Legacy Financial Strategies, LLC (Leawood)

Name: Legacy Financial Strategies, LLC
Address: 11300 Tomahawk Creek Parkway, Leawood, KS, 66211
Telephone: 913-403-0600

Legacy Financial Strategies, LLC is a large advisory firm based in Leawood. It manages $271.34 million of regulatory assets for 1,444 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, Florida, Iowa, and 6 other states.

Legacy Financial Strategies provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Legacy Financial Strategies: assets under management

The assets under management (AUM) of Legacy Financial Strategies, LLC is $271.34 million. The firm's AUM has grown by 264% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.18 million in discretionary accounts and $69.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $148.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $843.4 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Legacy Financial Strategies, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Legacy Financial Strategies serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Legacy Financial Strategies is individuals with 497 clients and $107.95 million of assets under management. Among the 11 most similar advisory firms, Legacy Financial Strategies has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $271.34 million for 620 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Legacy Financial Strategies doesn't advise any private funds.

Careers at Legacy Financial Strategies, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Wayne Lutz	Managing member/chief compliance officer	1 May 2000	75% - 100%	2761160
Anne Jenelle Pleviak	Chief compliance officer	1 Oct 2009	Other	5736231
Michael Wayne Lutz	Chief compliance officer, managing member	1 Feb 2010	Other	2761160
Trustee For The Michael W. Lutz Irrevocable Spendthrift Trust Ronald D. Lutz	Trust	1 Feb 2010	75% - 100%	xxx-xx-xxxx
Gretchen Cathleen Vosburgh	Chief operating officer	1 Oct 2013	Other	2453462
Michael Voorhees Wren	Principal, investment advisor representative	1 Mar 2015	Other	4417398
Nicholas Sean Neukirch	Investment advisor representive	1 Jan 2016	Other	6023095
Nicholas Sean Neukirch	Principal, iar	1 Apr 2016	Other	6023095
Ronald D Lutz	Minority owner; non-employee	1 Dec 2016	Other	6754188
Gretchen Cathleen Vosburgh	Minority owner; non-employee	1 Feb 2018	Other	2453462
Heather N Hardman	Chief compliance officer	1 Feb 2018	Other	6060479
David Patrick Dwyer	Minority owner ; principal	1 Apr 2018	Other	5015116
Jacob Andrew Watts	Minority owner ; principal	1 Apr 2018	Other	5154497
Christopher David Proctor	Chief financial officer / chief investment officer	1 May 2018	Other	2985060

Based in Leawood

The principal office where Legacy Financial Strategies, LLC performs its advisory services is located at 11300 Tomahawk Creek Parkway, Leawood, KS 66211, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-403-0600 or by fax 913-403-0700. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at legacykc.com.