LEGACY FINANCIAL ADVISORS CORPORATION

RIASEC RegisteredEst. 2003

Total AUM

$318M

Discretionary

$313M

98% of AUM

Avg account

$335K

Accounts

948

Employees

Advisory reps

Firm details

Headquarters: BLOOMINGTON, Minnesota
CRD number: 115384
Registered since: May 5, 2003
Website: lfamn.com
Custodians: CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Commissions
Client types: HNWI85.02%
Individuals14.98%
Services: Financial PlanningPortfolio Management for Individuals

Firm profile

FINTRX

Overview

Legacy Financial Advisors Corporation is an independent registered investment adviser that provides financial planning and portfolio management for individuals, families and small-business owners. The firm operates as a corporation owned by an individual principal and also conducts insurance brokerage activities. Its advisory model combines percentage-of-AUM fees with commission-based business, reflecting a mix of ongoing wealth management and insurance or transactional relationships. Legacy is not structured as a capital allocator or a multi-state advisory network, and its ADV indicates it does not emphasize ESG investing. The adviser has been SEC-registered since 2003 and targets private clients rather than institutional pension plans or related advisers. Services center on personalized planning and discretionary portfolio management rather than running pooled investment vehicles.