Lake Water Advisory, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$58,969,000
Clients
97
Advisors
2
of 3 employees
About
Lake Water Advisory provides discretionary investment management, financial planning and retirement‑plan advisory to individuals (including high‑net‑worth clients), businesses and retirement plans. The firm builds customized portfolios primarily from low‑cost mutual funds and ETFs and will, where appropriate, incorporate individual stocks or bonds or recommend unaffiliated independent managers to implement client strategies.
The firm’s investment process is generally long‑term oriented and combines fundamental and technical analysis to develop diversified, tax‑sensitive allocations, with periodic rebalancing and ongoing monitoring. Lake Water Advisory typically manages accounts on a discretionary basis, may use cash positions as hedges, and documents client objectives, risk tolerance and portfolio restrictions in its advisory agreements.
Distinctive features include a small, two‑advisor team overseeing roughly $82.6 million in assets and one advisor with legal and advanced business training alongside the founder/CCO. The brochure discloses that advisory persons are licensed insurance professionals who may earn commissions on insurance sales (a disclosed conflict of interest), and the firm notes an institutional relationship with its recommended custodian and use of referral arrangements; the firm’s use of endorsements in advertising is also an uncommon practice among peers.
Client services
Expertise
Fee options
Financial planning fixed fees ranging from $3,200 to $8,000 per engagement
$0 - $500,000: 1.25% $500,001 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.85% $2,000,001 - $3,000,000: 0.75% $3,000,001 - $4,000,000: 0.65% $4,000,001+: 0.55%
Commissions earned by advisory persons from insurance sales separate from advisory fees
Fee-only: Financial planning fixed fees ranging from $3,200 to $8,000 per engagement
Main office
3001 Founders Club Drive
Sarasota FL 34240
Advisors at this office
2
Most active in
Florida · New York
Also doing business as
Lake Water Advisory, LLC · Lake Water Capital · Lake Water Capital, 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 active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Daniel B
CFP®, Series 63
Sarasota, FL
Lake Water Advisory, LLC
Daniel Bennett is a CFP® with 16 years of experience in the financial services industry. He is currently with Lake Water Advisory, LLC and has previously worked at Cambridge Investment Research Advisors, Cambridge Investment Research, MML Investor Services, LLC, and Mass Mutual Life Insurance Company. In addition to his advisory work, he is an independent insurance agent representing various insurance companies. Lake Water Advisory provides discretionary investment management, financial planning, and retirement-plan advisory services to individuals, businesses, and retirement plans. The firm focuses on customized portfolios using low-cost mutual funds and ETFs, with a long-term, tax-sensitive investment approach managed by a small team of two advisors.
Eric K
Series 65
Sarasota, FL
Lake Water Advisory, LLC
Eric Kinsey is a financial advisor at Lake Water Advisory, LLC with a Series 65 designation and approximately one year of industry experience. His background includes roles at Labaton Keller Sucharow, Ranch Capital Advisors, and Wilmington Trust, as well as legal and accounting experience through his own law and CPA firms. Outside of advising, he operates Kinsey's Kitchen, LLC. Lake Water Advisory serves individuals, businesses, and retirement plans by providing discretionary and non-discretionary investment management, financial planning, and retirement plan advisory services. The firm manages around $60.5 million for approximately 162 client relationships, utilizing low-cost, diversified mutual funds and ETFs alongside individual securities, with a long-term investment approach.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor's Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and referrals are provided by FinanceHQ LLC ("FHQ"), a wholly-owned subsidiary of Warmer and an SEC-registered investment adviser. We may be compensated by participating advisors. You pay no fee to use our matching service, and advisor fees are not increased because of a referral. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to the Warmer Terms of Service and FHQ Advisory Agreement, and acknowledge Warmer's Privacy Policy. Please review FHQ's ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. ("Warmer")