LAKEWOOD ASSET MANAGEMENT, LLC

CRD 174887File 801-113632

APPROVED

Retail clients

Filing as of Aug 25, 2026

Feed vintage Oct 1, 2026

Regulatory AUM

$248.7M

Below cohort median (national)

Discretionary AUM

$228.7M

Non-discretionary $20.0M

Clients

156

365 accounts

Employees

Below cohort median in IL

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: CHRO
Registration date: Jul 19, 2018
Principal office: 225 W JEFFERSON AVENUE, SUITE 102, NAPERVILLE, IL, 60540
Phone: 312-543-1772
Website: HTTP://WWW.LAKEWOODASSET.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $248.7M
Discretionary AUM: $228.7M
Non-discretionary AUM: $20.0M
Discretionary accounts: 355
Non-discretionary accounts: 10
Total accounts: 365
AUM per client: $1.6M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Charitable organizations	Fewer than 5	$1.2M
High net worth individuals	70	$224.5M
Individuals (other than high net worth individuals)	85	$23.0M

Compensation & activities

ADV Items 5E, 5G

Compensation

Fixed fees
A percentage of assets under your management

Advisory activities

Financial planning services
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: No
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To	Change
Apr 1, 2026	Employees	4	5	increased by1
Apr 1, 2026	Clients	152	156	increased by4
Apr 1, 2026	AUM	$220,212,292	$248,655,064	increased by$28,442,772
Apr 1, 2026	Accounts	340	365	increased by25
May 1, 2025 vs Oct 1, 2022	Employees	3	4	increased by1
May 1, 2025 vs Oct 1, 2022	Clients	175	152	decreased by23
May 1, 2025 vs Oct 1, 2022	AUM	$189,873,466	$220,212,292	increased by$30,338,826
May 1, 2025 vs Oct 1, 2022	Accounts	321	340	increased by19
Apr 1, 2022	Clients	179	175	decreased by4
Apr 1, 2022	AUM	$191,088,424	$189,873,466	decreased by$1,214,958
Apr 1, 2022	Accounts	331	321	decreased by10
Apr 1, 2021	Registration	—	APPROVED

On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.

See plans that list “LAKEWOOD ASSET” as a service provider on 5500mcp →

Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“LAKEWOOD ASSET” may also match similarly-named firms). Confirm identity against each filing.

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.