Legacy Financial Solutions, Inc.

Legacy Financial Solutions provides personalized financial planning and asset management to individuals, trusts, estates, charitable organizations, and business entities. The firm reports managing $7,300,000 in client assets and generally works with clients through account-level advisory relationships subject to a stated advisory minimum that the firm may waive in certain cases.

The firm delivers investment advice on a non-discretionary basis, gathering suitability information, proposing tailored strategies or model portfolios, and obtaining client approval before executing trades; it also may recommend and monitor third-party advisers for portions of client portfolios. Its methods include fundamental and technical analysis and a mix of long- and short-term trading when appropriate, and the firm discloses that some financial planning is incidental to its asset management services.

Notable differences from many peers include its affiliation with an accounting firm (LFS Tax Group, LLC), which the firm may recommend for accounting services, and that its investment advisers are also licensed insurance producers who receive commission-based compensation for insurance and other product sales (including secondary-market annuities and precious metals), separate from advisory fees. The brochure discloses these affiliations and commission arrangements as potential conflicts of interest and indicates that clients are not required to use the firm’s affiliates or insurance representatives.