# Legacy Wealth Management, LLC

> 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.

- CRD: 108619
- Filed as: LEGACY WEALTH MANAGEMENT, LLC
- Legal name: Legacy Wealth Management Inc
- Also doing business as: LEGACY WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Memphis, TN
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108619
- AdvisorCensus page: https://advisorcensus.com/firm/legacy-wealth-management-llc-memphis-tn-108619

## Quick answers

**How is Legacy Wealth Management, LLC compensated?**
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).

**What does Legacy Wealth Management, LLC's brochure say about its fees?**
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.

**Where is Legacy Wealth Management, LLC located?**
Legacy Wealth Management, LLC's principal office is in Memphis, TN, according to its Form ADV.

**Is Legacy Wealth Management, LLC registered with the SEC or a state?**
Legacy Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 1982. Status as filed: Approved. CRD 108619.

**How much does Legacy Wealth Management, LLC manage?**
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).

**How have Legacy Wealth Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Legacy Wealth Management, LLC serve?**
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).

**Which custodians does Legacy Wealth Management, LLC use?**
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.

**Does Legacy Wealth Management, 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/108619

**Does Legacy Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 13, 2026 says: "The recommended minimum account size for a new client relationship is $500,000."

**What changed in Legacy Wealth Management, LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 13, 2026)

- 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 for Wealth Management are: Annual Fee Schedule 1.0% on the first $2 million 0.5% on the next $3 million 0.4% on the amount over $5 million

- Account minimum: $500,000

> The recommended minimum account size for a new client relationship is $500,000.

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.
- National Financial 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: $2,657,303,544
- Discretionary: $2,516,337,155
- Non-discretionary: $140,966,389

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 786 | $322,655,387 |
| High net worth individuals | 674 | $2,061,393,443 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $7,481,770 |
| Charitable organizations | 6 | $22,084,248 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $6,064,782 |
| Corporations or other businesses not listed above | 9 | $237,623,914 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1982 (43 years)
- Employees: 22 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- legacywealth.com
- Facebook @LEGACYWEALTH
- LinkedIn @legacy-wealth-managementllc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,737,536,766 | 22 | March 24, 2021 |
| October 2022 | $2,076,485,493 | 24 | February 22, 2022 |
| October 2023 | $1,778,418,452 | 23 | March 27, 2023 |
| October 2024 | $2,053,155,411 | 21 | September 9, 2024 |
| October 2025 | $2,358,678,962 | 21 | March 10, 2025 |
| October 2026 | $2,657,303,544 | 22 | March 13, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

### February 2026
- Reported a succession: took over the business of Legacy Wealth Management Inc (CRD 108619) on January 1, 2026.

### January 2026
- No longer registered or notice-filed in VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Legacy Wealth Management, LLC (CRD 108619): Form ADV filing data as of October 2026.