Question 1

What qualifications should I look for in a financial advisor in Alaska?

Accepted Answer

The qualifications that you should look for in a financial advisor include years of relevant experience in providing advisory services to people in Alaska and ensuring that an advisor has the necessary licenses and registrations with trusted regulatory bodies such as FINRA and the SEC. To learn more, read the guide on  how to use FINRA's BrokerCheck tool to evaluate a financial advisor's credentials.

Question 2

How can a financial advisor in Alaska help with retirement planning?

Accepted Answer

A financial advisor in Alaska can help you plan for retirement by assessing your current financial situation, determining your retirement goals, and creating a personalized retirement plan. They may consider factors like your desired retirement age, lifestyle expectations, and risk tolerance to determine the savings needed. Advisors can also help select suitable retirement accounts like IRAs, 401(k)s, etc., guide investment decisions, analyze Social Security benefits, and provide the guidance you need for a successful retirement. If you are seeking to learn more about how a financial advisor can help you secure your financial future in retirement, learn more about  why you should hire a retirement advisor.

Question 3

How much does a financial advisor in Alaska typically charge for their services?

Accepted Answer

The cost of hiring a financial advisor in Alaska varies depending on the advisor's experience, services, and fee structure. Financial advisors typically charge a percentage of assets under management, ranging from approx. 1.02% or a fixed rate of approx. $7,500 and above. Meanwhile, other advisors charge an hourly rate, flat fees, or based on commission. It's important to understand an advisor's fee structure and any potential conflicts of interest before engaging in their services. To get a better understanding of how financial advisors charge and the factors influencing their fees, read more on  What is the cost of a financial advisor?

Question 4

What services do financial advisors in Alaska typically offer?

Accepted Answer

Financial advisors listed on our directory for the state of Alaska provide a variety of financial services such as investment planning, retirement planning, wealth management, education planning, tax planning, estate planning, and more. In the "Advisory Services Provided" section, you will be able to confirm which services are provided by each advisor. To further explore how financial advisors can support you for your specific financial situation read  who financial advisors are and what they do.

Question 5

How do I know if a financial advisor in Alaska specializes in areas that are relevant to my financial goals?

Accepted Answer

To determine if a financial advisor in Alaska specializes in areas relevant to your financial goals, it is best practice to review their financial credentials and certifications. Financial advisors listed on our directory for the state of Alaska specialize in a wide range of services, including retirement planning, investment management, estate planning, tax planning, insurance planning, and wealth management. To identify an advisor's particular area of specialization, simply click the "View full profile" button next to any vetted financial advisor listed in our directory. Here you can access detailed information about an advisor's services, fees, credentials, and more. In the "Advisory Services Provided" section, you will be able to verify the specific services offered by the advisor.

Question 6

What are the key factors to consider when choosing a financial advisor in Alaska?

Accepted Answer

When choosing a financial advisor in Alaska, it's important to consider key factors including an advisor's qualifications, experience, and method of compensation. Additionally, it's important to consider their investment philosophy, approach to financial management, and whether a financial advisor is bound to act in your best interests. To ensure you are making an informed decision and choosing the right financial advisor to manage your finances, we recommend our guide on the  5 Things to Consider When Hiring a Financial Advisor.

Question 7

What questions should I ask a potential financial advisor in Alaska during the initial consultation?

Accepted Answer

During the initial consultation with a potential financial advisor in Alaska, it's recommended to ask them about their experience, areas of expertise, investment philosophy, fee and compensation methods, and their approach to financial planning. You should also ask about their fiduciary duty, which means they are legally and ethically bound to act in your best interests. It's important to choose an advisor who communicates clearly and transparently and whose values align with your own. To further understand if a financial advisor is best suited to your financial needs, consider using the following 10 key questions you should ask your financial advisor.

Question 8

What is the typical cost structure for financial advisory services in Alaska?

Accepted Answer

Financial advisors in Alaska can be compensated through fees, commissions, or a mix of both. Fee-only advisors charge fees solely for their services and don't earn commissions from product sales. Fee-based advisors may follow a hybrid model, combining commissions and fees. Commission-based advisors earn their income solely by selling financial products and receive a percentage of the sale. To learn more about financial advisor fees and the factors affecting them, explore  the costs of hiring a financial advisor.

Question 9

Can I read reviews or testimonials from other clients who have worked with financial advisors in Alaska?

Accepted Answer

Yes, reading reviews or testimonials from other clients who have worked with a financial advisor in Alaska can be helpful when choosing a financial advisor best suited for your goals. You may also want to consider your specific financial needs, conduct thorough background checks, look for relevant credentials, and research advisor's fee structures. By following these steps, you can make a more informed choice when selecting a financial advisor who meets your specific needs and demonstrates the necessary credentials and ethical standards. For more information, refer to this guide on  choosing the best financial advisor in Alaska.

Question 10

Are there financial advisors in Alaska who have experience working with specific industries or professions?

Accepted Answer

Yes, there are financial advisors who specialize in working with specific industries or professions. Whether you're a medical professional, business owner, athlete, or in other specialized fields, you may benefit from the assistance of a financial advisor. These financial professionals can offer tailored guidance due to their deep understanding of industry-specific financial challenges and opportunities. When searching for a financial advisor with experience in a specific industry or profession, it's essential to research their background, qualifications, and expertise to ensure they have the necessary knowledge to address your financial goals and challenges effectively. To further explore how financial advisors listed on our directory for the state of Alaska can support you, learn more about  the different types of financial advisors and their areas of expertise.

Question 11

What steps can I take to effectively manage my retirement portfolio in Alaska?

Accepted Answer

To effectively manage your retirement portfolio in Alaska, start by assessing your current financial situation, including income, expenses, assets, and debts. Followed by setting clear retirement goals based on your desired lifestyle and age of retirement, diversifying your portfolio to manage risk, and regularly reviewing and adjusting your investments as necessary based on market trends. While managing your portfolio independently can be appealing, consider the benefits of working with a professional financial advisor who can offer personalized guidance tailored to your specific needs. To make informed decisions about managing your retirement portfolio, read  DIY Money Management vs. Hiring a Professional for Your Financial Needs.

Question 12

What types of investments can a financial advisor help me with in Alaska?

Accepted Answer

A financial advisor in Alaska can help you with a variety of investments, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and alternative investments. The specific investments an advisor may recommend will depend on your goals, risk tolerance, market conditions, and more. It's important to work with an advisor who can help you develop a diversified investment strategy that aligns with your financial goals. If you are looking to improve your investment strategies, read  Why Professional Investment Management May Be Right For You.

Question 13

What are the benefits of working with a financial advisor in Alaska?

Accepted Answer

Working with a financial advisor in Alaska can offer many benefits. As the advisor's client, you can benefit from the advisor's extensive knowledge, experience, and perspective resulting in you gaining peace of mind. Working with a financial advisor can also save you time managing your finances, help minimize investment risks, and potentially increase your investment returns as they can also help you identify areas of financial weakness and recommend strategies for improvement. To learn more, read  The Benefits Of Working With A Financial Advisor.

Question 14

Do I need a financial advisor if I have a small portfolio?

Accepted Answer

Yes, financial advisors in Alaska can provide valuable guidance and support regardless of the size of your portfolio. Even with a small amount to invest, an advisor can help you develop a tailored plan to reach your financial goals, mitigate risks, and make informed financial decisions. To explore how financial advisors can assist with investment management and grow your portfolio, read more about the impact of asset allocation on your portfolio.

Question 15

How often should I meet with my financial advisor in Alaska?

Accepted Answer

How often you should meet with your financial advisor in Alaska may depend on your specific financial situation and goals. For complex finances, you may need to meet with your financial advisor weekly or monthly, while for those with regular income and simpler investments, quarterly or annual meetings may be enough. Your advisor can assist in determining the suitable meeting frequency based on your circumstances. Read on to learn more about  how often you should meet with your advisor.


ALASKA PERMANENT CAPITAL MANAGEMENT COAnchorage, AK	13	180	$4,013,615,571	A percentage of AUM, Fixed fees
LATASH INVESTMENTS, LLCAnchorage, AK	7	12	$1,649,021,511	A percentage of AUM, Fixed fees
MCKINLEY CAPITAL MANAGEMENT, LLCAnchorage, AK	10	301	$995,884,154	A percentage of AUM, Fixed fees, Performance Based, Other (3RD PARTY PRIVATE EQUITY REFERRALS)
ALASKA WEALTH ADVISORSAnchorage, AK	14	2004	$874,935,474	A percentage of AUM, Hourly charges, Fixed fees
SHILANSKI & ASSOCIATES, INC.Anchorage, AK	16	2309	$386,739,716	A percentage of AUM, Hourly charges, Subscription fees, Fixed fees, Commission Based
BRIGHT ROAD WEALTH MANAGEMENT, LLCAnchorage, AK	12	1919	$349,477,061	A percentage of AUM, Hourly charges
ARBOR CAPITAL MANAGEMENT INCAnchorage, AK	11	462	$322,921,039	A percentage of AUM, Hourly charges
HEISTEN FINANCIAL, LLCAnchorage, AK	4	490	$168,715,791	A percentage of AUM, Hourly charges, Fixed fees
RH BUCHANANAnchorage, AK	2	53	$165,168,575	A percentage of AUM, Hourly charges
MCKINLEY ALASKA PRIVATE INVESTMENTS, LLCAnchorage, AK	15	3	$135,667,537	A percentage of AUM, Performance Based
PT CAPITAL ADVISORS, LLCAnchorage, AK	8	2	$118,708,116	A percentage of AUM, Performance Based

Find Top Financial Advisors in Alaska

How To Find Trusted Financial Advisors in Alaska

WiserAdvisor Reviews

Top Financial Advisory Firms in Alaska

Frequently Asked Questions