Legacy Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Legacy Wealth Advisors reports 251 clients. They include 203 individual clients, 45 high-net-worth individuals and 3 charitable organizations. Of its assets, 100.0% ($132M across 602 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 51% |
| High-net-worth individuals | 18% | 47% |
| Charitable organizations | 1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 203 | $66.9M | 50.6% | $330K |
| High-net-worth individuals | 45 | $62.1M | 46.9% | $1.38M |
| Charitable organizations | Fewer than 5 | $3.35M | 2.5% | $1.12M |
| Total | 251 | $132M | 100% | — |
- Clients
- 203
- Regulatory AUM
- $66.9M
- AUM share
- 50.6%
- Avg. per client
- $330K
- Clients
- 45
- Regulatory AUM
- $62.1M
- AUM share
- 46.9%
- Avg. per client
- $1.38M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.35M
- AUM share
- 2.5%
- Avg. per client
- $1.12M
Total
- Clients
- 251
- Regulatory AUM
- $132M
- 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
- 101–250
Legacy Wealth Advisors charges 1.00% a year for its Asset Management. The fee is billed in advance, is negotiable and requires an account of at least $500,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed at an hourly fee of $250.00 per hour, with an estimated plan fee given beforehand; plans are billed 50% in advance and 50% on delivery.
- Variable Annuity and Life Management
- Percentage-of-assets fee for managing these accounts, not to exceed an annual fee of 1.0% of the assets managed.
Jeffrey Bruss owns 50% to 75% of Legacy Wealth Advisors. The leadership team of Legacy Wealth Advisors includes Chief Compliance Officer Gregory Carrico. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- Owns 50% to 75% of Legacy Wealth Advisors, LLC
Jeffrey Bruss
Control person · since September 2015
- Owns 50% to 75% of Legacy Wealth Advisors, LLC
Gregory Carrico
Control person · since September 2015
Legacy Wealth Advisors’ regulatory assets grew from $103M (March 2025) to $132M (March 2026); clients rose from 220 to 251 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $132M | 251 | 2 | 1 |
| Mar 2025March 2025 | $103M | 220 | 2 | 1 |
Besides its headquarters, Legacy Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Michigan · 1 listed address
- 41700 Hayes Road Suite A, Clinton TownshipHQ
Contact and registration details
- Legal name
- Legacy Wealth Advisors, LLC
- Headquarters
- 41700 Hayes Road Suite A, Clinton Township, MI 48038
- Website
- legacy-wealth.com
- Phone
- 586-273-0072
- @35648999
- SEC file
- 801-132330
- Structure
- Michigan LLC
- Fiscal year end
- December
Legacy Wealth Advisors’ named custodian for separately managed accounts is Charles Schwab ($121M). Legacy Wealth Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $121M100%
At year end, Legacy Wealth Advisors’ separately managed accounts were mostly in funds (88%).
What the accounts hold
- Stocks2%
- Funds88%
- Bonds1%
- Cash1%
- Other8%
- Annuities8%
How many clients does Legacy Wealth Advisors have?
Legacy Wealth Advisors has 251 clients and manages $132 million for them, as of March 2026. They include 203 individual clients, 45 high-net-worth individuals and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Legacy Wealth Advisors offer?
Legacy Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Legacy Wealth Advisors charge?
Legacy Wealth Advisors charges 1.00% a year for its Asset Management. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
Which custodians does Legacy Wealth Advisors use?
Legacy Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $121M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Legacy Wealth Advisors have?
Legacy Wealth Advisors 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 Wealth Advisors invest in?
At the end of its last fiscal year, Legacy Wealth Advisors’ separately managed accounts held 88% registered funds (mutual funds, ETFs, BDCs), 8% other, 2% exchange-traded equities, 1% U.S. government and agency bonds and 1% cash and equivalents. The 8% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Legacy Wealth Advisors have a minimum investment?
Yes, Legacy Wealth Advisors’ minimum account size for its Asset Management is $500K.
Who owns Legacy Wealth Advisors?
Legacy Wealth Advisors’ direct owners are Jeffrey Bruss (50% to 75%) and Gregory Carrico (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Legacy Wealth Advisors get paid?
Legacy Wealth Advisors is paid through a percentage of assets under management, hourly charges and other compensation. 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 Wealth Advisors?
Legacy Wealth Advisors’ main office is at 41700 Hayes Road Suite A, Clinton Township, MI 48038. Its phone number is 586-273-0072. Its website is legacy-wealth.com.