Lago Asset Management
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Overview
Lago Asset Management is a financial advisory firm headquartered in Chicago, Illinois. The company administers $316.6 million in assets throughout 12 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). Lago Asset Management has a small team, including 9 financial advisors. Lago Asset Management is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are exchangable financial assets such as bonds, stocks and options.
Lago Asset Management administers all of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction judgments for the client's account are made by an investment advisor without needing client authorization. The firm oversees an average of $26.4 million for each client account. An average advisor at Lago Asset Management oversees about one client account, placing it among the most personalized financial advisor firms in the country.
Lago Asset Management's main office is located at 211 West Wacker Drive, Chicago, Illinois 60606. The company is permitted to serve customers across a few states, including Georgia and Illinois.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lago Asset Management by the Numbers
$316.6 million
10
12
$26.4 million
Fee Structure
A financial advisor's fees largely vary depending on which services are offered. However, fee types charged by the company likely include some combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with pooled investment vehicles. Out of its 12 accounts, Lago Asset Management's largest client group by number of accounts is pooled investment vehicles. None of the firm's clients are from outside of the U.S.
- 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
Lago Asset Management does not have any disclosures.
Please visit its Form ADV for more details.
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