Fee-only adviser · Naperville, IL
Lakewood Asset Management, LLC
Lakewood Asset Management, LLC is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Naperville, Illinois. On its latest Form ADV, filed August 25, 2026, it reports $249M in regulatory assets under management, 155 individual clients and 4 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 174887 · SEC file 801-113632 |
| Office | 225 W Jefferson Avenue, Suite 102 Naperville, IL 60540 |
| Phone | (312) 543-1772 |
| Website | www.lakewoodasset.com |
| Regulatory assets under management | $249M ($229M discretionary) |
| Individual clients | 85 non-high-net-worth, 70 high-net-worth |
| Financial planning clients | 0 |
| How it charges | Percentage of assets, Fixed fee |
| Services | Financial planning, Portfolio management |
| Employees | 5 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | August 25, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
- It provides financial planning services, not only portfolio management.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Naperville
- Stenger Family Office, LLC $735M
- Lantz Financial LLC $994M
- Dhjj Financial Advisors $623M
- Stone Island Financial Planning $134M
- Prairie Investment Advisors, LLC $104M
- Kadisak Financial Services, Inc. $66M
See all 16 fee-only advisers in Naperville →
Nearby
- Warrenville 2 firms
- Lisle 4 firms
- Batavia 2 firms
- Wheaton 4 firms
- Bolingbrook 1 firm
- Aurora 3 firms
- Glen Ellyn 3 firms
- Woodridge 1 firm
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