Lakewater Capital LLC (Skaneateles)

Name: Lakewater Capital LLC
Address: 3 Fennel Street, Skaneateles, NY, 13152
Telephone: 315-295-1520

Lakewater Capital LLC is a mid-sized advisory firm based in Skaneateles. It manages $41.41 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Lakewater Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and due diligence, investment analysis, consulting on private equity & debt transactions. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lakewater Capital: assets under management

The assets under management (AUM) of Lakewater Capital LLC is $41.41 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.18 million each.

Lakewater Capital has custody of $33.28 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 36% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lakewater Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lakewater Capital serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Lakewater Capital is pooled investment vehicles with 1 clients and $33.28 million of assets under management. Among the 3 most similar advisory firms, Lakewater Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $41.41 million for 8 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lakewater Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Lakewater Capital LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel A. Sperrazza	Managing partner / research	1 Nov 2013	Other	5049989
Glenn Thomas Migliozzi	Partner / co-chief investment officer	1 Nov 2013	Other	1874135
Michael James Wamp	Managing partner / co-chief investment officer	1 Nov 2013	25% - 50%	2606162
Derek Anthony Jerina	Partner / portfolio management	1 Nov 2013	Other	2937439
Matthew Stephen Hardin	Chief compliance officer	1 Nov 2013	Other	2366634
Edward Joseph Casey	Partner / portfolio manager	1 Nov 2013	Other	6276519
Daniel Anthony Sperrazza	Managing partner / research	1 Nov 2013	25% - 50%	5049989
Gerold Felix Lothar Klauer	Partner / client services	1 Mar 2014	Other	271210

Based in Skaneateles

The principal office where Lakewater Capital LLC performs its advisory services is located at 3 Fennel Street, Skaneateles, NY 13152, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 315-295-1520 or by fax 315-637-8415. The normal business hours are 8:00 am - 5:00 pm est on Monday - Friday. You can find more information about the New York firm at lakewatercapital.com.