{
  "crd_number": 143138,
  "slug": "legacies-wealth-llc-minnetonka-mn-143138",
  "primary_business_name": "LEGACIES WEALTH LLC",
  "legal_name": "LEGACIES WEALTH LLC",
  "dbas": [],
  "city": "Minnetonka",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-06-26",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-05-29",
  "carried_forward": false,
  "raum_total": 505367624.0,
  "raum_discretionary": 413331841.0,
  "raum_non_discretionary": 92035783.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 7198305.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 8697965.0,
      "count": 32
    },
    "high_net_worth_individuals": {
      "raum": 489471354.0,
      "count": 52
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MN"
  ],
  "websites": [
    "https://legacies-wealth.com",
    "https://linkedin.com/company/legacies-wealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143138",
  "city_as_filed": "MINNETONKA",
  "url": "https://advisorcensus.com/firm/legacies-wealth-llc-minnetonka-mn-143138",
  "display_name": "Legacies Wealth LLC",
  "summary": "Legacies Wealth LLC is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 29, 2026.",
  "citation": "AdvisorCensus. Legacies Wealth LLC (CRD 143138): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Legacies Wealth LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Legacies Wealth LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "Where is Legacies Wealth LLC located?",
      "a": "Legacies Wealth LLC's principal office is in Minnetonka, MN, according to its Form ADV."
    },
    {
      "q": "Is Legacies Wealth LLC registered with the SEC or a state?",
      "a": "Legacies Wealth LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 143138."
    },
    {
      "q": "How much does Legacies Wealth LLC manage?",
      "a": "Legacies Wealth LLC reports $505,367,624 in regulatory assets under management in its Form ADV filing dated May 29, 2026 (82% discretionary)."
    },
    {
      "q": "How have Legacies Wealth LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Legacies Wealth LLC: Regulatory assets under management: $291,418,898 in the October 2021 data and $505,367,624 in the October 2026 data, up 73%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Legacies Wealth LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (52); individuals (other than high net worth individuals) (32); charitable organizations (3)."
    },
    {
      "q": "Which custodians does Legacies Wealth LLC use?",
      "a": "Legacies Wealth LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Legacies Wealth LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143138"
    },
    {
      "q": "What changed in Legacies Wealth LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Changed its legal name from Dougherty Wealth Advisers LLC to Legacies Wealth LLC. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 291418898.0,
      "total_employees": 3,
      "filing_date": "2021-02-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 309723115.0,
      "total_employees": 4,
      "filing_date": "2022-04-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 323889451.0,
      "total_employees": 4,
      "filing_date": "2023-02-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 351812366.0,
      "total_employees": 3,
      "filing_date": "2024-03-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 417929595.0,
      "total_employees": 4,
      "filing_date": "2025-03-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 505367624.0,
      "total_employees": 5,
      "filing_date": "2026-05-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Changed its legal name from Dougherty Wealth Advisers LLC to Legacies Wealth LLC.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $417,929,595 to $505,367,624 (+21%)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/legacies-wealth-llc-minnetonka-mn-143138.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 32,
      "fewer_than_5": false,
      "raum": 8697965.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 52,
      "fewer_than_5": false,
      "raum": 489471354.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 7198305.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143138",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}