Business Description
Legacy Asset Management has been helping institutions, businesses and individual investors since 2001. Our comprehensive Legacy Blueprint™ process has been designed to help identify, simplify and maintain a realistic approach to financial planning. The Legacy Blueprint™ process is meant to help you achieve the peace of mind that comes with knowing you have done all that you can to manage your goals within your current lifestyle. We place a high regard to setting realistic expectations and delivering outstanding personal service. We take the time to get to know you, your core values and your personal, financial and estate goals. You can also expect our Legacy Blueprint™ process to help add discipline and objectivity to your decision making responsibilities. Whether it’s accumulating assets or preserving them, saving for retirement or providing an income for retirement, through our Legacy Blueprint™ process we can help you develop a sound financial plan for the future. Securities and investment advisory services offered through National Planning Corporation (NPC) a Registered Investment Advisor, member FINRA, SIPC. Legacy Asset Management, Inc. and NPC are separate and unrelated entities.
General Information Gender:    Male CRD#:    1586767 Firm CRD#:    NPC 29604 Insurance License#:    46400 Name of Broker/Dealer:    National Planning Corporation Name of Custodial Firm:    Pershing, LLC States Licensed in:    FINRA State Registrations: AK, AZ, CA, CO, FL, IL, MA, MI, MN, NM, NV, NY, WA States Willing to do Business in:    FINRA State Registrations: AK, AZ, CA, CO, FL, IL, MA, MI, MN, NM, NV, NY, WA Years of Experience in Financial Services:    20 Number of Years with Current Firm:    8 Work Experience:    2001 to current: CEO/President, Legacy Asset Management, Inc. 02/2008 to current: National Planning Corporation 07/2001 to 02/2008 Commonwealth Financial Network (Broker/Dealer) 11/1999 to 07/2001 SunAmerica Securities (Broker/Dealer) 04/1999 to 11/1999 National Planning Corporation (Broker/Dealer) 05/1997 to 04/1999 SunAmerica Securities, Inc. (Broker/Dealer) I work with the following types of clients:    Businesses, Non-Profit Organizations, Individual Investors
Education Academic Background   B.S., Economics Bemidji State University, Bemidji, MN Personal Financial Planning Certificate, Metropolitan State University, Denver, CO Registered Financial Consultant (RFC) FINRA Series 7, 24, 66 FINRA State Registrations: AK, AZ, CA, CO, FL, IL, MA, MI, MN, NM, NV, NY, WA Arizona Variable Life & VA
Services Investment Types:    Mutual Funds, Bonds, Stocks, Exchange Traded Funds (ETFs), Alternative Investments, Insurance, Annuities, Socially Responsible Investments (SRI)
Qualifications & Memberships Certifications, Accreditations & Designations:    Registered Financial Consultant (RFC) Securities Licenses:    Series 63, Series 65, Series 66, Series 24, Series 7 Insurance and Annuity Licenses:    Variable Life, Long Term Care, Variable Annuity, Disability, Life, Health, Annuity Non-Financial Organization Memberships:    Fountain Hills Chamber of Commerce, Chairmans Award Recipient Past President, Fountain Hills Community Theater Board Past Executive Vice President, Golden Eagle Foundation Past Vice President, The Shelly Cohen Foundation Past Board Member, Shepherd of the Hills Foundation Fountain Hills Community Theater, Prizm Award Recipient Sojourner Center Truth Society Member Honorary Los Artistas Vaqueros Member, River of Time Museum Fountain Hills St. Patricks Day Chairperson Vice Chair, Fountain Hills Chamber of Commerce Distinguished Community Service Award, Kiwanis Club, Virginia, MN
Firm Information Number of Advisors in Office:    Up to 10 employees I work with clients as part of a team:    Yes
Compliance Registered Investment Advisor:    Yes Registered Representative:    Yes Investment Advisor Representative:    Yes Compliance Disclosures in Last 5 years:    I have a clean record Criminal Disclosures in Last 5 years:    I have a clean record
Compensation & Fees I am a fee-based financial professional:    Yes Minimum Portfolio Size for New Managed Accounts:    75,000 Compensation Methods:    Based on Assets, Commissions Additional Details on Charges:    Fees on managed accounts will depend on managers and service programs. Fees also will depend on the size of the account. Household relationships that have multiple fee based accounts may be combined to potentially reduce each individual account's fee schedule.
Prepared By:	Douglas Schmidt

Frequently Asked Questions

Q.	What carrier(s) do you represent?

Q.	What are your management fees?

Q.	What kind of plans do you specialize in?

Q.	Do you have a minimum requirement for number of employees or total investment value?

Q.	Do you offer any additional services?

Q.	What are your qualifications?

Q.	What is your approach to 401 K plan rollovers?

Q.	How long does the process of rolling over a 401K plan usually take?

Q.	What financial institutions do you represent?

Q.	How many years of experience do you have?

Q.	What are your fees for this service?

Q.	Why should I roll over my 401K plan to your firm?

Q.	Do you provide a free initial consultation?

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Q.	What carrier(s) do you represent?
As an independent registered representative we have access to dozens of carriers.

Q.	What are your management fees?
Fees are determined by the size of the company's plan assets, number of employees, plan options and administration needs.

Q.	What kind of plans do you specialize in?
Currently we service 401(k) plans, 457 / 401(a) plans as well as non-qualified define benefit plans.

Q.	Do you have a minimum requirement for number of employees or total investment value?
At this time we do not have minimum plan requirements. We work with both the start up plans as well as larger established plans that may wish to reduce fees, expand their plan alternatives or both.

Q.	Do you offer any additional services?
As a registered investment adviser, we can provide to all eligable employees the opportunity to utilize our comprehensive wealth management services at little or no fees to the company sponsoring the plan.

Q.	What are your qualifications?
Mr. Schmidt is a Registered Financial Consultant (RFC) with over 20 years helping individuals with their 401(k) rollovers.

Q.	What is your approach to 401 K plan rollovers?
As a comprehensive wealth management firm, we have established the Legacy Blue Print Process to help our 401(k) rollover clients set realistic goals, understand their options and how to set and measure their priorities.

Q.	How long does the process of rolling over a 401K plan usually take?
The time it will take to complete a 401(k) rollrover will differ with each employer's plan. We have found from start to finish, it usually takes a week to 4 weeks.

Q.	What financial institutions do you represent?
Legacy Asset Management, Inc. is an independent investment adviser. Through our indpendent relationship with National Planning Corporation, a Registered Investment Adviser and member FINRA, SIPC, we have access to individual stocks, bonds, mutual funds, annuities and FDIC insured certificates of deposit(CDs).

Q.	How many years of experience do you have?
Mr. Schmidt was first licensed as a registered representative in 1986.

Q.	What are your fees for this service?
Through an independent relationship with National Planning Corporation, compensation is dependent upon the size of the rollover and the services required by the client.

Q.	Why should I roll over my 401K plan to your firm?
Our unique Legacy Blue Print Process provides our clients with a step by step process that will allow them define their goals, educate them to their alternatives and help them manage their portfolio into the future.

Q.	Do you provide a free initial consultation?
Yes. The initial consultation is Free and without obligations.