Legacy Wealth Management INC
Assets Under Management
$2.4B
Number of Clients
1,412
Number of Advisors
15
Average Client AUM
$1.7M
AUM per Advisor
$157.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Legacy Wealth Management is an employee-owned firm offering financial planning and customized portfolio management. They work in client service teams to develop long-term financial and investment strategies. The firm manages investment assets on a discretionary basis for individuals, trusts, and institutions. Legacy does not sell products or earn commissions.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $5.0M | 0.50% |
| $5M+ | 0.40% |
Fees are negotiable on an exception basis.
Fee Estimator
Legacy's fees for wealth management services, which include both portfolio management and financial planning, are based on assets under management. The annual fee is 1.0% on the first $2 million, 0.5% on the next $3 million, and 0.4% on amounts over $5 million. Fees are negotiable on an exception basis. The recommended minimum account size is $500,000.
Areas of Practice
Location
1715 Aaron Brenner Dr., Suite 301, Memphis, TN, 38120-1443