Legacy Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and insurance. Financial planning was provided to 1–10 clients last fiscal year.
Legacy Wealth Management reports 97 clients. They include 56 individual clients, 40 high-net-worth individuals and 1 charitable organization. Of its assets, 85.9% ($394M across 190 accounts) are managed with discretion; $64.5M across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | 4% |
| High-net-worth individuals | 41% | 94% |
| Charitable organizations | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 56 | $16.3M | 3.6% | $291K |
| High-net-worth individuals | 40 | $431M | 94.0% | $10.8M |
| Charitable organizations | Fewer than 5 | $11.3M | 2.5% | $11.3M |
| Total | 97 | $459M | 100% | — |
- Clients
- 56
- Regulatory AUM
- $16.3M
- AUM share
- 3.6%
- Avg. per client
- $291K
- Clients
- 40
- Regulatory AUM
- $431M
- AUM share
- 94.0%
- Avg. per client
- $10.8M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.3M
- AUM share
- 2.5%
- Avg. per client
- $11.3M
Total
- Clients
- 97
- Regulatory AUM
- $459M
- 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
- 1–10
Legacy Wealth Management charges 0.60%–1.00% for its Portfolio Management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $3,500 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 1.00% |
| $1M–$5M | 0.85% |
| $5M–$10M | 0.70% |
| $10M and above | 0.60% |
Fee details and sources
Other fees
- Financial Planning
- May be included in portfolio management fees, or charged as a fixed fee negotiated at the engagement, which may be charged in advance.
Professional and Financial Services, LLC owns 75% or more of Legacy Wealth Management and is in turn owned by Charles Ross Bell JR Spousal Support Trust, Uad 12/31/2012 (75% or more). Forbes Watson is CEO. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Legacy Wealth Management, LLC
Professional and Financial Services, LLC
Control person · since September 2018
- Owns 75% or more of Professional and Financial Services, LLC
Charles Ross Bell JR Spousal Support Trust, Uad 12/31/2012
Control person · since January 2021
Legacy Wealth Management’s regulatory assets grew 1.8× from $259M (February 2021) to $459M (July 2026); clients rose from 46 to 97 and employees from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $459M | 97 | 4 | 1 |
| Feb 2025February 2025 | $421M | 69 | 4 | 1 |
| Jan 2024January 2024 | $305M | 54 | 3 | 1 |
| Feb 2023February 2023 | $273M | 49 | 3 | 1 |
| Jan 2022January 2022 | $315M | 57 | 1 | 1 |
| Feb 2021February 2021 | $259M | 46 | 2 | 1 |
Besides its headquarters, Legacy Wealth Management has 0 offices, with 1 listed address in 1 state.
Mississippi · 1 listed address
- 300 Concourse BLVD, Suite 102, RidgelandHQ
Contact and registration details
- Legal name
- Legacy Wealth Management, LLC
- Headquarters
- 300 Concourse BLVD, Suite 102, Ridgeland, MS 39157
- Website
- mylegacy.ms
- Phone
- 601-499-1970
- SEC file
- 801-117015
- Founded
- 2018
- Structure
- Mississippi LLC
- Fiscal year end
- December
Legacy Wealth Management’s named custodians for separately managed accounts are SEI Private Trust ($310M, 68%), Charles Schwab ($145M, 32%) and Pershing ($27.9K, 0%). Legacy Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $145M32%
- SEI Private TrustSEI Private Trust Company · Oaks, PA · $310M68%
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $27.9K0%
At year end, Legacy Wealth Management’s separately managed accounts were mostly in stocks (51%) and funds (26%).
What the accounts hold
- Stocks51%
- Funds26%
- Bonds15%
- State and local bonds10%
- Investment grade corporate bonds4%
- U.S. government and agency bonds1%
- Cash8%
How many clients does Legacy Wealth Management have?
Legacy Wealth Management has 97 clients and manages $459 million for them, as of July 2026. They include 56 individual clients, 40 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 July 2026
What services does Legacy Wealth Management offer?
Legacy Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Legacy Wealth Management charge?
Legacy Wealth Management charges 0.60%–1.00% for its Portfolio Management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $3,500 annual minimum.
Source: LEGACY WEALTH MANAGEMENT, LLC - FORM ADV, PART 2A, filed 15 July 2026
Which custodians does Legacy Wealth Management use?
Legacy Wealth Management’s separately managed account assets are held at SEI Private Trust Company (Oaks, PA), with $310M, Charles Schwab & Co., Inc. (Westlake, TX), with $145M and Pershing Advisor Solutions LLC (Jersey City, NJ), with $27.9K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 July 2026
How many financial advisors does Legacy Wealth Management have?
Legacy Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Management invest in?
At the end of its last fiscal year, Legacy Wealth Management’s separately managed accounts held 51% exchange-traded equities, 26% registered funds (mutual funds, ETFs, BDCs), 10% state and local bonds, 8% cash and equivalents, 4% investment grade corporate bonds and 1% U.S. government and agency bonds.
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 Management?
Legacy Wealth Management is owned through a holding company by Charles Ross Bell JR Spousal Support Trust, Uad 12/31/2012. Its direct owner is Professional and Financial Services, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 July 2026
How does Legacy Wealth Management get paid?
Legacy Wealth Management 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 Wealth Management?
Legacy Wealth Management’s main office is at 300 Concourse BLVD, Suite 102, Ridgeland, MS 39157. Its phone number is 601-499-1970. Its website is mylegacy.ms.
