Wealth Advisor

Robert E. “Ned” Philbeck, IV grew up in Columbia, South Carolina and attended the College of Charleston where he earned a Bachelor of Arts degree in Political Science in 1992. He began his finance career in 1992 with Palmer and Cay, a large and well-respected regional risk management firm.

During his tenure there, Ned earned the Accredited Advisor of Insurance designation, and mastered a number of key risk management concepts that are essential to his advisory processes today. Ned joined Financial Management Group in 1995. He was named Firm Investment Specialist in 2000, and in 2005 was appointed Vice President and head of the firm’s Investment Management division.

In March of 2009 Ned joined Legacy Wealth Management as Vice President and Investment Specialist. This change was instituted to merge his specialization with the experience of his new partners in Mt. Pleasant, SC and Rockville, Maryland, to further his strategies to work towards the creation as well as preservation of wealth in both up and down markets. Ned does not practice as an accountant or an estate planning attorney, but has an extensive knowledge of both fields to help his clients find the right resources to complete those pieces of a financial plan. As a registered Series 7 and 63 representative with LPL Financial, Ned has the experience and ability to work with both investment and insurance strategies. Most importantly, we believe, is his passion and commitment to finding his clients suitable investments for their portfolios and his wide range of investing and advising skills.

In 2025, he merged his practice with LWM’s sister firm, The Monitor Group, to add to available resources for clients.