{"url":"https://nivawealth.com/firms/lake-avenue-financial-315746","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/315746","regulatoryAum":154709844,"crd":"315746","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2956935","suffix":null,"lastName":"CHALEKIAN","firstName":"ALEX","middleName":"BEDO"},{"crd":"5640507","suffix":null,"lastName":"KAAS","firstName":"TRACI","middleName":"LYNN"},{"crd":"5970951","suffix":null,"lastName":"SIKMA","firstName":"JASON","middleName":"ROBERT"},{"crd":"5617262","suffix":null,"lastName":"VARJABEDIAN","firstName":"CHRIS","middleName":"V"},{"crd":"5309237","suffix":null,"lastName":"VESTMAN","firstName":"JUSTIN","middleName":"KYLE"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-07-25","regulatoryAum":107431048,"clients":238,"employees":6,"offices":2},{"filedOn":"2023-03-28","regulatoryAum":102410948,"clients":271,"employees":7,"offices":3},{"filedOn":"2024-07-12","regulatoryAum":115190534,"clients":288,"employees":5,"offices":3},{"filedOn":"2025-07-15","regulatoryAum":137894580,"clients":273,"employees":5,"offices":4},{"filedOn":"2026-03-23","regulatoryAum":154709844,"clients":294,"employees":5,"offices":4}],"secFileNumber":"801-122031","legalName":"Lake Avenue Financial LLC","displayName":"Lake Avenue Financial","slug":"lake-avenue-financial-315746","website":"https://lakeave.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/315746/d6d80b2ebbeb2094-r1.webp","tone":"light","width":1104,"height":200,"sourceUrl":"https://www.lakeave.com/","sourceLabel":"Lake Avenue Financial LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/lake-ave","xUrl":"https://x.com/Lake_Avenue","founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"301 N Lake Ave, Suite 830","city":"Pasadena","state":"CA","stateName":"California","country":"United States","postalCode":"91101"},"tradeNames":["First Team Advisors","Sikma Sound Financial"],"registration":{"secApproved":"6 August 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":493015.25597269624,"staff":{"employees":5,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":2},"aum":{"regulatory":154709844,"discretionary":154709844,"discretionaryAccounts":731,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":6},"clientTypes":[{"label":"Individuals (other than HNW)","clients":257,"regulatoryAum":64568581},{"label":"High-net-worth individuals","clients":36,"regulatoryAum":79884889},{"label":"Banking or thrift institutions","clients":1,"fewerThan5":true,"regulatoryAum":10256374}],"feePrograms":[{"role":"main","program":"Portfolio management services","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1023283","versionId":1023283,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-03-23","documentName":"LAKE AVENUE FINANCIAL ADV PART 2A AND APPENDIX 1 BROCHURE","fee_rate_low":null,"fee_rate_high":1.75,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning and consulting","summary":"Negotiable fixed fee of up to $20,000, or an hourly fee of up to $600.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1023283","versionId":1023283,"submittedOn":"2026-03-23","documentName":"LAKE AVENUE FINANCIAL ADV PART 2A AND APPENDIX 1 BROCHURE"},{"role":"other","program":"Lake Avenue Academy subscription","summary":"Academy is $499 a year and Blueprint is $999, payable annually.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1023283","versionId":1023283,"submittedOn":"2026-03-23","documentName":"LAKE AVENUE FINANCIAL ADV PART 2A AND APPENDIX 1 BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:01:33.406569+00:00","documents":[{"name":"LAKE AVENUE FINANCIAL ADV PART 2A AND APPENDIX 1 BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1023283","versionId":1023283,"submittedOn":"2026-03-23"}]},"custodians":[{"name":"Altruist Financial LLC","shortName":"Altruist","location":"Culver City, CA","smaAssets":80637659},{"name":"Fidelity Distributors Company LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":70012832},{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Fort Mill, SC","smaAssets":4059353}],"custodyNote":"Lake Avenue Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Alex Chalekian","title":"Managing Member/CCO","crd":"2956935"},{"name":"Rosa Chalekian","title":"COO","crd":"5873454"}],"ownership":[{"label":"Alex Chalekian","detail":"Managing member/cco in the 75% or more ownership band and a control person, since June 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":2},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"301 N Lake Ave, Suite 830","city":"Pasadena","headquarters":true},{"street":"21550 W Oxnard Street","city":"Woodland Hills"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"626-689-2012","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":18},{"label":"Securities issued by registered investment companies or business development companies","percent":79},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"23 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/315746/PDF/315746.pdf","brochureDate":"23 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1023283","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Lake Avenue Financial have?","answer":"Lake Avenue Financial has 294 clients and manages $155 million for them, as of March 2026. They include 257 individual clients, 36 high-net-worth individuals and 1 banking or thrift institution.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Lake Avenue Financial offer?","answer":"Lake Avenue Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Lake Avenue Financial charge?","answer":"Lake Avenue Financial charges up to 1.75% a year for its Portfolio management services. The fee is billed in advance or in arrears and is negotiable.","source":"LAKE AVENUE FINANCIAL ADV PART 2A AND APPENDIX 1 BROCHURE, filed 23 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Lake Avenue Financial use?","answer":"Lake Avenue Financial’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $80.6M, Fidelity Distributors Company LLC (Smithfield, RI), with $70M and LPL Financial LLC (Fort Mill, SC), with $4.06M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Lake Avenue Financial have?","answer":"Lake Avenue Financial has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Lake Avenue Financial invest in?","answer":"At the end of its last fiscal year, Lake Avenue Financial’s separately managed accounts held 79% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities and 3% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Lake Avenue Financial?","answer":"Lake Avenue Financial’s direct owner is Alex Chalekian (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Lake Avenue Financial get paid?","answer":"Lake Avenue Financial is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Lake Avenue Financial?","answer":"Lake Avenue Financial’s main office is at 301 N Lake Ave, Suite 830, Pasadena, CA 91101. Its phone number is 626-689-2012. Its website is lakeave.com.","source":"Form ADV Part 1A, Item 1.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}