What Lake House offers
Lake House Private Wealth Management is a DBA of MGO One Seven, LLC — an SEC-registered investment adviser. We tuck in independent advisors who want institutional infrastructure without the constraints of where they came from.
Six things we offer:
— Custody at Schwab and Fidelity — the same institutions the largest firms use, accessed directly without the platform taking a cut
— Institutional reporting and operations through Orion and MGO One Seven's compliance infrastructure — you focus on clients, not paperwork
— Higher payout economics structured for a real business, not a quota — actual numbers in a confidential conversation
— Genuine access to alternatives through Alta Vera Global Capital Advisors (Chris Gatsch's other firm, backed by Merchant Investment Management) — private credit, direct indexing, capital markets resources most independent firms can't access on their own
— Real autonomy over your book — you own the client relationships, you make the investment decisions, you don't get reassigned, redistributed, or asked to push products you don't believe in
— A deliberate, confidential transition — coordinated repapering, technology migration, communications support, all structured to protect client relationships during the move
Who this is for
Lake House isn't trying to be everyone's home. We're the right fit if three or more of these describe you:
— $50M+ in AUM, typically managed individually or with a small team — 5+ years in the industry, at any combination of wirehouse, broker-dealer, RIA, or bank — Genuine specialty depth — executive comp, M&A planning, professional services, healthcare, aviation, or another defined practice — Frustration with platform constraints — whatever form they take where you are now — Ready to operate as a fiduciary — in spirit and in fact
If three or more describe you, we'd value a confidential conversation. If not, Lake House probably isn't your home — and we'll tell you that quickly.
What we don't do
In the interest of saving everyone time:
— We don't recruit advisors who aren't ready to be fiduciaries. If your practice is heavily commission-based and you're not interested in transitioning, we're not the right fit.
— We don't run bidding wars for AUM. Our economics reward production, not signing bonuses. If you're shopping for the highest forgivable note, you'll find better numbers elsewhere.
— We don't promise infrastructure we can't deliver. If you need a 30-person operations team or a captive trading desk, Lake House is too small for you. If you want true partnership at a scale where the founder still answers your phone calls personally, we might be the right fit.
— We don't recruit on a calendar. We move when the right advisor finds us, not against a quarterly recruiting target.
Who you'd be talking to
These conversations are with Chris Gatsch, Founder and Managing Partner of Lake House. Chris spent a decade at Merrill Lynch and JPMorgan before founding Lake House, and serves as Co-Founder and COO of Alta Vera Global Capital Advisors. He's made the independence move himself — and he understands what's at stake when you're considering it.
A note on confidentiality
Every conversation begins under NDA. Lake House understands the sensitivity of these decisions. Your current firm doesn't hear about it from us. Your team doesn't hear about it from us. Your clients don't hear about it from us. Discretion is the whole point.
Next steps
If you'd like to explore whether Lake House could be your next chapter:
Email Chris directly: chris.gatsch@lakehouse-wealth.com
Reference "Advisor Partnerships" in the subject line. Chris will respond personally within 24 hours to arrange a confidential, no-obligation conversation.
