CRS Form

Legacy Wealth Management Group, Inc.

Client Relationship Summary Introduction

Legacy Wealth Management Group, Inc. is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at, which also provides educational materials about broker-dealers, investment advisers, and investing.


Relationships and Services

What investment services and advice can you provide me?


We offer investment advisory services to retail investors, including the below:
• We will offer you investment advice on a regular basis. We will discuss your investment goals, design with you a strategy to achieve your investment goals, and regularly monitor your account. We will contact you (by phone or e”mail) at least annually to discuss your portfolio.
• You can only choose an account that allows us to buy and sell investments in your account without asking you in advance (a “discretionary account”)
• We are held to a fiduciary standard that covers our entire investment advisory relationship with you. For example, we are required to monitor your portfolio, investment strategy, and investments on an ongoing basis.
• We do not have requirements for retail investors to open or maintain an account or establish a relationship.
For additional information, please see our Form ADV, Part 2A brochure, specifically Items 4 and 7 or our Wrap Brochure Items 4.A and 5.


Conversation Starters: Ask us the following questions –

  • Given my financial situation, should I choose an investment advisory service? Why or why Not?
  • How will you choose investments to recommend to me?
  • What is your relevant experience, including your licenses, education, and other qualifications?   What do these qualifications mean?


Fees, Costs, Conflicts, and Standard of Conduct

What fees will I pay?

  • If you open an advisory account, you will pay an on”going asset”based fee billed each quarter for our services, based on the value of the cash and investments in your advisory account. We also provide investment advice for an hourly fee.
    • We offer advisory accounts called wrap fee programs. In a wrap fee program, the asset-based fee will include most transaction costs and fees to a broker-dealer or bank that will hold your assets (called “custody”), and as a result wrap fees are typically higher than non-wrap advisory fees.
    • The more assets you have in the advisory account, including cash, the more you will pay us. We therefore have an incentive to increase the assets in your account in order to increase our fees. You pay our fee quarterly even if you do not buy or sell.
    • If you are not invested in a Wrap program, you may also be charged fees that are separate from our fees and may be charged directly or indirectly to you. These could include transaction fees, or fees to a broker”dealer or bank that holds your assets (called “custody”). Other fees you may pay include, but are not limited to, custodial fees.
    • Some investments (such as mutual funds and variable annuities) impose additional fees that will reduce the value of your investment over time. Also, with certain investments such as variable annuities, you may have to pay fees such as
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    “surrender charges” to sell the investment. • Please make sure you understand what fees and costs you are paying. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. For more information, please see
    Form ADV, Part 2A brochure, Item 5.


Conversation Starters: Ask us the following questions –

  • Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?


What are your legal obligations to me when acting as my investment adviser?

How else does your firm make money and what conflicts of interest do you have?


  • When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
    • We can make extra money by advising you to invest in certain investments, such as Insurance Products, because (a) they are issued, sponsored or managed by us or our affiliates, (b) third parties compensate us when we recommend or sell the investments, or (c) both. Your financial professional also receives more money if you buy these investments.
    For additional information, please see our Form ADV, Part 2A brochure, specifically Items 4 and 10 or our Wrap Brochure Items 4.A and 5.


Conversation Starters: Ask us the following questions –

  • How might your conflicts of interest affect me, and how will you address them?


How do your financial professionals make money?

  • Our financial professionals may be compensated in one or more of the following ways: the amount of client assets that we service, the time and complexity required to meet client's needs, the product sold, product sales commissions or the revenue the firm earns from our advisory services or recommendations.
    • Our interests can conflict with your interests. We must tell you about them in a way you can understand, so that you can decide whether or not you agree to them.


Disciplinary History

Do you or your financial professionals have legal or disciplinary history?

  • Yes, the firm and/or its financial professionals do have a reported disclosure.
  • Visit for a free and simple search tool to research your financial professionals.


Conversation Starters: Ask us the following questions –

  • As a financial professional, do you have any disciplinary history? For what type of conduct?


Additional Information

  • You can call us at (434) 266-1214 to request up-to-date information and request a copy of the relationship summary.


Conversation Starters: Ask us the following questions –

  • Who is my primary contact person? Is he or she a representative of an investment advisor or a broker-dealer?
  • Who can I talk to if I have concerns about how this person is treating me?