Lake Capital Management LLC (Chicago)

Name: Lake Capital Management LLC
Address: 875 North Michigan Avenue, Chicago, IL, 60611 1957
Telephone: 312-640-7050

Lake Capital Management LLC is a large advisory firm based in Chicago. It manages $291.79 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Lake Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lake Capital Management: assets under management

The assets under management (AUM) of Lake Capital Management LLC is $291.79 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $291.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $145.89 million each.

Lake Capital Management has custody of $291.79 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lake Capital Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lake Capital Management serves?

The only and largest group of clients of Lake Capital Management is pooled investment vehicles with 2 clients and $291.79 million of assets under management. Among the 11 most similar advisory firms, Lake Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $291.79 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Lake Capital Management also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Lake Capital Management LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. No 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
Paul George Yovovich	President and member of lake capital management llc	1 Jun 2001	50% - 75%	849361
Llc Lake Creek	Member of lake capital management llc	1 Jun 2001	50% - 75%	xxx-xx-xxxx
Terence Michael Graunke	Member of lake capital llc	1 Aug 2002	50% - 75%	6001033
Paul George Yovovich	Member of lake capital llc	1 Aug 2002	50% - 75%	849361
Michael John Hayes	Chief financial officer of lake capital management llc	1 Apr 2005	Other	6001036
Michael John Hayes	Chief compliance officer of lake capital management llc and lake capital llc	1 Feb 2012	Other	6001036

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Terence Michael Graunke	Sole member	1 Jun 2001	75% - 100%	6001033

Based in Chicago

The principal office where Lake Capital Management LLC performs its advisory services is located at 875 North Michigan Avenue, Chicago, IL 60611 1957, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-640-7050 or by fax 312-640-7051. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at lakecapital.com.