Lake-wetlands provide humans with a diversity of ecological benefits, which are of great importance in guaranteeing regional, national, and global ecological security. In recent decades, scientists have been testing a variety of methodologies for incorporating ecosystem services into lake-wetland management. The main challenge is to manage lake-wetlands in order to reduce the unwanted tradeoffs and maintain a sustainable supply of lake-wetland ecosystem services. Based on the analysis of lake-wetland ecosystem services concept and connotation, this paper reviews the important progresses on evaluating ecosystem services, identifying impact driving factors, and revealing trade-offs among ecosystem services. We found that there are several constraints limiting the incorporation of ecosystem services into management and policy design. In order to advance the ecosystem services research for lake-wetland management, we suggest that future research should focus on:(1) strengthening ecosystem services monitoring on lake-wetland ecosystem characteristics metrics and final ecosystem services in order to gather the necessary datasets for creating ecological production functions; (2) developing integrated models for upscaling analysis and model applicability and accuracy; (3) establishing ecological risk assessment and diagnostic models to identify high risk areas and high risk types, and formation conditions for the changes in lake-wetland ecosystem services; (4) integrating ecosystem services assessment models and traditional ecological process models, to explore the coordinated optimization roads and regulation strategies for lake-wetland ecosystem services. This study aims to intensify and enrich the theories and methods of lake-wetland ecosystem services, and contribute to the advanced integration of ecosystem services into management and policy design.