DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Lake Street
Legal name Lake Street Private Wealth, LLC
Latest filing Jul 6, 2026
First filing on the tape Apr 16, 2018 · 23 filings
SEC status approved since May 16, 2018
RAUM
$1.2B
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
87%
$1.0B individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$193M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$1.2B as of Jul 6, 2026
Feb 22, 2019$232M then
HNW client RAUM$920M as of Jul 6, 2026
Feb 22, 2019$180M then
State-registered IARs (5.B.3)6 as of Jul 6, 2026
Feb 22, 20193 then
Employees (5.A)9 as of Jul 6, 2026
Feb 22, 20194 then
Private funds: no history
RAUM +20% over the last fiscal year+13% a year over threeIARs 6 to 6offices 1 to 2
Practice profile
derived from the filing of Jul 6, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $193MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 100derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.1MderivedHNW RAUM over HNW clients
- Average account
- $575,883derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 89%derivedof RAUM
- Institutional
- 12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +19%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
- Custody
- $105M, 88 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$920M79%
- Pension and profit-sharing plans$134M12%
- Individuals$93.0M8.0%
- Corporations and businesses$6.6M0.6%
- Charitable organizations$4.7M0.4%
- Insurance companies$14,9210.0%
- Individual clients
- 304reported
- HNW clients
- 294reported
- Pension plan clients
- 15reported
- Charitable clients
- n/areported
- Accounts
- 2,012reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $105M for 88 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.87 fund_share=0.0 institutional_share=0.12 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Justin Michael Terzo | Chicago, Il | May 16, 2018 | 17 y | 2 |
| Joseph David StockCertified Financial Planner | Chicago, Il | May 16, 2018 | 14 y | 3 |
| Donald Lee Roseen | Chicago, Il | Sep 14, 2018 | 27 y | 3 |
| Richard S O'HaraCertified Financial Planner | Chicago, Il | Apr 24, 2019 | 17 y | 3 |
| Ryan Nelson Todd | Chicago, Il | Oct 1, 2020 | 26 y | 1 |
| Anuj Dave GroverCertified Financial Planner | Chicago, Il | Sep 1, 2021 | 25 y | 1 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount4 left over 36 months
Left, latest
- Jacob Lee Hartke to LPL Financial LLCJan 30, 2026 · RIA to affiliated broker-dealer or bank
- Stephen Matthew Weber to Vestgen Advisors, LLCSep 20, 2024 · RIA to RIA
- Brian Nicholas Degrado to Vestgen Advisors, LLCSep 20, 2024 · RIA to RIA
- Erik Gutierrez to Vestgen Advisors, LLCSep 20, 2024 · RIA to RIA
- Matthew Heise to Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 21, 2020 · RIA to wirehouse
- Bradley Charles Tipple to Api Financial Advisors, LLCJul 23, 2020 · RIA to RIA
Joined, latest
- Jacob Lee Hartke from Elevation Point Wealth Partners, LLCJun 2, 2025 · RIA to RIA
- Stephen Matthew Weber from Raymond James & Associates, Inc.Nov 9, 2021 · Affiliated broker-dealer or bank to independent RIA
- Brian Nicholas Degrado from Raymond James & Associates, Inc.Nov 1, 2021 · Affiliated broker-dealer or bank to independent RIA
- Anuj Dave Grover from Wells Fargo AdvisorsSep 1, 2021 · Wirehouse to independent RIA
- Ryan Nelson Todd from Merrill Lynch, Pierce, Fenner & Smith IncorporatedOct 1, 2020 · Wirehouse to independent RIA
- Matthew Heise from Merrill Lynch, Pierce, Fenner & Smith IncorporatedAug 3, 2020 · Wirehouse to independent RIA
- Bradley Charles Tipple from Robert W. Baird & Co. IncorporatedJul 14, 2020 · Other
- Richard S O'Hara from Merrill Lynch, Pierce, Fenner & Smith IncorporatedApr 24, 2019 · Wirehouse to independent RIA
- Donald Lee Roseen from United Advisors Services, LLCSep 14, 2018 · RIA to RIA
- Justin Michael Terzo from United Advisors Services, LLCMay 16, 2018 · RIA to a newly registered adviser
- Joseph David Stock from United Advisors Services, LLCMay 16, 2018 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Vestgen Advisors, LLCSep 20, 2024 · Chicago, Il
- 2 joined from Raymond James & Associates, Inc.Nov 11, 2021 · Chicago, Il
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Joseph Stock · Managing Partner, Chief Compliance Officercontrolsince 04/2018 · owns 10% to 25%
- Michael Justin Terzo · Managing Partner, Chief Investment Officercontrolsince 04/2018 · owns 75% or more
Related persons
Schedule D 7.A
- Lake Street Capital Management, LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Chicago, Il · principal | 6 | 0 | 0 | ||
| Fairmont, Mn | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Jul 6, 2026custody of client assets (Item 9.A): no on the filing of 2026-03-23, yes on the filing of 2026-07-06peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Custody of client assets · false to trueMar 23, 2026 to Jul 6, 2026
- Other offices · 1 to 2Mar 23, 2026 to Jul 6, 2026
- Accounts · 1,595 to 2,012Jun 2, 2025 to Mar 23, 2026
- HNW clients · 270 to 294Jun 2, 2025 to Mar 23, 2026
- Individual clients · 231 to 304Jun 2, 2025 to Mar 23, 2026
- Pension plan clients · 11 to 15Jun 2, 2025 to Mar 23, 2026
- Assets in custody · unset to 104908094.0Jun 2, 2025 to Mar 23, 2026
- Employees · 8 to 9Jun 2, 2025 to Mar 23, 2026
- Discretionary RAUM · $819M to $1.0BJun 2, 2025 to Mar 23, 2026
- HNW RAUM · $694M to $920MJun 2, 2025 to Mar 23, 2026
- Individual RAUM · $74.1M to $93.0MJun 2, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $143M to $128MJun 2, 2025 to Mar 23, 2026
- Pension RAUM · $144M to $134MJun 2, 2025 to Mar 23, 2026
- RAUM · $962M to $1.2BJun 2, 2025 to Mar 23, 2026
- Financial planning clients · 1-10 to 1-10Feb 20, 2025 to Jun 2, 2025
- Accounts · 1,978 to 1,595Feb 20, 2024 to Feb 20, 2025
- Advisory employees · 9 to 6Feb 20, 2024 to Feb 20, 2025
- HNW clients · 308 to 270Feb 20, 2024 to Feb 20, 2025
- Individual clients · 245 to 231Feb 20, 2024 to Feb 20, 2025
- Employees · 11 to 8Feb 20, 2024 to Feb 20, 2025
- State-registered IARs · 9 to 6Feb 20, 2024 to Feb 20, 2025
- Discretionary RAUM · $946M to $819MFeb 20, 2024 to Feb 20, 2025
- HNW RAUM · $862M to $694MFeb 20, 2024 to Feb 20, 2025
- Individual RAUM · $69.7M to $74.1MFeb 20, 2024 to Feb 20, 2025
- Non-discretionary RAUM · $54.3M to $143MFeb 20, 2024 to Feb 20, 2025
- Pension RAUM · $60.5M to $144MFeb 20, 2024 to Feb 20, 2025
- RAUM · $1.0B to $962MFeb 20, 2024 to Feb 20, 2025
- Legal name · LAKE STREET FINANCIAL, LLC to LAKE STREET PRIVATE WEALTH, LLCFeb 15, 2024 to Feb 20, 2024
- Accounts · 1,730 to 1,978Mar 17, 2023 to Feb 15, 2024
- HNW clients · 235 to 308Mar 17, 2023 to Feb 15, 2024
- Individual clients · 296 to 245Mar 17, 2023 to Feb 15, 2024
- Discretionary RAUM · $755M to $946MMar 17, 2023 to Feb 15, 2024
- HNW RAUM · $692M to $862MMar 17, 2023 to Feb 15, 2024
- Individual RAUM · $54.1M to $69.7MMar 17, 2023 to Feb 15, 2024
- Non-discretionary RAUM · $41.0M to $54.3MMar 17, 2023 to Feb 15, 2024
- Pension RAUM · $44.5M to $60.5MMar 17, 2023 to Feb 15, 2024
- RAUM · $796M to $1.0BMar 17, 2023 to Feb 15, 2024
- Accounts · 1,714 to 1,730May 16, 2022 to Mar 17, 2023
- Advisory employees · 7 to 9May 16, 2022 to Mar 17, 2023
- HNW clients · 208 to 235May 16, 2022 to Mar 17, 2023
Signals
9 dated events
- Jacob Lee Hartke left Lake Street for Lpl Financial Llc (registered 2026-02-02)Jan 30, 2026 · Advisor changed firm · fact
- Stephen Matthew Weber left Lake Street for Vestgen Advisors, Llc (registered 2024-09-22)Sep 20, 2024 · Advisor changed firm · fact
- Brian Nicholas Degrado left Lake Street for Vestgen Advisors, Llc (registered 2024-09-22)Sep 20, 2024 · Advisor changed firm · fact
- Erik Gutierrez left Lake Street for Vestgen Advisors, Llc (registered 2024-09-22)Sep 20, 2024 · Advisor changed firm · fact
- 3 advisors left Lake Street (Chicago, IL) for Vestgen Advisors, LLC on the same daySep 20, 2024 · Team lift-out · derived
- Lake Street reported RAUM $1.0B, up 26% from $796.4M (2023-03-17 to 2024-02-15)Feb 15, 2024 · RAUM change · derived
- Lake Street reported RAUM $880.8M, up 73% from $509.8M (2022-01-06 to 2022-01-31)Jan 31, 2022 · RAUM change · derived
- Lake Street reported RAUM $509.8M, up 36% from $375.7M (2020-07-14 to 2021-02-11)Feb 11, 2021 · RAUM change · derived
- Lake Street filed its initial SEC registration (Form ADV)Apr 16, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@lakest.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 312-766-7040reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/LSFreportedpublic record, Form ADV, Sep 17, 2026
- Website
- LAKEST.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 312-766 7040reportedpublic record, Form ADV, Jul 6, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $193Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026