{"url":"https://nivawealth.com/firms/vera-lake-capital-341142","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/341142","regulatoryAum":180355372,"crd":"341142","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6807130","suffix":null,"lastName":"LaChappelle","firstName":"Curtis","middleName":"Judd"},{"crd":"8229573","suffix":null,"lastName":"Petterson","firstName":"Carl","middleName":null}],"total":2,"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"},"secFileNumber":"801-135693","legalName":"Vera Lake Capital, LLC","displayName":"Vera Lake Capital","slug":"vera-lake-capital-341142","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"4951 W. 77th St. Ste. 51","city":"Edina","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55435"},"tradeNames":[],"registration":{"secApproved":"31 March 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":180355372,"discretionary":180355372,"discretionaryAccounts":25,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":null,"fewerThan5":true,"regulatoryAum":185645},{"label":"High-net-worth individuals","clients":10,"regulatoryAum":180169727},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":0}],"feePrograms":[{"role":"other","program":"Financial Planning Services","summary":"Financial planning is offered on a fixed engagement fee of up to $10,000, which may be negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048718","versionId":1048718,"submittedOn":"2026-06-17","documentName":"ADV 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T18:16:23.241049+00:00","documents":[{"name":"ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048718","versionId":1048718,"submittedOn":"2026-06-17"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":180355372}],"custodyNote":"Vera Lake Capital has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Carl Petterson","title":"President, Chief Executive Officer, and Chief Compliance Officer","crd":"8229573"},{"name":"Curtis LaChappelle","title":"Chief Investment Officer","crd":"6807130"}],"ownership":[{"label":"Vera Lake, LLC","detail":"Owner in the 75% or more ownership band and a control person, since February 2026."},{"label":"Carl Petterson","detail":"Indirect owner: a owner of Vera Lake, LLC in the 75% or more band and a control person, since February 2026.","parent":"Vera Lake, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"4951 W. 77th St. Ste. 51","city":"Edina","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-524-9165","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":43},{"label":"Securities issued by registered investment companies or business development companies","percent":56},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"6 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/341142/PDF/341142.pdf","brochureDate":"17 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048718","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 Vera Lake Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Vera Lake Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Vera Lake Capital use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Vera Lake Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Vera Lake Capital invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Vera Lake Capital?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Vera Lake Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Vera Lake Capital?","answer":"Vera Lake Capital’s main office is at 4951 W. 77th St. Ste. 51, Edina, MN 55435. Its phone number is 612-524-9165.","source":"Form ADV Part 1A, Item 1.F, filed 6 July 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."}