Our Principles

A Financial Partner You Can Trust

A Financial Partner You Can Trust

Lake Point Advisory Group's team employs members of the Financial Planning Association (FPA®), which is the largest membership organization for personal financial planning professionals in the United States. FPA® members are those who commit to the highest standards of professional competence, ethical conduct and clear, complete disclosure to those they serve. They deliver advice using an objective, client-centered, ethical process.


All financial planning services will be delivered by Lake Point Wealth Management in accordance with the following standard of care:

  • Put the client’s best interests first.
  • Act with due care and in utmost good faith.
  • Do not mislead clients.
  • Provide full and fair disclosure of all material facts.
  • Adhere to a code of ethics that reflects commitment to help clients achieve more of their financial goals.
  • Disclose and fairly manage all material conflicts of interest.

The recent actions of "too-big-to-fail" financial corporations have diminished investor confidence in the retail brokerage system and the suitability standard of care. In response, the government has implemented the Dodd-Frank Wall Street Reform and Consumer Protection Act, among other consumer-protection laws. They aim to prevent investors from being disadvantaged by conflicts of interest that can exist among brokers, broker-dealers and their clients.

Lake Point Wealth Management seeks to restore investor trust by creating fiduciary relationships with its clients — relationships based on the full disclosure of all relevant information, transparent communications and the mutual alignment of interests.

There are two types of financial organizations: those you have heard of and those you haven't yet heard of. If those you have heard of have disappointed you, is it time to see if a financial organization you haven't heard of can help you?


When you work with an independent firm such as Lake Point Wealth Management, you are benefitting from transparency and external checks and balances.

We work with, and through, numerous unaffiliated companies, all of which run a variety of checks and balances to ensure full compliance with financial regulations. We exert no influence over these outside companies who are monitoring our activities. They are independent organizations whose interests are to protect themselves and you, their clients.

Independent Audit

The verb "audit" generally means to evaluate an organization, process or person. In the financial world, some audits are performed to ascertain the validity and reliability of information and protocols, and to provide an assessment of a company's internal controls. When such an audit is undertaken by an independent, external company, it tends to be more objective than audits carried out by internal staff or related companies.

In a world full of information, where so many people can easily publish their investment recommendations, your first task should be to question the validity of the source. Did they issue their recommendations with external checks and balances, and were they independently audited?

The performance information published by Lake Point Wealth Management is independently calculated and verified every year by an external company, Ashland Partners and Company LLP.1 Ashland Partners has been providing compliance consultation and verification services to the investment management community since 1992. They are working on your behalf to ensure Lake Point Wealth Management and its investment partner, Aviance Capital Management LLC, publish historical performance information in accordance with Global Investment Performance Standards (GIPS®). Created by the CFA Institute, GIPS® is a worldwide set of standardized, industry-wide ethical principles that provides investment firms with compliance on how to calculate and report their investment results to prospective and existing clients.

The firms that choose to uphold the GIPS® standards go well beyond legal reporting requirements in demonstrating a commitment to open, honest and ethical practices.

1 Lake Point Wealth Management may invest client assets among a diversified range of securities, funds, sub-advisers and independent investment managers including allocating assets to Aviance Capital Management LLC (GFPC's affiliated SEC-registered investment advisor). Aviance Capital Management LLC's compliance with the GIPS® standards has been annually independently verified for the period Nov. 1, 2006, through Dec. 31, 2010, by Ashland Partners & Company LLP. In addition, prior to the spinout of Aviance, Lake Point Wealth Management's compliance with the GIPS® standards was verified for the period Oct. 1, 2004, through Oct. 31, 2006. The verification report(s) is/are available upon request.


Our team differentiates itself within the financial industry by seeking partnerships with the most reputable financial institutions. Our goal is to construct and manage a team of financially strong and trustworthy organizations that all contribute their own specific advantages for your benefit. Each partner, selected as the best of breed in our opinion, has a precise, focused role to play in protecting your financial future.

One of the most important partnerships in any financial relationship is that with the custodian. A custodian is a specialized financial institution responsible for holding and safeguarding a firm's or an individual's financial assets, ensuring each and every client receives complete and transparent communications relating to their assets, while restricting the access others have to their money. Simply put, we see a custodian as your protector.

Many years ago, we chose Fidelity Institutional — one of the world's leading financial organizations — to be the custodian of our clients' assets. Fidelity is the organization that holds your assets; you grant Lake Point Wealth Management the authority to work with Fidelity. Whenever we wish to make a change to your investments, we must seek the approval of Fidelity's compliance oversight and obey their rules and regulations. Like most "mission-critical" industries, the financial industry is predicated on checks and balances. The custodian's role is to be the first line of those checks and balances.

Best Price and Execution

Another important client benefit offered by the Lake Point Wealth Management and Fidelity Institutional partnership is access to a cost-efficient institutional trading platform that focuses on the concept of best price and execution. This might be described as "minimizing the hands in the cookie jar." Lake Point Wealth Management and Fidelity Institutional are fiercely committed to providing clients with the most direct path when buying and selling individual securities on the clients' behalf.

In mid-2006, Fidelity was the industry forerunner in building a price and execution process that improved upon "the accepted industry standard" of the day. Fidelity has a unique approach to execution quality with an internal order flow management team whose purpose is to direct order flow to the best-performing market centers. Lake Point Wealth Management takes this even further by operating its own institutional trading desk to increase the focus on getting the best price for its clients.

Fidelity invests millions of dollars every year in people, technology and other resources with the aim of improving the prices their clients pay when making trades. This information is published monthly on Fidelity's website, and the company's goal is to improve the prices for clients rather than just making trades at the National Best Bid and Offer (NBBO). NBBO is an SEC requirement that requires trades to take place at the best available ask or bid price. Trading securities in this way can create significant savings for the clients.

Lake Point Wealth Management does not receive commissions on trading. Instead, we represent our clients and try to achieve the best prices available at all times.


At Lake Point Wealth Management, we believe clients should be able to fully understand and define the costs associated with owning their investments. This transparency allows our clients to maintain their own checks and balances with the goal of preventing hidden commissions and conflicts of interest from eating into investment returns.

Lake Point Wealth Management's use of separate accounts provides clients with total transparency as to where the money within their accounts really ends up.

As part of our commitment to transparency, we encourage our clients to perform their own due diligence on Lake Point Wealth Management and other financial advice organizations. Due diligence is an investigation into a business or person prior to the signing of a contract, or engaging a person who should act wit h a specified standard of care.

Your own, personal due diligence may include questioning the wisdom of receiving financial advice from a company that:

Is not connected with any company that has received bailout money from the government and U.S. tax payers. Consistently keeps in mind its clients' risk profile and finds financial products to best meet their risk tolerance. Completely discloses all fees and charges on client transactions. Encourages and fosters a team approach to meeting our client needs. As a supplement to their own due diligence, our clients draw reassurance from the fact that Lake Point Wealth Management's large institutional clients undertake and maintain their own stringent due diligence prior to engaging our firm as an asset manager. In addition, they are usually required to perform annual or more frequent due diligence scrutiny of operations and continuing management capability.

Our operations and systems work on the principles of openness, accessibility and accountability. We have nothing to hide. We encourage our clients to share our appreciation of the Senate Banking Committee Chairman Chris Dodd and the House Financial Services Committee Chairman Barney Frank helping control unethical practices by introducing the Dodd-Frank Act And the Consumer Protection Act (July 2010).


In the summer of 2007, the expression "credit crisis" hit the headlines. Wall Street and the banking and brokerage industries clearly had problems; however, no one knew just how deep and wide the credit crisis hole was.

In our view, since that time we have experienced a period where everyone found out "who was really who" and"what was really what." Many questionable financial practices were exposed, and many investors grew to question the integrity of the large financial organizations.

For those investors who are asking themselves who they can trust, now might be the time to consult with a Lake Point Wealth Management advisor.


The complexity of your unique financial needs may require the attention of a diverse team of industry professionals. At Lake Point Wealth Management, you have access to dedicated professionals and teams including financial planning, compliance, and an institutional-level investment committee and chief investment officer.

A Lake Point Wealth Management personal advisor's first goal is to seek to fully understand your individual needs and future requirements. Then, he or she acts as a "quarterback" in organizing and monitoring a team with exceptional, focused resource expertise in accordance with your "coaching direction."

In our opinion, one of the breaking points of the traditional retail financial industry is the reliance on a single, local broker to handle all aspects of the client relationship where most clients only get to discuss their personal situations, investments and financial planning needs with a single broker. Direct access to the actual investment managers and financial planner is often restricted.

Can a single stock broker or individual maintain the highest educational and research standards across all areas of your financial requirements, including income tax planning, financial planning, estate planning, asset protection, risk management and investment management?

We believe successful client relationships come from clients partnering with investment advisors who have positioned their firms to provide accessible, one-on-one client advice while directing the support of a range of high-level institutional specialists.

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It is important to feel you have control over your future. At Lake Point Advisory Group, we offer our experience and knowledge to help you design your own strategy for financial independence.

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