# Legacy Planning Group

Legacy Planning Group is a Bank / Wealth / Trust based in McKinney, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** McKinney, United States
- **Region:** North America
- **Address:** 119 W Virginia Street, Ste 200-201, McKinney, TX 75069, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** www.legacypg.com
- **LinkedIn:** https://www.linkedin.com/company/legacy-planning-group-llc

## Regulatory record

- **CRD number:** 327818
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/327818

## About

Legacy Planning Group is a state-registered investment adviser with $34 million in regulatory assets under management. The firm has one employee and one investment adviser. It operates with a small team.

## Sectors

- Financial Planning
- Investment Management
- Retirement Planning
- Estate Planning
- Insurance Planning

## People

- Patrick J. Cloutier — LPL Financial Advisor
- Matthew B. Gournay — LPL Financial Advisor
- Madeleine Cloutier Underwood — Client Services & Events Manager

## Questions

### Who runs investment decisions at 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.

### How is Legacy Planning Group structured — is it an independent RIA or a branch of a larger broker-dealer?

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.

### Does Legacy Planning Group manage both taxable and retirement accounts?

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.

### How is Legacy Planning Group related to LegacyPG.com?

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.

### Does the firm participate in direct private investments or alternatives?

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.

### Who is Madeleine Cloutier Underwood, and what is her role?

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.

## Related profiles

- [Legacy Health System](https://altss.com/profile/legacy-health-system)
- [Legend Partners](https://altss.com/profile/legend-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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