Firm
Herrick Lake Investments
Naperville, Illinois
Fee-only
Herrick Lake Investments at a glance
- One of 330 fee-only firms based in Illinois in the Wellspent graph.
- 1 advisor is listed here.
- Its Form ADV reports 1 employee and 21 individual clients, 3 of them high net worth.
- Its average account is about $194,000 (assets it manages divided by its 31 accounts).
Fee-only advisors in Illinois · What fee-only advisors charge in Illinois
Facts
| Based in | Naperville, Illinois |
|---|---|
| Website | herricklake.com |
| Phone | (630) 581-8119 |
Herrick Lake Investments fees
Herrick Lake Investments doesn't publish its prices on its website, or we couldn't confirm them word for word. Ask for its Form ADV Part 2A, which must describe its fees.
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets |
|---|---|
| Assets managed | $6 million |
| Individual clients | 18 |
| High-net-worth clients | 3 |
| Accounts managed | 31 |
| Employees | 1 |
| Planning clients | 11-25 |
| Financial planning | Offered |
| Form ADV filed | March 10, 2026 |
| SEC record | CRD 315662 |