LEGACIES WEALTH LLC

RIASEC RegisteredEst. 2015

Total AUM

$505M

Discretionary

$413M

82% of AUM

Avg account

$1.7M

Accounts

298

Employees

Advisory reps

Firm details

Headquarters: MINNETONKA, Minnesota
CRD number: 143138
Registered since: June 26, 2015
Website: www.doughertywealth.com
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Fixed Fees, Commissions
Client types: HNWI96.85%
Individuals1.72%
Charitable Organizations1.42%
Services: Financial PlanningPortfolio Management for IndividualsSelection of Other Advisers

Firm profile

FINTRX

Overview

Legacies Wealth LLC is an independent registered investment adviser, operating since 2015 and structured as an LLC. The firm serves both individual and family clients as well as institutional buyers, and describes itself as a capital allocator that selects outside managers in addition to providing financial planning and portfolio management for individuals and small businesses. Its revenue models include AUM-based fees, fixed fees and commission arrangements, and it also conducts insurance brokerage activity. Legacies does not identify as an active ESG investor. Legacies positions itself to blend in-house advisory services with third-party manager selection; the adviser’s activities explicitly include choosing other advisers and allocating to external alternative asset managers. The firm lists relationships with trust companies and accountants among its industry affiliations, which suggests coordination with custody/trust and tax professionals as part of client servicing.