# Lake Street Advisors

Lake Street Advisors is a Multi Family Office based in Portsmouth, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Portsmouth, United States
- **Region:** North America
- **Address:** Portsmouth, NH, United States
- **Founded:** 2018
- **Assets under management:** $3.1 billion (Altss estimate)
- **Website:** lakestreetadvisors.com
- **LinkedIn:** https://www.linkedin.com/company/lakestreet

## Regulatory record

- **Reports private funds:** No

## About

Joseph Chase and Buddy Webb founded Lake Street Advisors to deliver fee-only advisory services to ultra-high-net-worth families. The firm operated without a disclosed founding year or single-family wealth source and focused on multigenerational planning. Lake Street deployed capital across public equities, private equity, real estate, hedge funds, and direct co-investments. Confirmed holdings included positions in Sonos, multiple ETFs such as SPY and VOO. The firm participated in buyout, growth equity, venture capital, and lower-middle-market strategies while maintaining a North American geographic focus. The firm reported 3,109 million USD in assets under management. It maintained offices only in Portsmouth and sponsored events including the 2025 Best Ideas Growth Conference. In March 2025 Lake Street Advisors Group merged into SCS Financial, adding its assets to the larger Focus Partners Family Office and OCIO platform. Lake Street operated as an independent partner within the Focus Financial Partners network after the 2017 acquisition. This structure allowed continued local decision-making while accessing centralized investment and operational resources from SCS Capital Management following the 2025 consolidation.

## Sectors

- Private Equity
- Real Estate
- Hedge Funds

## People

- Joseph Chase — Founder and Managing Partner
- Buddy Webb — Founder, Partner and Chief Investment Officer

## Questions

### Who runs investment decisions at Lake Street Advisors?

Buddy Webb serves as Partner and Chief Investment Officer. Joseph Chase acts as Founder and Managing Partner. Both names appear in the firm's relationship records.

### How is Lake Street Advisors structured after the 2025 merger?

Lake Street Advisors Group merged into SCS Financial effective March 1, 2025. The entity now operates inside the Focus Partners Family Office and OCIO platform while retaining its prior client relationships.

### Does Lake Street Advisors participate in fund commitments or only direct deals?

The firm engaged in both fund-of-funds commitments and direct co-investments or SPVs. Confirmed investment types include private equity, hedge funds, and secondaries.

### What public equity positions has Lake Street Advisors disclosed?

Holdings included SPY, VOO, VEA, VWO, SGOV, AAPL, and NVDA as of late 2024 filings. Earlier positions included a 3.32 percent stake in Sonos as of December 2019.

### Where does Lake Street Advisors source deal flow?

The firm maintained relationships with YPO and Worth Media networks. It also sponsored the UNH Entrepreneurship Center and participated in the Best Ideas Growth Conference.

### Does Lake Street Advisors maintain philanthropic structures?

The firm provided investment management services to the Bilezikian Family Foundation and supported the New Hampshire Charitable Foundation during COVID-19 response efforts.

### What happened to Lake Street's alternative investment vehicles after the merger?

LSA Access Fund LP transferred to SCS Capital Management. The firm previously offered this private investment vehicle to clients.

## Related profiles

- [BAA Pension Scheme](https://altss.com/profile/baa-pension-scheme)
- [Hunter Point Capital](https://altss.com/profile/hunter-point-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/lake-street-advisors

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