Financial advisors
Fee-only financial advisors in South Dakota
18 fee-only investment advisers in South Dakota serve individuals, across 7 cities. 14 offer hourly or flat-fee arrangements and 6 are registered with the SEC; the rest are registered with the state securities regulator. Each listing comes from the firm’s own Form ADV filing, as of November 6, 2026.
Cities with three or more fee-only advisers
Fee-only advisers in South Dakota serving the most individuals
- Alternative Strategies Group, Inc. Sioux Falls · 687 individual clients
- Elgethun Capital Management Sioux Falls · 294 individual clients
- Gabe Nelson Financial, Inc. Sioux Falls · 202 individual clients
- Thompson Private Wealth Sioux Falls · 189 individual clients
- Impact Wealth Management Sioux Falls · 124 individual clients
- Hi-Line Capital Management, LLC Watertown · 117 individual clients
- KFG, LLC Rapid City · 100 individual clients
- Parvin Asset Management, LLC Sioux Falls · 94 individual clients
- Lauer Capital Management Ltd Sioux Falls · 90 individual clients
- Iron Mountain Financial Planning Rapid City · 69 individual clients
Looking for an adviser in South Dakota?
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Other South Dakota cities
How to choose between them
- Decide how you want to pay. Hourly and flat-fee planners suit people who want a plan and will implement it themselves. A percentage-of-assets fee buys ongoing investment management; on $1 million at 1% that is $10,000 a year, every year.
- Check the SEC record. Each listing links to the firm’s page on the SEC’s Investment Adviser Public Disclosure site, where you can read the Form ADV Part 2 brochure (fees, minimums, conflicts) and any disciplinary history.
- Ask who you will actually work with and what credentials they hold. The advisor versus consultant guide explains which titles are regulated and which are marketing.
- Ask about minimums. Form ADV Part 1 does not record account minimums, so they are not shown here. Many asset-based firms require $500,000 or more; hourly planners usually have none.
- Get the fee in writing before you sign, including fund expenses and any platform or custody charges on top.