Wealth manager, independent · Covington, KY
Legacy Financial Advisors, Inc.
SEC-registered investment adviser · CRD 158675 · SEC 801-72637
At a glance
Legacy Financial Advisors, Inc. is an SEC-registered investment adviser based in Covington, Kentucky, with $1.5B in regulatory assets under management as of its Form ADV filed July 17, 2026. It reports 1,061 individual clients, 482 of them high-net-worth, holding an average of about $1.4 million each, and 21 employees. That ranks it 724th among the nation’s 5,657 independent wealth management RIAs and 6th of 47 in Kentucky. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 859-655-5225legacyfinancialadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #724 of 5,657
- Rank among all SEC RIAs
- #4,237 of 17,210
- Rank in Kentucky
- #6 of 47
- Individual clients
- 1,061
- High-net-worth clients
- 482
- Accounts
- 3,721
- Discretionary
- 100% of AUM
- Employees
- 21
- Advisory staff
- 12
- Offices
- 3
Owners and executives on its Form ADV
- Michael J. MaiselCEO and Managing Principal
- Paul A. SartoriManaging Principal
- Peter T. LucasManaging Principal
- Laura L. BranumChief Operations Officer
- Robert J. KuhnheinDirector of Investments
- Jonathan G. KastingChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Legacy Financial Advisors, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 482 | $1.3B | 89% |
| Individuals | 579 | $161M | 11% |
| Charitable organizations | 4 | $12M | <1% |
Disciplinary disclosures
Legacy Financial Advisors, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗legacyfinancialadvisors.com ↗
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Kentucky
All of Kentucky →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Keystone Financial Group, LLCLexington | $2.3B | 6,602 |
| Journey Advisory Group, LLCCovington | $1.7B | 859 |
| The Gleason Group, Inc.Prospect | $1.6B | 262 |
| Strategic Wealth Investment Group, LLCLouisville | $1.4B | 3,900 |
| KPP Advisory Services LLCLouisville | $1.2B | 3,995 |
Background
Questions
How much does Legacy Financial Advisors, Inc. manage?
Legacy Financial Advisors, Inc. reports $1.5B in regulatory assets under management across 3,721 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 17, 2026.
How many clients does Legacy Financial Advisors, Inc. have?
It reports 1,061 individual clients: 482 high-net-worth individuals and 579 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Legacy Financial Advisors, Inc. headquartered?
Its main office is in Covington, Kentucky. It reports 3 offices in total and 21 employees, 12 of whom perform investment advisory functions.
How does Legacy Financial Advisors, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Legacy Financial Advisors, Inc. use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed July 17, 2026, it reports these amounts held: Fidelity ($473M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Legacy Financial Advisors, Inc. a hybrid RIA with a broker-dealer?
Legacy Financial Advisors, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Legacy Financial Advisors, Inc. a fiduciary?
As an SEC-registered investment adviser, Legacy Financial Advisors, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Legacy Financial Advisors, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-17), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →