Clients
Ottawa Avenue Private Capital serves 94 clients, 60 of them high-net-worth individuals. The average client has about $244 million with the firm, and high-net-worth clients hold 26% of its $22.9 billion in assets.
- High-net-worth individuals60 clients26%
- Pooled investment vehicles31 clients74%
- Charitable organizations3 clients0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 60 | $5,937,230,944 | 25.9% | $99.0M |
| Pooled investment vehicles | 31 | $16,977,523,287 | 74.0% | $547.7M |
| Charitable organizations | 3 | $31,624,758 | 0.1% | $10.5M |
| Total | 94 | $22,946,378,989 | 100% | $244.1M |
- Clients
- 60
- Regulatory AUM
- $5,937,230,944
- Share
- 25.9%
- Avg. per client
- $99.0M
- Clients
- 31
- Regulatory AUM
- $16,977,523,287
- Share
- 74.0%
- Avg. per client
- $547.7M
- Clients
- 3
- Regulatory AUM
- $31,624,758
- Share
- 0.1%
- Avg. per client
- $10.5M
Total
- Clients
- 94
- Regulatory AUM
- $22,946,378,989
- Share
- 100%
- Avg. per client
- $244.1M
What it does
Ottawa Avenue Private Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.
Ottawa Avenue Private Capital advises 28 private funds.
74.5% of assets ($17.10B across 31 accounts) are managed with discretion; $5.84B across 63 accounts are not. 6% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks34%
- Non-exchange-traded equities29%
- Exchange-traded equities5%
- Funds66%
Custodians
Ottawa Avenue Private Capital has custody of $12.69B for 28 clients.
- All other custodians$22.95B100%
Ownership and leadership
Wakestream Holdings, Inc. owns 75% or more of Ottawa Avenue Private Capital, and Randall Damstra is its CEO.
- Owns 75% or more of Ottawa Avenue Private Capital, LLC
Wakestream Holdings, Inc.
Control person · since January 2020
- Owns 25% to 50% of Wakestream Holdings, Inc.
JR. Devos
Control person · since January 2020
- Owns 25% to 50% of Wakestream Holdings, Inc.
Daniel Devos
Control person · since January 2020
- Owns 25% to 50% of Wakestream Holdings, Inc.
Douglas Devos
Control person · since January 2020
- Owns 25% to 50% of Wakestream Holdings, Inc.
Suzanne Devos
Control person · since January 2020
Leadership
- Randall DamstraPresident, Chief Investment Officer and Chief Executive Officer
- David ReynoldsChief Compliance Officer, Chief Financial Officer, Chief Operating Officer
Staff
- 91 employees
- 26 in advisory functions
Fees
Ottawa Avenue Private Capital is paid through a percentage of assets under management and performance-based fees.
Ottawa Avenue Private Capital’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Ottawa Avenue Private Capital has 0 offices, with 1 listed address in 1 state.
Michigan · 1 listed address
- 200 Monroe Avenue NW, Suite 500, Grand RapidsHQ
Other business names
Ottawa Avenue Private Capital has reported 1 other business name to the SEC.
- Ridgelake Partners (oa)
Registration details
- Legal name
- Ottawa Avenue Private Capital, LLC
- Headquarters
- 200 Monroe Avenue NW, Suite 500, Grand Rapids, MI 49503
- Phone
- 616-278-6000
- Website
- Not reported
- SEC file
- 801-107115
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Ottawa Avenue Private Capital have?
Ottawa Avenue Private Capital has 94 clients and manages $22.9 billion for them, as of August 2026. They include 60 high-net-worth individuals, 31 pooled investment vehicles and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026
What services does Ottawa Avenue Private Capital offer?
Ottawa Avenue Private Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, 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
How many financial advisors does Ottawa Avenue Private Capital have?
Ottawa Avenue Private Capital has 0 investment adviser representatives registered with state securities authorities, out of 91 employees, and 26 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
What does Ottawa Avenue Private Capital invest in?
At the end of its last fiscal year, Ottawa Avenue Private Capital’s separately managed accounts held 66% pooled vehicles (private funds and similar), 29% non-exchange-traded equities and 5% exchange-traded equities. It advises 28 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ottawa Avenue Private Capital?
Ottawa Avenue Private Capital is owned through a holding company by JR. and Daniel and Douglas and Suzanne Devos. Its direct owner is Wakestream Holdings, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 August 2026
How does Ottawa Avenue Private Capital get paid?
Ottawa Avenue Private Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file