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Legacy Financial Group

Updated today

Client assets under management

$998,299,773

Clients

1,450

22% high-net worth

Advisors

8

of 18 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

181

Very High

Average account size

$688,483

About

Legacy Financial Group serves individuals, high‑net‑worth clients, families and retirement plans with discretionary and non‑discretionary investment management, financial planning, pension consulting, and divorce‑related financial consulting. The firm also offers financial education services, including employer and classroom presentations.

The firm describes itself as a “total portfolio” manager that uses an active, diversified approach and develops written investment policy statements to tailor portfolios to individual objectives. Its primary strategy emphasizes long‑term purchases, supplemented by fundamental and technical analysis and, when appropriate, referrals to third‑party investment managers.

Distinctive features disclosed in the brochure include that several investment adviser representatives are also registered representatives of a broker‑dealer and may recommend commissionable products; the firm notes this dual registration, the resulting conflicts and that commissions do not exceed 50% of revenue and are not charged to fee‑based clients. Legacy is under common ownership with LFG Tax & Accounting, LLC and LFG Insurance Services, LLC, and the brochure details referrals to those affiliated tax and insurance entities as well as paid financial education programs and the potential for complementary tax services for larger client relationships.

Client services

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

Expertise

Active portfolio management Options & derivatives strategies Divorce financial planning

Fee options

Fixed

Financial education services charged flat fees or $100 - $150 per student; pension consulting flat fees $750 to $10,000

Percentage

0.70% to 1.2% depending on account size and other factors with break points for AUM thresholds

Commissions

Certain IARs are registered representatives and may earn commissions for sales of securities and insurance products; commissions do not exceed 50% of firm revenue and are separate from advisory fees

Project-based

Financial planning and consulting services charged $150 - $250 per hour; pension consulting hourly fee $150

Other

Fee-only: Financial planning and consulting fees charged hourly at $150 - $250 per hour; pension consulting fees charged hourly at $150 per hour or flat fees ranging from $750 to $10,000 or up to 1.5% of plan assets

Main office location

Legacy Financial Group

6000 Grand Avenue, Suite B

Des Moines IA 50312, United States

Number of offices

1

Most active in

Arizona · California · Colorado · Florida · Illinois · Iowa · Kansas · Louisiana · Minnesota · Missouri · Nebraska · New Hampshire · North Carolina · Oregon · Texas · Virginia · Washington · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Brian H

CFP®, Series 63

Des Moines, IA

Legacy Financial Group

Brian Hood is a CFP® with 38 years of industry experience, currently serving at Legacy Financial Group in Des Moines, IA. He has worked at Brokers International Financial Services and Purshe Kaplan Sterling Investments, among other firms. Outside of his advisory role, he is involved as head coach of the Central Iowa Scholastic Shooters, a nonprofit supporting junior shooting sports, and he is a member-owner of Quad B Flying, which involves ownership and flying of airplanes. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions by offering investment management, financial planning, consulting, and retirement plan services. The firm employs an active, diversified “total portfolio” approach, using fundamental and technical analysis, options, and structured notes, while tailoring portfolios to client objectives and acting as a fiduciary.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

Tamara S

Series 66

Des Moines, IA

Legacy Financial Group

Tamara Smith is a financial advisor at Legacy Financial Group with 21 years of industry experience. She holds the Series 66 designation and has worked previously at Peterson Financial Group, Inc., Princor Financial Services Corporation, and the American Diabetes Association. In addition to her advisory role, she is involved in direct insurance sales focusing on life and fixed insurance products. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and other institutions. The firm provides a range of services including investment management, financial planning, retirement consulting, and financial education, using an active, diversified approach tailored to client objectives.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

Anthony G

Series 66

Des Moines, IA

Legacy Financial Group

Anthony Gensler is a financial advisor at Legacy Financial Group with three years of industry experience. He holds the Series 66 designation and previously worked at Ameriprise Financial Services, LLC. Outside of finance, he works as a food delivery driver for Door Dash. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions. The firm employs an active, diversified investment approach with a focus on long-term purchases, periodic rebalancing, and uses fundamental and technical analysis, options, and structured notes as part of its strategy.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

Scott N

Series 65

Des Moines, IA

Legacy Financial Group

Scott Nelson is a financial advisor at Legacy Financial Group with eight years of industry experience. He holds a Series 65 designation and has been with Legacy Financial Group since 2016, following a one-year tenure at Select Medical. Outside of his advisory role, Nelson provides life insurance and fixed annuity sales as an agent. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions, offering investment management, financial planning, consulting, and education programs. The firm employs an active, diversified investment approach focused on long-term strategies, fundamental and technical analysis, and customized portfolio management.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

Scott A

Series 66

Des Moines, IA

Legacy Financial Group

Scott Arnburg is a financial advisor with Legacy Financial Group in Des Moines, IA, holding a Series 66 designation and 15 years of industry experience. He has worked at LPL Financial and Legacy Financial Group since 2010. Outside of his advisory role, he serves on the board of the Dragoon Trail Chapter of the Izaak Walton League of America, a conservation nonprofit. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions by providing investment management, financial planning, retirement and pension consulting, divorce-related financial consulting, and financial education. The firm employs an active, diversified “total portfolio” management approach that emphasizes long-term holdings with periodic rebalancing and incorporates fundamental and technical analysis.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

Nicholas H

Series 65

Des Moines, IA

Legacy Financial Group

Nicholas Hemsted is a financial advisor at Legacy Financial Group with three years of industry experience. He holds a Series 65 license and previously worked at Bankers Trust and Veridian Credit Union. Nicholas is also a licensed life and health insurance agent in Iowa, appointed with various carriers to provide insurance and fixed annuity products. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions by offering investment management, financial planning, retirement plan consulting, and financial education. The firm employs an active, diversified investment approach with a focus on long-term strategies, using fundamental and technical analysis and tailored portfolio management.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

Rachel W

Series 63, Series 66

Des Moines, IA

Legacy Financial Group

Rachel Wood is a financial advisor with Legacy Financial Group in Des Moines, IA, holding Series 63 and Series 66 licenses and bringing 21 years of industry experience. Her prior roles include positions at Brokers International Financial Services and Vsr Advisory Services. Outside of advisory work, she serves as treasurer for the Indianola Church of Christ. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions, offering investment management, financial planning, consulting, and financial education. The firm employs an active, diversified investment approach focused on long-term holdings with periodic rebalancing, utilizing both fundamental and technical analysis.

Active portfolio management Options & derivatives strategies Divorce financial planning
user avatar

William E

CFP®, Series 63

Des Moines, IA

Legacy Financial Group

William Elson is a CFP® with 37 years of experience in the financial services industry. He is currently with Legacy Financial Group in Des Moines, IA, where he has worked since 2016, and has held roles at Brokers International Financial Services, VSR Advisory Services, and other firms. Outside of advisory work, he is involved in insurance sales and manages several non-investment-related business ventures including farming and real estate development. Legacy Financial Group serves individuals, high-net-worth clients, families, retirement plans, and institutions. The firm provides discretionary and non-discretionary investment management, financial planning, consulting, and retirement plan services, employing an active, diversified approach focused on long-term portfolio management with periodic rebalancing and tailored client strategies.

Active portfolio management Options & derivatives strategies Divorce financial planning
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