Lake Street

RIASEC Registered

Total AUM

$1.2B

Discretionary

$1B

89% of AUM

Avg account

$576K

Accounts

2,012

Employees

Advisory reps

Firm details

Headquarters: Chicago, Illinois
CRD number: 296761
Registered since: May 16, 2018
Website: lakest.com
Custodians: RAYMOND JAMES & ASSOCIATES, INC., CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI79.4%
Pension & Profit Sharing Plans11.6%
Individuals8.02%
Corporations / Businesses0.57%
Charitable Organizations0.4%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension Consulting

Firm profile

FINTRX

Overview

Lake Street is an independent registered investment adviser that provides financial planning and portfolio management to both high-net-worth individuals and institutional clients. The firm is SEC-registered (registered in 2018) and operates under a fee model that includes AUM-based fees, hourly charges, and fixed-fee arrangements. Its advisory services cover individual and small-business portfolio management, management for businesses or institutions, and pension consulting. Lake Street was included on Forbes' America's Top RIA Firms list in 2023. The firm also serves in sponsor/GP roles for pooled investment vehicles, indicating it not only allocates to third-party managers but can act as a manager or sponsor in private pooled structures.