than the then-current rent and the landlord paid for the changes needed to the suite.
This was a complicated deal that took some time to negotiate, but it was rewarding to see three
companies realize their goals through related transactions.
To learn more about Legacy Consulting Group, please see their website.
fireplace in their conversation room, a flat panel in the conference room and artwork throughout –
definitely the image wealthy clients can appreciate.
The accounting firm remained in their space with a new lease at a rental rate more than 12% lower
than the then-current rent and the landlord paid for the changes needed to the suite.
This was a complicated deal that took some time to negotiate, but it was rewarding to see three
companies realize their goals through related transactions.
To learn more about Legacy Consulting Group, please see their website.