Wealth manager, independent · Elmhurst, IL
Lasalle St. Investment Advisors, L.L.C.
SEC-registered investment adviser · CRD 109701 · SEC 801-33422
At a glance
Lasalle St. Investment Advisors, L.L.C. is an SEC-registered investment adviser based in Elmhurst, Illinois, with $5.7B in regulatory assets under management as of its Form ADV filed July 29, 2026. It reports 13,711 individual clients, 894 of them high-net-worth, holding an average of about $0.4 million each, and 155 employees. That ranks it 182nd among the nation’s 5,657 independent wealth management RIAs and 13th of 226 in Illinois. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Fidelity Distributors Company.
Main office 630-600-0500lasallest.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.7B
- Rank among independent wealth managers
- #182 of 5,657
- Rank among all SEC RIAs
- #1,919 of 17,210
- Rank in Illinois
- #13 of 226
- Individual clients
- 13,711
- High-net-worth clients
- 894
- Accounts
- 14,284
- Discretionary
- 32% of AUM
- Employees
- 155
- Advisory staff
- 146
- Offices
- 71
Owners and executives on its Form ADV
- Daniel J. SchlesserCfo/sec./treas.
- Vincent E. IncertoChief Compliance Officer
- Michael M. DrozdChief Investment Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Lasalle St. Investment Advisors, L.L.C. is a hybrid RIA: 121 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Lasalle St Securities, L.L.C..
- Lasalle St Securities, L.L.C. ↗CRD 7191
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Lasalle St Securities as the broker-dealer its advisers are registered with.
Item 10 Other Financial Industry Activities and Affiliations Management personnel and other IARs of LSIA may be separately licensed as registered representatives of LSS, an affiliated broker-dealer, and sister company of LSIA which has a cl
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 894 | $2.7B | 47% |
| Individuals | 12,817 | $2.5B | 44% |
| Pension and profit sharing plans | 469 | $483M | 8% |
| Corporations or other businesses | 99 | $62M | 1% |
| Charitable organizations | 5 | $2M | <1% |
Disciplinary disclosures
Lasalle St. Investment Advisors, L.L.C. answers yes to 8 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗lasallest.com ↗
AtlasMembers
The full record on Lasalle St. Investment Advisors, L.L.C.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 724 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Forum Financial Management, LPLombard | $8.7B | 5,622 |
| JMG Financial Group LTDDowners Grove | $7.5B | 1,776 |
| Chicago Partners Investment Group LLCChicago | $7.5B | 2,741 |
| Crescent Grove AdvisorsLake Forest | $5.5B | 325 |
| Calamos Wealth Management LLCNaperville | $5.5B | 4,072 |
| David Vaughan Investments, LLCPeoria | $5.3B | 1,164 |
Background
Questions
How much does Lasalle St. Investment Advisors, L.L.C. manage?
Lasalle St. Investment Advisors, L.L.C. reports $5.7B in regulatory assets under management across 14,284 accounts, 32% of it on a discretionary basis, on its Form ADV filed July 29, 2026.
How many clients does Lasalle St. Investment Advisors, L.L.C. have?
It reports 13,711 individual clients: 894 high-net-worth individuals and 12,817 other individuals. Individuals account for about 90% of its regulatory assets.
Where is Lasalle St. Investment Advisors, L.L.C. headquartered?
Its main office is in Elmhurst, Illinois. It reports 71 offices in total and 155 employees, 146 of whom perform investment advisory functions.
How does Lasalle St. Investment Advisors, L.L.C. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Lasalle St. Investment Advisors, L.L.C. use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Fidelity Distributors Company. On Schedule D of its Form ADV filed July 29, 2026, it reports these amounts held: Fidelity ($3.9B); Fidelity Distributors Company ($991M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Lasalle St. Investment Advisors, L.L.C. a hybrid RIA with a broker-dealer?
Lasalle St. Investment Advisors, L.L.C. is a hybrid RIA: 121 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Lasalle St Securities, L.L.C.. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Lasalle St. Investment Advisors, L.L.C. a fiduciary?
As an SEC-registered investment adviser, Lasalle St. Investment Advisors, L.L.C. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 121 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Lasalle St. Investment Advisors, L.L.C.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-29), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →