Lake Effect Wealth LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$17,393,825
Clients
12
58% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
12
LowAverage account size
$1,449,485
About
Lake Effect Wealth provides discretionary portfolio management and financial planning to individuals, high‑net‑worth clients, and corporations or other businesses. Its services include project‑based and comprehensive financial planning and extend to business planning and employee benefits optimization.
The firm primarily practices passive investment management informed by Modern Portfolio Theory, building asset‑class portfolios using index mutual funds and ETFs, while also employing both fundamental and technical analysis for security and sector decisions. Client portfolios are constructed around individualized investment policy statements and, for managed accounts, the adviser generally operates with discretionary authority.
As a solo adviser, LEW reports about $18.26 million in assets under management across 12 client relationships and explicitly includes corporate/business clients among its client types, a service focus that is less common among peers. The brochure states the firm receives compensation only directly from clients (it does not accept commissions or other third‑party product sales), does not receive soft‑dollar benefits, does not aggregate or block trades, and uses Schwab Institutional for custody and operational support.
Client services
Financial planning
Portfolio management
Expertise
Business ownership considerations
Cash flow / budgeting
College savings (529s, UTMA, etc.)
Retirement income strategy
Occupation focus
Founder/Business Owner
Fee options
$0 - $2,000,000: 1.000% annually $2,000,001+: 0.800% annually
$200.00 - $300.00 per hour, with a 10 hour minimum
Main office location
Lake Effect Wealth LLC
Charlotte NC, United States
Number of offices
1
Most active in
Lake Effect Wealth LLC has reported serving >5 clients in these states in the last 12 months.
Illinois · North Carolina
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Forms ADV
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