Legacy Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Legacy Wealth Advisors reports 20 clients. They include 16 high-net-worth individuals and 4 individual clients. Of its assets, 53.3% ($492M across 164 accounts) are managed with discretion; $431M across 115 accounts are not. Of its clients, 5% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 20% | <1% |
| High-net-worth individuals | 80% | 99% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 4 | $1.46M | 0.2% | $364K |
| High-net-worth individuals | 16 | $917M | 99.3% | $57.3M |
| Charitable organizations | Fewer than 5 | $4.78M | 0.5% | — |
| Total | 20 | $923M | 100% | — |
- Clients
- 4
- Regulatory AUM
- $1.46M
- AUM share
- 0.2%
- Avg. per client
- $364K
- Clients
- 16
- Regulatory AUM
- $917M
- AUM share
- 99.3%
- Avg. per client
- $57.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.78M
- AUM share
- 0.5%
- Avg. per client
- —
Total
- Clients
- 20
- Regulatory AUM
- $923M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 5%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Legacy Wealth Advisors charges 0.25%–1.50% a year for its Wealth Management Fees. The fee is billed in advance and is negotiable.
Fee details and sources
Betajax, LLC owns 75% or more of Legacy Wealth Advisors. Eugene Frenkel is CEO; the leadership team includes Chief Compliance Officer Robert McNally. It has 14 employees, 5 of them in advisory roles.
Leadership
- Eugene FrenkelChief Executive Officer
- Robert McNallyChief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Elisha Kes
Staff
- 14 employees
- 5 in advisory functions
- 3 state-registered reps
- 1 soliciting firm
- Owns 75% or more of Legacy Wealth Advisors, LLC
Betajax, LLC
Control person · since September 2015
- Owns 5% to 10% of Legacy Wealth Advisors, LLC
Legacy Ef Holdco. I, Inc.
Control person · since July 2023
- Owns 75% or more of Legacy Ef Holdco. I, Inc.
Eugene Frenkel
Control person · since July 2023
Legacy Wealth Advisors’ regulatory assets grew 3.6× from $255M (June 2024) to $923M (March 2026); clients fell from 26 to 20 and employees rose from 10 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $923M | 20 | 14 | 6 |
| March 2025 | $348M | 24 | 11 | 3 |
| June 2024 | $255M | 26 | 10 | 1 |
Besides its headquarters, Legacy Wealth Advisors has 5 offices (5 private residences, listed without an address), with 1 listed address in Florida.
Florida · 1 listed address
- 3323 Ne 163rd St, Suite 402, North Miami BeachHQ
Contact and registration details
- Legal name
- Legacy Wealth Advisors, LLC
- Headquarters
- 3323 Ne 163rd St, Suite 402, North Miami Beach, FL 33160
- Website
- lwgadvisors.com
- Phone
- 305-808-6140
- @legacy-wealth-advisors-llc
- SEC file
- 801-128702
- Structure
- Florida LLC
- Fiscal year end
- December
Legacy Wealth Advisors uses J.P. Morgan ($213M, 30%), Pershing ($172M, 24%) and Goldman Sachs & Co. ($119M, 17%), among others, as custodians for its separately managed accounts. Legacy Wealth Advisors has custody of $263M in client assets for 16 clients.
- PershingPershing LLC · Jersey City, NJ · $172M24%
- AlliancebernsteinAlliancebernstein L.P. · New York, NY · $97.5M14%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $101M14%
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $213M30%
- Goldman Sachs & Co.Goldman Sachs & Co. LLC · New York, NY · $119M17%
At year end, Legacy Wealth Advisors’ separately managed accounts were largely in bonds (36%) and cash (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $231M across 148 positions; the largest are iShares TR (23.0%), J P Morgan Exchange Traded F (6.9%) and State Str SPDR S&P 500 ETF T (6.7%).
What the accounts hold
- Stocks12%
- Funds2%
- Bonds36%
- State and local bonds17%
- U.S. government and agency bonds9%
- Sovereign bonds7%
- Investment grade corporate bonds3%
- Cash17%
- Other33%
- Alternative investments (e.g. private equity)33%
Reported 13F holdings
- $231M
- Reported 13F value
- 148
- Positions
- 59.2%
- In the 10 largest
- +17.9%
- Value vs. prior quarter
- iShares TR · 0-3 Mth Treasury23.0%
- J P Morgan Exchange Traded F · Ultra Shrt ETF6.9%
- State Str SPDR S&P 500 ETF T · TR Unit6.7%
- Berkshire Hathaway Inc. Del · CL A6.2%
- Apple Inc.3.1%
- Nvidia Corporation3.1%
- AB Active ETFS Inc. · Conservative3.0%
- Vanguard Index Fds · Total Stk Mkt2.9%
- Amazon Com Inc.2.2%
- Alphabet Inc. · Cap Stk CL A2.2%
Together, the ten largest are 59.2% of reported value.
How many clients does Legacy Wealth Advisors have?
Legacy Wealth Advisors has 20 clients and manages $923 million for them, as of March 2026. They include 16 high-net-worth individuals and 4 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Legacy Wealth Advisors offer?
Legacy Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
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 0.25%–1.50% a year for its Wealth Management Fees. The fee is billed in advance and is negotiable.
Source: DISCLOSURE BROCHURE FOR LEGACY WEALTH ADVISORS, LLC, filed 30 March 2026
Which custodians does Legacy Wealth Advisors use?
Legacy Wealth Advisors’ separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $213M, Pershing LLC (Jersey City, NJ), with $172M, Goldman Sachs & Co. LLC (New York, NY), with $119M, Charles Schwab & Co., Inc. (Westlake, TX), with $101M and Alliancebernstein L.P. (New York, NY), with $97.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Legacy Wealth Advisors have?
Legacy Wealth Advisors has 3 investment adviser representatives registered with state securities authorities, out of 14 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
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 33% other, 17% state and local bonds, 17% cash and equivalents, 12% exchange-traded equities, 9% U.S. government and agency bonds, 7% sovereign bonds, 3% investment grade corporate bonds and 2% registered funds (mutual funds, ETFs, BDCs). The 33% other category is described as: Alternative Investments (E.g. Private Equity).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Legacy Wealth Advisors?
Legacy Wealth Advisors is owned through a holding company by Eugene Frenkel. Its direct owners are Legacy Ef Holdco. I, Inc. (5% to 10%) and Betajax, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Legacy Wealth Advisors get paid?
Legacy Wealth Advisors is paid through a percentage of assets under management and fixed fees. 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 3323 Ne 163rd St, Suite 402, North Miami Beach, FL 33160. Its phone number is 305-808-6140. Its website is lwgadvisors.com.