{"url":"https://nivawealth.com/firms/legacy-wealth-management-304659","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/304659","regulatoryAum":458603206,"crd":"304659","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7535157","suffix":null,"lastName":"Hartness","firstName":"Maggie","middleName":"Traxler"},{"crd":"2646260","suffix":"III","lastName":"HENDERSON","firstName":"WILFRED","middleName":"W"},{"crd":"1050748","suffix":null,"lastName":"WATSON","firstName":"FORBES","middleName":"LEWIS"},{"crd":"7832093","suffix":null,"lastName":"Watson","firstName":"Reid","middleName":"Mathis"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-05","regulatoryAum":259166407,"clients":46,"employees":2,"offices":1},{"filedOn":"2022-01-27","regulatoryAum":314518843,"clients":57,"employees":1,"offices":1},{"filedOn":"2023-02-10","regulatoryAum":273080944,"clients":49,"employees":3,"offices":1},{"filedOn":"2024-01-30","regulatoryAum":304881021,"clients":54,"employees":3,"offices":1},{"filedOn":"2025-02-27","regulatoryAum":421093989,"clients":69,"employees":4,"offices":1},{"filedOn":"2026-07-15","regulatoryAum":458603206,"clients":97,"employees":4,"offices":1}],"secFileNumber":"801-117015","legalName":"Legacy Wealth Management, LLC","displayName":"Legacy Wealth Management","slug":"legacy-wealth-management-304659","website":"https://mylegacy.ms/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2018","organization":"Mississippi limited liability company","fiscalYearEnd":"December","headquarters":{"street":"300 Concourse BLVD, Suite 102","city":"Ridgeland","state":"MS","stateName":"Mississippi","country":"United States","postalCode":"39157"},"tradeNames":[],"registration":{"secApproved":"26 July 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":4659606.270833333,"staff":{"employees":4,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":458603206,"discretionary":394079662,"discretionaryAccounts":190,"nonDiscretionary":64523544,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":56,"regulatoryAum":16292765},{"label":"High-net-worth individuals","clients":40,"regulatoryAum":431029437},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":11281004}],"feePrograms":[{"role":"main","program":"Portfolio Management","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":5000000,"pct":0.85,"from":1000000},{"to":10000000,"pct":0.7,"from":5000000},{"to":null,"pct":0.6,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051745","versionId":1051745,"ratePeriod":"not_stated","fee_billing":"arrears","submittedOn":"2026-07-15","documentName":"LEGACY WEALTH MANAGEMENT, LLC - FORM ADV, PART 2A","fee_rate_low":0.6,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":3500},{"role":"other","program":"Financial Planning","summary":"May be included in portfolio management fees, or charged as a fixed fee negotiated at the engagement, which may be charged in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051745","versionId":1051745,"submittedOn":"2026-07-15","documentName":"LEGACY WEALTH MANAGEMENT, LLC - FORM ADV, PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T10:39:28.339161+00:00","documents":[{"name":"LEGACY WEALTH MANAGEMENT, LLC - FORM ADV, PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051745","versionId":1051745,"submittedOn":"2026-07-15"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":27934},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":145270442},{"name":"SEI Private Trust Company","shortName":"SEI Private Trust","location":"Oaks, PA","smaAssets":309752685}],"custodyNote":"Legacy Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Forbes Watson","title":"Chief Executive Officer and Chief Compliance Officer","crd":"1050748"}],"ownership":[{"label":"Professional and Financial Services, LLC","detail":"Sole member in the 75% or more ownership band and a control person, since September 2018."},{"label":"Charles Ross Bell JR Spousal Support Trust, Uad 12/31/2012","detail":"Indirect owner: a trust of Professional and Financial Services, LLC in the 75% or more band and a control person, since January 2021.","parent":"Professional and Financial Services, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Mississippi","offices":1,"addresses":[{"street":"300 Concourse BLVD, Suite 102","city":"Ridgeland","headquarters":true}]}],"brochureServices":["insurance"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"601-499-1970","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":51},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":10},{"label":"Investment grade corporate bonds","percent":4},{"label":"Securities issued by registered investment companies or business development companies","percent":26},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"15 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/304659/PDF/304659.pdf","brochureDate":"15 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051745","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Legacy Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Legacy Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Legacy Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Legacy Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Legacy Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Legacy Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Legacy Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Legacy Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Legacy Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 15 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}