{
  "crd_number": 108619,
  "slug": "legacy-wealth-management-llc-memphis-tn-108619",
  "primary_business_name": "LEGACY WEALTH MANAGEMENT, LLC",
  "legal_name": "LEGACY WEALTH MANAGEMENT INC",
  "dbas": [
    "LEGACY WEALTH MANAGEMENT, LLC"
  ],
  "city": "Memphis",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "32820",
  "metro": {
    "cbsa_code": "32820",
    "common_name": "Memphis",
    "msa_name": "Memphis, TN-MS-AR",
    "path": "/advisors/tn/memphis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1982-12-23",
  "years_registered": 43,
  "period": "2026-10-01",
  "filing_date": "2026-03-13",
  "carried_forward": false,
  "raum_total": 2657303544.0,
  "raum_discretionary": 2516337155.0,
  "raum_non_discretionary": 140966389.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 22,
  "advisory_employees": 16,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 22084248.0,
      "count": 6
    },
    "individuals": {
      "raum": 322655387.0,
      "count": 786
    },
    "state_municipal": {
      "raum": 6064782.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 7481770.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 2061393443.0,
      "count": 674
    },
    "corporations_other_businesses": {
      "raum": 237623914.0,
      "count": 9
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "IN",
    "LA",
    "MD",
    "MO",
    "MS",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://facebook.com/LEGACYWEALTH",
    "https://legacywealth.com",
    "https://linkedin.com/company/legacy-wealth-managementllc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108619",
  "city_as_filed": "MEMPHIS",
  "url": "https://advisorcensus.com/firm/legacy-wealth-management-llc-memphis-tn-108619",
  "display_name": "Legacy Wealth Management, LLC",
  "summary": "Legacy Wealth Management, LLC is an SEC-registered investment advisory firm in Memphis, TN, registered since 1982, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 13, 2026.",
  "citation": "AdvisorCensus. Legacy Wealth Management, LLC (CRD 108619): 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",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Legacy Wealth Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Legacy Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Legacy Wealth Management, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 13, 2026 states: Up to $2,000,000: 1% a year; $2,000,000 to $5,000,000: 0.5% a year; Above $5,000,000: 0.4% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Legacy Wealth Management, LLC located?",
      "a": "Legacy Wealth Management, LLC's principal office is in Memphis, TN, according to its Form ADV."
    },
    {
      "q": "Is Legacy Wealth Management, LLC registered with the SEC or a state?",
      "a": "Legacy Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 1982. Status as filed: Approved. CRD 108619."
    },
    {
      "q": "How much does Legacy Wealth Management, LLC manage?",
      "a": "Legacy Wealth Management, LLC reports $2,657,303,544 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (95% discretionary)."
    },
    {
      "q": "How have Legacy Wealth Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Legacy Wealth Management, LLC: Regulatory assets under management: $1,737,536,766 in the October 2021 data and $2,657,303,544 in the October 2026 data, up 53%. Total employees: 22 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Legacy Wealth Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (786); high net worth individuals (674); corporations or other businesses not listed above (9)."
    },
    {
      "q": "Which custodians does Legacy Wealth Management, LLC use?",
      "a": "Legacy Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Legacy Wealth Management, 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/108619"
    },
    {
      "q": "Does Legacy Wealth Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 13, 2026 says: \"The recommended minimum account size for a new client relationship is $500,000.\""
    },
    {
      "q": "What changed in Legacy Wealth Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Added the business name Legacy Wealth Management, LLC. Employees performing advisory functions went from 14 to 16. Regulatory assets under management went from $2,358,678,962 to $2,657,303,544 (+13%). Registered or notice-filed in IN, VA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1737536766.0,
      "total_employees": 22,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2076485493.0,
      "total_employees": 24,
      "filing_date": "2022-02-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1778418452.0,
      "total_employees": 23,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2053155411.0,
      "total_employees": 21,
      "filing_date": "2024-09-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2358678962.0,
      "total_employees": 21,
      "filing_date": "2025-03-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2657303544.0,
      "total_employees": 22,
      "filing_date": "2026-03-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name Legacy Wealth Management, LLC.",
        "Employees performing advisory functions went from 14 to 16.",
        "Regulatory assets under management went from $2,358,678,962 to $2,657,303,544 (+13%).",
        "Registered or notice-filed in IN, VA."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Reported a succession: took over the business of Legacy Wealth Management Inc (CRD 108619) on January 1, 2026."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in VA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 13, 2026",
    "tiers": [
      {
        "band": "Up to $2,000,000",
        "rate": "1%"
      },
      {
        "band": "$2,000,000 to $5,000,000",
        "rate": "0.5%"
      },
      {
        "band": "Above $5,000,000",
        "rate": "0.4%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $2,000,000: 1% a year",
          "$2,000,000 to $5,000,000: 0.5% a year",
          "Above $5,000,000: 0.4% a year"
        ],
        "quotes": [
          "Fees for Wealth Management are: \nAnnual Fee Schedule    \n1.0% on the first $2 million    \n0.5% on the next $3 million  \n0.4% on the amount over $5 million"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000"
        ],
        "quotes": [
          "The recommended minimum account size for a new client relationship is $500,000."
        ]
      }
    ],
    "quotes": [
      "Fees for Wealth Management are: \nAnnual Fee Schedule    \n1.0% on the first $2 million    \n0.5% on the next $3 million  \n0.4% on the amount over $5 million",
      "The recommended minimum account size for a new client relationship is $500,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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-wealth-management-llc-memphis-tn-108619.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 786,
      "fewer_than_5": false,
      "raum": 322655387.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 674,
      "fewer_than_5": false,
      "raum": 2061393443.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 7481770.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 6,
      "fewer_than_5": false,
      "raum": 22084248.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 6064782.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 9,
      "fewer_than_5": false,
      "raum": 237623914.0
    }
  ],
  "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/108619",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}