Alaska RIA Landscape — 2025

A data-driven overview of SEC-registered wealth advisory firms headquartered in Alaska, including growth trends, succession risk analysis, and M&A opportunity signals.

Source: SEC Form ADV · Updated Q4 2024

Total Firms

14

Total AUM?

$5.6B

Median AUM

$205M

13F Filers

4

AUM Tier Distribution

Under $100M2

$100M–$500M9

$500M–$1B2

$1B–$5B1

$5B+0

State Snapshot

Total Firms14

Total AUM$5.6B

Median AUM$205M

13F Filers4

High Succession Risk1

Elevated Succession Risk1

Succession Risk Breakdown

High

1 firms (7%)

Elevated

1 firms (7%)

Moderate

7 firms (50%)

Lower

5 firms (36%)

Growth Leaders — Wealth Advisory Firms

Firm	City	AUM	3Y CAGR	Succession
BRIGHT ROAD WEALTH MANAGEMENT, LLC	ANCHORAGE	$349M	+24.2%	Lower
SHILANSKI & ASSOCIATES, INC.	ANCHORAGE	$420M	+16.8%	Moderate
APCM WEALTH MANAGEMENT FOR INDIVIDUALS, LLC	ANCHORAGE	$925M	+16.2%	Moderate
LATASH INVESTMENTS, LLC	ANCHORAGE	$1.5B	+14.4%	High
ARBOR CAPITAL MANAGEMENT INC	ANCHORAGE	$348M	+7.2%	Elevated
HEISTEN WRENN PRIVATE WEALTH, LLC	ANCHORAGE	$232M	+6.0%	Moderate

M&A Opportunity Signals

🎯

2Acquisition candidates

Firms with elevated/high succession risk and AUM $100M–$5B

📈

1Growing but vulnerable

Positive 3Y CAGR with high succession risk — attractive for acquirers

📉

0Mid-market shrinking

AUM $100M–$1B with negative 3Y CAGR and elevated+ succession risk

🔒 Top 25 Acquisition Targets — Ranked by Composite Score

Rank	Firm	AUM	Score
1	LATASH INVESTMENTS, LLC	$1.5B	45.7
2	ARBOR CAPITAL MANAGEMENT INC	$348M	26

🔒

Acquisition Target Rankings

Full ranked list of 25 acquisition targets with composite scores based on succession risk, growth trajectory, and peer benchmarking.

Methodology. This report covers SEC-registered investment advisers classified as wealth advisory firms (filter: is_wealth_advisory = true) headquartered in Alaska. AUM figures are drawn from the most recent Form ADV filing. Succession risk tiers are computed using a proprietary 5-pillar model incorporating founder tenure, ownership concentration, AUM dependency, team depth, and filing recency. Growth CAGR is calculated from the three most recent annual filings where available. Acquisition scores blend succession risk (40%), AUM growth trajectory (35%), and national peer rank (25%). Data sourced from SEC EDGAR. This page is for informational purposes only and does not constitute investment advice.