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A. The Legacy Financial Group, Inc.
The Legacy Financial Group, Inc. (“Legacy Financial” and/or “the firm”) is an Oklahoma
corporation. The firm was formed in 2005 as the successor to a firm previously formed in 2000.
Legacy Financial is principally owned by Kevin K. King.
B. Advisory Services Offered
Legacy Financial’s clients hire us to build broadly diversified global portfolios and to provide
financial planning services to help them reach their goals.
B.1. Portfolio Management Services
For its discretionary portfolio management services, Legacy Financial receives a limited power of
attorney to effect securities transactions on behalf of its clients that include securities and
strategies described in Item 8 of this brochure. Legacy Financial’s portfolio management services
are predicated on the client's investment objectives, goals, tolerance for risk, and other personal
and financial circumstances. Legacy Financial will analyze each client's current investments,
investment objectives, goals, age, time horizon, financial circumstances, investment experience,
investment restrictions and limitations, and risk tolerance and implement a portfolio consistent
with such investment objectives, goals, risk tolerance and related financial circumstances Legacy
Financial’s objective is to review the client’s tax, financial, and estate planning objectives and
goals in connection with the client’s investment objectives, goals, tolerance for risk, and other
personal and financial circumstances and make appropriate recommendations and
implementation decisions. Legacy Financial may refer third-party service providers to assist with
the tax and estate planning portion of the services provided to clients. In addition, Legacy
Financial may utilize third-party software to analyze individual security holdings and separate
account managers utilized within the client’s portfolio.
Legacy Financial’s portfolio management services to clients take into account a client's personal
financial circumstances, investment objectives and tolerance for risk (e.g., cash-flow, tax and
estate). Legacy Financial’s engagement with a client will include, as appropriate, the following:
▪ Providing assistance in reviewing the client's current investment portfolio against the
client's personal and financial circumstances as disclosed to Legacy Financial in response
to a questionnaire and/or in discussions with the client and reviewed in meetings with
Legacy Financial.
▪ Analyzing the client's financial circumstances, investment holdings and strategy, and
goals.
▪ Providing assistance in identifying a targeted asset allocation and portfolio design.
▪ Implementing and/or recommending individual equity and fixed income securities,
mutual funds and ETFs.
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▪ Proposing changes in the client's investment portfolio in consideration of changes in the
client's personal circumstances, investment objectives and tolerance for risk, the
performance record of any of the client's investments,
and/or the performance of any
fund retained by the client.
In addition to providing Legacy Financial with information regarding their personal financial
circumstances, investment objectives and tolerance for risk, clients have the right to provide the
firm with any reasonable investment restrictions that should be imposed on the management of
their portfolio, and to promptly notify the firm in writing of any changes in such restrictions or in
the client's personal financial circumstances, investment objectives, goals and tolerance for risk.
Legacy Financial will remind clients of their obligation to inform the firm of any such changes or
any restrictions that should be imposed on the management of the client’s account. Legacy
Financial will also contact clients at least annually to determine whether there have been any
changes in a client's personal financial circumstances, investment objectives and tolerance for
risk.
B.2. Pension Consulting Services
Legacy Financial provides non-discretionary retirement plan services. Legacy Financial will to
work with plans to monitor plan investments, provide fiduciary plan advice including regular
considerations of the goals and objectives of the plan, and provide participant education
services to the plan.
B.3. Financial Planning Services
Legacy Financial’s clients hire us to build broadly diversified global portfolios and to provide
financial planning services to help them reach their goals. Legacy Financial is a financial services
company that assists its clients in reaching their goals by offering integrated planning that
includes services such as investment, retirement, tax, estate, and risk management. The scope of
such services will be based upon mutual consent of the firm and the client prior to the
engagement. Legacy Financial will make referrals to applicable insurance specialists, tax
accountants, and estate planning lawyers as necessary to assist clients.
Based on the client’s needs, Legacy Financial will provide one or more of the following services:
▪ Customized financial plan
▪ Investment planning
▪ Retirement and cash flow planning
▪ Income tax planning
▪ Estate planning and wealth transfer
▪ Company benefits planning
▪ Education planning
▪ Risk management
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C. Client-Tailored Services and Client-Imposed Restrictions
Each client’s account will be managed on the basis of the client’s financial situation and
investment objectives and in accordance with any reasonable restrictions imposed by the client
on the management of the account—for example, restricting the type or amount of security to
be purchased in the portfolio.
D. Wrap Fee Programs
Legacy Financial does not participate in wrap fee programs. (Wrap fee programs offer services
for one all-inclusive fee.)
E. Client Assets Under Management
As of December 31, 2022, Legacy Financial managed $335,700,000 on a discretionary basis and
$0 million on a non-discretionary basis.
Item 5: Fees and Compensation