Lake Road Advisors

Retirement Planning Firm in Ithaca, NY

Firm Info
Address: 409 Taughannock Blvd, Ithaca, NY 14850, USA
Phone: (607) 438-2914

Firm Size
Assets Under Management: $61.4 million
# of Advisors: 2
# of Clients: 105
Client to Advisor Ratio: 53:1
Average Account Size: $584,969
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Pension Consulting Services
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)

Get Connected with a Financial Advisor

* required fields

Lake Road Advisors, LLC Overview

Lake Road Advisors, LLC is a newly established and registered investment advisory firm with its headquarters located in Corning, NY. The firm's main areas of expertise revolve around investment advice, making it an ideal partner for individuals and small businesses looking for professional guidance on their financial journeys. As part of its commitment to transparency, Lake Road Advisors operates on a fee-only basis, ensuring clients are charged only for the services they receive. The firm offers a range of services, including financial planning assistance, portfolio management, pension consulting services, and the selection of other advisors. Lake Road Advisors is equipped with a team of seasoned investment professionals who bring years of experience and industry knowledge to the table. The team's primary focus is to help each client achieve their unique financial objectives by providing tailored guidance and recommendations that fit their specific needs. Despite being in operation for only a short time since 2019, Lake Road Advisors has established a reputation for providing personalized and reliable financial advisory services, delivering practical solutions to clients. The firm's dedication to quality, transparency, and client satisfaction has helped it build a loyal and growing clientele base within a short time. Whether you're looking to grow your wealth, save for retirement, or start your investment journey, Lake Road Advisors is a trusted partner that can provide the guidance you need.

Lake Road Advisors, LLC is a comprehensive financial planning firm that caters to a diverse range of clients. From individuals seeking basic financial consultation to high net worth individuals, pension or profit sharing plans, the firm provides customized financial planning services to all. By considering each client's unique circumstances and needs, Lake Road Advisors, LLC aims to develop practical investment and financial strategies tailored to their clients' precise goals. The firm also serves clients with a range of fee structures. Depending on the service provided, clients may choose between a percentage of Assets Under Management (AUM) or fixed fees. Lake Road Advisors, LLC's financial advisors work closely with clients to identify the most suitable payment method, ensuring that the fee structure corresponds to their priorities and resources. As a result, clients receive customized financial solutions that are tailored to their specific goals and budgets.

Typical Clients, Fee Structures & Investment Minimum

According to LAKE ROAD ADVISORS, LLC's Part 2 Brochure, there is no mention of an investment minimum. Therefore, it is unclear what the firm's investment minimum may be. Clients who are interested in working with LAKE ROAD ADVISORS, LLC may need to contact the firm directly to obtain further information about any investment minimums or other requirements.

How This Office Can Help Ithaca, NY Residents

Lake Road Advisors provides expert financial advice and investment management services to clients in Ithaca, NY, helping them navigate the unique financial challenges that come with living in a college town with a thriving arts scene. We understand that many of our clients in Ithaca may have significant student loan debt or irregular income streams because of a reliance on part-time or seasonal work. We work closely with our clients to help them develop personalized financial plans that address these concerns and ensure they are able to reach their financial goals, whether that means buying a home, starting a business, or saving for retirement. In addition to providing investment management and financial planning services, Lake Road Advisors also offers tax planning and estate planning guidance. Many of our clients in Ithaca are academics or artists who may have complex tax situations, and we are well-equipped to help them navigate these issues. We also provide assistance with estate planning, including drafting wills and trusts, to ensure that our clients can preserve their wealth and pass it on to their loved ones. Overall, we take pride in offering comprehensive, customized financial advice and investment management services that help our clients in Ithaca, NY, achieve their long-term financial goals.

To view the Minimum Investment and Fee Schedule for Lake Road Advisors, LLC, visit their Part 2 Brochure.

Services Offered by Lake Road Advisors, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Lake Road Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 409 Taughannock Blvd, Ithaca, NY 14850, USA
Phone (607) 438-2914
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

Firm Headquarters
Firm headquarters location 5 EAST MARKET STREET, SUITE 229, CORNING, NY 14830, United States

This firm has no other locations.

State Registrations

Lake Road Advisors, LLC is registered to service clients in the following states:

  • New York
  • Oregon
  • Pennsylvania
  • Texas

Disciplinary History

Lake Road Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.