{ "crd_number": 324258, "slug": "legacy-financial-independent-advisors-llc-louisville-ky-324258", "primary_business_name": "LEGACY FINANCIAL INDEPENDENT ADVISORS LLC", "legal_name": "LEGACY FINANCIAL INDEPENDENT ADVISORS LLC", "dbas": [], "city": "Louisville", "state": "KY", "country": "United States", "cbsa_code": "31140", "metro": { "cbsa_code": "31140", "common_name": "Louisville", "msa_name": "Louisville/Jefferson County, KY-IN", "path": "/advisors/ky/louisville" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-03-15", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 484012911.0, "raum_discretionary": 484012911.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 8, "advisory_employees": 5, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 973336.0, "count": null, "fewer_than_5": true }, "individuals": { "raum": 134936837.0, "count": 585 }, "high_net_worth_individuals": { "raum": 344212448.0, "count": 156 }, "corporations_other_businesses": { "raum": 3890290.0, "count": 8 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "FL", "GA", "IL", "IN", "KY", "LA", "MA", "NC", "OH", "SC", "TN", "TX", "VA" ], "websites": [ "https://legacyfia.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324258", "city_as_filed": "LOUISVILLE", "url": "https://advisorcensus.com/firm/legacy-financial-independent-advisors-llc-louisville-ky-324258", "display_name": "Legacy Financial Independent Advisors LLC", "summary": "Legacy Financial Independent Advisors LLC is an SEC-registered investment advisory firm in Louisville, KY, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. Legacy Financial Independent Advisors LLC (CRD 324258): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Legacy Financial Independent Advisors LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Legacy Financial Independent Advisors LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Legacy Financial Independent Advisors LLC located?", "a": "Legacy Financial Independent Advisors LLC's principal office is in Louisville, KY, according to its Form ADV." }, { "q": "Is Legacy Financial Independent Advisors LLC registered with the SEC or a state?", "a": "Legacy Financial Independent Advisors LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324258." }, { "q": "How much does Legacy Financial Independent Advisors LLC manage?", "a": "Legacy Financial Independent Advisors LLC reports $484,012,911 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)." }, { "q": "How have Legacy Financial Independent Advisors LLC's assets and staff changed since 2023?", "a": "In the Form ADV data for Legacy Financial Independent Advisors LLC: Regulatory assets under management: $306,487,331 in the October 2023 data and $484,012,911 in the October 2026 data, up 58%. Total employees: 9 in October 2023 and 8 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 Independent Advisors LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (585); high net worth individuals (156); corporations or other businesses not listed above (8)." }, { "q": "Which custodians does Legacy Financial Independent Advisors LLC use?", "a": "Legacy Financial Independent Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James Financial Services, Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Legacy Financial Independent Advisors 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/324258" }, { "q": "Does Legacy Financial Independent Advisors LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"LFIA generally does not impose a minimum relationship size.\"" } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 306487331.0, "total_employees": 9, "filing_date": "2023-04-25" }, { "period": "2024-10-01", "regulatory_assets_under_management": 428440270.0, "total_employees": 9, "filing_date": "2024-03-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 450605476.0, "total_employees": 8, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 484012911.0, "total_employees": 8, "filing_date": "2026-03-30" } ], "recent_changes": [], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 30, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "LFIA generally does not impose a minimum relationship size." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "LFIA generally does not impose a minimum relationship size." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Raymond James Financial Services, Inc.", "name_as_filed": "RAYMOND JAMES FINANCIAL SERVICES, INC.", "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-independent-advisors-llc-louisville-ky-324258.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 585, "fewer_than_5": false, "raum": 134936837.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 156, "fewer_than_5": false, "raum": 344212448.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 973336.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 8, "fewer_than_5": false, "raum": 3890290.0 } ], "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/324258", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }