Lake Street

RIASEC RegisteredEst. 2018

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 organized as an LLC and first registered with the SEC in 2018. The firm serves both individual/family and institutional clients, offering financial planning, portfolio management for individuals, small businesses and institutions, and pension consulting. Compensation is flexible: percentage of AUM, hourly billing, and fixed fees are all used. Lake Street is not positioned as a capital allocator; it reports no active ESG investing orientation. It also lists roles as sponsor, general partner, or managing member of pooled investment vehicles, indicating involvement with pooled/private structures. Forbes included the firm on its America's Top RIA Firms list in 2023.