January 2025 – Heritage Lake Advisors, formerly The Labourdette Financial Group, a respected wealth management practice with a national presence and multiple offices throughout Upstate NY, has been named to the distinguished Forbes 2025 Best-in-State Wealth Management Teams list for High-Net-Worth Individuals.
The Forbes Best-in-State Wealth Management Teams list, developed by SHOOK Research, is the result of a rigorous evaluation process that analyzes a wide range of qualitative and quantitative factors. These include depth of industry experience, a strong focus on best practices, compliance records, and quantitative data such as revenue trends and assets under management.
“It is an honor to be recognized by Forbes as one of the Best-in-State Wealth Management Teams,” stated David M. Labourdette, Partner and Senior Wealth Advisor at Heritage Lake. “I believe this acknowledgment is a direct result of our team’s unwavering commitment to providing clients with sound financial guidance and a tailored client experience. We deeply appreciate the trust our clients place in us and remain steadfast in our dedication to helping them pursue their financial aspirations.”
Heritage Lake Advisors provides a comprehensive suite of wealth management services designed to assist high-net-worth individuals, families, and their organizations in pursuing their financial objectives. The practice’s core services include sophisticated investment management strategies, tax-efficient planning techniques, comprehensive financial planning, retirement income planning, and estate planning strategies.
About Heritage Lake Advisors
Heritage Lake Advisors is a wealth management practice with a national presence and multiple offices throughout Upstate NY. The practice offers comprehensive financial planning services, including retirement planning, estate planning, investment management, and tax planning strategies. The team at Heritage Lake Advisors is committed to providing objective guidance tailored to each client’s individual needs and goals. Heritage Lake Advisors works primarily with individuals and families, offering support as they navigate their financial decisions. They are proud of their community efforts, including their focus on helping educate and support local teachers in their retirement planning.
About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 44 licensed local editions in 77 countries.
About SHOOK Research
SHOOK Research is a leading financial industry research firm that performs in-depth due diligence and evaluation of wealth advisors and financial teams, utilizing quantitative and qualitative measures.
Contact:
Rachel Whittaker
Client Relationship Manager
rachel@heritagelakeadvisors.com
607-366-2140
Disclaimer:
Securities and investment advisory services offered through &Partners, LLC, a broker-dealer and investment adviser registered with the U.S. Securities and Exchange Commission and member FINRA, SIPC.
2025 Forbes Best-in-State Wealth Management Teams: Awarded January 2025; Data compiled by SHOOK Research LLC based on the time period from 3/31/23 – 3/31/24 (Source: Forbes.com). The Forbes Best-in-State Wealth Management Teams rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue, and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. High net worth teams focus primarily on households with accounts under $10 million—at least to start; however, these teams are entirely competent to work with far more affluent clients and most do.
SHOOK does not receive any compensation in exchange for placement on its rankings. Heritage Lake Advisors is not affiliated with Forbes or Shook Research, LLC.
