Lake State Financial Inc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
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
Expertise
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
Anchor Point AK
Advisors at this office
1
Most active in
Alaska
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
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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