Shilanski & Associates, Inc. (Anchorage)

Name: Shilanski & Associates, Inc.
Address: 431 West Seventh Avenue, Anchorage, AK, 99501
Telephone: 907-278-1351

Shilanski & Associates, Inc. is a large advisory firm based in Anchorage. It manages $152.65 million of regulatory assets for 1,287 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Shilanski & Associates provides financial planning services, portfolio management for individuals and small businesses, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shilanski & Associates: assets under management

The assets under management (AUM) of Shilanski & Associates, Inc. is $152.65 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 143% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $152.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $118.61 thousand each.

Investments

The firm invests in non-exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shilanski & Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Shilanski & Associates serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Shilanski & Associates is individuals with 369 clients and $106.01 million of assets under management. Among the 9 most similar advisory firms, Shilanski & Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $152.65 million for 410 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Shilanski & Associates doesn't advise any private funds.

Careers at Shilanski & Associates, Inc.

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Floyd Lee Shilanski	President and director	1 Jul 1981	25% - 50%	1128560
Rosa Carlene Shilanski	Vice president and director	1 Jul 1981	25% - 50%	2310138
Micah Vincent Shilanski	Chief compliance officer, director and minority equity owner	1 Aug 2002	Other	4540876
Jamie Carlene Shilanski	Director and minority equity owner	1 Aug 2002	Other	4540918
Jeffrey Kelvin	Chief compliance officer	1 Mar 2016	Other	6614864

Based in Anchorage

The principal office where Shilanski & Associates, Inc. performs its advisory services is located at 431 West Seventh Avenue, Anchorage, AK 99501, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 907-278-1351 or by fax 907-278-4237. The normal business hours are m-thurs.:9-4/fri 9-noon on Other. You can find more information about the New York firm at shilanski.com.