Vera Lake Capital provides financial planning and portfolio management for individuals and small businesses.
Vera Lake Capital reports 10 clients. They include 10 high-net-worth individuals. Of its assets, 100.0% ($180M across 25 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | <1% |
| High-net-worth individuals | 100% | 100% |
| Charitable organizations | Fewer than 5 | 0% |
| Corporations and other businesses | Fewer than 5 | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | $186K | 0.1% | — |
| High-net-worth individuals | 10 | $180M | 99.9% | $18M |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Total | 10 | $180M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $186K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 10
- Regulatory AUM
- $180M
- AUM share
- 99.9%
- Avg. per client
- $18M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 10
- Regulatory AUM
- $180M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Vera Lake Capital is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is offered on a fixed engagement fee of up to $10,000, which may be negotiable.
Vera Lake, LLC owns 75% or more of Vera Lake Capital and is in turn owned by Carl Petterson (75% or more). Carl Petterson is CEO; the leadership team includes Chief Investment Officer Curtis LaChappelle. It has 3 employees, 2 of them in advisory roles.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Vera Lake Capital, LLC
Vera Lake, LLC
Control person · since February 2026
- Owns 75% or more of Vera Lake, LLC
Carl Petterson
Control person · since February 2026
Besides its headquarters, Vera Lake Capital has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 4951 W. 77th St. Ste. 51, EdinaHQ
Contact and registration details
- Legal name
- Vera Lake Capital, LLC
- Headquarters
- 4951 W. 77th St. Ste. 51, Edina, MN 55435
- Website
- Not reported
- Phone
- 612-524-9165
- SEC file
- 801-135693
- Structure
- Minnesota LLC
- Fiscal year end
- December
Vera Lake Capital’s named custodian for separately managed accounts is Fidelity ($180M). Vera Lake Capital has custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $180M100%
At year end, Vera Lake Capital’s separately managed accounts were mostly in funds (56%) and stocks (43%).
What the accounts hold
- Stocks43%
- Funds56%
- Cash1%
How many clients does Vera Lake Capital have?
Vera Lake Capital has 10 clients and manages $180 million for them, as of July 2026. They include 10 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 July 2026
What services does Vera Lake Capital offer?
Vera Lake Capital provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Vera Lake Capital use?
Vera Lake Capital’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $180M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 July 2026
How many financial advisors does Vera Lake Capital have?
Vera Lake Capital has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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 Vera Lake Capital invest in?
At the end of its last fiscal year, Vera Lake Capital’s separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 43% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Vera Lake Capital?
Vera Lake Capital is owned through a holding company by Carl Petterson. Its direct owner is Vera Lake, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 July 2026
How does Vera Lake Capital get paid?
Vera Lake Capital is paid through a percentage of assets under management 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
How do I contact Vera Lake Capital?
Vera Lake Capital’s main office is at 4951 W. 77th St. Ste. 51, Edina, MN 55435. Its phone number is 612-524-9165.