Legacy Wealth Management Group is a registered investment advisor based in Lynchburg, Virginia, offering personalized investment management, comprehensive financial planning, and consulting services. The firm builds tailored asset allocation strategies using cash, stocks, mutual funds, bonds, and annuities, while allowing clients to place specific investment restrictions. Legacy Wealth Management Group works primarily with individuals and high net worth clients, using discretionary authority to manage portfolios. In addition to portfolio management, the firm provides financial planning covering risk assessment, investment planning, estate planning, and financial organization. Consulting services are also available on an hourly or fixed-fee basis for specific topics such as retirement planning, estate planning, or real estate exchanges like Delaware Statutory Trusts. The firm maintains affiliations with related entities offering insurance and tax preparation services, though clients are under no obligation to use those affiliated services.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 2.00% |
| $1.0M - $3.0M | 1.75% |
| $3.0M - $5.0M | 1.50% |
| $5M+ | 1.25% |
Fees are charged quarterly in advance. Legacy Wealth Management Group has the sole discretion to negotiate lower fees or waive them in individual cases. Financial planning and consulting services are generally included in these asset management fees.