Broker Check


In order to address questions you may have about the relationship between Legacy Investment & Retirement Income Strategies and LPL Financial, I would like to share with you some information about our business model.

Legacy Investment & Retirement Income Strategies (Legacy Investments) has been serving the investment and financial planning needs of our community since 2002. We were founded on the principle, that by being independent financial advisors, we could best serve our clients. We utilize LPL Financial to provide our practice with technology, brokerage, investment advisory services and back office support. Legacy Investments is supported by more than 2,400 LPL employees in the San Diego, Boston, and Fort Mill headquarters with everything from product knowledge to client service.

Unlike traditional brokerage firms, which combine product distribution, product manufacturing and sales quotas on their advisor employees, LPL Financial operates on an open architecture product platform with no proprietary investment products. Since LPL Financial offers no investment products of its own, independent advisors who work with LPL Financial can devote their time and energies not to sales quotas but to understanding your individual financial objectives.

LPL’s research department provides independent analysis on financial products, asset allocation strategies, and economic conditions. As a result, we are able to recommend products selected on the basis of our clients’ financial needs and objectives, without being influenced by any product manufacturing bias.

In addition, The firm’s mission is rooted in the belief that objective financial guidance is a fundamental need for everyone. LPL does not offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL are not pressured or influenced by LPL to sell its products. Thousands of financial advisors nationwide are able to rely on the firm’s tools and resources to help them provide financial guidance and recommendations to help meet their clients’ needs.

As independent advisors, we are seasoned, autonomous professionals. Advisors who work with LPL Financial must have the experience and dedication necessary to build a successful and self-directed practice. The one and only focus of LPL Financial is providing advisors who work with LPL Financial with the tools, training, and support they need to offer professional advice to their clients. To help us meet your needs with suitable options, LPL Financial offers our practice access to a broad array of financial products and services and forms alliances with the nation’s leading providers of investment and insurance products.

LPL Financial also supports independent financial advisors by providing comprehensive custody services for their clients. That means LPL takes responsibility for holding your assets in their care and processing your investment transactions. Your assets are strictly segregated from the proprietary assets of LPL Financial and your financial advisor. LPL Financial to keeps track of all your transactions.

Through the LPL Financial multi-bank Insured Cash Account Program, cash deposits are eligible for up to $1.5 million of deposit insurance for individual accounts, and up to $3 million of deposit insurance for joint accounts through the FDIC. This is accomplished by utilizing more than one bank in each LPL account, when required. At each bank, your Insured Cash Account deposits are insured by the FDIC to a maximum amount of $250,000 (including principal and accrued interest) when aggregated with all other deposits held by you in the same recognized legal capacity (e.g., individual, joint, IRA, etc.) at the same bank. For example, if you have an individual brokerage account, you would be eligible for up to $250,000 of FDIC deposit insurance per bank. If you and your spouse have a joint account, your account would be eligible for up to $500,000 of FDIC deposit insurance per bank. If you have any questions about FDIC insurance coverage, visit Keep in mind that other investment holdings are subject to loss.