{"type":"ria_state","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 in South Dakota","lead":"As of October 2, 2026, 42 independent wealth management RIAs based in South Dakota reported $5.0 billion in regulatory assets under management; the largest by assets was Compass Financial Group, Inc, with $1.5 billion.","as_of":"2026-10-02","facts":{"state":"South Dakota","code":"SD","population":"Independent wealth management RIAs: 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. Asset managers, private fund managers and pension consultants are not in the 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assets under management in South Dakota","url":"https://advisoriq.com/ria/rankings/largest/south-dakota/"},{"title":"Fastest-growing independent RIAs over one year in South Dakota","url":"https://advisoriq.com/ria/rankings/fastest-growing/south-dakota/"},{"title":"Fastest-growing independent RIAs over three years in South Dakota","url":"https://advisoriq.com/ria/rankings/fastest-growing-3-year/south-dakota/"},{"title":"Fastest-growing independent RIAs over five years in South Dakota","url":"https://advisoriq.com/ria/rankings/fastest-growing-5-year/south-dakota/"},{"title":"IAR CE in South Dakota","url":"https://advisoriq.com/ce/iar/south-dakota/"}],"notes":["Firms are placed in the state of their main office.","History covers SEC-registered firms only, from October 2018."],"url":"https://advisoriq.com/ria/states/south-dakota/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/south-dakota/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}