Third Lake Partners, LLC
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Overview
Third Lake Partners, LLC is a financial advisor firm based in Tampa, Florida. Third Lake Partners, LLC controls $2.2 billion in assets throughout 44 client accounts, making it one of the biggest firms in the nation by assets under management (AUM). The company has a small team, including 11 financial advisors. Third Lake Partners, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments such as options, bonds and stocks.
Third Lake Partners, LLC administers more than half of its accounts in a discretionary manner. Discretionary management signifies that transaction choices for the client's account are made by an investment advisor without requiring client approval. The firm also administers three non-discretionary accounts with a total of $223.3 million in AUM. The firm supervises roughly $49.3 million for every client account. An average advisor at Third Lake Partners, LLC manages about four client accounts, making it one of the most individualized financial advisor firms in the country.
The company's main office is located at 1600 E 8Th Ave, Tampa, Florida 33605. The firm is legally permitted to serve clients in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Third Lake Partners, LLC by the Numbers
$2.2 billion
19
44
$49.3 million
Products and Services
Third Lake Partners, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters and educational seminars. In the last fiscal year, Third Lake Partners, LLC provided financial planning services to 1-10 of its accounts. It does not sell products or offer services aside from investment advice to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely vary depending on the type of services provided. However, fees charged by the firm likely consist of the following fee types: asset-based, hourly, fixed or performance-based. The company does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Third Lake Partners, LLC provides services to pooled investment vehicles and corporations. Out of its 44 accounts, Third Lake Partners, LLC's biggest client group by number of accounts is pooled investment vehicles. None of the company's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Third Lake Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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