Newport Beach, CA Office
TeamData sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Legacy Wealth Management, LLC
Multi-team
Firm-wide stats for Legacy Wealth Management, LLC
About
Legacy Wealth Management serves individual clients (both non‑high‑net‑worth and high‑net‑worth), as well as charitable organizations and business entities, offering discretionary and non‑discretionary portfolio management, financial planning and consulting, selection of third‑party money managers, and related services including annuity and insurance solutions through affiliated partners. The firm provides ongoing investment advice and implements model portfolios or customized strategies based on clients’ objectives and risk tolerances.
Legacy tailors portfolios using in‑house model allocations, sub‑advisers (including an affiliated third‑party manager), and a broad investment menu that includes alternatives, non‑traded and illiquid direct participation programs; the firm discloses that alternative investments may represent a meaningful portion of some client portfolios and that it relies on sponsor valuations for illiquid holdings. It also permits negotiated performance‑based fee arrangements for clients who meet the firm’s definition of a “qualified client,” a practice the brochure highlights as infrequent among comparable multi‑team advisers.
Notable distinctions include an extensive network of affiliated entities (insurance and accounting affiliates, an affiliated money manager, and other related businesses), disclosed economic relationships with named sponsors (for example, Tradebacked, Simplify, and U.S. Energy), and control‑person interests in several private entities (including Streamex, International Land Alliance, Sentinel, and Lucent), all of which the firm identifies as potential conflicts and describes in its disclosures. The brochure also notes a recent, material increase in assets under management and a pending FINRA arbitration and related civil action naming the firm that it states it intends to defend.
Based on Legacy Wealth Management, LLC
Expertise
Based on Legacy Wealth Management, LLC
Location
4695 Mac Arthur Ct. Fl. 11
Newport Beach CA 92660
Advisors at this office
3
Advisors at this office
Babak K
ChFC®, Series 65
Newport Beach, CA
Legacy Wealth Management, LLC
Babak Kooros is a financial advisor at Legacy Wealth Management, LLC in Newport Beach, CA, holding a Series 65 designation with three years of industry experience. His prior roles include positions at Foundations Investment Advisors, Syncis, and Uber. Outside of his advisory work, he is the CEO and owner of InTime Financial Alliance Insurance Solutions, Inc. and is also active as a realtor. Legacy Wealth Management is a multi-advisor firm serving individuals, charitable organizations, and business entities with discretionary portfolio management and financial planning. The firm utilizes tailored strategies, model portfolios, and third-party money managers, offering a broad range of investment options across its multi-team platform.
Nancy Z
Newport Beach, CA
Legacy Wealth Management, LLC
Nancy Zheng is a financial advisor with Legacy Wealth Management, LLC in Newport Beach, CA. She holds 1 year of industry experience and has previously worked at Eternity Financial Alliance Solutions Inc. and World Financial Group. Zheng has operated a sole proprietorship under her own name since 2000. Legacy Wealth Management is a multi-advisor firm serving individuals, charitable organizations, and business entities. The firm provides discretionary and non-discretionary portfolio management, financial consulting, and third-party money manager selection, emphasizing tailored strategies and continuous account monitoring.
Edward M
Series 65
Newport Beach, CA
Legacy Wealth Management, LLC
Edward Malekan is a financial advisor at Legacy Wealth Management, LLC with two years of industry experience. He holds a Series 65 designation and previously worked at 20/20 Capital Management, Inc. and Eternity Financial Alliance, Inc. In addition to his advisory role, he is an insurance agent at EF Agency. Legacy Wealth Management is a multi-advisor firm serving individuals, charitable organizations, and business entities with discretionary portfolio management and financial planning. The firm offers tailored investment strategies, access to a broad range of asset classes, and utilizes affiliated service entities and outside business activities as part of its comprehensive client service platform.
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