Financial Services in Draper, Utah

Mission Statement

To provide Draper quality Financial Planner assistance as a Financial Services, Financial Planning, Investment Representative and Retirement Planner.

Legacy Planning Group meeting your Financial Planner needs since 2004.

Reviews

Non-Rated Service

Be the first to Write A Review for Legacy Planning Group .

When you’re looking to grow or maintain your current wealth, you need someone who will help you meet your financial goals while reducing the headaches along the way. It’s also important to have someone who has the expertise to keep you ahead of the curve. That’s exactly what Legacy Planning Group offers to clients through our financial services!

Established in 2004, our office in Draper, UT has the tools and expertise to help you succeed. As an expert in all the popular accounting software, we’ll be able to quickly take control of your financial situation while keeping a sharp eye on the details. From there, we can identify opportunities to help you achieve the level of growth you desire!

Legacy Planning Group can help you take control of your finances! For any questions or to schedule a consultation, please call (801) 207-1400. You can also visit our website at www.investlpg.com to find more detailed information about our services. Call today!

Key Contacts

Travis Hudak

President Of Managed Accounts travis J Hudak Is The President And An Original Founder Legacy Planning Group. He Graduated From The University Of Utah's David Eccles School Of Business With Honors And Began His Investment Career With Fidelity Investments In 1998. travis Became An Independent Broker And Advisor In 2002, When He Left Ubs Painewebber. He Maintains His Series 7 Securities Registration, Series 24 Principal’s Registration, And His Series 65 Registration. travis Is The President Of Managed Accounts And Specializes In Developing Financial Plans With Clients And Implementing Them With The Use Of Specialized Managed Accounts Designed To Help Mitigate Investment Risk. travis Enjoys The Process Of Taking A Client From The Discovery Phase To Implementation Of A Plan. Listening To His Clients Throughout The Process Makes His Job Very Easy. The Relief His Clients Feel, Knowing They Have A Financial Partner Looking Out For Their Best Interests, Is The Best Part Of The Process. travis Takes A Personal Interest In The Ongoing Review Process With His Clients. He Personally Attends These Meetings To Better Understand The Changes Affecting His Client’s Personal And Financial Life. Often, Travis Makes House Calls — His Clients Prefer This Level Of Service. Secretly, He Enjoys Being Out Of The Office And On The Road. He Has Also Been Known To, On Occasion, Sneak Into A Movie Between Reviews Although He Will Never Admit To It. travis Has Been Married To His Wonderful Wife, Aimee, Since 1994 And They Have Three Amazing Children, Nikkelle, Cantor, And Taylon. Away From Work, He Enjoys Woodworking And Always Has A Project Underway. He Also Enjoys Mountain Bike Racing With His Boys Where Lpg Sponsors The Rubber Side Down Racing Team.

David Wm. James

Senior Vice President david Wm. James Is The Senior Vice President And An Original Founder Of Legacy Planning Group. He Graduated In 1980 From Brigham Young University With An Emphasis In Financial And Estate Planning. His First Real Job Took Him And His Family To Dayton, Ohio. There He Began His Career As A Financial Planner. David Is Lpg's Estate Planning Specialist And Has Been In The Financial Services Industry For More Than Three Decades. David Focuses On Proper Estate Planning And Wealth Transfer Solutions For Our Clients. He Maintains Several Securities Registrations Including The Finra Series 7, 63, & 65. david Is The First Point Of Contact For Most Of Our Clients. He Spends Nearly All His Time In The Office Managing The Marketing And Calendaring Activities Of The Entire Group. Out Of The Office, David Conducts Numerous Educational Events Every Month For Both Investigators And Existing Clients. david Lives In Draper, Utah With His Wife, Elaine. His Four Children Each Have Graduated From Various Universities And Have Their Own Families And Careers. They Have Also Raised Several Other Children Over The Years. david And Elaine Have Numerous Grandchildren, Who Occupy Much Of Their Grandparent’s Time And Attention. David Is Very Happy To Have Them All Living Nearby. He Enjoys Community Service And Traveling With His Family. He Has A Love For The Game Of Soccer, Which He Refereed For More Than 17 Years. david Starts Every Work Day, Bright And Early, At The Swimming Pool. He Is Usually The First One At The Office.

Michael Child

Senior Vice President michael L. Child Is Vice-president And An Original Founder Of Legacy Planning Group. He Graduated From The University Of Utah David Eccles School Of Business With A B.s. In Finance. He Began His Career With Fidelity Investments In 1998. He Worked As A Financial Advisor And Retail Broker Until 2002, When He Left Ubs Painwebber. He Maintains His Series 7 And 66 Registrations, Insurance License, And Mortgage Originator License. michael Specializes In Developing Financial Plans With Clients And Implementing Them With The Use Of Specialized Managed Accounts Designed To Reduce Investment Risk. He Enjoys Working One On One With Clients To Help Them Identify Their Individual Investment Objectives And Ultimately Formulate A Plan. While Priding Himself In Communicating Effectively With His Clients, Michael Works Hard To Maintain Open Lines Of Communication And Set A Clearly Defined Review Process With His Clients. He Personally Attends All Account Reviews To Better Understand The Changes Affecting His Clients’ Personal And Financial Life. michael Has Been Married To His Wife Melissa Since 1993. They Have 2 Children, Talbot And Sarah. When He Isn't Working, Michael Enjoys Staying Active, Traveling, And Spending Time With His Family. He Especially Enjoys Watching His Children Play Lacrosse. He Coached Lacrosse For Many Years And Helped Grow The Sport In Riverton, Utah.

Michael Owen

Branch Manager compliance Officer investment Advisor Representative michael Owen Is Legacy Planning Group's Branch Manager And Compliance Officer. He Graduated From The University Of Utah David Eccles School Of Business And Began His Investment Career With Fidelity Investments In 1998. michael Earned His Mba From The Ohio State University In 2005 While He Waited For His Wife To Return From Her Overseas Military Duties. He Maintains Several Registrations, Including A Series 7 Registration, Series 24 Principal’s Registration , And A Series 66 Registration.. michael Has Been Married To His Wife, Cheri, Since 2004. They Have Two Amazing Children — Athena And Alexander. Away From Work, Michael Enjoys Tennis And Building Lego Projects With His Children. When Michael Needs To Take The Stress Level Down A Bit, He Likes To Take His Dog To The Local High School And Run Around The Track.

Darren Coles

Chief Investment Analyst darren Coles Comes To Legacy Planning Group After Completing 20 Years In Law Enforcement And Taking A Full Retirement. Darren Worked As An Adult Probation And Parole Agent. He Worked With Other Agencies In Joint Operations, As Well, Including The Internet Crimes Against Children Task Force, Child Abduction Response Team, U.s. Marshals Fugitive Task Force, Homeland Security, Atf, And The Fbi. One Of The Areas Where Darren Specialized Was Searching Computers — Using Sophisticated Algorithms Created By The Fbi To Uncover Illegal Child Pornography And Human Trafficking For Prosecution. in 2014, Darren Retired His Badge And Began Working For Legacy Planning Group Full Time. He Is The Chief Investment Analyst And Maintains A Series 65 Registration. Darren Manages, Designs, Backs Tests, And Implements Algorithmic Strategies To Reduce Investment Risk In Client Portfolios. He Enjoys The Challenge Of Taking An Idea From The Design Stage All The Way To The Execution Stage. Darren Believes All Strategies Must Be Evidence-based And Pass Rigorous Stress-testing. Primarily, He Uses C# And Python For Coding Strategies. when Darren Isn't Working, He Can Be Found Blasting Down A Trail On His Mountain Bike Or Spending Time With His Family. Darren Loves To Compete, And Has Recently Earned Two State Championships In Downhill Mountain Biking. lisa Black director Of Customer Relationships lisa Black Is The Director Of Customer Relationships At Legacy Planning Group. She Attended California State University In Fullerton, California. In Her Role As Director Of Convention Services At The Balboa Bay Club, Lisa Developed A Deep Discipline For Exceeding Client Expectations. After Moving To Utah In 2007, Lisa Found The Freedom To Follow An Exciting New Path — A Career In The Financial Services Industry. For More Than Ten Years, Lisa Has Specialized In Helping Individuals And Plan Sponsors Create And Follow Successful Retirement Strategies. Lisa Has Truly Found Her Passion — Helping Clients Reach Their Financial Goals. lisa Holds Series 6 And Series 63 Securities Registrations. She Is Constantly Working To Expand Her Investment Knowledge So She Will Continue To Be The Best Resource For Her Clients. When Employers Need To Maximize The Effectiveness Of Their Retirement Plan Offerings, Lisa Is The Expert To Whom They Turn. outside The Office, Lisa Enjoys Spending Time With Her Family — Especially Her Grandchild, Thomas. Whenever She Finds The Time, Lisa Travels To California. There, She Visits Family And Spends Hours On The Beach, Enjoying The Best Sunshine In The World.

1) Risk Based Asset Management

Client Risk Assessment

Legacy Planning Group's primary objective with its tactical asset management strategy is minimizing risk for our clients. Every client is different, therefore we utilize the latest risk assessment software from Riskalyze to help our clients determine their risk tolerance or risk threshold.

Current Portfolio Risk Assessment: or Assessing Current Portfolio’s Risk Level
For our prospective clients, we perform a detailed analysis of their current investments using Morningstar analytical tools. This powerful software objectively dissects the client’s portfolio to determine its historical level of risk. The use of this data helps the client to understand the potential risks associated with their portfolio and how they may be impacted in the future. The goal with this step is to determine if the current portfolio’s risk level matches the client’s risk tolerance. It they do not match, LPG will make a recommendation that will more closely align the client's risk tolerance to a tailored portfolio with similar risk characteristics.


Risk-Based Portfolio Recommendation

LPG has *tactical asset management models tailored to differing levels of risk. We recommend a model to our client that closely matches their personal risk score.

Free Portfolio Risk Analysis

Separately Managed Accounts
LPG does not commingle client assets with any other client. Our client’s assets are held in their own personal account and all investments are listed clearly on their account statements.

LPG is an Asset Manager. We allocate our clients assets based on the client’s risk score. We are not the custodial firm, meaning we do not physically hold client assets. We utilize custodial brokerage firms including Bank of New York (Pershing), Fidelity Investments, and Charles Schwab to hold our clients' assets. In addition, clients who own variable annuities can have their assets managed by LPG. LPG is a third-party money manager for many of the variable annuity companies including Jackson National Life, Transamerica, Nationwide, Axxa Equitable and AIG. If you have accounts with these firms, or others not listed, they can be managed by LPG.

Tailored Portfolios

LPG’s Tailored Portfolios are designed to keep potential losses within the client’s risk tolerance range. For example, if a client cannot tolerate a risk of losing more than 15% (temporary 15% portfolio loss), we have a tailored portfolio that has a high probability of not exceeding this level of loss even in the most extreme economic environments.

Cost

LPG is a fee-based asset management firm with a fiduciary responsibility to do what is in the best interest of our clients. There is no financial reward to recommend investment changes within your portfolio. Every investment transaction is made because we believe it is in the best interest of our client. Our clients can rest assured that when we reallocate their personal portfolio to a capital preservation (very conservative) allocation, it is because we feel the risks in the economy are too high to keep our clients exposed to undue levels of risk.

Our fee schedule is based on client asset levels; the higher the level of assets, the lower the management fee. For a quote, please contact us directly.

2) Estate Planning

WILLS AND TRUSTS

Many people seem to think estate planning should only be done when we are older or in retirement. However, experts agree that a will should be written after your first child is born or when you start your career.

Despite what you may have heard, not everyone needs a trust to go along with their wills. This is an important conversation to have, prior to paying for an expensive trust.

OTHER IMPORTANT DOCUMENTS

In addition to having a will (or wills, for a married couple), there are several other important documents that everyone should consider when preparing for events that may occur long before the will/trust could come into play (i.e., Living Wills, Durable Powers of Attorney and General HIPAA Releases).

One major component of estate planning that is often overlooked is the importance of correctly naming beneficiaries. This designation supersedes anything specified in wills or trusts and, if done in error, will have significant repercussions after it is too late to correct.

INDIVIDUALIZED PLAN

We utilize the expertise of our estate planning attorney, Michael Blackburn, with Blackburn and Stoll. With more than three decades' experience, Michael can be invaluable in helping you plan for your future. He will examine your unique situation and create an individualized estate plan that will help you attain your goals.

3) Life Insurance

HAVING THE RIGHT COVERAGE.

Everything changes over the course of our lives — careers change, families grow, health needs fluctuate. With each of these changes, our insurance needs evolve, as well. Unfortunately, these needs are often overlooked. The insurance policy that you purchased 10, 5, even 2 years ago should probably be re-visited and adjusted. We have years of experience with life insurance, and we will help you assess whether your current coverage is appropriate to your needs. If necessary, we will suggest beneficial adjustments.

INSURANCE PLANNING MATCHED TO YOUR FINANCIAL STRATEGY

Not all insurance policies are created equal. Policies contain fees, such as mortality and expense charges. Some may contain restrictions, such as surrender periods. Depending on these and other considerations, it's quite possible that we will be able to suggest an insurance product that better fits your needs and your financial strategy.

ENHANCING ESTATE VALUE

While our primary role with most clients is that of financial advisor, Legacy Planning Group is also a licensed insurance agency. Life insurance, if properly utilized, is a powerful tool to enhance estate value. As a result it is important to analyze your current policies when creating a financial strategy or estate plan. We may offer our clients advice regarding life insurance, but you are, of course, under no obligation to follow this advice.

4) Financial Planning

EASY-TO-FOLLOW, CUSTOM PLANS

You've worked for decades, investing and saving for your retirement. Do you have a plan for retirement? Maybe you'd like to travel. Maybe you picture yourself spending your golden years on the golf course. Whatever your plan, it may require some planning and financial savvy to execute properly. That's where Legacy Planning Group will help. We specialize in creating understandable, easy-to-follow retirement plans. We'll help you develop, follow, monitor, and adjust your financial strategy as circumstances change throughout your life.

MANAGING YOUR PORTFOLIO

Asset management is critical to an effective retirement strategy. Saving money is a good thing, but it's a bad idea to squirrel away all your savings without letting your money work for you. At the same time, you have to be careful. Volatile markets, unpredictable interest rates, and inflation all add to the complexity of investing. By understanding your financial needs and goals, we help position you so that your entire portfolio works toward meeting those needs and goals through both unexpected life events and market fluctuations.

FOCUS ON THE IMPORTANT THINGS

With experienced professionals constantly monitoring the market and making your investment adjustments accordingly, you can focus on reaching your income goals and planning for the amazing times ahead. Let Legacy Planning Group put your money to work for you while you map out your travel itinerary or practice your swing.

5) Social Security & Tax Planning

MAXIMIZE YOUR BENEFIT

Social Security benefits are an important aspect to any well-conceived retirement plan. The program isn’t as simple as it may first appear, and there are important decisions that must be made to maximize your benefits. Timing is everything, and one badly timed move could cost you thousands in the long run. At Legacy Planning Group, we recommend you research the program to determine how to maximize your benefit. Of course, we have years of experience with Social Security planning and we're here to help.

WHEN TO COLLECT

Certain decisions regarding Social Security should be addressed as soon as you begin to plan your retirement. One of the most critical is when to start collecting your benefits. The amount of your monthly benefit depends directly upon your age when you begin to collect. In other words, the older you are when you begin to receive benefits, the greater the amount of monthly benefits you'll receive. Of course, this decision depends heavily on how much you've saved and how long you plan to continue working.

EXPERIENCE THAT WORKS FOR YOU

Other decisions, such as how long you'd like to remain an active member of the workforce, how much you'll work once you've started receiving social security benefits, and when your spouse should begin receiving benefits, should all be made with as much research and information as possible. The wrong decision could prove to be quite costly. At Legacy Planning Group, we deal with these issues every day, and our experienced staff will help you maximize your benefits to get the most out of your Social Security and your retirement.

TAX PLANNING
MINIMIZING TAX LIABILITIES

Minimizing tax liabilities should be a goal for everyone whether they are working or retired. Although we are not tax advisors, we utilize financial planning software that lays out a plan to minimize tax liability in retirement years. Proper income distribution is the key to minimizing tax liabilities and maximizing estate value during retirement. Investment strategy and investment vehicles can help minimize taxes while still working. We will work directly with the client’s tax advisor to structure a tax-efficient investment strategy. If a tax advisor is not utilized by our client, we can recommend a qualified tax advisor or offer tax efficient solutions directly.

Service Locations

Financial Services Draper  -  Financial Planning Draper  -  Investment Representative Draper
Retirement Planner Draper  -  401 K Rollover Draper  -  Financial Advisor Draper

Citations

Legacy Planning Group Photo Gallery
Updated as of 4/29/2024

Contact Information

Direct Email Contact