Legacy Investment Services, LLC

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Client assets under management

$44,181,215

Clients

277

0% high-net-worth

Advisors

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

High

Average account size

$159,499

About

Legacy Investment Services provides advisory services to individual clients with an emphasis on managing assets held inside variable annuity and variable life contracts. The firm delivers non‑discretionary direct asset management for annuity and life subaccounts and also places clients with third‑party money managers; its reported assets under management are held entirely in non‑discretionary arrangements (approximately $44.18 million as of March 20, 2026), and it uses asset‑based advisory fees.

The firm generally operates in a non‑discretionary capacity, working with clients to assemble portfolios from the investment options available through their insurance contracts, monitoring accounts at least annually, and obtaining client approval before executing transactions. Legacy also acts as a liaison to third‑party managers (including Morningstar’s Managed Portfolios and other TPMs), assisting with onboarding, suitability, periodic reviews, and delivery of disclosures and performance reporting.

What distinguishes Legacy from many peers is the concentration of client assets in annuity and life products and the firm’s active affiliation with the insurance distribution channel: principals maintain insurance practices and an affiliated insurance entity may receive carrier marketing reimbursements related to fee‑based annuities. The brochure also discloses referral and fee‑sharing arrangements (including an incentive program tied to AUM thresholds) with recommended money managers and minority ownership links between the firm’s parent and one recommended manager, which the firm identifies as a potential conflict of interest.

Client services

Portfolio management Selection of other advisers

Expertise

Annuities Retirement income strategy General estate planning guidance

Fee options

Fixed

Client Directed Accounts under Gradient Investments charge a flat $300 fee.

Percentage

$0 - $500,000: 1.50% max annual fee for LIS's direct asset management of annuities and life management $0+: Third-party money managers fees vary per manager and strategy as disclosed $0+: Gradient Investments Fees vary by portfolio strategy with flat rates, examples include 1.00% to 1.50% max LIS fee plus Gradient fees (ranging from 0.25% to 0.65%), portfolios such as: - Custom Indexing – Strategic: total max fee 2.15%; LIS max 1.5% - Strategic: total max fee 2.00%; LIS max 1.5% - Preservation: total max 1.00%; LIS max 0.6% - Private Wealth: total max 1.50%; LIS max 1.0% Client Directed Accounts: $300 flat fee All Gradient fees are flat rates per portfolio; no tiered fee schedule within portfolios. $0 - $500,000: Morningstar Managed Portfolios fee tiers (total fee and LIS max fee): - First $500K: Total fee 1.10%-1.65% depending on strategy; LIS max 1.10%-1.65% - Next $500K: 1.05%-1.60% total; LIS max 1.05%-1.10% - Next $1MM: 1.00%-1.55% total; LIS max 1.00%-1.10% - Over $2MM: 0.90%-1.50% total; LIS max 0.90%-1.10% Tiered rates vary by type of portfolio (Mutual Fund, Morningstar Trust, Active/Passive, ETF, Select Equity). Morningstar fees are tiered and include a quarterly in arrears fee based on assets under management.

Commissions

Commission-based compensation exists via affiliated insurance agency activities; investment advisor representatives are also insurance agents and receive commissions from insurance products sold.

Other

Account minimum: $250,000 household minimum

Main office location

Legacy Investment Services, LLC

8667 Haven Ave, Suite 200

Rancho Cucamonga CA 91730, United States

Number of offices

Most active in

Arizona · California · Idaho · Louisiana · Nevada · Tennessee · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

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

Is not active or affiliated with:

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

LinkedIn Website 909-948-0700

Advisors at this firm

Mark B

Series 63, Series 65

Rancho Cucamonga, CA

Legacy Investment Services, LLC

Mark Basile is a financial advisor with Legacy Investment Services, LLC in Rancho Cucamonga, CA, holding Series 63 and Series 65 licenses and having nine years of industry experience. His prior roles include positions at WinGroup Financial, LLC and operating as a sole proprietor. He is also an instructor at Pasadena City College. Legacy Investment Services primarily advises individual clients on variable annuity and variable life products, coordinating referrals to third-party money managers. The firm operates largely on a non-discretionary basis, focusing on investment selection within insurance contracts and providing financial planning reviews aligned with client goals and risk tolerances.

Annuities Retirement income strategy General estate planning guidance

Mark S

Series 63, Series 65

Rancho Cucamonga, CA

Legacy Investment Services, LLC

Mark Sharifi is a financial advisor with Legacy Investment Services, LLC, holding Series 63 and Series 65 licenses and over 21 years of industry experience. He has worked at Legacy Investment Services since 2007 and previously was involved with Gradient Securities, LLC. Outside of advisory work, he serves as president of a nonprofit organization, JJ Non-Profit. Legacy Investment Services provides investment advice primarily to individual clients, focusing on variable annuity and variable life product management and coordinating referrals to third-party money managers. The firm operates largely on a non-discretionary basis and emphasizes investment analysis guided by client-specific risk tolerances and Investment Policy Statements.

Annuities Retirement income strategy General estate planning guidance

Rahmatullah T

Series 63, Series 65

Rancho Cucamonga, CA

Legacy Investment Services, LLC

Rahmatullah Tameez is a financial advisor with Legacy Investment Services, LLC, holding Series 63 and Series 65 credentials and over 11 years of industry experience. He has been associated with Legacy Investment Services since 2014 and has held teaching positions at Fullerton College and California State University San Bernardino. Outside of his advisory role, he serves as an insurance agent at Legacy Financial & Insurance Services. Legacy Investment Services primarily advises individual clients on variable annuity and variable life products, coordinating referrals to third-party money managers. The firm focuses on non-discretionary account management, financial planning reviews, and utilizes fundamental, technical, and cyclical investment analysis methods.

Annuities Retirement income strategy General estate planning guidance

Tanya T

Series 65

Rancho Cucamonga, CA

Legacy Investment Services, LLC

Tanya Tong is a financial advisor with Legacy Investment Services, LLC, holding a Series 65 designation and two years of industry experience. Her work history includes roles at Legacy Financial and Insurance Services LLC and Dewey, McDonald & Carillo Inc. Outside of advisory work, she is involved in insurance sales and services through Legacy Financial and Insurance Services LLC. Legacy Investment Services primarily advises individual clients on variable annuity and variable life products, coordinating referrals to third-party money managers. The firm focuses on non-discretionary investment management and financial planning, using a combination of fundamental, technical, and cyclical analysis to guide recommendations.

Annuities Retirement income strategy General estate planning guidance

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