Third Lake Partners, LLC is a large advisory firm based in Tampa. It manages $127.17 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Florida.
Third Lake Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Third Lake Partners, LLC is $127.17 million. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Third Lake Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Third Lake Partners is high net worth individuals with 0 clients and $65.75 million of assets under management. Among the 6 most similar advisory firms, Third Lake Partners has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $127.17 million for 3 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Third Lake Partners also advises several private funds. Namely, three real estate funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Third Lake Partners, LLC performs its advisory services is located at 1600 E 8 Th Ave, Tampa, FL 33605, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (813) 497-8100 or by fax (813) 497-8101. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at thirdlake.com/ and its LinkedIn profile.