Legacy Financial Advisors

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Client assets under management

$10,099,982

Clients

33% high-net-worth

Advisors

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Very Low

Average account size

$480,952

About

Legacy Financial Advisors provides financial planning, discretionary and non-discretionary investment management, retirement plan advisory, and business consulting to individuals, families, trusts, retirement plan sponsors, and business entities. The brochure describes comprehensive and modular financial plans, implementation support for investment recommendations, ERISA-focused services for plan sponsors, and separate consulting agreements for business engagements.

The firm describes a disciplined, goals-based investment process using strategic asset allocation, diversification, periodic rebalancing, and methods such as fundamental analysis, Modern Portfolio Theory and sector rotation, with monthly internal portfolio evaluations and at least annual client reviews. Legacy offers both discretionary and non-discretionary arrangements, may utilize independent managers, and provides an account-aggregation technology platform to consolidate client financial information.

Noteworthy aspects include a small two-advisor team with a limited client base and a recent expansion to include Retirement Plan Advisory Services, which the ADV lists as a material change; the initial filing also reported zero regulatory AUM, reflecting the firm’s recent formation. Compared with many supported peers that primarily serve broad retail or high‑net‑worth individual households, Legacy places evident emphasis on retirement plan fiduciary work and business consulting and discloses a custodial relationship with a major custodian that provides research and technology benefits.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

General retirement planning College savings (529s, UTMA, etc.) Life insurance needs analysis Long-term care insurance Business ownership considerations

Occupation focus

Founder/Business Owner Executive

Fee options

Fixed

Retirement plan advisory flat fee usually $1,000 per year (may vary by plan size and complexity)

Percentage

$0 - $250,000: 1.50% $250,001 - $500,000: 1.25% $500,001 - $1,000,000: 1.00% $1,000,001 - $2,500,000: 0.95% $2,500,001 - $5,000,000: 0.75% $5,000,001 - $10,000,000: 0.60% $10,000,001 - > $10,000,000: 0.40%

Project-based

Financial planning: $250/hour (minimum 1 hour, negotiable); Business consulting: $250/hour (minimum 1 hour, negotiable)

Other

Account minimum: $100,000 (generally, but may be waived) Fee-only: Financial planning: $250/hour (minimum 1 hour, negotiable); Business consulting: $250/hour (minimum 1 hour, negotiable)

Main office location

Legacy Financial Advisors

100 West Road, Suite 300

Towson MD 21204, United States

Number of offices

Most active in

Maryland

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Website (410) 280-7202

Advisors at this firm

Raffaele M

Series 66

Towson, MD

Legacy Financial Advisors

Raffaele Mazzone is a financial advisor at Legacy Financial Advisors with a Series 66 designation and four years of industry experience. His prior roles include positions at Founders Financial Securities LLC, Triad Advisors, and The Prosperity Consulting Group. Outside of his advisory work, he coaches with the Pipeline Soccer Club. Legacy Financial Advisors serves individuals, families, trusts, retirement plan sponsors, and business entities with financial planning, investment management, retirement plan advisory, and business consulting. The firm employs a disciplined, goals-based investment process incorporating strategic asset allocation, diversification, and periodic rebalancing, offering both discretionary and non-discretionary services.

General retirement planning College savings (529s, UTMA, etc.) Life insurance needs analysis Long-term care insurance Business ownership considerations Founder/Business Owner Executive

Nicholas C

Series 63, Series 65

Towson, MD

Legacy Financial Advisors

Nicholas Cosgrove is a financial advisor at Legacy Financial Advisors in Towson, MD, holding Series 63 and Series 65 licenses with one year of industry experience. His prior roles include positions at W&S Brokerage Services, Western & Southern Life, and Maryland Community Solar. Legacy Financial Advisors provides financial planning, investment management, retirement plan advisory, and business consulting services to individuals, families, trusts, plan sponsors, and business entities. The firm employs a disciplined, goals-based investment process with strategic asset allocation and periodic reviews, serving a limited client base with a focus on retirement plan fiduciary work and business consulting.

General retirement planning College savings (529s, UTMA, etc.) Life insurance needs analysis Long-term care insurance Business ownership considerations Founder/Business Owner Executive

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