Lake Street

Lake Street Private Wealth, LLC is a Registered Investment Adviser based in Chicago, Illinois, established in the spring of 2018. The firm offers discretionary investment management services, non-discretionary assets under advisement services, ERISA co-fiduciary 3(21) investment advisor services, and financial planning to various clients, including individuals, high net worth individuals, business entities, and charitable organizations. Clients are required to enter into written agreements with Lake Street before engaging in any investment advisory services. The firm uses various tools to determine clients' risk parameters and investment objectives, including in-person meetings and risk profiles. Lake Street primarily allocates client assets among individual equities, exchange-traded funds, individual debt securities, and mutual funds based on client investment objectives. The firm may also provide non-discretionary advisement services for assets held outside of its selected custodian. Additionally, Lake Street may act as an ERISA co-fiduciary 3(21) investment advisor and an ERISA Section 3(38) Investment Manager for retirement plans. The firm offers financial planning and consulting services covering various financial matters. Lake Street does not charge performance-based fees and does not take custody of client assets. The firm uses Raymond James and Charles Schwab as custodians for client assets. Lake Street's fee structure includes an annual advisory fee based on the value of assets under management, with fees charged monthly in advance. The firm does not pay referral fees and does not vote proxies for clients. Clients are encouraged to review their accounts regularly, and the firm conducts account reviews at least quarterly for investment management clients. Lake Street maintains a privacy policy to keep client information confidential unless authorized or required by law to disclose it. For more information, clients can contact Justin M. Terzo or Joseph D. Stock at 312-766-7040 or [email protected].