Lake Financial Solutions - Madison / Meriden CPA - David Lake
Dave brings 25 years experience in the financial services industry to the business owners, retirees, and families throughout Connecticut, as well as other states, that he serves. Prior to starting Lake Financial Solutions, Dave worked for KPMG, Deloitte & Touche, Filomeno & Company, and was the CFO of two entrepreneurial start-ups where he was successful in raising $2.5 million in venture financing.
Dave is licensed as a Certified Public Accountant in the state of Connecticut, holds a Master’s degree in Business Administration from the University of Maryland and a Bachelor’s degree in Accounting from Southern Connecticut State University (SCSU). He enjoys giving back to SCSU by teaching accounting classes while mentoring some of his students since 2011. “I can’t be a doctor, I can’t stand the sight of blood, but I like helping people, so I have chosen to teach and impart some of my experience to my students.” Dave says.
In addition to teaching at SCSU, Dave shares his knowledge of the financial industry to members of various boards throughout the state. He has co-chaired the Central Connecticut Pet Fair for 10 years, which benefits the Meriden Rotary Foundation and other local pet-related non-profits. He sits on the board of directors for the Meriden YMCA and is the treasurer for the newly combined Meriden YMCA that has recently branched out to New Britain and Berlin. He also sits on the board of directors for the Napier Foundation, a local philanthropic charity, for the last nineyears; and has served as an alumni advisor to Sigma Chi’s Gamma Omega chapter at the University of Connecticut.
Dave realizes that there is a benefit to being a good communicator as an accountant. “The one thing that people struggle with the most is numbers, especially when it comes to running their business or home finances,” Dave says. “Having the ability to take everything that’s coming in and being able to compile them into a format that everyone can read, in English, so they can come away more knowledgeable about their business or personal finances, that’s helpful.”
He focuses on all phases of the wealth management process, including financial consulting and tax preparation. “I’m not a transactional guy, I don’t want to see people once a year when they need to file their taxes,” Dave admits. “I want to help them throughout the year. If they are buying a new building, retiring, moving, etc., I can help them figure out how to do it. I’m not charging for that phone call, but I’m building a better relationship.” He plans to continue to grow his practice and is pleased to now be included in the Five Star Wealth Manager ranks.
In his free time, Dave likes spending his time perfecting his Crossfit routines, volunteering in his community, and coaching youth soccer and playing with his dog, Jake. Dave moved back to Meriden ten years ago and resides in the house where he spent his childhood.