Lokken Chesnut & Cape, Incorporated (La Crosse)


Lokken Chesnut & Cape, Incorporated is a large advisory firm based in La Crosse. It manages $125.3 million of regulatory assets for 323 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Minnesota, and Wisconsin.

Lokken Chesnut & Cape, Incorporated provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lokken Chesnut & Cape, Incorporated: assets under management

The assets under management (AUM) of Lokken Chesnut & Cape, Incorporated is $125.3 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $109.32 million in discretionary accounts and $15.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $726.25 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lokken Chesnut & Cape, Incorporated for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Lokken Chesnut & Cape, Incorporated

Michael Alan Reindl has been acting as President since 1 Sep 1998. Michael Joseph Falbo joined the executive team most recently as the Chairman Of Board.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Daniel Lee Westrope Director 1 Sep 1990 Other 2475815
James Cape Naleid President; senior investment officer 1 May 1991 Other 1019392
Jeffrey Melvin Lokken Ceo; chief investment officer 1 Mar 1993 Other 1156819
Paul Howard Robinson Senior executive vice president; secretary/treasurer 1 Nov 1997 Other 4358922
Michael Joseph Falbo Chairman of board 1 Sep 1998 Other 4358926
Michael Alan Reindl Director 1 Sep 1998 Other 4358933
State Financial Services Corporation Shareholder 1 Sep 1998 75% - 100% 39-1489983

Based in La Crosse

The principal office where Lokken Chesnut & Cape, Incorporated performs its advisory services is located at 201 Main St Ste 200, La Crosse, WI 54601, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 608-782-6470 or by fax 608-782-7880. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.lccape.com.