Broker Check

 800-519-4015

Questions and Answers

What are the benefits of working with an Independent Advisor such as Legacy Wealth Management (LWM) versus a large non-independent firm?

Unbiased and independent financial advice and support from seasoned professionals who, unlike those at the larger firms, are not driven by sales quotas or required to sell proprietary products.

We work for you - our client… Not Wall Street.

How does Legacy earn money for managing my finances?

Our firm and advisors are compensated in 3 ways.

  1. Fees from providing a financial plan to our clients.
  2. Fees from the management of our clients' portfolios.
  3. A commission for the placement of an insurance or investment product recommended to our client by an advisor.

What should I know about ‘Custodianship’?

In today’s environment it is imperative that a Third Party Custodian hold your funds. LPL Financial, Pershing, and SEI are just a few of the third party custodians that care for our clients' securities and cash.

Is it easy for me to review my account activity?

Our clients can log into their accounts 24/7 to access and review their portfolio including all account activity, statements, trade confirmations, tax documents, and performance reports.

Do I have to engage in Financial Planning to utilize your other services?

While Financial Planning is an extremely useful process we do not require our clients to pay for this service in order to provide Asset Management or Risk Management Services.

Who is LPL Financial?

LPL Financial LLC is the largest Broker/Dealer in the United States as ranked by Financial Planning Magazine, June 1996-2016, based on total revenue and the chosen Broker/Dealer for the trusted advisors of Legacy Wealth Management. LPL Financial provides our firm with state-of-the-art technology, compliance and regulatory oversight, back office reporting and processing, access to sophisticated products and technical research, and numerous other financial services that give you, our client, the support and confidence that your financial affairs are being managed properly.