L
Lake State Financial Inc
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$6,433,621
Clients
11
18% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
11
LowAverage account size
$584,875
About
Lake State Financial Inc is a small, state‑registered independent investment adviser that provides discretionary portfolio management to a limited roster of clients, including individuals, high‑net‑worth clients, pooled investment vehicles, retirement plans, charitable organizations and businesses. The firm manages roughly $6.4 million in client assets and recently amended its brochure to discontinue offering financial planning services and educational seminars.
The firm primarily practices passive investment management by building portfolios of index mutual funds and ETFs, emphasizing asset allocation and periodic rebalancing, while also using fundamental, technical, cyclical and charting analysis to inform sector selection and portfolio positioning. Portfolios are implemented to match client‑specific investment policy statements and are managed on a discretionary basis.
Compared with many peers, Lake State operates at a very small scale as a sole‑practitioner firm with a compact client base, does not aggregate or block client trades, and does not provide written account reports to investment management clients. The firm also discloses it does not accept third‑party compensation or vote client proxies, and its business continuity plan notes there is no formal succession plan for continuation if the sole employee is unable to operate the business.
Client services
Portfolio management
Expertise
Passive / index investing
Fee options
$1 - $500,000: 2.00% $500,001 - $2,000,000: 1.50% $2,000,001+: 1.00%
Account minimum: $100,000 Minimum fee: $3,000 minimum annual fee Fee-only: Advisory fees based on assets under management; no commissions accepted; no other compensation received
Main office location
Lake State Financial Inc
Anchor Point AK, United States
Number of offices
1
Most active in
Lake State Financial Inc has reported serving >5 clients in these states in the last 12 months.
Alaska
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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