The Short Version
Legacy Land Advisory is a flat $17,500 a year, or $26,000 if you want two family summits with the children and grandchildren in the room. If we also manage investments, that fee is separate and tiered from 1.5% down to 1.0% as the balance grows. We take no commissions from anyone, on anything, ever.
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.
The 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. We would rather be able to tell a family that the right answer is to keep the farm without that advice costing us anything. A flat fee is what makes that sentence honest.
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.
Advisory fee schedule
1.5% annually on assets under management.
1.25% annually on assets under management.
1.0% annually on assets under management.
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 schedule above. Avidity Capital receives no commissions, no referral fees, and no revenue sharing from sponsors, issuers, product providers, or other professionals. When a Delaware Statutory Trust is part of a family's reinvestment strategy, and sometimes it is, we are paid exactly the same as if it were not.
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.
Legacy Land Advisory
Want to know whether this is a fit before you invest any more time?
The first conversation is confidential, no-cost, and carries no obligation. If we are not the right firm for your situation, you will hear that in the first meeting rather than the fourth.
Start the ConversationCommon 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 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?
When a family also engages Avidity Capital to manage investment assets, the advisory fee is tiered: 1.5% annually on assets below $1 million, 1.25% on assets between $1 million and $3 million, and 1.0% on assets above $3 million. Client assets are custodied at LPL Financial. This fee is separate from and in addition to the Legacy Land Advisory flat fee, and either service can be engaged without the other.
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 fee removes that interest, which is the point. Asset management fees are separate and are based on assets under management as described above.
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
Fees shown are current as of July 2026 and are described in Form ADV Part 2A, which controls in the event of any difference. 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.
Regulatory Disclosure: Avidity Capital Inc. is a California state-registered investment adviser (CRD# 312745). Registration does not imply a certain level of skill or training. For firm background information, visit adviserinfo.sec.gov/firm/summary/312745.
No Commission Disclosure: Avidity Capital Inc. is compensated solely by advisory fees paid directly by clients. The firm does not receive commissions, referral fees, or revenue-sharing payments from sponsors, issuers, or product providers.