L
Lakes Wealth Advisory, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$26,992,555
Clients
7
100% 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
7
LowAverage account size
$3,856,079
About
Lakes Wealth Advisory provides discretionary investment management and financial planning services to individuals (including high‑net‑worth clients), trusts and estates, pension and profit‑sharing plans, 501(c)(3) non‑profit organizations, and corporations. Services described in the brochure include customized portfolio construction using mutual funds, ETFs, individual stocks and bonds, ongoing portfolio supervision, and standalone or bundled financial planning/consulting engagements.
The firm generally pursues a long‑term investment orientation while permitting shorter‑term trades for rebalancing or client cash needs, and uses both fundamental and technical analysis in its due diligence and portfolio decisions. It documents client goals and constraints in an investment policy statement, establishes strategic asset allocations, provides ongoing monitoring, and may employ margin, concentrated positions, or alternative investments where appropriate; the brochure notes a $2,000,000 minimum account size for advisory relationships.
Compared with many independent peers, Lakes Wealth Advisory explicitly includes institutional clients—pension and profit‑sharing plans, non‑profit organizations and corporate cash reserves—in its client base, a relatively uncommon offering for firms in this category. The firm also operates through institutional custody/execution platforms (Charles Schwab and Altruist) and notes that the principal maintains university teaching and a separate content business that may be used or licensed by the firm, features the brochure identifies as part of its operational profile.
Client services
Financial planning
Portfolio management
Expertise
Concentrated stock management
Fee options
Financial planning or consulting fees generally range from $5,000 to $25,000
$0+: 0.25% +: 1.50%
$250 per hour for financial planning cancellation fees
Account minimum: $2,000,000
Main office location
Lakes Wealth Advisory, LLC
Katy TX, United States
Number of offices
1
Most active in
Lakes Wealth Advisory, LLC has reported serving >5 clients in these states in the last 12 months.
Texas
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 not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
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.
-
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.
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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
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