Legacy Investment Partners, LLC
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Overview
Legacy Investment Partners, LLC is a financial advisor firm that has its headquarters in Overland Park, Kansas. Legacy Investment Partners, LLC has $232.6 million in assets under management across 372 client accounts, making it a mid-tier investment advisory firm in the nation by assets under management (AUM). It has a small group, including 3 financial advisors. Legacy Investment Partners, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like options, bonds and stocks.
Legacy Investment Partners, LLC administers the majority of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments for the client's account without needing the customer's permission. Legacy Investment Partners, LLC also has 60 non-discretionary accounts with a total of $7.8 million in assets. The company manages about $625,270 in assets for every account. The typical financial advisor at Legacy Investment Partners, LLC manages about 124 client accounts.
The firm's main office is located at 6240 West 135Th Street, Overland Park, Kansas 66223. It is legally allowed to serve customers across a few states, including Kansas, Missouri, North Carolina, Texas and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Legacy Investment Partners, LLC by the Numbers
$232.6 million
3
372
$625.3 thousand
Products and Services
Legacy Investment Partners, LLC provides a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the past fiscal year, it provided 1-10 of its customers with financial planning services. Legacy Investment Partners, LLC does not sell products or offer services other than investment advisory services to its investment advisory accounts.
Core Advisor Services
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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.
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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.
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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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Offered by 20% of firms
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.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services usually are based on the type of services provided. However, fees charged by Legacy Investment Partners, LLC likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Legacy Investment Partners, LLC caters to retail investors and high net worth investors. Out of its 372 accounts, Legacy Investment Partners, LLC's biggest client by number of accounts is retail investors, but it also caters to 71 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are non-U.S. persons.
- High-Net-Worth Individuals* - 34.47%
- Other Individuals - 65.53%
- 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 Investment Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. 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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