Lake Life Wealth Advisory Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The firm provides fee-only, holistic financial planning and investment guidance to individual and family clients, offering tailored services such as cash-flow and budgeting, tax planning, retirement and estate plan reviews, and targeted engagements like a one-time Student Loan Express for borrower repayment strategies. It markets both ongoing retainer arrangements and limited project engagements to match varying client needs, including a special retainer designed for early-career professionals transitioning to more comprehensive planning.
Investment advice is delivered on a non-discretionary basis and generally follows a passive, low-cost approach that emphasizes diversification, risk management, tax-awareness, and use of no-load mutual funds, government bonds and cash-equivalents; the firm typically recommends a custodian relationship (often Vanguard) but does not require clients to use any specific custodian. Account reviews and rebalancing are provided periodically or as needed, and the adviser does not take custody of client assets.
What is distinctive about this advisory practice is that it does not manage client assets nor charge percentage-of-assets-under-management fees—instead it relies on retainer and project fee arrangements with income- and net-worth-based components, an uncommon pricing model among independent advisory firms. The firm is a member of a fee-only planner alliance, operates under a fee-only (no commission) code, and emphasizes limited-authority execution and client approval for each trade.
Client services
Expertise
Demographic focus
Fee options
Financial Strategy Session at a flat fee (price not specifically stated); Student Loan Express Agreement: $500 for single borrower, $750 for married borrowers.
$0 - $14,999: $0 - $250 fee component $15,000 - $39,999: $550 fee component $40,000 - $89,999: $950 fee component $90,000 - $224,999: $1,600 fee component $225,000 - $449,999: $2,900 fee component $450,000 - $719,999: $3,550 fee component $720,000 - $1,079,999: $4,200 fee component $1,080,000 - $1,349,999: $5,500 fee component $1,350,000 - $1,799,999: $6,200 fee component $1,800,000 - $2,899,999: $7,800 fee component $2,900,000 - $4,499,999: $10,000 fee component $4,500,000 - $4,999,999: $12,500 fee component $5,000,000+: $15,000 fee component
Hourly fees range from $200 to $500 per hour for specific project requests.
Open Retainer fees paid quarterly; On Your Way Open Retainer fees paid quarterly.
Minimum fee: Minimum fee of $3,000 for Standard Retainer; minimum fee of $3,000 for On Your Way Open Retainer (sometimes negotiable) Fee-only: Fee-only holistic financial planning services; no commissions accepted.
Main office
Siesta Key FL
Advisors at this office
1
Most active in
Illinois
Also doing business as
Lake Life Wealth Advisory Group · Lake Life Wealth Advisory Group LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
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.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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