{
  "crd_number": 158675,
  "slug": "legacy-financial-advisors-inc-covington-ky-158675",
  "primary_business_name": "LEGACY FINANCIAL ADVISORS, INC.",
  "legal_name": "LEGACY FINANCIAL ADVISORS, INC.",
  "dbas": [],
  "city": "Covington",
  "state": "KY",
  "country": "United States",
  "cbsa_code": "17140",
  "metro": {
    "cbsa_code": "17140",
    "common_name": "Cincinnati",
    "msa_name": "Cincinnati, OH-KY-IN",
    "path": "/advisors/oh/cincinnati"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-08-02",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-07-17",
  "carried_forward": false,
  "raum_total": 1515563474.0,
  "raum_discretionary": 1515563474.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 12,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 11695498.0,
      "count": 4,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 160721866.0,
      "count": 579
    },
    "high_net_worth_individuals": {
      "raum": 1343146110.0,
      "count": 482
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "FL",
    "GA",
    "IL",
    "IN",
    "KY",
    "LA",
    "NC",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://legacyfinancialadvisors.com",
    "https://linkedin.com/company/10445928/admin"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158675",
  "city_as_filed": "COVINGTON",
  "url": "https://advisorcensus.com/firm/legacy-financial-advisors-inc-covington-ky-158675",
  "display_name": "Legacy Financial Advisors, Inc.",
  "summary": "Legacy Financial Advisors, Inc. is an SEC-registered investment advisory firm in Covington, KY, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 17, 2026.",
  "citation": "AdvisorCensus. Legacy Financial Advisors, Inc. (CRD 158675): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Legacy Financial Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Legacy Financial Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Legacy Financial Advisors, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 6, 2026 states: Flat fee: $5,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Legacy Financial Advisors, Inc. located?",
      "a": "Legacy Financial Advisors, Inc.'s principal office is in Covington, KY, according to its Form ADV."
    },
    {
      "q": "Is Legacy Financial Advisors, Inc. registered with the SEC or a state?",
      "a": "Legacy Financial Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158675."
    },
    {
      "q": "How much does Legacy Financial Advisors, Inc. manage?",
      "a": "Legacy Financial Advisors, Inc. reports $1,515,563,474 in regulatory assets under management in its Form ADV filing dated July 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Legacy Financial Advisors, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Legacy Financial Advisors, Inc.: Regulatory assets under management: $764,642,810 in the October 2021 data and $1,515,563,474 in the October 2026 data, up 98%. Total employees: 20 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Legacy Financial Advisors, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (579); high net worth individuals (482); charitable organizations (4)."
    },
    {
      "q": "Which custodians does Legacy Financial Advisors, Inc. use?",
      "a": "Legacy Financial Advisors, Inc.'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 Legacy Financial Advisors, Inc. 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/158675"
    },
    {
      "q": "What changed in Legacy Financial Advisors, Inc.'s recent Form ADV filings?",
      "a": "In the August 2026 filing data: Registered or notice-filed in GA, LA, NY, OR, WA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 764642810.0,
      "total_employees": 20,
      "filing_date": "2021-06-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 914700305.0,
      "total_employees": 20,
      "filing_date": "2022-03-08"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 987602317.0,
      "total_employees": 20,
      "filing_date": "2023-06-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1125634229.0,
      "total_employees": 17,
      "filing_date": "2024-09-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1255617352.0,
      "total_employees": 21,
      "filing_date": "2025-03-12"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1515563474.0,
      "total_employees": 21,
      "filing_date": "2026-07-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Registered or notice-filed in GA, LA, NY, OR, WA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,255,617,352 to $1,515,563,474 (+21%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CO."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 6, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $5,000 (financial planning services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $5,000 (financial planning services)"
        ],
        "quotes": [
          "Financial Planning Services. Legacy provides financial planning services, as described in Item 4, for a flat fee of $5,000, payable upon delivery to the client of the financial plan."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 5000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "Financial Planning Services. Legacy provides financial planning services, as described in Item 4, for a flat fee of $5,000, payable upon delivery to the client of the financial plan."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "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/legacy-financial-advisors-inc-covington-ky-158675.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 579,
      "fewer_than_5": false,
      "raum": 160721866.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 482,
      "fewer_than_5": false,
      "raum": 1343146110.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 4,
      "fewer_than_5": true,
      "raum": 11695498.0
    }
  ],
  "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/158675",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}