Lakewood Asset Management, LLC (Naperville)

Name: Lakewood Asset Management, LLC
Address: 225 W Jefferson Avenue, Suite 102, Naperville, IL, 60540
Telephone: 312-543-1772

Lakewood Asset Management, LLC is a large advisory firm based in Naperville. It manages $162.57 million of regulatory assets for 317 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois and Nebraska.

Lakewood Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lakewood Asset Management: assets under management

The assets under management (AUM) of Lakewood Asset Management, LLC is $162.57 million. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.32 million in discretionary accounts and $31.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $462.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $946.85 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lakewood Asset Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lakewood Asset Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Lakewood Asset Management is high net worth individuals with 36 clients and $137.99 million of assets under management. Among the 9 most similar advisory firms, Lakewood Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $162.57 million for 123 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lakewood Asset Management doesn't advise any private funds.

Careers at Lakewood Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Todd J Mick	Chief compliance officer	1 Feb 2015	Other	4942159
Greenview Llc	Member	1 Feb 2015	25% - 50%	61-1865885
Deerwood Asset Management Llc	Member	1 Nov 2015	25% - 50%	82-4045419
Securus Investment Management Llc	Member	1 Feb 2018	25% - 50%	20-5830502

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brooks Jason Call	Sole member	1 Nov 2015	75% - 100%	2735054
Michael Joseph Lannan	Sole member	1 Feb 2018	75% - 100%	2028037

Based in Naperville

The principal office where Lakewood Asset Management, LLC performs its advisory services is located at 225 W Jefferson Avenue, Suite 102, Naperville, IL 60540, which is also the mailing address of the firm. An additional office of the firm is in Omaha, NE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-543-1772. The normal business hours are 8:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at lakewoodasset.com.