Legacy Wealth Management

What Legacy Wealth Management does

Legacy Wealth Management is a privately held, employee-owned fee-only registered investment advisor founded in 1982 in Memphis, Tennessee, by John Ueleke. The firm delivers comprehensive financial planning and investment management services to high-net-worth pre-retirees and retirees, with a documented niche specialization in FedEx pilots — a segment representing 14% of its clientele and supported by dedicated specialists on the management team. Service modules include retirement planning, estate planning, tax planning, insurance planning, and executive benefits, delivered on a fiduciary basis without commissions or product sales.

The firm holds no proprietary technology and operates on a curated third-party stack: Tamarac powers the secure client portal, while Schwab and Fidelity serve as custodians for client assets. Clients engage through a consultative, relationship-driven model beginning with a complimentary meeting and a customized financial plan; the firm reports a 98% client retention rate over the past five years (excluding sub-$500K accounts, sub-one-year clients, and deceased clients). Approximately 30% of clients reside more than two hours outside Memphis, and the firm serves clients in over 40 U.S. states through a blended in-person and remote delivery model.

Revenue is generated exclusively through AUM-based annual fees of approximately 1% or less, with no commissions, no product sales, and no publicly listed fee schedule. The firm is employee-owned with shareholder status extended to multiple directors, and it has grown organically since 1982 without venture or private equity backing. Demand generation relies on referrals, educational content (including monthly webinars for FedEx pilots), earned media, and consistent third-party recognition across CNBC FA 100, InvestmentNews Best Places to Work, Financial Planning's Best RIAs to Work For, and Smart Asset's Memphis ranking.

Name

Legacy Wealth Management

Legal name

Legacy Wealth Management, LLC

Website

https://legacywealth.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Legacy Wealth Management is an employee-owned, fee-only RIA in Memphis, TN, founded in 1982, serving HNW pre-retirees and retirees across 40+ U.S. states, with a niche specialization in FedEx pilot financial planning.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Financial Planning–Led RIAs (FSAAACAB), Estate & Legacy Planning Advisory (FSAEAAAG), Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF), Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH)

Keywords

• Fee-only wealth management
• Registered investment advisor
• Comprehensive financial planning
• Retirement planning services
• Investment management advisory

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Assets Under Management (AUM) Fees: Legacy Wealth Management operates exclusively as a fee-only registered investment advisor. Each client pays an annual fee based on the amount of assets under management, at a rate of one percent or less. The firm does not receive commissions, sell products, or earn revenue from product recommendations. This model aligns the firm's incentives directly with client portfolio performance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Legacy Wealth Management is a fee-only registered investment advisor (RIA) that delivers comprehensive financial planning and investment management services to individuals and families, with a focus on pre-retirees, retirees, and high-net-worth clients. The firm provides holistic planning across retirement, estate, tax, insurance, charitable, and education domains, alongside specialized advisory services for FedEx pilots navigating unique pension and benefits structures.

Product overview

Legacy Wealth Management operates as a fee-only registered investment advisor offering a unified financial planning and investment management service. The core offering combines Comprehensive Financial Planning with Investment Management, supported by specialized modules for retirement planning, estate planning, tax planning, insurance planning, and executive benefits. The firm also provides specialized services for FedEx pilots covering their unique retirement benefit options (A-plan and PRSP). All services are delivered on a fiduciary basis without commissions or product sales, with clients accessing their accounts through a secure client portal powered by Tamarac. The company serves clients nationwide (approximately 30% outside the Memphis area, in over 40 states) with a 98% client retention rate.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive Financial Planning

Quantifiable outcome

• 98% client retention rate over five years (excluding clients with less than $500,000, clients who have been with them less than a year, and deceased clients)
• +3 more outcomes

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

Integration3 records

Partnerships

Three partnerships are on record, tiered core.

• SchwabcoreOthersLegacy directs clients to maintain investment accounts at Schwab, which serves as a custodian for client portfolios. Legacy uses Schwab's platform for portfolio management and client account access, integrating it into the firm's wealth management workflow. Schwab is described on the Client Resources page as the primary custodian link.
• FidelitycoreOthersLegacy directs clients to maintain investment accounts at Fidelity, which serves as a custodian for client portfolios alongside Schwab. Clients are directed to Fidelity's platform for direct account management, with Legacy handling planning and portfolio construction.
• TamaraccoreTechnology or IntegrationLegacy uses Tamarac's client portal platform for secure client access to account information, statements, and portfolio data. The portal URL (legacywealth.portal.tamaracinc.com) confirms the integration. Tamarac is a financial planning software provider acquired by Envestnet.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Creative Planning: Large, nationally recognized fee-only RIA offering comprehensive financial planning, investment management, tax, and estate services to HNW individuals — directly comparable to Legacy's holistic fiduciary model, but at significantly greater scale and geographic breadth.
• Buckingham Strategic Wealth: Fee-only RIA providing evidence-based financial planning, investment management, and tax services to households and corporate executives — closely aligned with Legacy's fiduciary, planning-led approach and similar mid-market HNW client focus.
• Carson Wealth: Fee-only, planning-driven RIA serving HNW households and corporate executives with retirement, tax, and estate planning — directly comparable in service mix and client persona to Legacy Wealth Management.
• Mariner Wealth Advisors: National fee-based RIA offering comprehensive financial planning, investment management, estate, tax, and retirement services to HNW clients — operates at much larger scale than Legacy but mirrors its holistic fiduciary service model.
• Moneta Group: Fee-only RIA delivering comprehensive financial planning, investment management, tax, and retirement services to HNW individuals — directly comparable business model and client profile to Legacy, with significant scale through an employee-ownership model.
• North Star Resource Group: Fee-only financial advisory firm specializing in retirement and pension planning for complex workforces — directly comparable in its niche expertise around employer-specific retirement benefits, paralleling Legacy's FedEx pilot focus.
• Beacon Pointe Advisors: Fee-only wealth management firm offering comprehensive financial planning, investment advisory, and tax services to HNW households and corporate executives — directly comparable to Legacy's planning-led, fiduciary service model.

Broad incumbents

• Edelman Financial Engines: One of the largest independent RIAs in the US, offering financial planning and investment management to households and corporate employees through employer-sponsored and direct channels — broader scale and reach than Legacy, with overlapping service categories.
• Mercer Advisors: National RIA providing wealth management, tax, estate, and investment services primarily to HNW retirees — broader geographic footprint and corporate structure than Legacy, but overlapping target segment and holistic service offering.
• Fisher Investments: Large, fee-based investment management firm serving HNW individuals and institutional clients — overlaps with Legacy's investment management product line but with a portfolio-management-led (rather than comprehensive planning-led) orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/legacywealth
• LinkedInlinkedin.com/company/legacy-wealth-management-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Wealth Management