{ "crd_number": 174249, "slug": "lakshmi-wealth-management-llc-naperville-il-174249", "primary_business_name": "LAKSHMI WEALTH MANAGEMENT LLC", "legal_name": "LAKSHMI WEALTH MANAGEMENT, LLC", "dbas": [], "city": "Naperville", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "state", "registration_status": "APPROVED", "registration_date": "2016-10-17", "years_registered": 9, "period": "2026-10-01", "filing_date": "2024-05-03", "carried_forward": false, "raum_total": 29000000.0, "raum_discretionary": 29000000.0, "raum_non_discretionary": 0.0, "raum_band": "25m_100m", "raum_band_label": "$25 million to $100 million", "total_employees": 1, "advisory_employees": 1, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "individuals": { "raum": 600000.0, "count": 3, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 28400000.0, "count": 16 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 4, "states_registered": [ "IL" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174249", "disclosure_items": [ { "item": "11.D(1)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(3)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "NAPERVILLE", "url": "https://advisorcensus.com/firm/lakshmi-wealth-management-llc-naperville-il-174249", "display_name": "Lakshmi Wealth Management LLC", "summary": "Lakshmi Wealth Management LLC is a state-registered investment advisory firm in Naperville, IL, registered since 2016, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated May 3, 2024.", "citation": "AdvisorCensus. Lakshmi Wealth Management LLC (CRD 174249): Form ADV filing data as of October 2026.", "registration_type_label": "State-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Lakshmi Wealth Management LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Lakshmi Wealth Management LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Lakshmi Wealth Management LLC located?", "a": "Lakshmi Wealth Management LLC's principal office is in Naperville, IL, according to its Form ADV." }, { "q": "Is Lakshmi Wealth Management LLC registered with the SEC or a state?", "a": "Lakshmi Wealth Management LLC is a state-registered investment advisory firm, registered since 2016. Status as filed: APPROVED. CRD 174249." }, { "q": "How much does Lakshmi Wealth Management LLC manage?", "a": "Lakshmi Wealth Management LLC reports $29,000,000 in regulatory assets under management in its Form ADV filing dated May 3, 2024 (100% discretionary)." }, { "q": "What types of clients does Lakshmi Wealth Management LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (16); individuals (other than high net worth individuals) (3)." }, { "q": "Does Lakshmi Wealth Management LLC report any disciplinary disclosures?", "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), 11.D(3) (another regulator's finding of causing a business's authorization to be denied, suspended, revoked, or restricted), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/174249" } ], "filing_history": [], "recent_changes": [], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/lakshmi-wealth-management-llc-naperville-il-174249.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 3, "fewer_than_5": true, "raum": 600000.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 16, "fewer_than_5": false, "raum": 28400000.0 } ], "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174249", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }