Fee-Based Registered Investment Advisor · Johnson City, TN
Lake Park Advisors builds custom portfolios for individuals and families in Tennessee and beyond. We are compensated by our clients, not by product commissions, so our recommendations are shaped by your needs.
Core value pillars
Three principles guide how Lake Park Advisors works with clients. Each comes with trade-offs, which we explain openly.
We are an investment adviser, not a broker. We receive no commissions or other outside compensation for the sale of securities to clients, and we do not sell annuities or insurance products.
Advisory fees reduce account value. Our fees are described in Form ADV Part 2A.
Once an account reaches an appropriate size, we construct a custom portfolio of individual securities for you, instead of a packaged product. Our process emphasizes long holding periods and regular review.
Individual securities can be more concentrated than diversified funds and may lose value.
Many mutual funds carry internal expenses that reduce what you keep. Where appropriate to your situation, we build portfolios from individual holdings so you are not paying for another layer of fund expenses.
Lower costs do not guarantee higher returns. Advisory fees, trading costs and taxes still apply, and portfolios can lose value.
Our fiduciary approach
As a Registered Investment Advisor, Lake Park Advisors owes its clients a fiduciary duty: to act in their best interest and to disclose conflicts of interest. Because we do not sell products for commission, we can consider the full range of securities available when building your portfolio.
Our principals also come from an accounting background, which informs how we look at taxes alongside investments. Our work is not tax or legal advice, and we encourage clients to consult their own tax and legal professionals.
Clients pay us directly, which aligns our compensation with the advice we give.
We read company financial statements closely and favor quality businesses at reasonable prices.
Every investment strategy has risks. We explain them plainly and revisit them as your circumstances change.
Services
For clients who are earlier in the journey, we help explain the basics of investing, such as the role of regular IRA or Roth IRA contributions, and can work with you on longer-term retirement savings planning. We do not offer 401(k) plan services for employers.
Account minimums and eligibility for custom portfolio management are described in our Form ADV Part 2A.
How we work
We learn about your goals, time horizon, tax picture and comfort with risk before recommending anything.
We design a portfolio for your situation, generally intended to be held over multi-year periods rather than traded frequently.
Holdings are watched regularly and reviewed formally each quarter. We may sell positions if circumstances change.
Past performance is no guarantee of future results. All investments involve risk, including the loss of principal.
Team overview
Co-Owner · Chief Compliance Officer · Investment Adviser Representative
Co-owner and Chief Compliance Officer of the firm. Has worked in the firm’s business since 2015 and holds the Series 65 securities license. Studied exercise science, and was trained in accounting and investing by Richard Eddy. Known for a careful, detail-oriented approach.
Partner · CPA · CFP®
A longtime CPA and CFP® professional and former accounting professor who founded the Johnson City accounting practice. He developed the research process the firm uses to evaluate securities.
Contact
Tell us how to reach you and we will follow up to discuss whether our services may be a fit. There is no obligation.
Lake Park Advisors