Lake Street Advisors
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Overview
Lake Street Advisors operates as a financial advisory firm headquartered in Portsmouth, New Hampshire. The company administers $2.9 billion in assets over 1,862 client accounts, placing it among the biggest firms in the nation by assets under management (AUM). The firm has an average-sized team, including 21 financial advisors. Lake Street Advisors is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments like stocks, options and bonds.
Lake Street Advisors manages most of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell choices for the client's account without needing the client's consent. The firm also administers 787 non-discretionary accounts with a total of $1.8 billion in assets. Lake Street Advisors oversees an average of $1.6 million for each client account. The typical advisor at Lake Street Advisors manages around 89 client accounts.
Lake Street Advisors's central office is at 145 Maplewood Avenue, Portsmouth, New Hampshire 3801. The firm is legally allowed to provide services to customers across a number of states, including California, Florida, Massachusetts, New Hampshire and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lake Street Advisors by the Numbers
$2.9 billion
43
1,862
$1.6 million
Products and Services
Lake Street Advisors offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the prior financial year, the firm provided financial planning services to 51-100 of its customers. It is involved in selling products or offering services other than investment advisory services to its customers. It is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.
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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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees usually vary depending on which services the firm provides the client. However, fees billed by Lake Street Advisors may include the following fee types: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
It works with high net worth investors and pension plans. Out of its 1,862 accounts, Lake Street Advisors's largest client by number of accounts is high net worth investors, although it also caters to 74 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 98.67%
- Other Individuals - 0%
- Corporations - 1.33%
- 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
Lake Street Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Lake Street Advisors
Portsmouth, NH
Portsmouth, NH
Portsmouth, NH
Portsmouth, NH
Portsmouth, NH
Portsmouth, NH
Boston, MA
Portsmouth, NH
Portsmouth, NH
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