Legacy Wealth Concepts

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Client assets under management

$64,803,879

Clients

151

0% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Typical

Average account size

$429,165

About

Legacy Wealth Concepts (doing business as Benedict Wealth Management, LLC) provides portfolio management, financial planning and related wealth services to individual investors as well as trusts, charitable institutions, foundations and other entities. The firm also operates in brokerage and insurance capacities: its advisors are registered with a broker-dealer and maintain insurance appointments, so clients may receive both fee-based advisory recommendations and commissionable insurance or securities products.

The firm manages about $64.8 million with a two-advisor team and conducts most advisory relationships on a non-discretionary basis, delivering recommendations that clients implement themselves and reviewing accounts at least annually and typically quarterly. Investment work is customized around client goals and risk tolerance, often documented in formal investment policy statements for larger accounts, and commonly utilizes unit investment trusts alongside access to third‑party managers (AssetMark, Orion, SEI) as appropriate.

What is distinctive is the combination of an RIA practice with an affiliated broker‑dealer relationship and active insurance licensing, which means the firm regularly operates in both fiduciary advisory and commissionable distribution roles. The firm also offers ancillary services — including tax return preparation and occasional retainer-based ongoing planning — a service mix that is less common among similarly sized supported firms.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

General tax planning Long-term care insurance Cash flow / budgeting

Fee options

Fixed

Negotiated fixed fees for financial planning

Percentage

0.25% to 1.25% annually, billed quarterly in arrears

Commissions

Commissions received when acting as an insurance agent or Registered Representative of United Planners for commissionable products, but not on fee-based accounts

Project-based

Financial planning charged at $150 per hour

Subscriptions

Occasional negotiated retainer fee for ongoing financial planning activities

Other

Account minimum: $250,000 Fee-only: Financial planning fees charged at $150 per hour or negotiated fixed fee; occasional negotiated retainer fee for ongoing planning

Main office location

Legacy Wealth Concepts

17461 Jefferson Hwy., Suite B

Baton Rouge LA 70817, United States

Number of offices

Most active in

Louisiana · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

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

Broker-dealer / trader

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

Is not active or affiliated with:

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

Quick links

Website 225-766-9506

Advisors at this firm

Alan S

Series 63, Series 65

West Monroe, LA

Legacy Wealth Concepts

Alan Stephenson is a financial advisor at Legacy Wealth Concepts with 27 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at firms including United Planners Financial Services and Stephenson Financial. Outside of finance, he is involved in several entrepreneurial ventures, including ownership roles in a handyman service and heating and air companies, and serves on the board of Polygon Health as Chief Patient Officer. Legacy Wealth Concepts offers portfolio management, financial planning, and related wealth services to individuals, trusts, charitable institutions, and foundations. The firm combines fiduciary advisory and commissionable distribution roles through its affiliated broker-dealer and insurance appointments, managing approximately $64.8 million with a focus on customized investment strategies and ancillary services such as tax preparation and ongoing planning.

General tax planning Long-term care insurance Cash flow / budgeting

Carl B

CFP®, Series 63

Baton Rouge, LA

Legacy Wealth Concepts

Carl Benedict is a CFP® with 42 years of experience in financial advising, currently practicing at Legacy Wealth Concepts in Baton Rouge, LA. He has served on the Louisiana College Board of Trustees and is a member of the Board of Election Supervisors in Gonzales, LA. Benedict also provides tax preparation services independently. Legacy Wealth Concepts offers portfolio management and financial planning to individuals, trusts, charitable institutions, and other entities. The firm combines fiduciary advisory services with brokerage and insurance capabilities, managing approximately $64.8 million with a two-advisor team and delivering customized, mostly non-discretionary investment recommendations.

General tax planning Long-term care insurance Cash flow / budgeting

Lynella D

Series 63, Series 66

Baton Rouge, LA

Legacy Wealth Concepts

Lynella Devillier is a financial advisor at Legacy Wealth Concepts with 33 years of industry experience. She holds Series 63 and Series 66 licenses and has worked with multiple firms, including Orion Communications, Inc. and Benedict Wealth Management, LLC. Outside of her advisory work, she is involved in a workforce management software company serving first responders and municipal governments. Legacy Wealth Concepts provides portfolio management, financial planning, and related wealth services to individuals, trusts, charitable institutions, and other entities. The firm combines fiduciary advisory services with brokerage and insurance capabilities, managing approximately $64.8 million across a two-advisor team and offering customized investment solutions.

General tax planning Long-term care insurance Cash flow / budgeting

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