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Legacy Financial Advisors Review (2026): Fees and SEC Registration

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Updated September 28, 2026. Quick answer: Legacy Financial Advisors is registered with the SEC as an investment adviser (CRD #309156, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run up to $7,500 a year (the published maximum) under its published fee schedule. Already a client and thinking about leaving? Budget $50 at Schwab. This review covers what its own fee brochure and current SEC registration confirm today; it does not assess fiduciary status or account minimums.

Legacy Financial Advisors at a glance

FactWhat Legacy Financial Advisors’ own pages say
Legal entityLegacy Financial Advisors
RegistrationLegacy Financial Advisors is registered with the SEC as an investment adviser (CRD #309156, confirmed ACTIVE this session via SEC IAPD).
Fee on a $500,000 accountUp to $7,500 a year (the published maximum), per its own current brochure
Minimum to open an accountNot assessed in this review; see Item 5 of its Form ADV Part 2A
Cost to leave (exit fee)$50 at Schwab

What Legacy Financial Advisors’ own fee schedule charges

The brochure names the registered adviser as Legacy Financial Advisors II, LLC, doing business as Legacy Financial Advisors, and IAPD lists the firm as Legacy Financial Advisors with the II, LLC name among its other names. Several similarly named advisers exist, and this is the SEC registered one in Saint Simons Island, Georgia. The priced figure is the maximum advisory fee for individual portfolio management clients.

“The maximum annual advisory fee LFA charges its clients is 1.50%.”

Each balance is priced at the stated 1.50% maximum annual advisory fee applied to the whole managed balance. The brochure discloses no minimum annual dollar fee, so no floor applies. These are ceiling figures, not typical charges, since the actual fee is a blend across models and the brochure says lower fees may be negotiated.

The table below is the firm’s own advisory fee schedule. Fund expenses, custodian charges and any third-party manager or platform fees are generally separate from an advisory fee like this one; Item 5 of the brochure lists what applies to a given account.

Account balanceAnnual fee
$250,000$3,750
$500,000$7,500
$1,000,000$15,000
$2,000,000$30,000

These figures come directly from Legacy Financial Advisors’ own current fee brochure, cited in Sources below.

Registration

Legacy Financial Advisors is registered with the SEC as an investment adviser (CRD #309156, confirmed ACTIVE this session via SEC IAPD).

This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity).

What it costs to leave

Legacy Financial Advisors’s Form ADV Part 2A states “Thereafter, the client may terminate advisory services upon written notice delivered to and received by LFA.” Legacy Financial Advisors names exactly one custodian in its brochure: Charles Schwab & Co., Inc.. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets”

The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.

Other advisor-firm reviews

Read our review, this one too, and one more.

What we would compare it against

Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.

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Sources

Methodology. This page was built September 28, 2026, drawing directly on Legacy Financial Advisors’ own current fee brochure, cited in Sources below, and a fresh SEC IAPD registration check run the same day. Where exit-fee facts are cited, they trace to the named custodian’s own published schedule. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Legacy Financial Advisors’ own Form ADV Part 2A and Form CRS. We have not used Legacy Financial Advisors as a client. Legacy Financial Advisors did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.