FAQ
Frequently Asked Questions
Choosing a financial advisor is a big decision, and it’s natural to have questions.
Here you’ll find answers to common questions to help you gain clarity and understand what to expect when working with Legacy Financial.
What is Legacy Financial?
Legacy Financial is an independent wealth management firm rooted in meaningful relationships and personalized planning. We work with clients across many stages of life, whether they are building wealth, preparing for retirement, navigating a transition, or seeking guidance on a specific financial decision.
What makes Legacy Financial different?
We are a boutique, hands-on firm that prioritizes personal relationships, tailored advice, and long-term service. We do not have sales quotas or proprietary products to push, and as a fiduciary, our recommendations are made with your best interests at the center.
What is a fiduciary, and are you one?
A fiduciary is legally and ethically obligated to put a client’s best interests first. Yes, Legacy Financial operates as a fiduciary, which means our advice is designed around your goals rather than outside pressures or product requirements.
Who is LPL Financial and what role do they play?
LPL Financial is the nation’s largest independent broker-dealer and provides the technology, research, and compliance framework that supports your accounts. While your relationship is with Legacy Financial, LPL serves as the custodian and clearing firm that helps hold and service your assets.
What services do you offer?
We offer financial planning, investment management, insurance planning, retirement planning, tax planning, estate planning, education planning, cash flow and budgeting support, debt management guidance, business owner planning, charitable giving strategies, and help navigating major life transitions.
Do I need to live in Woodburn or Hermiston to be a client?
No. While Legacy Financial is based in Oregon, we work with clients both in person and remotely. Many of our clients live outside our immediate local area.
Are you accepting new clients?
Yes. We welcome new clients who value personalized advice, thoughtful planning, and a long-term relationship with their advisory team.
Is there an account minimum to work with you?
No. There is no asset minimum to begin working with Legacy Financial, and clients can engage with us through service models that fit their needs.
What is the difference between financial planning and investment management?
Financial planning looks at the full picture: cash flow, debt, savings, insurance, retirement, taxes, estate considerations, and major decisions. Investment management focuses specifically on how money is invested. Investment management can be part of a financial plan, but financial planning is the broader strategy.
What is the process to get started?
Getting started begins with a conversation. The first meeting is an opportunity to get to know each other, discuss your goals, and determine how Legacy Financial can best support you.
What types of people do you work with?
We work with people across generations and circumstances, including young professionals, families, retirees, business owners, and individuals navigating major transitions. The common thread is a desire for trusted guidance and a relationship built on communication and accountability.
No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2025); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.