Lake Street Financial LLC
Lake Street Financial LLC (operating as Lake Street Private Wealth) is an SEC Registered Investment Adviser headquartered in Chicago, Illinois. Founded in 2017 by former Merrill advisors, the firm offers comprehensive wealth management and investment advisory services, primarily serving emerging and high-net-worth individuals, their families, and select institutions throughout the United States. As of mid-2024, the firm manages approximately $1 billion in assets and employs between 8–11 staff. Lake Street Private Wealth emphasizes an independent, client-partnered advisory approach free from corporate bureaucracy, seeking to act as a trusted, holistic advisor for all client financial affairs.
Investment Strategy
Lake Street Financial LLC employs a holistic and unbiased wealth management strategy, focused on delivering independent and comprehensive financial advice for high-net-worth individuals, families, and some institutional clients. The firm prioritizes close, long-term client relationships, customized financial planning, and consistent, transparent communication. Their approach leverages rigorous portfolio construction, broad investment selection, and ongoing financial planning to help clients acquire, grow, and preserve wealth. Independence from corporate mandates is a defining trait, allowing for truly client-centric advice and the flexibility to adapt strategies to each client's unique needs and goals.
Top Holdings
Equity Positions (253)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VTV | VANGUARD VALUE ETF | 5.99% | $42.1M | 238,302 | $140.13 | $176.74 | +$3.1M |
N NVDA | NVIDIA CORPORATION COM | 5.51% | $38.7M | 245,168 | $10.21 | $157.99 | +$12.2M |
V VUG | VANGUARD GROWTH ETF | 4.81% | $33.8M | 77,157 | $277.60 | $438.40 | +$6.0M |
A AAPL | APPLE INC COM | 4.36% | $30.7M | 149,472 | $76.76 | $205.17 | -$2.7M |
Q QQQ | INVESCO QQQ TRUST SERIES I | 3.02% | $21.2M | 38,453 | $291.54 | $551.64 | +$3.7M |