Legacies Wealth provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Legacies Wealth reports 87 clients. They include 52 high-net-worth individuals, 32 individual clients and 3 charitable organizations. Of its assets, 81.8% ($413M across 270 accounts) are managed with discretion; $92M across 28 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 37% | 2% |
| High-net-worth individuals | 60% | 97% |
| Charitable organizations | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 32 | $8.7M | 1.7% | $272K |
| High-net-worth individuals | 52 | $489M | 96.9% | $9.41M |
| Charitable organizations | Fewer than 5 | $7.2M | 1.4% | $2.4M |
| Total | 87 | $505M | 100% | — |
- Clients
- 32
- Regulatory AUM
- $8.7M
- AUM share
- 1.7%
- Avg. per client
- $272K
- Clients
- 52
- Regulatory AUM
- $489M
- AUM share
- 96.9%
- Avg. per client
- $9.41M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.2M
- AUM share
- 1.4%
- Avg. per client
- $2.4M
Total
- Clients
- 87
- Regulatory AUM
- $505M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Legacies Wealth charges 0.40%–1.25% a year for its Portfolio management services. The fee is billed in advance, is negotiable and requires an account of at least $3,000,000.
Fee details and sources
1119 Holdings LLC Dba Legacies owns 75% or more of Legacies Wealth and is in turn owned by Paul Dinzeo (25–50%). Todd Witcraft is CEO. It has 5 employees, 3 of them in advisory roles.
Leadership
- Todd WitcraftChief Executive Officer, Treasurer, CCO
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of Legacies Wealth LLC
1119 Holdings LLC Dba Legacies
Control person · since October 2025
- Owns 25% to 50% of 1119 Holdings LLC Dba Legacies
Paul Dinzeo
since October 2025
- Owns 50% to 75% of Legacies Wealth LLC
Todd Witcraft
Control person · since October 2025
Legacies Wealth’s regulatory assets grew 1.7× from $291M (February 2021) to $505M (May 2026); clients rose from 50 to 87 and employees from 3 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $505M | 87 | 5 | 1 |
| March 2025 | $418M | 79 | 4 | 1 |
| March 2024 | $352M | 79 | 3 | 1 |
| February 2023 | $324M | 71 | 4 | 1 |
| April 2022 | $310M | 61 | 4 | 1 |
| February 2021 | $291M | 50 | 3 | 1 |
Besides its headquarters, Legacies Wealth has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 601 Carlson Parkway, Suite 1400, MinnetonkaHQ
Contact and registration details
- Legal name
- Legacies Wealth LLC
- Headquarters
- 601 Carlson Parkway, Suite 1400, Minnetonka, MN 55305
- Website
- Not reported
- Phone
- 612-376-4040
- @legacies-wealth
- SEC file
- 801-99370
- Structure
- South Dakota LLC
- Fiscal year end
- December
Legacies Wealth uses Fidelity ($428M) as custodian for its separately managed accounts. Legacies Wealth has custody of $8.97M in client assets for 10 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $428M100%
At year end, Legacies Wealth’s separately managed accounts were largely in funds (46%) and stocks (30%). Its reported 13F holdings for the quarter ended 30 June 2026 total $183M across 109 positions; the largest are Vanguard Value ETF (25.3%), Vanguard Growth ETF (21.6%) and Vanguard Mid-cap Value ETF (10.3%).
What the accounts hold
- Stocks30%
- Funds46%
- Bonds21%
- Cash3%
Reported 13F holdings
- $183M
- Reported 13F value
- 109
- Positions
- 84.1%
- In the 10 largest
- +15.8%
- Value vs. prior quarter
- Vanguard Value ETFETF25.3%
- Vanguard Growth ETFETF21.6%
- Vanguard Mid-cap Value ETFETF10.3%
- Vanguard S&P Small-cap 600 Growth ETFETF8.5%
- Vanguard FTSE Emerging Markets ETFETF5.9%
- Fidelity Enhanced International ETFETF5.0%
- Apple Inc.3.9%
- iShares Core S&P Small Cap ETFETF1.4%
- Roundhill Magnificent Seven ETFETF1.1%
- iShares S&P 100 ETFETF1.0%
Together, the ten largest are 84.1% of reported value.
How many clients does Legacies Wealth have?
Legacies Wealth has 87 clients and manages $505 million for them, as of May 2026. They include 52 high-net-worth individuals, 32 individual clients and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 May 2026
What services does Legacies Wealth offer?
Legacies Wealth provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Legacies Wealth charge?
Legacies Wealth charges 0.40%–1.25% a year for its Portfolio management services. The fee is billed in advance, is negotiable and requires an account of at least $3,000,000.
Which custodians does Legacies Wealth use?
Legacies Wealth’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $428M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 May 2026
How many financial advisors does Legacies Wealth have?
Legacies Wealth has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Legacies Wealth invest in?
At the end of its last fiscal year, Legacies Wealth’s separately managed accounts held 46% registered funds (mutual funds, ETFs, BDCs), 30% exchange-traded equities, 21% state and local bonds and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Legacies Wealth have a minimum investment?
Yes, Legacies Wealth’s minimum account size for its Portfolio management services is $3M.
Who owns Legacies Wealth?
Legacies Wealth is owned through a holding company by Paul Dinzeo. Its direct owners are Todd Witcraft (50% to 75%) and 1119 Holdings LLC Dba Legacies (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 May 2026
How does Legacies Wealth get paid?
Legacies Wealth is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Legacies Wealth registered with the SEC?
Yes, Legacies Wealth has been registered with the SEC as an investment adviser since 26 June 2015. Its CRD number is 143138 and its SEC file number is 801-99370.
Source: Form ADV Part 1A, Item 1, filed 29 May 2026; IAPD firm record
How do I contact Legacies Wealth?
Legacies Wealth’s main office is at 601 Carlson Parkway, Suite 1400, Minnetonka, MN 55305. Its phone number is 612-376-4040.