Legacy Wealth Asset Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Legacy Wealth Asset Management reports 493 clients. They include 347 individual clients and 146 high-net-worth individuals. Of its assets, 94.3% ($515M across 1,368 accounts) are managed with discretion; $31M across 261 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.09B.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 17% |
| High-net-worth individuals | 30% | 83% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 347 | $94M | 17.2% | $271K |
| High-net-worth individuals | 146 | $452M | 82.8% | $3.1M |
| Total | 493 | $546M | 100% | $1.11M |
- Clients
- 347
- Regulatory AUM
- $94M
- AUM share
- 17.2%
- Avg. per client
- $271K
- Clients
- 146
- Regulatory AUM
- $452M
- AUM share
- 82.8%
- Avg. per client
- $3.1M
Total
- Clients
- 493
- Regulatory AUM
- $546M
- AUM share
- 100%
- Avg. per client
- $1.11M
- 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 Wealth Asset Management is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Legacy Wealth, LLC owns 75% or more of Legacy Wealth Asset Management and is in turn owned by Michael Brocker (50–75%). The leadership team of Legacy Wealth Asset Management includes Chief Compliance Officer Johnathan Brocker. It has 14 employees, 4 of them in advisory roles.
Leadership
- Johnathan BrockerChief Compliance Officer & CIO
- Michael BrockerCEO & Managing Member
- Benjamin BrockerCFO & Managing Member
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Benjamin Michael Brocker
- Joshua Michael Brocker
- Matthew Michael Brocker
- Michael Douglas Brocker
- Brett Skrede
Staff
- 14 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 broker-dealer reps
- 4 insurance agents
- Owns 75% or more of Legacy Wealth Asset Management, LLC
Legacy Wealth, LLC
Control person · since February 2020
- Owns 50% to 75% of Legacy Wealth, LLC
Michael Brocker
Control person · since February 2020
Benjamin Brocker
Managing member · Control person · since February 2020
Matthew Brocker
Managing member · Control person · since February 2020
Joshua Brocker
Managing member · Control person · since February 2020
Johnathan Brocker
Managing member · Control person · since February 2020
Bethany Brocker
Managing member · Control person · since August 2025
Legacy Wealth Asset Management’s regulatory assets grew 1.7× from $327M (February 2021) to $546M (March 2026); clients rose from 309 to 493 and employees from 8 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $546M | 493 | 14 | 1 |
| March 2025 | $475M | 445 | 10 | 1 |
| January 2024 | $413M | 398 | 10 | 1 |
| May 2023 | $356M | 386 | 10 | 1 |
| March 2022 | $409M | 351 | 10 | 1 |
| February 2021 | $327M | 309 | 8 | 1 |
Besides its headquarters, Legacy Wealth Asset Management has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 683 Bielenberg Drive, Suite 101, WoodburyHQ
Other business names
Legacy Wealth Asset Management has reported 1 other business name to the SEC.
- Legacy Wealth
Contact and registration details
- Legal name
- Legacy Wealth Asset Management, LLC
- Headquarters
- 683 Bielenberg Drive, Suite 101, Woodbury, MN 55125
- Website
- legacywealthwisdom.com
- Phone
- 651-621-2383
- @legacy-wealth-llc
- SEC file
- 801-118042
- Founded
- 2019
- Structure
- Minnesota LLC
- Fiscal year end
- December
Legacy Wealth Asset Management uses Charles Schwab ($546M) as custodian for its separately managed accounts. Legacy Wealth Asset Management has custody of $366M in client assets for 978 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Omaha, NE · $546M100%
At year end, Legacy Wealth Asset Management’s separately managed accounts were mostly in stocks (68%) and bonds (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $456M across 380 positions; the largest are Fidelity Wise Origin Bitcoin (3.4%), Global X Fds (2.7%) and Northern Lts FD TR IV (2.4%).
What the accounts hold
- Stocks68%
- Bonds19%
- Cash3%
- Other10%
- Alternative assets10%
Reported 13F holdings
- $456M
- Reported 13F value
- 380
- Positions
- 20.3%
- In the 10 largest
- +10.9%
- Value vs. prior quarter
- Fidelity Wise Origin Bitcoin3.4%
- Global X Fds · Glbl X Mlp ETF2.7%
- Northern Lts FD TR IV · Inspire Intl ETF2.4%
- iShares TR · Trs Flt RT BD2.4%
- Northern Lts FD TR IV · Inspire 500 ETF1.8%
- Strategy Shs · Eventide US Mrkt1.8%
- Micron Technology Inc.1.7%
- Lam Research Corp.1.4%
- Advanced Micro Devices Inc.1.4%
- Broadcom Inc.1.4%
Together, the ten largest are 20.3% of reported value.
How many clients does Legacy Wealth Asset Management have?
Legacy Wealth Asset Management has 493 clients and manages $546 million for them, as of March 2026. They include 347 individual clients and 146 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026
What services does Legacy Wealth Asset Management offer?
Legacy Wealth Asset Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Legacy Wealth Asset Management use?
Legacy Wealth Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $546M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026
How many financial advisors does Legacy Wealth Asset Management have?
Legacy Wealth Asset Management has 4 investment adviser representatives registered with state securities authorities, out of 14 employees, and 4 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 4 employees are 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 Asset Management invest in?
At the end of its last fiscal year, Legacy Wealth Asset Management’s separately managed accounts held 68% exchange-traded equities, 19% investment grade corporate bonds, 10% other and 3% cash and equivalents. The 10% other category is described as: Alternative Assets.
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 Asset Management?
Legacy Wealth Asset Management is owned through a holding company by Michael Brocker. Its direct owner is Legacy Wealth, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 March 2026
How does Legacy Wealth Asset Management get paid?
Legacy Wealth Asset Management 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 Asset Management?
Legacy Wealth Asset Management’s main office is at 683 Bielenberg Drive, Suite 101, Woodbury, MN 55125. Its phone number is 651-621-2383. Its website is legacywealthwisdom.com.