Legacy Wealth Planning, LLC is a large advisory firm based in Reno. It manages $263.7 million of regulatory assets for 756 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Massachusetts, Nevada, and Texas.
Legacy Wealth Planning provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Legacy Wealth Planning, LLC is $263.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and $160 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Legacy Wealth Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Legacy Wealth Planning is high net worth individuals with 117 clients and $150 million of assets under management. Among the 8 most similar advisory firms, Legacy Wealth Planning has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $262.53 million for 752 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Legacy Wealth Planning doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Legacy Wealth Planning, LLC performs its advisory services is located at 10599 Double R Blvd, Reno, NV 89521, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 775-850-2500 or by fax 775-850-2505. The normal business hours are fri 6:30 - 3 on Other. You can find more information about the New York firm at lwpreno.com.