# Lake Road Advisors, LLC

> Lake Road Advisors, LLC is an SEC-registered investment advisory firm in Corning, NY, registered since 2019, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 21, 2026.

- CRD: 281657
- Filed as: LAKE ROAD ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Corning, NY
- Filing period: October 2026
- Form ADV filing dated: January 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281657
- AdvisorCensus page: https://advisorcensus.com/firm/lake-road-advisors-llc-corning-ny-281657

## Quick answers

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

**How much does Lake Road Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated January 21, 2026 states: Subscription: $750 to $2,000 a quarter (Comprehensive Financial Planning). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Lake Road Advisors, LLC located?**
Lake Road Advisors, LLC's principal office is in Corning, NY, according to its Form ADV; the February 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Lake Road Advisors, LLC registered with the SEC or a state?**
Lake Road Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 281657.

**How much does Lake Road Advisors, LLC manage?**
Lake Road Advisors, LLC reports $98,754,467 in regulatory assets under management in its Form ADV filing dated January 21, 2026 (93% discretionary).

**How have Lake Road Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Lake Road Advisors, LLC: Regulatory assets under management: $48,616,003 in the October 2021 data and $98,754,467 in the October 2026 data, up 103%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lake Road Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (94); individuals (other than high net worth individuals) (38); pension and profit sharing plans (but not the plan participants or government pension plans) (5).

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

**Does Lake Road Advisors, 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/281657

**Does Lake Road Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated January 21, 2026 says: "The minimum account value required to open and maintain an account with LRA is $500,000, subject to negotiation."

**What changed in Lake Road Advisors, LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $78,090,626 to $98,754,467 (+26%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated January 21, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> The minimum account value required to open and maintain an account with LRA is $500,000, subject to negotiation.

- Subscription: $750 to $2,000 a quarter (Comprehensive Financial Planning)

> Concurrently, there is also an ongoing fee which is paid quarterly, in advance, at the rate of $750 - $2,000 per quarter.

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
- Betterment Securities

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: $98,754,467
- Discretionary: $91,917,197
- Non-discretionary: $6,837,270

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 38 | $7,214,382 |
| High net worth individuals | 94 | $84,702,814 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $6,837,271 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NE, NH, NY, OR, PA, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the February 2026 filing
- Ithaca, NY
- Vancouver, WA

### Websites listed on Form ADV (Item 1.I)
- lakeroadadvisors.com
- Facebook @LakeRoadAdvisors
- Instagram @lakeroadadvisors
- Instagram @paulsydlansky
- LinkedIn @lake-road-advisors
- LinkedIn @psyd1
- X @psydlansky
- YouTube @UCj0-ftcHN9XiujvPINN84gQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $48,616,003 | 2 | June 22, 2021 |
| October 2022 | $61,421,778 | 2 | March 30, 2022 |
| October 2023 | $57,531,975 | 2 | January 23, 2023 |
| October 2024 | $67,940,409 | 2 | January 12, 2024 |
| October 2025 | $78,090,626 | 2 | January 24, 2025 |
| October 2026 | $98,754,467 | 2 | January 21, 2026 |

Regulatory assets under management: $48,616,003 in the October 2021 data and $98,754,467 in the October 2026 data, up 103%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $78,090,626 to $98,754,467 (+26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lake Road Advisors, LLC (CRD 281657): Form ADV filing data as of October 2026.