Five Lakes Advisory LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 17, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$500/hr

“Five Lakes’ advisory fees generally range from $200,000 to $1,000,000 annually based on a standard hourly rate of $500 per hour and may be negotiated at our sole discretion.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Five Lakes Advisory LLC bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Fees for our advisory services are generally a flat annual fee, invoiced on a monthly basis.”

How Five Lakes Advisory LLC’s fees compare

• Its hourly rate of $500 is above the Virginia median of $260. 92% of the 203 other Virginia planners that publish an hourly rate charge less.
• 14 of the 15 other planners in Richmond that publish an hourly rate charge less.
• It doesn't charge a percentage of the assets it manages, so its fee won't grow with your portfolio.

About Five Lakes Advisory LLC

• Solo practice: one person runs the firm, so you work directly with the planner.
• Meets clients remotely: the brochure mentions virtual or online meetings.
• Registered as an adviser: 2026.

Firm details from Form ADV

How the firm is paid

Fixed or flat fees

Charges a % of assets

No

Employees

1

Services reported to regulators

Financial planning

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

339766

Phone

(415) 656-6016

Other planners in Richmond that publish fees

• Alexis AdvisorsRichmond$150⁠-⁠$350/hr
• Ark Financial Strategies LLCRichmond$2,000⁠-⁠$10,000
• Beale Healy Investment Advisors IncRichmond$100⁠-⁠$225/hr
• Bonwell Capital Management, LLCRichmond$250/hr, $250⁠-⁠$50,000
• Covenant Wealth AdvisorsRichmond$300/hr, $2,000⁠-⁠$30,000
• EvoadvisorsRichmond$10,000/yr

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