Lakewood Asset Management, LLC Account Types

Lakewood Asset Management, LLC offers various account types tailored to meet the needs of different investors. The primary account types include:

• Retail Accounts: Designed for individual investors, these accounts allow clients to manage their investments with ease. They can be further categorized into:
• Cash Accounts: Fully funded with cash, allowing the purchase of securities up to the available cash balance.
• Margin Accounts: Enable clients to borrow funds from the brokerage to trade securities, requiring a minimum balance to be maintained.

• High Net Worth Accounts: Specifically catered to clients with substantial assets, these accounts often come with personalized services and advisory support.

• Discretionary Accounts: In these accounts, the advisor has the authority to make investment decisions on behalf of the client, which is ideal for those who prefer a hands-off approach.

• Non-Discretionary Accounts: Clients retain control over investment decisions, with the advisor providing recommendations and guidance.

Lakewood Asset Management, LLC Broker Account Opening Process

Opening a brokerage account with Lakewood Asset Management, LLC involves several straightforward steps:

• Choose Your Account Type: Determine whether you want a retail account, high net worth account, discretionary, or non-discretionary account based on your investment goals.

• Fill Out the Application: You can complete the application online or visit their office at 225 W Jefferson Avenue, Suite 102, Naperville, IL. You will need to provide:

• Full name
• Social Security Number
• Physical and mailing addresses
• Tax filing status
• Driver's license information

• Provide Financial Information: Include details about your income bracket, investment experience, and financial goals. This information helps the firm assess your risk profile.

• Choose Your Preferences: Decide on preferences for receiving trade confirmations and monthly statements, either via mail or email.

• Fund Your Account: You can fund your account through various methods, including:

• Bank transfer
• Check deposit
• Wire transfer

• Review Fees and Charges: Familiarize yourself with the fee structure, which includes asset-based fees typically ranging from 0.50% to 2.00% of assets under management annually.

• Start Investing: Once your account is funded, you can begin investing according to your strategy, with the support of your assigned financial advisor if applicable.

For more detailed information on account types and the opening process, please visit Lakewood Asset Management.