# Legacy Financial Advisors

> Legacy Financial Advisors is an SEC-registered investment advisory firm, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 20, 2026.

- CRD: 309156
- Filed as: LEGACY FINANCIAL ADVISORS
- Legal name: Legacy Financial Advisors II, LLC
- Also doing business as: LEGACY ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: February 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/309156
- AdvisorCensus page: https://advisorcensus.com/firm/legacy-financial-advisors-309156

## Quick answers

**How is Legacy Financial Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Legacy Financial Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Is Legacy Financial Advisors registered with the SEC or a state?**
Legacy Financial Advisors is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 309156.

**How much does Legacy Financial Advisors manage?**
Legacy Financial Advisors reports $139,169,629 in regulatory assets under management in its Form ADV filing dated February 20, 2026 (68% discretionary).

**How have Legacy Financial Advisors' assets and staff changed since 2025?**
In the Form ADV data for Legacy Financial Advisors: Regulatory assets under management: $115,794,767 in the October 2025 data and $139,169,629 in the October 2026 data, up 20%. Total employees: 3 in October 2025 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Legacy Financial Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (157); high net worth individuals (59).

**Which custodians does Legacy Financial Advisors use?**
Legacy Financial Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Legacy Financial Advisors 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/309156

**Does Legacy Financial Advisors state an account minimum?**
Its Form ADV Part 2A brochure dated February 20, 2026 says: "For individual accounts, our minimum relationship opening balance is $ 250,000, which may be negotiable based upon certain circumstances."

**What changed in Legacy Financial Advisors' recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $115,794,767 to $139,169,629 (+20%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated February 20, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> For individual accounts, our minimum relationship opening balance is $ 250,000, which may be negotiable based upon certain circumstances.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $139,169,629
- Discretionary: $94,561,410
- Non-discretionary: $44,608,219

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 157 | $90,374,298 |
| High net worth individuals | 59 | $48,793,331 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | Fewer than 5 | $2,000 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- legacyfallc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $115,794,767 | 3 | June 30, 2025 |
| October 2026 | $139,169,629 | 3 | February 20, 2026 |

Regulatory assets under management: $115,794,767 in the October 2025 data and $139,169,629 in the October 2026 data, up 20%.
Total employees: 3 in October 2025 and 3 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $115,794,767 to $139,169,629 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Legacy Financial Advisors (CRD 309156): Form ADV filing data as of October 2026.