Latash Investments, LLC (Anchorage)

Latash Investments, LLC is a large advisory firm based in Anchorage. It manages $1.09 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alaska and New York.

Latash Investments provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and provide financial reporting and operational services for some clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Latash Investments: assets under management

The assets under management (AUM) of Latash Investments, LLC is $1.09 billion. The firm's AUM has grown by 81% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $802.62 million in discretionary accounts and $282.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $80.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $94.13 million.

Latash Investments has custody of $293.08 million in cash and securities for 5 clients in total and acts as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in government bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Latash Investments, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Gary Jay Dalton serves?

The only and largest group of clients of Gary Jay Dalton is high net worth individuals with 5 clients and $126.63 million of assets under management. Among the 12 most similar advisory firms, Latash Investments has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $126.63 million for 5 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.

Latash Investments also advises several private funds. Namely, one real estate fund and two other private funds.

Careers at Latash Investments, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gary Jay Dalton has been acting as President since 1 Aug 2002. Inc. Latash joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Jay Dalton	Chief executive officer, president	1 Jun 2002	Other	4247104
Gary Jay Dalton	President	1 Aug 2002	Other	4247104
Llc Latash	Member	1 Aug 2002	75% - 100%	92-0177503
Petter Sigurd Jahnsen	Chief compliance officer/cio	1 Oct 2004	Other	1161297
Inc. Latash	Owner	1 Apr 2005	75% - 100%	20-2614316

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edward Rasmussen	Owner	1 Sep 2001	75% - 100%	4694007
Edward Rasmuson	Owner	1 Sep 2001	75% - 100%	4694007
Edward Rasmussen	Owner	1 Aug 2002	75% - 100%	4694007
Gary Jay Dalton	Shareholder	1 Apr 2005	50% - 75%	4247104

Based in Anchorage

The principal office where Latash Investments, LLC performs its advisory services is located at 301 W. Northern Lights Blvd.,, Anchorage, AK 99503, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 907-868-7580 or by fax 907-868-7582. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday.