Family Legacy Planning

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Client assets under management

$161,621,656

Clients

327

10% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

109

Very High

Average account size

$494,256

About

Family Legacy Planning serves individual investors (including high‑net‑worth clients) as well as retirement plan sponsors and other business entities, offering portfolio management, written financial planning (full and modular) and retirement‑plan consulting and fiduciary services. The firm also provides implementation through managed accounts and delivers educational seminars and workshops to the public, employers, family foundations and plan participants.

FLP’s investment process emphasizes a value‑oriented, primarily long‑only approach combined with tactical and strategic asset allocation, and it tailors written plans and ongoing advice to each client’s objectives and risk tolerance. For discretionary management, FLP delivers client accounts through the AE Wealth Management program, using model managers and sub‑advisers (with custodial and execution services provided via major custodians) while retaining responsibility for due diligence and client communication.

Noteworthy relative to peers, FLP participates in a wrap‑fee, model‑manager platform arrangement — a structure relatively uncommon among similar small advisory firms — and routinely offers no‑cost seminars and workshops to groups and the public. The brochure also discloses that some firm representatives are licensed insurance agents who may implement insurance or annuity recommendations in a separate capacity, a dual role and potential conflict the firm describes and addresses in its policies.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Expertise

General retirement planning Retirement income strategy Retirement plans for business owners (SEP, solo 401k) Wealth management

Occupation focus

Founder/Business Owner Retired

Fee options

Fixed

Fixed fees for financial planning and consulting services ranging from $400 to $10,000; $1,200 fixed fee for first year retirement plan enrollment and education (divided quarterly)

Percentage

$0 - $250,000: 1.45% $250,001 - $500,000: 1.30% $500,001 - $1,000,000: 1.15% $1,000,001 - $2,000,000: 1.10% $2,000,001 - $3,000,000: 0.95% $3,000,001 - $4,000,000: 0.75% $4,000,001+: 0.50%

Project-based

$200 per hour for financial consulting and retirement plan consulting services

Other

Minimum fee: Minimum fixed fee of $400 for financial planning and consulting services, negotiable Fee-only: Financial planning fixed fees range from $400 to $10,000; hourly consulting at $200/hour; asset management fees tiered as above; retirement plan fees tiered separately.

Main office location

Family Legacy Planning

1003 Se 14 Th St., Ste 15

Bentonville AR 72712, United States

Number of offices

Most active in

Arkansas · Louisiana · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Facebook X Website (479) 273-3040

Advisors at this firm

David W

Series 65

Bentonville, AR

Family Legacy Planning

David Welborn is a financial advisor at Family Legacy Planning with nine years of industry experience. He holds a Series 65 designation and previously worked at AE Wealth Management, LLC. Outside of advising, he manages a farm through BWS Farm, LLC, where he oversees crop production. Family Legacy Planning serves individual investors, retirement plan sponsors, and business entities, providing portfolio management, financial planning, and fiduciary services. The firm employs a value-oriented, primarily long-only investment approach combined with tactical and strategic asset allocation, tailoring advice to clients’ objectives and risk tolerance.

General retirement planning Retirement income strategy Retirement plans for business owners (SEP, solo 401k) Wealth management Founder/Business Owner Retired

Frederick M

Series 65

Lafayette, LA

Family Legacy Planning

Frederick Miller is a financial advisor at Family Legacy Planning with 11 years of industry experience. He holds the Series 65 designation and has worked at several firms, including AE Wealth Management, LLC and Global Financial Private Capital, LLC. Outside of financial advising, he serves as secretary and property manager for The Gingerbread House of New Iberia, a children’s daycare facility. Family Legacy Planning serves individual investors, retirement plan sponsors, and business entities, offering portfolio management, financial planning, and retirement-plan consulting. The firm emphasizes a value-oriented, primarily long-only investment approach combined with tactical and strategic asset allocation, and provides educational seminars and workshops to the public and various groups.

General retirement planning Retirement income strategy Retirement plans for business owners (SEP, solo 401k) Wealth management Founder/Business Owner Retired

Brian P

Series 66

Bentonville, AR

Family Legacy Planning

Brian Prosser is a financial advisor at Family Legacy Planning with four years of industry experience. He holds the Series 66 designation and previously worked at Thrivent Financial and North Bay Regional Center. Outside of his advisory role, he is also a licensed insurance agent. Family Legacy Planning serves individual investors, retirement plan sponsors, and business entities by providing portfolio management, written financial planning, and retirement-plan consulting. The firm employs a value-oriented, primarily long-only investment approach combined with tactical and strategic asset allocation, and offers educational seminars and workshops to clients and the public.

General retirement planning Retirement income strategy Retirement plans for business owners (SEP, solo 401k) Wealth management Founder/Business Owner Retired

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