Herrick Lake Investments LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$6,022,211
Clients
21
14% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
21
TypicalAverage account size
$286,772
About
Herrick Lake Investments LLC provides portfolio management and financial planning to individual and high-net-worth clients, managing roughly $6.0 million across about 21 accounts. The firm documents client objectives and risk tolerance in an Investment Policy Statement and offers ongoing monitoring and discretionary portfolio management when authorized.
The adviser uses a broad mix of analytical methods—fundamental, quantitative, technical, charting, cyclical analysis and modern portfolio theory—and employs long-term trading alongside derivatives strategies. Portfolios may include margin and options trading (including uncovered options and spread strategies) and exposure to mutual funds, ETFs, real estate funds/REITs, commodities, non-U.S. securities, private placements and venture capital, which can add complexity and material risk to client accounts.
Operationally, the firm requires clients to custody assets at Interactive Brokers, does not participate in wrap fee programs or accept performance-based fees, and reports it receives no soft-dollar benefits. The brochure also discloses that the adviser’s principal operates an independent investment research business and may offer related services to clients, a relationship the firm says it will manage as a potential conflict of interest.
Client services
Financial planning
Portfolio management
Expertise
Options & derivatives strategies
Active portfolio management
Real estate investing
Annuities
Occupation focus
Executive
Founder/Business Owner
Fee options
$3,000 fixed fee for financial plans
$0 - $2,000,000: 0.85% $2,000,001 - $5,000,000: 0.70% $5,000,001 - $10,000,000: 0.55% $10,000,001+: 0.40%
$300/hour
Main office location
Herrick Lake Investments LLC
1155 South Washington Street, #105
Naperville IL 60540, United States
Number of offices
1
Most active in
Herrick Lake Investments LLC has reported serving >5 clients in these states in the last 12 months.
Illinois
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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