Wealth manager, wrap-program sponsor · Woodbury, MN
Legacy Wealth
Legacy Wealth Asset Management, LLC · SEC-registered investment adviser · CRD 306732 · SEC 801-118042
At a glance
Legacy Wealth is an SEC-registered investment adviser based in Woodbury, Minnesota, with $546 million in regulatory assets under management as of its Form ADV filed March 13, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 493 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 2,702nd of 8,915 wealth managers and 7,473rd of 17,210 SEC-registered advisers by assets.
Main office 651-621-2383legacywealthwisdom.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $546M
- Rank among wealth managers
- #2,702 of 8,915
- Rank among all SEC RIAs
- #7,473 of 17,210
- Rank in Minnesota
- #136 of 276
- Individual clients
- 493
- High-net-worth clients
- 146
- Accounts
- 1,629
- Discretionary
- 94% of AUM
- Employees
- 14
- Advisory staff
- 4
- Offices
- 1
Owners and executives on its Form ADV
- Michael D. BrockerCEO & Managing Member
- Benjamin M. BrockerCFO & Managing Member
- Johnathan M. BrockerChief Compliance Officer & CIO
Custody and brokerage
Broker-dealer
Hybrid RIA
Legacy Wealth is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV.
Its Form ADV brochure (filed March 2026) names M Holdings Securities and M Financial as the broker-dealer its advisers are registered with.
Commissionable Securities Sales Representatives of our firm are registered representatives of M Holdings Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 146 | $452M | 83% |
| Individuals | 347 | $94M | 17% |
Disciplinary disclosures
Legacy Wealth 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
- Pension consulting
- 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 ↗legacywealthwisdom.com ↗
AtlasMembers
The full record on Legacy Wealth
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 5 years of filings
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- Growth over one, three and five years
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- Rank against 5,209 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Legacy Wealth manage?
Legacy Wealth reports $546 million in regulatory assets under management across 1,629 accounts, 94% of it on a discretionary basis, on its Form ADV filed March 13, 2026.
What kind of firm is Legacy Wealth?
Legacy Wealth is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Legacy Wealth’s clients?
By assets, its largest client types are high-net-worth individuals ($452 million, 146 clients); individuals ($94 million, 347 clients).
Does Legacy Wealth have any disciplinary history?
Legacy Wealth reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Legacy Wealth’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 (2026-03-13), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →