Fee-only adviser · Naperville, IL
Lakshmi Wealth Management LLC
Lakshmi Wealth Management LLC is a fee-only investment adviser registered with the securities regulator of Illinois, with its main office in Naperville, Illinois. On its latest Form ADV, filed May 3, 2024, it reports $29M in regulatory assets under management, 19 individual clients and 1 employee who gives 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 | State-registered: Illinois |
|---|---|
| Firm CRD number | 174249 |
| Office | 1267 Hamilton Lane Naperville, IL 60540 |
| Phone | (630) 430-8464 |
| Website | Not listed |
| Regulatory assets under management | $29M |
| Individual clients | 3 non-high-net-worth, 16 high-net-worth |
| Financial planning clients | 0 |
| How it charges | Percentage of assets |
| Services | Portfolio management |
| Employees | 1 |
| Disciplinary disclosures | Yes, see SEC record |
| Latest Form ADV filing | May 3, 2024 |
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 charges only as a percentage of the assets it manages. Ask about the fee schedule and any account minimum, which Form ADV Part 1 does not record.
- Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
- It reports disciplinary history on Form ADV. Read the disclosure details on its SEC record before you engage it.
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
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- Dhjj Financial Advisors $623M
- Lakewood Asset Management, LLC $249M
- Stone Island Financial Planning $134M
- Prairie Investment Advisors, LLC $104M
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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