Legacy Wealth Management

Financial Advisor in Fargo, ND

Firm Info
Address: 3409 45th St S, Fargo, ND 58104, USA
Phone: (701) 365-8083

Firm Size
Assets Under Management: $314.5 million
# of Advisors: 1
# of Clients: 136
Client to Advisor Ratio: 136:1
Average Account Size: $2.3 million
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Charitable Organizations

Available Fee Structures
  • Percentage of Assets Under Management (AUM)

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Legacy Wealth Management, LLC Overview

Legacy Wealth Management, LLC is an investment advisory firm that has been providing fee-only services since 2019. The firm is headquartered in Ridgeland, MS and offers investment advice only. Their main services include financial planning and portfolio management for individuals and small businesses. The firm is committed to providing clients with personalized investment strategies that take into account their unique financial needs and goals. As a fee-only advisory firm, Legacy Wealth Management only charges clients for the advice and services they provide, without taking commissions or selling investment products. This ensures that their clients receive unbiased advice that is aligned with their best interests, rather than being influenced by potential conflicts of interest. Legacy Wealth Management's team of experienced advisors provides a range of investment services, including selecting and monitoring other advisors. They work closely with their clients to understand their financial objectives and risk tolerance, and then take a disciplined approach to constructing and managing their portfolios. This customized investment approach is designed to help clients achieve their financial goals, whether it be saving for retirement, funding a child's education, or building a sustainable income stream in retirement.

Legacy Wealth Management, LLC serves a diverse client base that includes individuals, high net worth individuals, and charitable organizations. Their personalized financial services cater to the unique needs of each client and cover a wide range of financial planning and investment management needs. They work closely with their clients to understand their financial goals and craft tailored strategies that align with their objectives. Legacy Wealth Management, LLC offers a variety of fee structures depending on the service provided. Clients can opt for a percentage of assets under management (AUM) model where the firm charges a percentage of the total assets they manage on behalf of the client. This structure incentivizes the firm to grow the client's portfolio and ensures that their interests are aligned. Other fee structures include hourly, fixed, and retainer-based fees. These different fee structures provide flexibility and cater to different client needs and preferences. Clients can rest assured that Legacy Wealth Management, LLC's transparent and competitive fee structures ensure that they receive top-notch financial services at a fair price.

Typical Clients, Fee Structures & Investment Minimum

According to the note in Legacy Wealth Management, LLC's Part 2 Brochure, they do not have a minimum account size. However, clients should be aware that LWM may charge a minimum fee as mentioned in Item 5.

How This Office Can Help Fargo, ND Residents

At Legacy Wealth Management, clients in Fargo, ND receive personalized financial planning and investment strategies to help them navigate the unique financial situations that may arise in their community. For example, farmers in the area may need assistance with estate planning and succession strategies for ensuring their operations continue to thrive after passing the farm onto the next generation. Alternatively, retirees in Fargo may require assistance with retirement income planning and making their assets last through their retirement years. In addition to specific financial needs, Legacy Wealth Management also offers comprehensive financial planning solutions designed to help clients achieve financial independence. This includes creating a tailored investment portfolio that reflects an individual's risk tolerance, diversifying assets, and regularly rebalancing investments as needed. Other services include retirement planning, tax management, insurance planning, and estate planning, all tailored to meet the needs of each client in Fargo, ND. With Legacy Wealth Management, clients receive guidance and support to help them navigate their financial lives and achieve their long-term financial goals.

To view the Minimum Investment and Fee Schedule for Legacy Wealth Management, LLC, visit their Part 2 Brochure.

Services Offered by Legacy Wealth Management, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Legacy Wealth Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 3409 45th St S, Fargo, ND 58104, USA
Phone (701) 365-8083
Opening Hours
  • Mon 8:30 AM–4 PM
  • Tue 8:30 AM–4 PM
  • Wed 8:30 AM–4 PM
  • Thu 8:30 AM–4 PM
  • Fri 8:30 AM–1 PM
  • Sat Closed
  • Sun Closed
Directions
Google My Business Reviews:
5 Stars  |  1 Reviews

Other Office Locations

Firm Headquarters
Firm headquarters location 300 CONCOURSE BLVD, SUITE 102, RIDGELAND, MS 39157, United States

This firm has no other locations.

State Registrations

Legacy Wealth Management, LLC is registered to service clients in the following states:

  • Louisiana
  • Mississippi
  • Texas

Disciplinary History

Legacy Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Fiduciary Financial Advisor FAQs