Legacy Planning Advisors, LLC

CRD#121289
Investment Advisor Firm

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Overview

Legacy Planning Advisors, LLC is located at 5400 Laurel Springs Parkway, Suwanee, GA. The firm employs 3 financial advisors to manage client portfolios and provide financial guidance. Legacy Planning Advisors, LLC is not a registered broker-dealer.

Legacy Planning Advisors, LLC oversees $175.3 million in assets under management across 664 accounts, all of which are non-discretionary. Over the past year, the firm has provided financial planning services to between 101 and 250 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and educational seminars. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at Legacy Planning Advisors, LLC includes asset-based, hourly, and fixed fees. The firm has 53 high net worth clients and maintains affiliations with a broker-dealer or securities dealer.

Legacy Planning Advisors, LLC is registered in the states of Florida, South Carolina, Texas, and Georgia.

Assets Under Management

$175.3 million

Number of Advisors

3

Disclosures

No

Office Location

5400 Laurel Springs Parkway
Suwanee, GA 30024

Legacy Planning Advisors, LLC by the Numbers

Total Assets Under Management

$175.3 million

National Average: $8.6 billion
Total Number of Employees

3

National Average: 64
Total Number of Accounts

664

National Average: 375,227
Average Account Size

$264.0 thousand

National Average: $23.0 thousand
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Products and Services

Legacy Planning Advisors, LLC provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, and educational seminars. In the last fiscal year, Legacy Planning Advisors, LLC provided 101-250 of its customers with financial planning services. The Company is not involved in selling products or offering services apart from investment advice to its investment advisory accounts.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial advisory services largely vary depending on the financial services provided. Fees billed by Legacy Planning Advisors, LLC likely include any combination of the following fee structures: asset-based, hourly, or fixed.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It provides services to retail investors and high net worth investors. Out of its 2 clients, Legacy Planning Advisors, LLC's largest client type by number of accounts is high net worth investors, although it also caters to 53 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

Created with Highcharts 6.0.7
  • High-Net-Worth Individuals* - 23.14%
  • Other Individuals - 76.86%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Legacy Planning Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Created with Highcharts 6.0.7
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Financial Advisors at Legacy Planning Advisors, LLC

Derek Bell
Suwanee, GA

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The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.