Baton Rouge, LA Office

Legacy Wealth Concepts (doing business as Benedict Wealth Management, LLC) provides portfolio management, financial planning and related wealth services to individual investors as well as trusts, charitable institutions, foundations and other entities. The firm also operates in brokerage and insurance capacities: its advisors are registered with a broker-dealer and maintain insurance appointments, so clients may receive both fee-based advisory recommendations and commissionable insurance or securities products.

The firm manages about $64.8 million with a two-advisor team and conducts most advisory relationships on a non-discretionary basis, delivering recommendations that clients implement themselves and reviewing accounts at least annually and typically quarterly. Investment work is customized around client goals and risk tolerance, often documented in formal investment policy statements for larger accounts, and commonly utilizes unit investment trusts alongside access to third‑party managers (AssetMark, Orion, SEI) as appropriate.

What is distinctive is the combination of an RIA practice with an affiliated broker‑dealer relationship and active insurance licensing, which means the firm regularly operates in both fiduciary advisory and commissionable distribution roles. The firm also offers ancillary services — including tax return preparation and occasional retainer-based ongoing planning — a service mix that is less common among similarly sized supported firms.