{
  "crd_number": 306732,
  "slug": "legacy-wealth-woodbury-mn-306732",
  "primary_business_name": "LEGACY WEALTH",
  "legal_name": "LEGACY WEALTH ASSET MANAGEMENT, LLC",
  "dbas": [
    "LEGACY WEALTH"
  ],
  "city": "Woodbury",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-02-07",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-13",
  "carried_forward": false,
  "raum_total": 546000000.0,
  "raum_discretionary": 515000000.0,
  "raum_non_discretionary": 31000000.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 14,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 94000000.0,
      "count": 347
    },
    "high_net_worth_individuals": {
      "raum": 452000000.0,
      "count": 146
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CO",
    "FL",
    "MN",
    "NE",
    "TX",
    "WI"
  ],
  "websites": [
    "https://legacywealthwisdom.com",
    "https://linkedin.com/company/legacy-wealth-llc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/306732",
  "city_as_filed": "WOODBURY",
  "url": "https://advisorcensus.com/firm/legacy-wealth-woodbury-mn-306732",
  "display_name": "Legacy Wealth",
  "summary": "Legacy Wealth is an SEC-registered investment advisory firm in Woodbury, MN, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 13, 2026.",
  "citation": "AdvisorCensus. Legacy Wealth (CRD 306732): 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",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Legacy Wealth compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Legacy Wealth reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Legacy Wealth located?",
      "a": "Legacy Wealth's principal office is in Woodbury, MN, according to its Form ADV."
    },
    {
      "q": "Is Legacy Wealth registered with the SEC or a state?",
      "a": "Legacy Wealth is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 306732."
    },
    {
      "q": "How much does Legacy Wealth manage?",
      "a": "Legacy Wealth reports $546,000,000 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (94% discretionary)."
    },
    {
      "q": "How have Legacy Wealth's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Legacy Wealth: Regulatory assets under management: $326,642,371 in the October 2021 data and $546,000,000 in the October 2026 data, up 67%. Total employees: 8 in October 2021 and 14 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 serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (347); high net worth individuals (146)."
    },
    {
      "q": "Which custodians does Legacy Wealth use?",
      "a": "Legacy Wealth's 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."
    },
    {
      "q": "Does Legacy Wealth 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/306732"
    },
    {
      "q": "What changed in Legacy Wealth's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $475,000,000 to $546,000,000 (+15%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 326642371.0,
      "total_employees": 8,
      "filing_date": "2021-02-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 408621818.0,
      "total_employees": 10,
      "filing_date": "2022-03-03"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 355701368.0,
      "total_employees": 10,
      "filing_date": "2023-05-02"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 413000000.0,
      "total_employees": 10,
      "filing_date": "2024-01-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 475000000.0,
      "total_employees": 10,
      "filing_date": "2025-03-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 546000000.0,
      "total_employees": 14,
      "filing_date": "2026-03-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $475,000,000 to $546,000,000 (+15%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., 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-wealth-woodbury-mn-306732.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 347,
      "fewer_than_5": false,
      "raum": 94000000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 146,
      "fewer_than_5": false,
      "raum": 452000000.0
    }
  ],
  "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/306732",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}