Legacy Financial Advisors Corporation

Legacy Financial Advisors Corporation, established in 1996, is a wealth-management firm based in Bloomington, MN, specializing in retirement, investment, and estate planning. The firm, led by Tom Menzel and Laura Biermann, offers tailored solutions to address individual financial goals with a focus on clear communication, reliable service, and integrity. Services include wealth/portfolio management, private money manager selection, and financial/estate/retirement planning. Legacy charges a negotiable wealth management fee ranging from 0.70% to 1.25% of assets under management, billed quarterly. The firm does not charge performance-based fees and primarily serves individuals, family trusts, and charitable institutions. Investment strategies involve strategic asset allocation, utilizing fundamental analysis and various investment vehicles. Legacy exercises discretionary authority over client accounts, trading in stocks, bonds, mutual funds, and government securities. The firm maintains a fiduciary duty, acting in the best interests of clients, and does not compensate for client referrals. Legacy also provides guidance on proxy voting policies and procedures, ensuring votes align with clients' best interests. The firm has no financial constraints affecting its ability to meet client commitments and does not require prepayment exceeding $1,200.