Overview
Legacy Wealth Management Group, Inc. (hereinafter called “LWMG”) is a Registered
Investment Adviser based in Lynchburg, Virginia, and incorporated under the laws of the State
of Virginia. LWMG is owned by Ronald Jacob (Jake) Dawson and Joshua D. Stamm. LWMG
is registered with the SEC and subject to the rules and regulations of the US Advisers Act.
Founded in July 2022, LWMG provides investment advisory services, which may include, but
are not limited to, the review of client investment objectives and goals, recommending asset
allocation strategies of managed assets among investment products such as cash, stocks, mutual
funds and bonds, annuities, and/or preparing written investment strategies. Our investment
advice is tailored to meet our clients’ needs and investment objectives. Clients may impose
restrictions on investing in certain securities or types of securities (such as a product type,
specific companies, specific sectors, etc.) by providing a signed and dated written notification, of
which an e-mail is also an acceptable form of notification. LWMG also provides financial
planning consulting services including, but not limited to, risk assessment/management,
investment planning, estate planning, financial organization, or financial decision
making/negotiation.
LWMG provides investment advisory and other financial services through its Investment
Advisory Representatives ("IAR") to accounts opened with LWMG. Managed Accounts are
available to individuals and high net worth individuals.
LWMG provides discretionary
investment advisory services to some of its clients through
various managed account programs. LWMG will assist clients in determining the suitability of
the Managed Account Programs for the client. The IAR is compensated through a
comprehensive single fee and the account may be assessed other charges associated with
conducting a brokerage business. LWMG and its IAR, as appropriate, will be responsible for the
following:
• Performing due diligence
• Recommending strategic asset and style allocations
• Providing research on investment product options, as needed
• Providing client risk profile questionnaire
• Obtaining investment advisory contract from client with required financial, risk tolerance,
suitability and investment vehicle selection information for each new account
• Performing client suitability check on account documentation, review the investment
objectives and evaluate the investment vehicle selections
• Providing Firm Brochure (this document)
LWMG may recommend a Wrap Fee Program for the client’s account(s). A “wrap fee program”
for purposes of the SEC is a program under which investment advisory and
brokerage execution services are provided for a single “wrapped” fee that is not based on the
transactions in a client account. Clients with Wrap Fee Program accounts will be provided with
LWMG’s Wrap Fee Brochure.
As of February 12, 2024, the firm manages $207,670,000 discretionary client assets and $0 non-
discretionary client assets.
Form ADV, Part 2A, Item 5