Legacy Financial Group

What Legacy Financial Group does

Legacy Financial Group, LLC is an independent, fee-based registered investment advisory firm headquartered in Torrance, California, with a secondary office in Camarillo. Founded in 2002 by Melanie Tanaka, the firm operates as a small (7-person) traditional financial advisory practice delivering comprehensive holistic financial planning services to individuals and families across California, Ohio, Texas, and Washington. Core offerings span eight integrated service areas: financial and retirement planning, portfolio construction and management, risk management and protection planning, education/estate/legacy planning, family governance, tax mitigation, cash flow planning, and ongoing advisory relationships. The firm is women-forward, with a majority of female financial planners and a distinct positioning around women's financial planning challenges.

The firm operates under the Osaic Wealth, Inc. broker-dealer network (FINRA/SIPC member) and relies entirely on third-party technology platforms for client account access and planning — including SEI Investor Portal, Osaic Wealth eQuipt Dashboard, Vision2020 ONEVIEW, Pershing, American Funds, and eMaplan Client Portal. There is no proprietary technology, AI/ML capability, or mobile application; service delivery is relationship-led through in-person and virtual consultations, supported by an active blog, social media channels, and a resource center with 40+ calculators and 200+ glossary terms.

Revenue is generated primarily through investment advisory fees, structured consistent with traditional RIA practices as a percentage of assets under management (AUM) or flat planning fees, with pricing negotiated during client consultations and not publicly disclosed. The go-to-market motion is sales-led and relationship-based, relying on referrals, community engagement, content marketing, and long-term client retention. No external venture capital or private equity funding is indicated; the firm is privately held under the Osaic Wealth umbrella following its merger with the Gerhart Group.

Name

Legacy Financial Group

Legal name

Legacy Financial Group LLC

Website

https://legfingrp.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Legacy Financial Group is an independent, fee-based registered investment advisor in Torrance, CA, founded in 2002, serving individuals and families across CA, OH, TX, and WA with holistic financial planning, retirement, estate, and wealth management services.

Ownership category

akta.pro rank

Product category

Wealth Management and Financial Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE)

akta.pro secondary industries

Estate & Legacy Planning Advisory (FSAEAAAG), Retirement Plan Participant Advice & Managed Accounts (FSAEABAF)

Keywords

• Financial planning services
• Retirement planning
• Wealth management
• Investment advisory
• Estate planning

Headquarters

HQ city

Torrance

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Advisory Fees: Legacy Financial Group, LLC is a registered investment advisor offering securities and investment advisory services through Osaic Wealth, Inc. Revenue is generated through advisory fees, likely structured as a percentage of assets under management (AUM) or flat-rate planning fees, consistent with traditional financial advisory practices.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Legacy Financial Group delivers personalized, holistic financial planning and investment advisory services to individual and family clients. Its core offerings span retirement planning, portfolio construction and management, risk management and protection planning, education/estate/legacy planning, family governance planning, tax mitigation, cash flow planning, and ongoing advisory relationships. Securities and advisory services are offered through Osaic Wealth, Inc., with additional advisory services delivered through Legacy Financial Group LLC.

Product overview

Legacy Financial Group offers a comprehensive suite of financial advisory services delivered through a unified financial planning approach. The core offering consists of eight integrated service areas: Financial Planning, Risk Management/Protection Planning, Portfolio Construction & Management, Education, Estate & Legacy Planning, Family Governance Planning, Tax Mitigation Strategies, Cash Flow Planning & Goal Funding, and Ongoing Relationship services. Supporting these core services are digital tools including a Financial Glossary (200+ terms), Tax Resources Center, and Financial Calculators. The firm uses a team-based approach combining specialized expertise with cutting-edge technology to provide holistic financial planning.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Planning Comprehensive retirement income and lifestyle objective planning that provides advice and investment strategies to help clients achieve post-career goals. Includes Social Security optimization, sustainable withdrawal strategies, inheritance planning, and financial recovery planning for retirees and pre-retirees.
• Risk Management and Protection Planning Risk management and protection planning services covering liability planning and unexpected events, often used alongside or in place of insurance planning, to safeguard clients' financial well-being.
• Portfolio Construction and Management Investment portfolio development and ongoing oversight designed to achieve client goals, with personalized advice incorporating factors beyond risk and return, such as climate change, labor management, and corporate governance considerations.
• Education, Estate and Legacy Planning Oversight and alignment of estate and education planning documentation with long-term goals to protect and preserve substantial assets across the client's lifetime and beyond.
• Family Governance Planning Multi-generation wealth strategies including education, distribution planning, and transition of wealth within family investment structures to support sustained family wealth across generations.
• Tax Mitigation Strategies Individually tailored methods to help manage taxes, build more wealth, and maximize charitable giving through coordinated tax planning across the client's broader financial picture.
• Cash Flow Planning and Goal Funding Modeling and analysis of income, expenses, and strategies to understand the financial impact on long-term financial goals and ensure funding feasibility.
• Ongoing Advisory Relationship Regular meetings to update financial plans, strategies, and solutions as client needs and economic conditions change, ensuring the holistic plan remains aligned with client goals over time.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

One partnership is on record.

• Osaic Wealth, Inc.coreOthersSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Additional advisory services offered through Legacy Financial Group, LLC. Osaic is a major independent broker-dealer and wealth management platform supporting independent advisors.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Creative Planning: Large national RIA offering comprehensive financial planning, investment management, tax, and estate services to individuals and families. Comparable because it delivers the same holistic, fee-based advisory model that Legacy Financial Group practices, but at vastly greater scale across all 50 states.
• Mariner Wealth Advisors: National wealth advisory firm providing comprehensive financial planning, investment management, retirement, estate, and tax planning to high-net-worth individuals and families. Directly comparable service model and target clientele to Legacy Financial Group, but operating at significantly larger scale with multiple specialty practices.
• Edelman Financial Engines: One of the largest independent RIAs in the US, providing financial planning, investment management, and retirement advice to individuals and workplace participants. Comparable holistic service offering and target demographic, though operating at vastly greater scale with proprietary planning technology.
• LPL Financial: Largest independent broker-dealer in the US, supporting independent financial advisors and RIAs with wealth management, brokerage, and advisory infrastructure. Comparable to Osaic Wealth as the platform backbone supporting Legacy Financial Group-type independent advisory practices.

Direct peers

• Buckingham Strategic Wealth: Mid-sized RIA providing comprehensive fee-only financial planning, investment management, and tax services to individuals and families. Highly comparable business model and service stack to Legacy Financial Group; both firms emphasize holistic planning and advisor-led client relationships rather than product sales.
• Modera Wealth Management: Fee-only RIA providing comprehensive financial planning, investment management, and retirement planning to individuals and families. Comparable in size, fee-only structure, and holistic planning approach to Legacy Financial Group, with a similar target market of pre-retirees and multigenerational households.
• Carson Group: RIA and wealth management firm offering holistic financial planning, investment management, and coaching services to individuals and families, with a strong emphasis on advisor development and practice growth. Comparable in mission and target market to Legacy Financial Group.

Others

• Cetera Advisor Networks: Independent broker-dealer and RIA platform supporting independent financial advisors with compliance, technology, and custody infrastructure. Comparable as a platform peer to Osaic Wealth (Legacy's parent platform), serving the same independent RIA practice model.
• Commonwealth Financial Network: Independent broker-dealer and RIA platform serving independent financial advisors across the US. Comparable ecosystem role to Osaic Wealth, supporting advisor practices with similar compliance, custody, and technology infrastructure used by Legacy Financial Group.
• Cambridge Investment Research: Independent broker-dealer supporting thousands of independent financial advisors and RIAs with compliance, technology, and practice management resources. Functionally comparable to Osaic Wealth as a platform supporting independent advisory practices similar to Legacy Financial Group.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/legacy-financial-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Legacy Financial Group