# Legacies Wealth LLC

> 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.

- CRD: 143138
- Filed as: LEGACIES WEALTH LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minnetonka, MN
- Filing period: October 2026
- Form ADV filing dated: May 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143138
- AdvisorCensus page: https://advisorcensus.com/firm/legacies-wealth-llc-minnetonka-mn-143138

## Quick answers

**How is Legacies Wealth LLC compensated?**
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.

**Where is Legacies Wealth LLC located?**
Legacies Wealth LLC's principal office is in Minnetonka, MN, according to its Form ADV.

**Is Legacies Wealth LLC registered with the SEC or a state?**
Legacies Wealth LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 143138.

**How much does Legacies Wealth LLC manage?**
Legacies Wealth LLC reports $505,367,624 in regulatory assets under management in its Form ADV filing dated May 29, 2026 (82% discretionary).

**How have Legacies Wealth LLC's assets and staff changed since 2021?**
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.

**What types of clients does Legacies Wealth LLC serve?**
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).

**Which custodians does Legacies Wealth LLC use?**
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.

**Does Legacies Wealth LLC report any disciplinary disclosures?**
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

**What changed in Legacies Wealth LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $505,367,624
- Discretionary: $413,331,841
- Non-discretionary: $92,035,783

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 32 | $8,697,965 |
| High net worth individuals | 52 | $489,471,354 |
| Charitable organizations | 3 | $7,198,305 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- legacies-wealth.com
- LinkedIn @legacies-wealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $291,418,898 | 3 | February 17, 2021 |
| October 2022 | $309,723,115 | 4 | April 6, 2022 |
| October 2023 | $323,889,451 | 4 | February 21, 2023 |
| October 2024 | $351,812,366 | 3 | March 15, 2024 |
| October 2025 | $417,929,595 | 4 | March 6, 2025 |
| October 2026 | $505,367,624 | 5 | May 29, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Changed its legal name from Dougherty Wealth Advisers LLC to Legacies Wealth LLC.
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Regulatory assets under management went from $417,929,595 to $505,367,624 (+21%).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Legacies Wealth LLC (CRD 143138): Form ADV filing data as of October 2026.