Legacy Planning Group

Patrick J. Cloutier, who holds the AAMS and CRPC designations, is the firm's principal financial advisor and founder. Matthew B. Gournay, a Certified Financial Planner, also serves as an LPL Financial Advisor. Their investment recommendations rely on LPL's platform and research, with final decision-making resting with the individual advisors executing on a client-by-client fiduciary basis, per the firm's website.

Legacy Planning Group operates as an LPL Financial-affiliated practice. The group's advisors are registered representatives of LPL, which provides broker-dealer services, clearing, custody, and compliance infrastructure. This hybrid structure pairs an owner-operated, family-staffed office with the institutional capabilities of the largest independent broker-dealer in the United States.

Yes. The firm's stated capabilities include investment management for taxable portfolios as well as dedicated retirement planning, including small-business retirement plans. This covers a range of structures from individual accounts and IRAs to employer-sponsored plans. Specific plan types are not itemized on their website.

LegacyPG.com is the proprietary web domain for Legacy Planning Group. There is no indication of a separate parent company, subsidiary, or outside marketing entity using that address. The domain serves strictly as the digital presence for the McKinney-based financial planning practice.

Based on their publicly described model — which emphasizes long-term investment management, retirement planning, and insurance solutions — there is no disclosure of direct private investments, fund commitments, or alternative-asset allocations. The firm's investment shelf is shaped by LPL's platform, which can include liquid alternatives but does not appear to feature the direct-venture or private-equity activity common in multi-family offices.

Madeleine Cloutier Underwood is the daughter of founder Patrick J. Cloutier. She joined the firm in 2017 as a Registered Assistant and now serves as Client Services & Events Manager. She holds the CRPC designation and represents the next-generation family involvement, though her role is operational and client-facing rather than investment-decision-focused.

No public succession plan is disclosed. The family dynamic — with the founder's daughter established in a permanent client-services role — suggests a pathway for business continuity, but the firm has published no formal buy-sell agreement, internal ownership transition timeline, or next-generation advisor succession framework.