# Lake Avenue Financial LLC

> Lake Avenue Financial LLC is an SEC-registered investment advisory firm in Pasadena, CA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 315746
- Filed as: LAKE AVENUE FINANCIAL LLC
- Also doing business as: FIRST TEAM ADVISORS, SIKMA SOUND FINANCIAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pasadena, CA
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315746
- AdvisorCensus page: https://advisorcensus.com/firm/lake-avenue-financial-llc-pasadena-ca-315746

## Quick answers

**How is Lake Avenue Financial LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Lake Avenue Financial LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Lake Avenue Financial LLC charge?**
Its Form ADV Part 2A brochure dated March 23, 2026 states: Flat fee: up to $20,000 (financial planning and consulting services); Hourly rate: up to $600 an hour (financial planning and consulting services); Subscription: $499 a year (Academy); Subscription: $999 a year (Blueprint). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Lake Avenue Financial LLC located?**
Lake Avenue Financial LLC's principal office is in Pasadena, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Lake Avenue Financial LLC registered with the SEC or a state?**
Lake Avenue Financial LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315746.

**How much does Lake Avenue Financial LLC manage?**
Lake Avenue Financial LLC reports $154,709,844 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Lake Avenue Financial LLC's assets and staff changed since 2021?**
In the Form ADV data for Lake Avenue Financial LLC: Regulatory assets under management: $0 in the October 2021 data and $154,709,844 in the October 2026 data. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lake Avenue Financial LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (257); high net worth individuals (36); banking or thrift institutions (1).

**Which custodians does Lake Avenue Financial LLC use?**
Lake Avenue Financial LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC, Fidelity Distributors Company LLC and LPL Financial LLC as custodians holding 10% or more of its separately managed account assets.

**Does Lake Avenue Financial LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/315746

**What changed in Lake Avenue Financial LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $137,894,580 to $154,709,844 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Flat fee: up to $20,000 (financial planning and consulting services)

> Lake Avenue Financial will charge a negotiable fixed fee of up to $20,000 or an hourly fee of up to $600 for these services.

- Hourly rate: up to $600 an hour (financial planning and consulting services)

> Lake Avenue Financial will charge a negotiable fixed fee of up to $20,000 or an hourly fee of up to $600 for these services.

- Subscription: $499 a year (Academy)

> Academy is offered for an annual subscription fee of $499 and Blueprint is offered for a fee of $999. The annual fee is billed

- Subscription: $999 a year (Blueprint)

> Academy is offered for an annual subscription fee of $499 and Blueprint is offered for a fee of $999. The annual fee is billed

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial LLC
- Fidelity Distributors Company LLC
- LPL Financial LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $154,709,844
- Discretionary: $154,709,844
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 257 | $64,568,581 |
| High net worth individuals | 36 | $79,884,889 |
| Banking or thrift institutions | 1 | $10,256,374 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NV, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Woodland Hills, CA

### Websites listed on Form ADV (Item 1.I)
- alexchalekian.com
- firstteamadvisors.com
- lakeave.com
- sikmasoundfinancial.com
- threads.com/@alex.chalekian
- wealthcompassonline.com
- Facebook @AlexChalekian
- Facebook @lakeave
- Instagram @alex.chalekian
- Instagram @lakeavefinancial
- LinkedIn @lake-ave
- LinkedIn @chalekian
- LinkedIn @jason-sikma-6b00284b
- LinkedIn @justin-vestman-580412158
- X @AlexChalekian
- X @JustInvestMan
- X @Lake_Avenue
- YouTube @AlexChalekian
- YouTube @lakeave

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $0 | 5 | July 7, 2021 |
| October 2022 | $107,431,048 | 6 | September 9, 2022 |
| October 2023 | $102,410,948 | 7 | March 28, 2023 |
| October 2024 | $115,190,534 | 5 | July 12, 2024 |
| October 2025 | $137,894,580 | 5 | July 15, 2025 |
| October 2026 | $154,709,844 | 5 | March 23, 2026 |

Regulatory assets under management: $0 in the October 2021 data and $154,709,844 in the October 2026 data.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $137,894,580 to $154,709,844 (+12%).

### January 2026
- No longer registered or notice-filed in GA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lake Avenue Financial LLC (CRD 315746): Form ADV filing data as of October 2026.