# Legacy Wealth

> 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.

- CRD: 306732
- Filed as: LEGACY WEALTH
- Legal name: Legacy Wealth Asset Management, LLC
- Also doing business as: LEGACY WEALTH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Woodbury, MN
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/306732
- AdvisorCensus page: https://advisorcensus.com/firm/legacy-wealth-woodbury-mn-306732

## Quick answers

**How is Legacy Wealth compensated?**
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). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Legacy Wealth located?**
Legacy Wealth's principal office is in Woodbury, MN, according to its Form ADV.

**Is Legacy Wealth registered with the SEC or a state?**
Legacy Wealth is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 306732.

**How much does Legacy Wealth manage?**
Legacy Wealth reports $546,000,000 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (94% discretionary).

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

**What types of clients does Legacy Wealth serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (347); high net worth individuals (146).

**Which custodians does Legacy Wealth use?**
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.

**Does Legacy Wealth 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/306732

**What changed in Legacy Wealth's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $546,000,000
- Discretionary: $515,000,000
- Non-discretionary: $31,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 347 | $94,000,000 |
| High net worth individuals | 146 | $452,000,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 14 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CO, FL, MN, NE, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- legacywealthwisdom.com
- LinkedIn @legacy-wealth-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $326,642,371 | 8 | February 24, 2021 |
| October 2022 | $408,621,818 | 10 | March 3, 2022 |
| October 2023 | $355,701,368 | 10 | May 2, 2023 |
| October 2024 | $413,000,000 | 10 | January 19, 2024 |
| October 2025 | $475,000,000 | 10 | March 7, 2025 |
| October 2026 | $546,000,000 | 14 | March 13, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $475,000,000 to $546,000,000 (+15%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Legacy Wealth (CRD 306732): Form ADV filing data as of October 2026.