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Triad Advisors adds Legacy to broker-dealer platform


Legacy Wealth Partners has transitioned to Triad Advisors’ hybrid adviser broker-dealer platform.

Legacy brings approximately USD190 million in client assets, as of 31 January 2017.
Based in Woodland Hills, California, Legacy provides holistic financial planning to high-net-worth private clients and families in three basic groups: successful professionals and business owners, retirees and pre-retirees, and people experiencing major life transitions, primarily divorce or the death of a spouse.
Legacy serves as the personal financial advocate and chief financial officer of each client, focused on creating and implementing a customised financial plan designed to meet their individual financial goals and requirements, including investment management, tax planning, estate planning and insurance.
Serving a predominantly Southern California clientele, Legacy provides primarily fee-based financial advice.
Legacy Wealth Partners was founded in 2007 by Brad Levin and David Tracy, the firm's chief operating officer.
Nathan Stibbs, executive vice president, chief strategy officer at Triad Advisors, says: “We are delighted to welcome Legacy Wealth Partners to Triad's broker-dealer and hybrid registered investment adviser (RIA) platform. We are pleased to be able to offer Legacy the flexibility and freedom they were seeking, so they may manage their business as they envision and select the tools, resources and investment solutions of their choosing in order to most effectively service their clients' needs. Legacy is a young firm with tremendous growth potential, and Triad is eager to help it fulfil its ambitions and grow into a substantially larger organisation."
Levin says: "We are excited to join Triad Advisors to facilitate the next phase of our firm's growth and evolution. Affiliation with Triad's flexible platform has enabled us to maintain our own RIA, which allows us to choose the services we prefer in order to enhance our clients' wealth management experience and continue to develop Legacy's distinct culture and identity. At the same time, in Triad we receive the support of a top-quality broker-dealer that is truly dedicated to being our entrepreneurial partner.
"Working with Triad also makes available to us additional resources through Triad's parent, Ladenburg Thalmann, including its extensive research capabilities, exclusive investment syndicates, and access to financing that can help us grow our business and attract additional high calibre advisers to Legacy's team-based wealth management business model. We look forward to working closely with Triad and with Ladenburg Thalmann over the coming years."

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