{"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 high net worth clients in South Dakota","lead":"As of October 2, 2026, Compass Financial Group, Inc ranked #1 in South Dakota in AdvisorIQ's ranking of independent RIAs with the most high net worth clients, with 304.","as_of":"2026-10-02","facts":{"ranking":"Independent RIAs with the most high net worth clients","how_it_is_computed":"Firms ranked by number of high net worth individual clients (Form ADV Item 5.D(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":35,"rows":[{"rank":1,"crd":157109,"firm":"Compass Financial Group, Inc","city":"Sioux Falls","state":"SD","value":304,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/157109/"},{"rank":2,"crd":127313,"firm":"Schwan Financial Advisors, LLC","city":"Aberdeen","state":"SD","value":255,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/127313/"},{"rank":3,"crd":299593,"firm":"Big Sioux Wealth Management","city":"Watertown","state":"SD","value":246,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/299593/"},{"rank":4,"crd":127616,"firm":"Elgethun Capital Management","city":"Sioux Falls","state":"SD","value":177,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/127616/"},{"rank":5,"crd":172142,"firm":"Thompson Private Wealth","city":"Sioux Falls","state":"SD","value":150,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/172142/"},{"rank":6,"crd":152893,"firm":"Hyline Wealth","city":"Sioux Falls","state":"SD","value":102,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/152893/"},{"rank":7,"crd":169949,"firm":"Alternative Strategies Group, Inc.","city":"Sioux Falls","state":"SD","value":71,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/169949/"},{"rank":8,"crd":297639,"firm":"Aspen Private Advisors, LLC","city":"Sioux 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Falls","state":"SD","value":40,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/147879/"},{"rank":13,"crd":324168,"firm":"Impact Wealth Management","city":"Sioux Falls","state":"SD","value":34,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/324168/"},{"rank":14,"crd":154965,"firm":"Resolve Capital Management LLC","city":"Sioux Falls","state":"SD","value":31,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/154965/"},{"rank":15,"crd":341361,"firm":"Prairie View Wealth Partners LLC","city":"Sioux Falls","state":"SD","value":28,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341361/"},{"rank":16,"crd":306496,"firm":"Astute Financial, LLC","city":"Rapid City","state":"SD","value":23,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/306496/"},{"rank":17,"crd":301995,"firm":"Make Way Wealth Management","city":"Sioux Falls","state":"SD","value":21,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/301995/"},{"rank":18,"crd":310877,"firm":"TDT Financial Inc","city":"Sioux Falls","state":"SD","value":19,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/310877/"},{"rank":18,"crd":327281,"firm":"Midwest Financial Strategies","city":"Watertown","state":"SD","value":19,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/327281/"},{"rank":20,"crd":170436,"firm":"Pathway Investments, LLC","city":"Sioux Falls","state":"SD","value":18,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/170436/"},{"rank":21,"crd":290743,"firm":"Iron Mountain Financial Planning","city":"Rapid City","state":"SD","value":14,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/290743/"},{"rank":22,"crd":158735,"firm":"Birch Investment Management, L.L.C.","city":"Brookings","state":"SD","value":11,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/158735/"},{"rank":23,"crd":118531,"firm":"Myrna Mitchell, Mba, CFP","city":"Rapid City","state":"SD","value":10,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/118531/"},{"rank":23,"crd":167109,"firm":"Willkate Wealth Management, LLC","city":"Aberdeen","state":"SD","value":10,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/167109/"},{"rank":25,"crd":315891,"firm":"Castellum Capital Management LLC","city":"Sioux Falls","state":"SD","value":9,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/315891/"},{"rank":26,"crd":334364,"firm":"Klocker Investment Advisers","city":"Sioux Falls","state":"SD","value":6,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/334364/"},{"rank":27,"crd":282421,"firm":"Optimum Wealth Management, LLC","city":"Pierre","state":"SD","value":5,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/282421/"},{"rank":28,"crd":285916,"firm":"Priority Investment Services, LLC","city":"Freeman","state":"SD","value":4,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/285916/"},{"rank":28,"crd":287827,"firm":"Trew Advisors, LLC","city":"Rapid City","state":"SD","value":4,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/287827/"},{"rank":28,"crd":330985,"firm":"Skinner Financial Services","city":"Sioux Falls","state":"SD","value":4,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/330985/"},{"rank":31,"crd":164513,"firm":"Intelligent Investments","city":"Sioux Falls","state":"SD","value":2,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/164513/"},{"rank":31,"crd":331714,"firm":"Ortman Finances, LLC","city":"Canistota","state":"SD","value":2,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/331714/"},{"rank":33,"crd":142700,"firm":"Pikila","city":"Sioux Falls","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/142700/"},{"rank":33,"crd":164428,"firm":"Applied Financial Wisdom","city":"Rapid City","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/164428/"},{"rank":33,"crd":312903,"firm":"Adrionic Technologies LLC","city":"Sioux Falls","state":"SD","value":1,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/312903/"}]},"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":"Independent RIAs with the most high net worth clients, nationally","url":"https://advisoriq.com/ria/rankings/most-hnw-clients/"},{"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/most-hnw-clients/south-dakota/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/most-hnw-clients/south-dakota/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}