Privacy Statement and Policy
January 28, 2025
Legacy Wealth Management, LLC (hereafter “Legacy”) recognizes our clients want and expect us to place the highest priority on upholding their privacy and confidentiality in the management of their investment relationship with us. Upholding confidentiality is a material reason for clients to conduct business with Legacy, just as its failure is grounds for a client to terminate their relationship. Legacy has adopted the following Privacy Policy as our ongoing commitment to provide quality service to our clients. This document is given to all current and prospective clients to provide notice about our policies and practices concerning the collection and use of customer non-public information.
Privacy Disclosure Statement
Legacy recognizes our clients’ needs and expectations for privacy and confidentiality when dealing with their personal information. Legacy does not sell any personal information of any client to anyone.
To conduct regular business, Legacy may collect, use, and retain non-public information about clients that is necessary to allow us to provide superior service that is tailored to client needs. We collect personal information from sources such as:
- Information reported by the client on applications or other forms the client provides to Legacy;
- Information about the client’s transactions implemented by Legacy or other vendors;
- Information developed as part of financial plans, analysis, or investment advisory services;
- Other sources with your consent (for example, your insurance professional, attorney, or accountant).
Information Safeguarding
Legacy’s employees are required to protect the confidentiality of client information and to comply with our stated policies. They may access your information only when there is an acceptable reason to do so, such as to service your account or provide you with previously agreed to financial services related to their investment relationship with us. Legacy has implemented physical, electronic, and procedural safeguards to prevent the unauthorized access of confidential client
information.
Sharing Information with Other Companies Permitted Under Law
We do not disclose information obtained in the course of our practice except as required or
permitted under law. Permitted disclosures include, for instance, providing information to non-affiliated third parties that need to know such information in order to assist us with the provision of services to you. These vendors may include broker/dealers, mutual fund companies, and the custodian with which your assets are held. Our vendors regularly update and test the technology we use to ensure the protection and integrity of our client information.
Former Customers
Even if Legacy ceases to provide you with financial services, this Privacy Policy will continue to apply, and we will continue to treat your non-public information with strict confidentiality.
If you have any questions concerning Legacy’s customer Privacy Policy or concerns
about your personal information, please feel free to contact our office at (601) 499-1970.
Electronic Messaging Statement and Policy
Effective June 2025
Legacy Wealth Management, LLC (hereafter “Legacy”) is committed to protecting client information and maintaining compliance with the U.S. Securities and Exchange Commission’s (SEC) requirements for electronic messages used by an investment adviser firm and its investment adviser representatives. This disclosure describes the firm’s approved electronic messaging channels, highlights the risks associated with electronic messaging, and outlines client responsibilities when communicating with us using electronic messaging.
Approved Messaging Channels
To safeguard client communications and comply with SEC Rule 204-2, Legacy permits its investment adviser representatives (“IARs”) to message electronically with clients regarding investment advisory services only through the following encrypted and archivable messaging platforms as of April 25, 2025:
- Legacy’s provided emails
- iMessage with IARs
- SMS Text Message with IARs
The list of Approved Messaging Channels is subject to change from time to time; clients are encouraged to revisit this page periodically to confirm current approved methods of electronic messaging.
Unapproved Messaging Channels
IARs are strictly prohibited from messaging about investment advisory business using any unapproved electronic messaging platform. Unapproved channels include, but are not limited to, the following:
- Personal email addresses;
- WhatsApp™, Signal™, Telegram™, or similar encrypted personal messaging apps;
- Social media messaging tools, including Facebook Messenger, Instagram Direct Messages, and LinkedIn Messaging.
Messages sent via unapproved methods are not monitored, may not be archived, and will not be considered received by Legacy unless retransmitted through an Approved Messaging Channel. Failure to use approved channels may place both the firm and client at risk.
Risks of Using Electronic Messaging
Electronic messaging, even through approved platforms, involves certain risks that clients should understand and accept:
- Device and Network Vulnerabilities: Mobile devices used to send messages may be lost, stolen, infected with malware, or connected to unsecured public Wi-Fi, increasing the risk of interception or unauthorized access.
- App-Specific Limitations: Certain messaging applications permit disappearance or anonymous messages and may feature end-to-end encryption that prevents proper archiving or supervisory review.
- Regulatory Supervision Limitations: When advisory communications occur over unapproved channels, the firm is unable to retain or supervise those messages, limiting its ability to oversee investment adviser representatives and protect client interests.
- Service Interruptions: Communications may be delayed or disrupted by carrier outages, internet interruptions, or technical issues.
- Regulatory and Enforcement Risk: The SEC has imposed substantial fines on firms that fail to preserve and supervise off-channel communications. Using only approved messaging methods helps reduce this risk and supports regulatory compliance.
Clients should take reasonable steps to protect their own devices, including using strong passwords, installing software updates, enabling remote wipe functionality, and using secure internet connections.
Trade Orders
Clients may not place trade orders with the firm or its investment adviser representatives through electronic messaging, even through approved channels. All trade orders must be placed verbally, either by telephone or during an in-person meeting with your investment adviser representative, to ensure accurate and timely execution.
Opt-Out Option
If a client prefers not to communicate using electronic messaging, the client may choose to communicate with the firm exclusively by telephone or postal mail. This choice will not affect the terms of the client’s investment advisory relationship with Legacy.
To opt out of receiving or sending electronic messages through the Approved Messaging Channels, a client must provide written notice of the client’s preference to Legacy at 300 Concourse Blvd., Suite 102, Ridgeland, MS 39157.
Privacy Policy
To learn more about how LWM protects your non-public personal information and complies with Regulation S-P, the Gramm-Leach-Bliley Act, and applicable state privacy laws, please review our Privacy Policy.
If you have any questions concerning Legacy’s Electronic Messaging Policy, please feel free to contact our office at (601) 499-1970.