Legacy Wealth Management is an independent employee-owned firm founded in 1982, offering comprehensive wealth management, portfolio management, and financial planning services. Operating on a fee-only basis, Legacy Wealth Management does not sell products or earn commissions, ensuring objective advice. The firm builds globally diversified portfolios primarily using mutual funds, exchange-traded funds, and individual bonds, often utilizing sub-advisers for specific bond strategies. Services are tailored to individual client needs, incorporating retirement planning, tax planning, cash flow analysis, and estate planning. Legacy Wealth Management manages investments on both discretionary and non-discretionary bases for individuals, high-net-worth clients, trusts, and institutions, with a recommended minimum account size of $500,000.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $5.0M | 0.50% |
| $5M+ | 0.40% |
Fees are negotiable on an exception basis depending on specific services required and the type and size of investments under management.