{"type":"ria_ranking","disclaimer":"Firm-level data as reported on Form ADV to the SEC and state regulators; corrections are made on Form ADV and appear after the next monthly reload.","title":"Largest independent RIAs by assets under management in South Dakota","lead":"As of October 2, 2026, Compass Financial Group, Inc ranked #1 in South Dakota in AdvisorIQ's ranking of largest independent RIAs by assets under management, with $1.5 billion.","as_of":"2026-10-02","facts":{"ranking":"Largest independent RIAs by assets under management","how_it_is_computed":"SEC-registered and state-registered firms that report RAUM, ranked by RAUM. Independent wealth management RIAs are ranked: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. The all wealth firms view ranks the same way with those broker-dealer affiliated firms added. Asset managers, private fund managers, pension consultants and platform managers are never ranked (see the methodology). RAUM is regulatory assets under management (Form ADV Item 5.F(2)(c)) as reported in each firm's latest Form ADV filing in the data of October 2, 2026, usually as of the firm's last fiscal year end. Firms reporting no RAUM are not ranked. State lists use each firm's main office state, or its registration state when the main office is not public. The US list leaves out firms whose main office is outside the United States. Equal values share a rank and are listed by CRD number.","unit":"usd","scope":"South Dakota","firms_listed":37,"rows":[{"rank":1,"crd":157109,"firm":"Compass Financial Group, Inc","city":"Sioux Falls","state":"SD","value":1482712000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/157109/"},{"rank":2,"crd":127616,"firm":"Elgethun Capital Management","city":"Sioux Falls","state":"SD","value":1139926422,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/127616/"},{"rank":3,"crd":109660,"firm":"Lauer Capital Management Ltd","city":"Sioux Falls","state":"SD","value":322739854,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/109660/"},{"rank":4,"crd":299593,"firm":"Big Sioux Wealth Management","city":"Watertown","state":"SD","value":235177047,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/299593/"},{"rank":5,"crd":297639,"firm":"Aspen Private Advisors, LLC","city":"Sioux Falls","state":"SD","value":199936645,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/297639/"},{"rank":6,"crd":169787,"firm":"Hahn Financial Group","city":"Sioux Falls","state":"SD","value":188686620,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/169787/"},{"rank":7,"crd":337331,"firm":"KFG, LLC","city":"Rapid City","state":"SD","value":188100000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/337331/"},{"rank":8,"crd":341361,"firm":"Prairie View Wealth Partners LLC","city":"Sioux Falls","state":"SD","value":171189306,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341361/"},{"rank":9,"crd":164428,"firm":"Applied Financial Wisdom","city":"Rapid City","state":"SD","value":130250000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/164428/"},{"rank":10,"crd":324168,"firm":"Impact Wealth Management","city":"Sioux Falls","state":"SD","value":103942094,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/324168/"},{"rank":11,"crd":152893,"firm":"Hyline Wealth","city":"Sioux Falls","state":"SD","value":103365471,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/152893/"},{"rank":12,"crd":147879,"firm":"Gabe Nelson Financial, Inc.","city":"Sioux Falls","state":"SD","value":91300000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/147879/"},{"rank":13,"crd":306496,"firm":"Astute Financial, LLC","city":"Rapid City","state":"SD","value":81609050,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/306496/"},{"rank":14,"crd":301995,"firm":"Make Way Wealth Management","city":"Sioux Falls","state":"SD","value":80500000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/301995/"},{"rank":15,"crd":169949,"firm":"Alternative Strategies Group, Inc.","city":"Sioux Falls","state":"SD","value":74235993,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/169949/"},{"rank":16,"crd":172142,"firm":"Thompson Private Wealth","city":"Sioux Falls","state":"SD","value":73793664,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/172142/"},{"rank":17,"crd":310877,"firm":"TDT Financial Inc","city":"Sioux Falls","state":"SD","value":45000000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/310877/"},{"rank":18,"crd":290743,"firm":"Iron Mountain Financial Planning","city":"Rapid City","state":"SD","value":42252031,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/290743/"},{"rank":19,"crd":154965,"firm":"Resolve Capital Management LLC","city":"Sioux Falls","state":"SD","value":41694265,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/154965/"},{"rank":20,"crd":167109,"firm":"Willkate Wealth Management, LLC","city":"Aberdeen","state":"SD","value":40820000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/167109/"},{"rank":21,"crd":327281,"firm":"Midwest Financial Strategies","city":"Watertown","state":"SD","value":39430366,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/327281/"},{"rank":22,"crd":287827,"firm":"Trew Advisors, LLC","city":"Rapid City","state":"SD","value":30450000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/287827/"},{"rank":23,"crd":158735,"firm":"Birch Investment Management, L.L.C.","city":"Brookings","state":"SD","value":23284648,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/158735/"},{"rank":24,"crd":285916,"firm":"Priority Investment Services, LLC","city":"Freeman","state":"SD","value":19643380,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/285916/"},{"rank":25,"crd":118531,"firm":"Myrna Mitchell, Mba, CFP","city":"Rapid City","state":"SD","value":18410000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/118531/"},{"rank":26,"crd":282421,"firm":"Optimum Wealth Management, LLC","city":"Pierre","state":"SD","value":18196713,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/282421/"},{"rank":27,"crd":164513,"firm":"Intelligent Investments","city":"Sioux Falls","state":"SD","value":17150000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/164513/"},{"rank":28,"crd":312903,"firm":"Adrionic Technologies LLC","city":"Sioux Falls","state":"SD","value":15353242,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/312903/"},{"rank":29,"crd":170436,"firm":"Pathway Investments, LLC","city":"Sioux Falls","state":"SD","value":6190000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/170436/"},{"rank":30,"crd":330985,"firm":"Skinner Financial Services","city":"Sioux Falls","state":"SD","value":4902859,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/330985/"},{"rank":31,"crd":304347,"firm":"Wealthier Way, LLC","city":"Sioux Falls","state":"SD","value":3281651,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/304347/"},{"rank":32,"crd":315891,"firm":"Castellum Capital Management LLC","city":"Sioux Falls","state":"SD","value":2839955,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/315891/"},{"rank":33,"crd":334364,"firm":"Klocker Investment Advisers","city":"Sioux Falls","state":"SD","value":2441528,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/334364/"},{"rank":34,"crd":166086,"firm":"Soaring Investment Management, LLC","city":"Sioux Falls","state":"SD","value":1544551,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/166086/"},{"rank":35,"crd":142700,"firm":"Pikila","city":"Sioux Falls","state":"SD","value":1169370,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/142700/"},{"rank":36,"crd":331714,"firm":"Ortman Finances, LLC","city":"Canistota","state":"SD","value":458661,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/331714/"},{"rank":37,"crd":322512,"firm":"Malcolm Capital Management LLC","city":"Sioux Falls","state":"SD","value":223401,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/322512/"}]},"sources":[{"url":"https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip","checked":"2026-10-07","label":"SEC, Information About Registered Investment Advisers (ia100226.zip)"},{"url":"https://adviserinfo.sec.gov/compilation","checked":"2026-10-07","label":"IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz)"}],"related":[{"title":"Largest independent RIAs by assets under management, nationally","url":"https://advisoriq.com/ria/rankings/largest/"},{"title":"RIA market data for South Dakota","url":"https://advisoriq.com/ria/states/south-dakota/"},{"title":"All RIA rankings","url":"https://advisoriq.com/ria/rankings/"},{"title":"How the directory is built","url":"https://advisoriq.com/ria/methodology/"}],"notes":["Firms marked as successors reported on Form ADV Item 4 that they succeeded to another adviser's business; their growth is shown as reported.","Each ranking lists at most the top 100 firms."],"url":"https://advisoriq.com/ria/rankings/largest/south-dakota/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/largest/south-dakota/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}