SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Lake Street
Chicago, IL
Lake Street Private Wealth, LLC, CRD 296761
Firm filing updated July 6, 2026 ·
- $1.2BAssets
- 6Advisory staff
- 2,012Accounts
Fees and minimums
- Hourly feesAsk the firm for the rate
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesYes
- Fixed feesYes
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals304
- High net worth individuals294
- Pension and profit sharing plans15
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 304 | $93.0 million |
| High net worth individuals | 294 | $920.0 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $134.4 million |
| Charitable organizations | Fewer than 5 clients | $4.7 million |
| Insurance companies | Fewer than 5 clients | $14,921 |
| Corporations or other businesses not listed above | Fewer than 5 clients | $6.6 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
See all 5 services
- Pension consulting services
- Other: "ERISA SECTION 3(21) CO-FIDUCIARY SERVICES"
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Other: "ERISA SECTION 3(21) CO-FIDUCIARY SERVICES"
Assets and accounts
- Regulatory assets$1.2 billion
- Accounts2,012
- Discretionary$1.0 billion · 1,999 accounts
- Non-discretionary$128.3 million · 13 accounts
People
- Employees9
- Advisory staff6
- Broker-dealer reps1
- Licensed insurance agents4
- Planning clients1 to 10
Advisors
4 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- Legal name: Lake Street Private Wealth, LLC SEC-registered investment advisor. CRD 296761, SEC file 801-113228.
- Registered with the SEC as an investment advisor (status date on record: May 16, 2018).
Is Lake Street a fiduciary?
Short answer: Lake Street is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 1 staff member is a broker-dealer representative. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
4 staff are licensed insurance agents.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.