Legacy Financial Services Group provides financial planning and portfolio management for individuals and small businesses.
Legacy Financial Services Group reports 184 clients. They include 148 individual clients, 35 high-net-worth individuals and 1 pension or profit-sharing plan. Of its assets, 100.0% ($123M across 357 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 80% | 31% |
| High-net-worth individuals | 19% | 68% |
| Pension and profit-sharing plans | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 148 | $38M | 31.0% | $257K |
| High-net-worth individuals | 35 | $83.2M | 67.7% | $2.38M |
| Pension and profit-sharing plans | Fewer than 5 | $1.58M | 1.3% | $1.58M |
| Total | 184 | $123M | 100% | — |
- Clients
- 148
- Regulatory AUM
- $38M
- AUM share
- 31.0%
- Avg. per client
- $257K
- Clients
- 35
- Regulatory AUM
- $83.2M
- AUM share
- 67.7%
- Avg. per client
- $2.38M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.58M
- AUM share
- 1.3%
- Avg. per client
- $1.58M
Total
- Clients
- 184
- Regulatory AUM
- $123M
- 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
- 0
Legacy Financial Services Group charges 0.70%–1.75% a year for its Investment Management Fees and Compensation. The fee is billed in arrears, is negotiable and requires an account of at least $250,000.
Fee details and sources
Derek Weeks owns 75% or more of Legacy Financial Services Group. The leadership team of Legacy Financial Services Group includes President Derek Weeks and Chief Compliance Officer Carolyn Weeks. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- Owns 75% or more of Legacy Financial Services Group, Inc.
Derek Weeks
Control person · since April 2006
Besides its headquarters, Legacy Financial Services Group has 2 offices (2 private residences, listed without an address), with 1 listed address in 1 state.
Michigan · 1 listed address
- 10691 East Carter Road, Suite 101, Traverse CityHQ
Contact and registration details
- Legal name
- Legacy Financial Services Group, Inc.
- Headquarters
- 10691 East Carter Road, Suite 101, Traverse City, MI 49684
- Website
- discoverlegacy.net
- Phone
- 231-933-0631
- SEC file
- 801-136525
- Structure
- Michigan corporation
- Fiscal year end
- December
Legacy Financial Services Group’s named custodians for separately managed accounts are Altruist ($107M, 87%) and Pershing ($16M, 13%). Legacy Financial Services Group has custody of $96M for 355 clients.
- AltruistAltruist Financial LLC · Jersey City, NJ · $107M87%
- PershingPershing LLC · Jersey City, NJ · $16M13%
At year end, Legacy Financial Services Group’s separately managed accounts were mostly in funds (86%) and stocks (10%).
What the accounts hold
- Stocks10%
- Funds86%
- Cash4%
How many clients does Legacy Financial Services Group have?
Legacy Financial Services Group has 184 clients and manages $123 million for them, as of May 2026. They include 148 individual clients, 35 high-net-worth individuals and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 May 2026
What services does Legacy Financial Services Group offer?
Legacy Financial Services Group provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Legacy Financial Services Group charge?
Legacy Financial Services Group charges 0.70%–1.75% a year for its Investment Management Fees and Compensation. The fee is billed in arrears, is negotiable and requires an account of at least $250,000.
Source: ADV 2022, filed 19 May 2026
Which custodians does Legacy Financial Services Group use?
Legacy Financial Services Group’s separately managed account assets are held at Altruist Financial LLC (Jersey City, NJ), with $107M and Pershing LLC (Jersey City, NJ), with $16M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 May 2026
How many financial advisors does Legacy Financial Services Group have?
Legacy Financial Services Group has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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 Legacy Financial Services Group invest in?
At the end of its last fiscal year, Legacy Financial Services Group’s separately managed accounts held 86% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities and 4% 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 Legacy Financial Services Group have a minimum investment?
Yes, Legacy Financial Services Group’s minimum account size for its Investment Management Fees and Compensation is $250K.
Source: ADV 2022, filed 19 May 2026
Who owns Legacy Financial Services Group?
Legacy Financial Services Group’s direct owner is Derek Weeks (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 May 2026
How does Legacy Financial Services Group get paid?
Legacy Financial Services Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or 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
How do I contact Legacy Financial Services Group?
Legacy Financial Services Group’s main office is at 10691 East Carter Road, Suite 101, Traverse City, MI 49684. Its phone number is 231-933-0631. Its website is discoverlegacy.net.
