Naperville, IL Office

Lakewood Asset Management serves individual and high‑net‑worth clients as well as trusts, estates, pension and charitable entities, managing roughly $249 million across about 155 client relationships with both discretionary and non‑discretionary portfolio management. Beyond asset management, the firm offers stand‑alone financial planning engagements that produce a bespoke written plan and do not require implementation through the firm.

The firm follows a bottom‑up, fundamental, long‑term value orientation, looking for undervalued companies and occasional special situations (for example, spin‑offs) and investing across equities, ETFs, closed‑end funds, REITs, MLPs and other securities. Portfolios are managed to individualized investment plans, allow client‑specific restrictions, and employ practices such as householding of related accounts for fee purposes and tax‑sensitive trading like loss harvesting.

Noteworthy features in the brochure include a relatively small adviser team managing institutional‑scale assets, explicit disclosure that some investment adviser representatives may also act as insurance agents and receive commissions (with conflict‑management procedures), and a trade‑error policy that directs any corrective gains to charity. The firm also highlights specialized analysis of closed‑end funds (discount/premium and leverage) and the use of third‑party technology platforms for reporting and account administration.