Lake Street Advisors

Overview

Year Founded: 2003
Assets Under Management: $3.4 billion
Ownership: Wholly-owned subsidiary of Focus Financial Partners Inc.
Services Offered: Financial planning services; Portfolio management for individuals and/or small businesses; Selection of other advisers (including private fund managers); Wealth management services

Offices

Headquarters: Portsmouth, NH
Number of Offices: 2

Clients

Number of High-Net-Worth Clients: 66
Percentage of Firm Assets Belonging to High-Net-Worth Clients: 99.6%
Minimum Client Portfolio Size: $20 million
Average High-Net-Worth Client Portfolio Size $51.2 million

Stated Fees

Min	Max	Marginal Fee Rate
$0	$10 million	0.70%
$10 million	$20 million	0.50%
$20 million	$50 million	0.40%
$50 million	and above	0.30%

Minimum Annual Fee: $120,000
Charges Fees on Cash: Yes
Charges Fees on Margin: Yes
Assets Excluded from Fees: Tangible personal property; residential real property; employer stock, stock options, and other employer restricted stock (before its liquidation); and any other assets that LSA and the client agree in writing to exclude
Fixed Fee Option: Yes, similar to asset-based fee calculation
Fixed Fee Range: $100,000 to $750,000 annually
Receive Commissions: No
Charge Performance Fees: No
Third Party Management Fees: Yes
Additional Fees for Bill Pay Services: Yes, $30,000 to $50,000 annually

Client Portfolios

Model Portfolios: Yes
Investments in Third Party Managers: Yes

Investment Type	Average Allocation
Stocks & ETFs	15%
Government & Corporate Bonds	9%
Mutual Funds	37%
Private Funds	22%
Cash	17%
Other	0%

Non-Investment Services

Number of Clients Receiving Financial Planning Services: 51 to 100
Sells Products or Provides Services Other Than Investment Advice: We offer comprehensive wealth advisory services. As an additional, optional service we offer bill payment administration and spending tracking for wealthy families.
Additional Fees for Bill Pay Services: Yes, $30,000 to $50,000 annually

Employee Statistics

Number of Employees: 35
Number of Employees Performing Investment Advisory Functions: 16
Number of Employees Registered Representatives of a Broker-Dealer: 0
Number of Employees Registered as Investment Adviser Representatives: 23

Websites

LinkedIn
Firm Website