{"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":"Independent RIAs with the most advisory staff in South Dakota","lead":"As of October 2, 2026, Elgethun Capital Management ranked #1 in South Dakota in AdvisorIQ's ranking of independent RIAs with the most advisory staff, with 10.","as_of":"2026-10-02","facts":{"ranking":"Independent RIAs with the most advisory staff","how_it_is_computed":"Firms ranked by employees who perform investment advisory functions, including research (Form ADV Item 5.B(1)), in the data of October 2, 2026. SEC-registered and state-registered firms are both ranked. 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). 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":"count","scope":"South Dakota","firms_listed":41,"rows":[{"rank":1,"crd":127616,"firm":"Elgethun Capital Management","city":"Sioux Falls","state":"SD","value":10,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/127616/"},{"rank":1,"crd":337331,"firm":"KFG, LLC","city":"Rapid City","state":"SD","value":10,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/337331/"},{"rank":3,"crd":169787,"firm":"Hahn Financial Group","city":"Sioux Falls","state":"SD","value":9,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/169787/"},{"rank":4,"crd":157109,"firm":"Compass Financial Group, Inc","city":"Sioux 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Strategies","city":"Watertown","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/327281/"},{"rank":13,"crd":330985,"firm":"Skinner Financial Services","city":"Sioux Falls","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/330985/"},{"rank":13,"crd":331714,"firm":"Ortman Finances, LLC","city":"Canistota","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/331714/"},{"rank":13,"crd":334364,"firm":"Klocker Investment Advisers","city":"Sioux Falls","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/334364/"},{"rank":13,"crd":337280,"firm":"Lapistone Advisors LLC","city":"Sioux 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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/most-advisory-staff/south-dakota/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/most-advisory-staff/south-dakota/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}