Lake Street fees and pricing

Financial planner in Chicago, Illinois. Registered with the SEC.

According to its Form ADV Part 2A brochure dated March 23, 2026, Lake Street charges a flat or project fee of $2,500 for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 23, 2026. Fees can change, so confirm with the firm before you hire them.

Flat or project fee: $2,500; “Lake Street’s financial consulting fees begin at $2,500 on a fixed fee basis and continue thereafter on an hourly basis between $100 -$300 depending upon the level and scope of the service(s) required and the professional(s) rendering the service.”

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

“For the initial month of investment management services, the first month’s fees shall be calculated on a pro rata basis and paid in arrears.”
“Lake Street’s annual fee shall be prorated through the date of termination and any remaining balance shall be charged or refunded to the client, as appropriate, in a timely manner.”
“The annual fee shall be paid either monthly or quarterly, in advance or arrears, based upon the market value of the plan's assets on the last day of the preceding month/quarter.”

Its flat or project fee of $2,500 is below the Illinois median of $4,500. 25% of the 175 other Illinois planners that publish a flat or project fee charge less.
11 of the 41 other planners in Chicago that publish a flat or project fee charge less.

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: 2% a year
Clients: 598
Employees: 9
Works with: Individuals, high net worth individuals, and pension and profit sharing plans
Services reported to regulators: Financial planning, portfolio management for individuals and small businesses, portfolio management for businesses and institutions, pension consulting, and other services
Assets managed: $1,158,676,142
Registered with: U.S. Securities and Exchange Commission
Disciplinary disclosures: None reported
SEC CRD number: 296761
Website: clarity-fg.com (opens in new tab)
Phone: (312) 766-7040

Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.