Legacy Consulting Group

What Legacy Consulting Group does

Legacy Consulting Group is a fee-based, SEC-registered investment advisory firm headquartered in Plano, Texas, founded in 1997 by Roger A. Shake and Steven G. Wachs. The firm operates as Legacy CG, LLC and provides wealth management and Financial Life Planning services to high-net-worth individuals, families, business owners, and institutions, primarily across Texas and the broader Dallas-Fort Worth region. Its core product is Financial Life Planning, a structured six-stage process (Get Acquainted, Discovery, Life Mapping, Investment Dialogue, Plan Presentation, and What's Next) that integrates investment management with life transition planning around events such as divorce, business sales, retirement, and loss of a spouse. Supporting modules include cash flow planning, tax planning, risk management, healthcare planning, and estate and wealth transfer services, organized around a catalog of 73 service areas.

The firm's go-to-market is consultative and direct, beginning with a complimentary one-hour introductory session and progressing through deep discovery engagements; all advisory work is delivered in-person or virtually from the Plano office by a 7-person team whose advisors hold CFP, CFA, CeFT, and RLP designations. Technology stack includes financial planning software, independent research tools, and an open-architecture investment platform without proprietary product constraints; the firm has adopted Jump AI as a virtual meeting notetaker to automate client meeting summaries within a closed internal system. Revenue is generated through fee-based, recurring advisory fees on assets under management, supplemented by financial life planning fees, with average client AUM exceeding $1 million and a stated 95% client retention rate. Securities transactions are executed through an operational partnership with Perryman Securities, Inc., a FINRA-registered broker-dealer.

Name

Legacy Consulting Group

Legal name

Legacy CG, LLC

Website

https://legacyconsultinggroup.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Legacy Consulting Group is a fee-based, SEC-registered wealth management firm in Plano, Texas, founded in 1997. It provides Financial Life Planning and investment management to high-net-worth individuals, families, and business owners in life transitions across the Dallas-Fort Worth region.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Estate & Legacy Planning Advisory (FSAEAAAG)

akta.pro secondary industry

Family Business & Succession Advisory (FSAAADAL)

Keywords

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

Headquarters

HQ city

Plano

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, Infrastructure

Revenue model

1. Investment Advisory Services: Fee-based wealth management services where the firm acts as a fiduciary registered investment advisor. Revenue is generated through advisory fees for financial planning and investment management services.
2. Financial Life Planning: Comprehensive planning services covering life transitions, cash flow planning, investment management, retirement planning, tax planning, risk management, healthcare planning, and estate planning.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Legacy Consulting Group is a fee-based wealth management and financial life planning firm that delivers personalized investment management, life transition planning, and comprehensive financial planning services. Engagements begin with a complimentary introductory session, followed by a multi-stage discovery and planning process delivered by CFP and CFA credentialed advisors. The firm serves high-net-worth individuals, families, business owners, and institutions, generating revenue through recurring advisory fees rather than commissions.

Product overview

Legacy Consulting Group is a fee-based wealth management firm offering Financial Life Planning as its primary service, supplemented by Investment Management and specialized Life Transition Planning. The firm operates through a structured six-stage Financial Life Planning Process (Get Acquainted, Discovery, Life Mapping, Investment Dialogue, Plan Presentation, and What's Next), followed by ongoing collaboration. The core offerings are complemented by specialized modules including Cash Flow Planning, Tax Planning, Risk Management, Healthcare Planning, and Estate Planning and Wealth Transfer. All services are delivered through human advisors; the firm has begun incorporating AI tools (Jump AI for meeting note-taking) to enhance operational efficiency while maintaining a human-centered approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Life Planning A holistic financial planning service that broadens the conversation from asset management to life management, helping clients align their money and financial decisions with what matters most through values clarification, life goal identification, and transition planning. Designed for high-net-worth individuals, families, and business owners.
• Investment Management Customized investment portfolio management for clients, including personalized asset allocation, portfolio analysis, individual portfolio reviews, contribution and distribution planning, non-standard investments, separately managed stock portfolios, and ESG considerations. Provided as a fiduciary registered investment advisory service to individuals, families, business owners, and institutions.
• Life Transition Planning Specialized planning service for major life events including divorce, inheritance or windfall, loss of a loved one, retirement, and sale of a business, addressing both the technical and personal sides of financial wellness. Targeted at individuals and families navigating significant life changes.

Quantifiable outcome

• 95% client retention rate over two years

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Creative Planning: Creative Planning is a much larger fee-only RIA serving HNW clients with comprehensive financial planning and investment management, serving as a broad incumbent comparable in service mix though operating at significantly greater scale.
• Edelman Financial Services: Edelman Financial is a large fee-only RIA offering financial planning and investment management to HNW clients, broadly comparable in fiduciary model and comprehensive planning focus.
• Mercer Advisors: Mercer Advisors is a national RIA providing comprehensive wealth management, financial planning, and estate services to HNW households, comparable in service breadth though operating at much greater scale.
• Hightower Advisors: Hightower is an RIA platform supporting independent advisory firms serving HNW clients, comparable as a potential roll-up acquirer or strategic competitor in the wealth management space.
• Focus Financial Partners: Focus Financial is a partnership model for independent RIAs serving HNW clients with comprehensive planning and investment management; it represents a roll-up platform of which Legacy could be a potential acquisition target.

Direct peers

• Moneta Group: Moneta is an independent fee-only RIA serving HNW individuals with comprehensive financial life planning, similar in fiduciary model and integrated wealth advisory offerings, though operating at much larger scale.
• Modera Wealth Management: Modera is a fee-only RIA serving HNW individuals and families with comprehensive financial planning and investment management, directly comparable to Legacy in client profile, fee model, and planning depth.
• Truepoint Wealth Counsel: Truepoint is a fee-only RIA offering holistic financial planning and investment management to HNW families, with a similar comprehensive life-planning positioning and team-based advisory structure.
• Capstone Financial Advisors: Capstone is a Texas-based (Fort Worth) fee-only RIA providing financial planning, investment management, and transition advisory to HNW clients, making it a directly comparable peer in both geography and service model.
• Ronald Blue & Co. Ronald Blue & Co. is a fee-only RIA providing financial planning and investment management to HNW individuals and families, comparable in fee-only model and integrated planning approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100069684624800
• LinkedInlinkedin.com/company/legacy-consulting-group-tx

Compliance1 record

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 Consulting Group