Best interest
Registered investment advisers have a fiduciary duty to act in their clients’ best interest and to disclose material conflicts of interest.
About the firm
Tennessee roots, a fiduciary standard
Lake Park Advisors began in July 2015 inside a Johnson City accounting practice, when tax clients asked for investment guidance from an adviser they trusted.
Our history
From tax clients to an advisory firm
The firm grew out of a Johnson City accounting practice. As the practice grew, a number of its tax clients said they wanted a place to turn for investment management: someone who understood taxes and who was not a salesperson earning commissions on products.
Lake Park Advisors was founded in July 2015 to meet that need as a Registered Investment Advisor in the State of Tennessee. It has operated continuously for more than eleven years. Because the advisory and accounting teams work in the same office, they can discuss the tax side of an investment decision with each other, though Lake Park Advisors does not provide tax or legal advice.
Today the firm’s clients are mainly in Tennessee, along with some in other states. We keep our team small so that clients work directly with the people who manage their portfolios.
Fiduciary standard
What fee-only means for you
Direct compensation
We are paid by clients through advisory fees. We do not receive commissions from product sales.
Open disclosure
Our fees, services and conflicts of interest are set out in Form CRS and Form ADV Part 2A.
Lower costs do not guarantee higher returns. Advisory fees, trading costs and taxes still apply, and portfolios can lose value.
Our partners
The people managing your portfolio
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Austin Reppart
Investment Adviser Representative
Studied exercise science, including an internship with a university sports program, and expected to become a professor. On the advice of Richard Eddy, who suggested earning rather than taking on graduate debt, joined the practice in 2015.
Has worked in the business for more than eleven years, holds the Series 65 securities license, and learned financial-statement analysis and tax-aware investing directly from Mr. Eddy.
Raised in an entrepreneurial household and drawn to the analytical side of investing. Outside the office: triathlon and endurance sports, college football, and time with family.
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Richard Eddy
Partner · CPA · CFP®
A CPA and CFP® professional whose career in accounting spans decades. Formerly an accounting professor, he relocated from Ohio to Johnson City, where he established the accounting practice that became the foundation for Lake Park Advisors.
Developed the research process the firm uses to evaluate securities, drawing on his background in reading financial statements.
Outside the office: gardening and travel, and time with his family.
Professional designations are awarded by their respective organizations. Credentials and licenses are provided for information only; registration does not imply a certain level of skill or training. Additional background on advisory personnel is in Form ADV Part 2B, available on request.
Interested in learning more?
4718 Lake Park Drive, Suite 1, Johnson City, TN 37615