Lake Avenue Financial Llc
- Regulatory AUM
- $155M
- Discretionary
- $155M
- Clients
- 294
- Avg AUM / client
- $526K
- Accounts
- 731
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Mar 23, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 257 | $64.6M | 41.7% |
| High net worth individuals | 36 | $79.9M | 51.6% |
| Banking or thrift institutions | 1 | $10.3M | 6.63% |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Alex Bedo Chalekian | Managing Member | Jun 2021 (5y) | 75% or more | |
| Chalekian, Rosa, Icela | Cco | Jul 2021 (5y) | Less than 5% | |
| Justin Kyle Vestman | Registered representative | Jan 2022 (5y) | ||
| Traci Lynn Kaas | Registered representative | Jan 2024 (3y) | ||
| Chris V Varjabedian | Registered representative | Apr 2025 (1y) | ||
| Jason Robert Sikma | Registered representative | Jul 2025 (1y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/23/2026 | 995 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Truist Financial Corp $80.6M (52% of AUM) Mar 2026
- Altruist Financial $80.6M (52% of AUM) Mar 2026
- Fidelity Distributors Company Llc $70.0M (45% of AUM) Mar 2026
- LPL Financial $4.1M (3% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 23, 2026.
View current Form ADV (SEC/IAPD) ↗