# Largest independent RIAs by assets under management in South Dakota

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
Address: https://advisoriq.com/ria/rankings/largest/south-dakota/

## 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, 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: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/322512/

## 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.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation

## Related

- [Largest independent RIAs by assets under management, nationally](https://advisoriq.com/ria/rankings/largest/)
- [RIA market data for South Dakota](https://advisoriq.com/ria/states/south-dakota/)
- [All RIA rankings](https://advisoriq.com/ria/rankings/)
- [How the directory is built](https://advisoriq.com/ria/methodology/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/largest/south-dakota/

License: https://advisoriq.com/license/