Lake Street
Assets Under Management
$961.8M
Number of Clients
512
Number of Advisors
7
Average Client AUM
$1.9M
AUM per Advisor
$137.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Lake Street Private Wealth, LLC offers discretionary investment management, non-discretionary advisement, ERISA co-fiduciary 3(21) investment advisor, and financial planning to individuals, high net worth individuals, business entities, and retirement plans. They use investment tools to determine client risk parameters and objectives.
Fee Structure
Lake Street charges an annual management fee, up to 2% of assets under management, for discretionary investment management services. For non-investment management clients or those needing disproportionate consulting, hourly or fixed fees are agreed upon. Financial consulting fees start at $2,500 on a fixed fee basis, then $100-$300 hourly. For assets under advisement (non-discretionary), fees are up to 1.5% annually.
Areas of Practice
Location
128 N. May Street, Floor 2, Chicago, IL, 60607