Modern Wealth Management, a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and its clients, has announced an asset purchase agreement of Legacy Wealth Management, a South Florida–based advisory firm managing approximately $1.2 billion in client assets. As part of this transaction, Legacy has transitioned from its broker-dealer affiliation with LPL Financial and is now a part of Modern Wealth's independent RIA.
Led by Tony DuBose and Joel Palatnik, who join Modern Wealth as managing directors, Legacy marks the firm’s first office in Florida and its 20th acquisition since Modern Wealth’s launch in April 2023. The eight-person team, including seven financial advisers, will leverage Modern Wealth’s fully integrated platform to deliver comprehensive services, including financial planning, retirement plan advisory, investment management, estate planning and more. Adopting the Modern Wealth brand, the Legacy
