Lake Effect Wealth LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 30, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$200⁠-⁠$300/hr

“Project-Based Financial Planning engagements are offered at an hourly rate of $200.00 - $300.00 per hour, with a 10 hour minimum.”

Annual fee

$2,000⁠-⁠$20,000/yr

“Fees consist of an annual fixed fee between $2,000 to $20,000, divided up into quarterly payments.”

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

How Lake Effect Wealth LLC bills

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

• “Advisory fees are directly debited from Client accounts, or the Client may choose to pay by check.”
• “An account may be terminated with written notice at least 30 calendar days in advance.”
• “The fee is negotiable depending on the complexity and needs of the client.”

How Lake Effect Wealth LLC’s fees compare

• Its hourly rate of $200-$300 is below the North Carolina median of $300. 22% of the 177 other North Carolina planners that publish an hourly rate charge less.
• 4 of the 34 other planners in Charlotte that publish an hourly rate charge less.
• Its annual fee of $2,000-$20,000 spans the North Carolina median of $6,000. 69% of the 49 other North Carolina planners that publish an annual fee charge less.
• 7 of the 11 other planners in Charlotte that publish an annual fee charge less.

About Lake Effect Wealth LLC

• Principal: Andrew Driscoll
• Solo practice: one person runs the firm, so you work directly with the planner.
• Registered as an adviser: 2020 (6 years).

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

1% a year

Clients

12

Employees

1

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning and portfolio management for individuals and small businesses

Assets managed

$18,255,117

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

306464

Website

lakeeffectwealth.com (opens in new tab)

Phone

(847) 716-0992

Can advise clients in 2 states: Illinois, North Carolina

Other planners in Charlotte that publish fees

• Altruist Wealth ManagementCharlotte$1,000⁠-⁠$12,000, $750⁠-⁠$3,000/qtr
• Auctus Advisors LLCCharlotte$5,000⁠-⁠$100,000
• Aureus CapitalCharlotte$150/hr, $1,000⁠-⁠$10,000
• Buoyant FinancialCharlotte$2,000
• Calamita Wealth ManagementCharlotte$5,000⁠-⁠$15,000
• Cannon AdvisorsCharlotte$1,500⁠-⁠$5,000

Compare all 93 planners in Charlotte