DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Legacy Wealth Management, LLC
Latest filing Jul 15, 2026
First filing on the tape Jun 24, 2019 · 16 filings
SEC status approved since Jul 26, 2019
RAUM
$459M
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
98%
$447M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$115M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$459M as of Jul 15, 2026
Mar 27, 2020$215M then
HNW client RAUM$431M as of Jul 15, 2026
Mar 27, 2020$208M then
State-registered IARs (5.B.3)4 as of Jul 15, 2026
Mar 27, 20200 then
Employees (5.A)4 as of Jul 15, 2026
Mar 27, 20202 then
Private funds: no history
RAUM +8.9% over the last fiscal year+19% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Jul 15, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $115MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 24derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $10.8MderivedHNW RAUM over HNW clients
- Average account
- $2.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 86%derivedof RAUM
- Institutional
- 2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.4%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$431M94%
- Individuals$16.3M3.6%
- Charitable organizations$11.3M2.5%
- Individual clients
- 56reported
- HNW clients
- 40reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 193reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Forbes Lewis Watson | Ridgeland, Ms | Aug 5, 2019 | 25 y | 2 |
| Maggie Traxler Hartness | Ridgeland, Ms | Feb 10, 2023 | 13 y | 0 |
| Reid Mathis WatsonCertified Financial Planner | Ridgeland, Ms | Jan 2, 2024 | 11 y | 0 |
| Wilfred W Henderson | Ridgeland, Ms | Aug 13, 2024 | 30 y | 3 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Wilfred W Henderson from UBS Financial Services Inc.Aug 13, 2024 · Wirehouse to independent RIA
- Forbes Lewis Watson from Bankplus Wealth AdvisorsAug 5, 2019 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lewis Forbes Watson · Chief Executive Officer And Chief Compliance Officercontrolsince 08/2019 · owns less than 5%
Entity owners
- Professional And Financial Services, LLC · Sole Memberdirect · owns 75% or more
- Charles Ross Bell Jr Spousal Support Trust, Uad 12/31/2012 · Trustindirect · owns 75% or more of Professional And Financial Services, LLC
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Ridgeland, Ms · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Jul 15, 2026HNW RAUM per HNW client of $10,775,736 against a peer median of $2,404,040 (4940 comparable advisers, 100.0th percentile, 5.6 robust deviations)peers: independent wealth managers, $100M to $500M (4,940) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 69 to 193Feb 21, 2026 to Jul 15, 2026
- Charity clients · unset to 1.0Feb 21, 2026 to Jul 15, 2026
- Individual clients · 28 to 56Feb 21, 2026 to Jul 15, 2026
- Discretionary RAUM · $395M to $394MFeb 21, 2026 to Jul 15, 2026
- HNW RAUM · $436M to $431MFeb 21, 2026 to Jul 15, 2026
- Individual RAUM · $7.6M to $16.3MFeb 21, 2026 to Jul 15, 2026
- Non-discretionary RAUM · $59.7M to $64.5MFeb 21, 2026 to Jul 15, 2026
- RAUM · $455M to $459MFeb 21, 2026 to Jul 15, 2026
- Accounts · 192 to 69Oct 17, 2025 to Feb 21, 2026
- HNW clients · 33 to 40Oct 17, 2025 to Feb 21, 2026
- Individual clients · 36 to 28Oct 17, 2025 to Feb 21, 2026
- Financial planning clients · 0 to 1-10Oct 17, 2025 to Feb 21, 2026
- State-registered IARs · 3 to 4Oct 17, 2025 to Feb 21, 2026
- Discretionary RAUM · $361M to $395MOct 17, 2025 to Feb 21, 2026
- HNW RAUM · $391M to $436MOct 17, 2025 to Feb 21, 2026
- Individual RAUM · $19.5M to $7.6MOct 17, 2025 to Feb 21, 2026
- RAUM · $421M to $455MOct 17, 2025 to Feb 21, 2026
- Financial planning clients · 0 to 0Feb 27, 2025 to Oct 17, 2025
- Accounts · 55 to 192Aug 20, 2024 to Feb 27, 2025
- Advisory employees · 1 to 3Aug 20, 2024 to Feb 27, 2025
- Individual clients · 21 to 36Aug 20, 2024 to Feb 27, 2025
- Employees · 3 to 4Aug 20, 2024 to Feb 27, 2025
- State-registered IARs · 2 to 3Aug 20, 2024 to Feb 27, 2025
- Discretionary RAUM · $305M to $361MAug 20, 2024 to Feb 27, 2025
- HNW RAUM · $287M to $391MAug 20, 2024 to Feb 27, 2025
- Individual RAUM · $8.2M to $19.5MAug 20, 2024 to Feb 27, 2025
- Non-discretionary RAUM · $0 to $59.7MAug 20, 2024 to Feb 27, 2025
- RAUM · $305M to $421MAug 20, 2024 to Feb 27, 2025
- Accounts · 50 to 55Feb 10, 2023 to Jan 30, 2024
- Advisory employees · 2 to 1Feb 10, 2023 to Jan 30, 2024
- Individual clients · 16 to 21Feb 10, 2023 to Jan 30, 2024
- Discretionary RAUM · $273M to $305MFeb 10, 2023 to Jan 30, 2024
- HNW RAUM · $259M to $287MFeb 10, 2023 to Jan 30, 2024
- Individual RAUM · $5.3M to $8.2MFeb 10, 2023 to Jan 30, 2024
- RAUM · $273M to $305MFeb 10, 2023 to Jan 30, 2024
- Accounts · 136 to 50Jan 27, 2022 to Feb 10, 2023
- Advisory employees · 1 to 2Jan 27, 2022 to Feb 10, 2023
- HNW clients · 29 to 33Jan 27, 2022 to Feb 10, 2023
- Individual clients · 28 to 16Jan 27, 2022 to Feb 10, 2023
- Employees · 1 to 3Jan 27, 2022 to Feb 10, 2023
Signals
6 dated events
- Legacy Wealth Management, Llc reported RAUM $421.1M, up 38% from $304.9M (2024-08-20 to 2025-02-27)Feb 27, 2025 · RAUM change · derived
- Ross Charles Bell (Sole Member) no longer on Schedule A of Legacy Wealth Management, Llc (listed 2020-11-23, absent 2021-02-05)Feb 5, 2021 · Control person left · inference
- Legacy Wealth Management, Llc reported RAUM $214.6M, up 102% from $106.3M (2019-10-18 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
- Lewis Forbes Watson (Chief Executive Officer And Chief Compliance Officer) appeared on Schedule A of Legacy Wealth Management, LlcAug 5, 2019 · Control person joined · fact
- Cathcart Jennifer Bartlam (Chief Compliance Officer) no longer on Schedule A of Legacy Wealth Management, Llc (listed 2019-06-26, absent 2019-08-05)Aug 5, 2019 · Control person left · inference
- Legacy Wealth Management, Llc filed its initial SEC registration (Form ADV)Jun 24, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 601-499-1970reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- MYLEGACY.MSreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 601-499-1970reportedpublic record, Form ADV, Jul 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $115Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026