Lestna Retirement, LLC

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Client assets under management

$2,855,006

Clients

0% high-net worth

Advisors

of 2 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Very Low

Average account size

$129,773

About

Lestna Retirement provides fee-only holistic wealth planning and discretionary investment management to individuals, families, and institutional clients, and also offers ERISA fiduciary consulting for retirement plans. The firm reports managing approximately $2,855,006 in discretionary assets for about 22 clients and operates with two investment adviser representatives.

The firm’s investment approach emphasizes diversified, passively oriented model portfolios built primarily with low-cost ETFs and guided by Modern Portfolio Theory and an internal “Lestna Risk Score” framework. Financial planning is tailored to each client’s goals, time horizon, and risk tolerance, with discretionary authority available for ongoing portfolio implementation and monitoring.

Noteworthy distinctions include a disclosed affiliation with a real estate broker through the firm’s principal, a meaningful non‑U.S. client base reported in its ADV, and the firm’s use of client testimonials in its advertising — items that are uncommon among similarly sized supported firms. For a firm of modest assets-under-management, it also maintains formal ERISA 3(21)/3(38) fiduciary consulting services for retirement plans, which expands its service mix beyond typical individual-focused offerings.

Client services

Financial planning Portfolio management Pension consulting

Expertise

General retirement planning Tax-loss harvesting Wealth management Retirement withdrawal strategies

Fee options

Fixed

One-time comprehensive financial plan fees ranging from $10,000 to $18,000 depending on complexity

Percentage

$0 - $1,500,000: 0.70% $1,500,001 - $3,000,000: 0.50% Over $3,000,000+: 0.30%

Project-based

Up to $350 per hour for financial planning services

Other

Minimum fee: Minimum annual fee of $10,000 for ongoing financial planning services Fee-only: Financial planning services charged as flat annual fees starting at $10,000; one-time financial plans $10,000 to $18,000 fixed fee; hourly financial planning up to $350/hour; fiduciary consulting services minimum $5,000 annually

Main office location

Lestna Retirement, LLC

Chicago IL, United States

Number of offices

Most active in

Illinois

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

LinkedIn Facebook X YouTube Website (312) 971-7071

Advisors at this firm

Bahdan Y

CFA®

Chicago, IL

Lestna Retirement, LLC

Bahdan Yakavenka is a CFA® charterholder with three years of industry experience. He is currently with Lestna Retirement, LLC and has prior experience at BMO Capital Markets, CDW, and Y???venka Capital Management. Lestna Retirement is a CEFEX-certified advisory firm providing holistic wealth planning, discretionary portfolio management, and fiduciary consulting for retirement plans to individuals, families, and institutional clients. The firm employs broadly diversified, low-cost index ETF strategies based on Modern Portfolio Theory, along with services such as tax-loss harvesting and rebalancing.

General retirement planning Tax-loss harvesting Wealth management Retirement withdrawal strategies

Vitaly N

Series 65

Chicago, IL

Lestna Retirement, LLC

Vitaly Novok is a financial advisor at Lestna Retirement, LLC in Chicago, IL, holding a Series 65 designation with 11 years of industry experience. He has been with Lestna Retirement since 2014. Lestna Retirement is a CEFEX-certified advisory firm providing holistic wealth planning, discretionary portfolio management, comprehensive financial plans, and fiduciary consulting for retirement plans to individuals, families, and institutional clients. The firm manages approximately $2.14 million across 17 client relationships, focusing on broadly diversified, low-cost index ETF strategies grounded in Modern Portfolio Theory and an efficient-market view.

General retirement planning Tax-loss harvesting Wealth management Retirement withdrawal strategies

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