The Short Version
Planning and coordination is a flat $17,500 a year, or $26,000 a year with two family summits. It's the same whether the ground sells for four million or forty, or not at all. If you'd rather not hire a separate manager for the proceeds, we can manage them here, for a separate fee. We take no commissions from anyone.
A family selling farmland will be quoted a great many numbers over the following year: broker percentages, escrow costs, sponsor loads, and the quiet spread inside a product nobody itemizes. The fee for this firm is not one of the ones you have to go looking for.
We publish it for a practical reason. A flat annual engagement of this size is not right for every family, and finding that out in the fourth meeting wastes something neither of us can get back. If the number works, the conversation continues from a place of clarity. If it does not, no one has spent a month finding out.
Legacy Land Advisory
The core engagement is a flat $17,500 per year. It covers the financial planning around a farmland transaction, the reinvestment strategy afterward, and a review of the estate plan so the proceeds land where the family intends them to land. It includes coordination with the professionals already around the family: the CPA, the estate attorney, the qualified intermediary, the broker.
A second version of the engagement runs $26,000 per year and adds two facilitated family summits, bringing children and grandchildren into the room. For families whose real objective is a transition that the next generation understands and accepts, those two meetings are frequently the part of the year that matters most.
Planning fee
$17,500 a year
$26,000 a year with two family summits
Payment terms are set out in your advisory agreement.
The planning fee is the same whether the ground sells for four million or forty. That is deliberate.
A firm paid a percentage of the transaction has a financial stake in the transaction happening, and in it being as large as possible.
Starting smaller: the one-time financial plan, $6,000
Open to any family, farm or not. It includes the Second Look and a written financial plan you carry out yourselves. It does not include our coordination.
Planning fee
$6,000 one-time financial plan
Payment terms are set out in your advisory agreement.
Ongoing planning for families who don't farm
Families whose wealth is a business, rental property or inherited accounts rather than farmland work with us under our Comprehensive Financial Planning service, at these fees. More on that work.
Planning fees
$1,200 a month plus $4,000 up front: ongoing financial planning
$2,000 a month plus $4,000 up front: ongoing planning with two family summits a year
Payment terms are set out in your advisory agreement.
Asset management, if you want it
Some families also ask us to manage the proceeds. That is a separate service with a separate fee, and either can be engaged without the other.
If you want us to manage investments, that's a separate fee: 1.5% a year when the assets we manage total up to $1,000,000, 1.25% from $1,000,001 to $3,000,000, and 1.0% above $3,000,000. One rate applies to everything we manage. It's figured on the average daily balance and deducted from your account at LPL Financial after each quarter, with your written authorization, and we send you an itemized invoice. Fees are generally negotiable; your final fees are set in your advisory agreement. Comparable services may be available from other firms at lower fees.
One thing you should know up front. Our planning fee is flat, but if you sell and ask us to manage the proceeds, we earn more than if you keep the land. That's a real conflict, so we handle it with order: the keep-or-sell analysis is finished and in your hands, in writing, before we talk about managing a dollar of it.
You are under no obligation to act on our recommendations, or to use us to carry them out.
Our asset management fee rises and falls with your accounts, and we still earn it in down markets.
Advisory fees reduce investment returns over time, and no fee arrangement or adviser can guarantee an investment outcome.
Client assets are held at LPL Financial. Avidity Capital does not take custody of client funds.
What we are not paid
This part matters more than the fees above. Avidity Capital receives no commissions, no referral fees, and no revenue sharing from sponsors, issuers, product providers, or other professionals. A Delaware Statutory Trust is sometimes part of a family's reinvestment strategy. We are paid nothing on a DST. It isn't held in any account we bill.
That is not restraint. Theron Morgan gave up his brokerage license when he founded the firm in 2021, which means commission compensation is not something we decline; it is something we cannot accept. The reason for that decision is the more useful story.
We do not work with everyone
Legacy Land Advisory serves a small number of California farm families each year, and the fit runs in both directions. Before an engagement begins we want to understand what the family is actually trying to accomplish, what the debt and equity position looks like, and what roles the family wants to play afterward. Some families want to stay landlords. Some want nothing tied up. Some need income now; others need it in twelve years.
When the work called for is not work this firm is positioned to do well, we say so, and where we can, we point toward someone better suited. That is a better outcome than an engagement neither side should have started. Our who we serve page describes the families the engagement is built for, where we work, and what fee-only means here.
Legacy Land Advisory
Want to know whether this is a fit before you invest any more time?
The first conversation is confidential, with no charge and no obligation. If we are not the right firm for your situation, you will hear that in the first meeting rather than the fourth.
Working with a family as their attorney or CPA? Start here.
Common Questions
Fees and Engagement:
What Families Ask
What does Legacy Land Advisory cost?
Legacy Land Advisory is a flat annual fee of $17,500. A version that includes two family summits per year, bringing children and grandchildren into the planning conversation, is $26,000 annually. The planning fee does not change based on the size of the land sale or the amount of any reinvestment, and Avidity Capital receives no commissions, referral fees, or revenue sharing from any third party.
How are asset management fees charged?
If you want us to manage investments, that's a separate fee: 1.5% a year when the assets we manage total up to $1,000,000, 1.25% from $1,000,001 to $3,000,000, and 1.0% above $3,000,000. One rate applies to everything we manage. It's figured on the average daily balance and deducted from your account at LPL Financial after each quarter, with your written authorization, and we send you an itemized invoice. Fees are generally negotiable; your final fees are set in your advisory agreement. Comparable services may be available from other firms at lower fees.
Do we pay both fees?
Only if you choose both. The planning fee covers the keep, sell or exchange decision, the Second Look, our plain-English estate plan review, the reinvestment plan after a sale, and coordinating your attorney, CPA and broker. If you also ask us to manage investments, that's a separate fee based on the assets we manage. Our planning fee is the same either way.
Why publish fees at all?
Most advisory firms disclose fees only after a prospective client has invested several meetings in the process. Publishing them allows a family to decide whether the engagement fits before spending that time, and it reflects how the firm is compensated: entirely by the client, never by a product sponsor. Fees are described in Form ADV Part 2A, which is available at adviserinfo.sec.gov.
Does the fee change if we sell more land or invest more money?
No. The Legacy Land Advisory fee is flat regardless of transaction size. A firm compensated on transaction value has a financial interest in the transaction happening and in it being large. A flat planning fee removes that interest from the planning work. Asset management fees are separate and based on assets under management, as described above. Because that gives us a reason to prefer a sale, the keep-or-sell analysis comes first, in writing.
Do you accept commissions or referral fees?
No. Avidity Capital Inc. is compensated solely by advisory fees paid directly by clients. The firm accepts no commissions, referral fees, or revenue sharing from sponsors, issuers, product providers, or other professionals. Theron Morgan gave up his brokerage license when the firm was founded in 2021, which is what makes commission compensation structurally unavailable rather than merely declined.
Do you work with every family who inquires?
No. Legacy Land Advisory is a deliberately small practice serving a limited number of California farm families each year. Before an engagement begins, both sides need to understand the family objectives, the debt and equity picture, and whether the work called for is work this firm is positioned to do well. When it is not a fit, we say so and, where we can, point toward someone better suited.
Important Disclosures
Our Form ADV Part 2A describes these fees in full and controls if anything here differs. Fees are subject to change, and advisory services are provided only under a written agreement. This page is informational and is not an offer of advisory services or a recommendation.