July 19, 2021
Lake Street is excited to share that it has been recognized as No. 16 on Financial Advisor Magazine's 2021 Top 50 Fastest-Growing Firms list.
FA's Top 50 Fastest-Growing Firms list recognizes the top independent wealth management firms throughout the United States based on yearly growth. By the end of 2020, Lake Street's team grew to 33 professionals, managing $2.9B in assets for high net-worth entrepreneurs and executives. Our growth over the past year is a direct result of the hard work we do for our clients each day.
Additionally, Lake Street has been named No. 153 in FA’s 2021 Annual RIA Ranking.
Financial Advisor’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA's RIA ranking orders firms from largest to smallest, based on AUM reported to them by firms that voluntarily complete and submit FA's survey by their deadline. Financial Advisor does its best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2020 to be included in the print edition of Financial Advisor Magazine's 2021 RIA survey. Firms with under $500 million will be included in FA's expanded 2021 online RIA survey.