In Alaska state financial advisory services must be properly registered and provide an Alaska state investment advisor bond. Alaska statute defines a “state investment advisor” as a person who for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities, or who for compensation and as a part of a regular business, issues or promulgates analyses or reports concerning securities, or engages in the State of Alaska in the business of managing an investment or trading account in securities for other persons. The Alaska state investment advisor surety bond must be written in the amount of $35,000 if the SIA has custody of client funds or securities, and $10,000 if the SIA has discretionary authority over, but does not have custody of client funds or securities. The bond protects any person who suffers any damages and has a cause of action under AS 45.55.930 in connection with the principal’s business as a state investment adviser. Surety One, Inc., is the best resource for the bonding needs of the financial sector. We will issue these bonds for ALL qualified and experienced applicants regardless of temporary fluctuations in financial statements or credit condition. We also offer superlative broker dealer fidelity bond coverages to protect against losses due to employee dishonesty. Visit the nation’s surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for an Alaska state investment advisor bond application or information about any broker dealer or investment adviser need in any state where one may be required.
