Top 7 financial advisor firms in Des Moines

7 SEC-registered financial advisor firms are headquartered in Des Moines, IA, with $3.8B in combined regulatory assets under management. The largest by assets are Legacy Financial Group ($1.01B), DMKC Advisory Services ($903M) and West Financial Advisors ($674M).

7
Financial advisor firms: $3.8B
Their combined AUM: $568M
Median firm AUM: 5,963
Clients of the top 7

The 7 largest by assets

1
Legacy Financial Group
RIA
$1.01B
0.70% to 1.20%
2
DMKC Advisory Services
RIA
$903M
Regulatory AUM
3
West Financial Advisors
RIA
$674M
0.30% to 0.85% a year
4
RIA Advisory Group
RIA
$568M
Up to 2.00% a year
5
Peterson Financial Group
RIA
$299M
Up to 1.40%
6
Des Moines Investments
RIA
$246M
0.80% to 1.00% a year
7
Altitude Capital Management
RIA
$104M
Up to 2.00% a year

Profiles of the top 7

No. 1 · RIA

Legacy Financial Group

Legacy Financial Group is an investment adviser based in Des Moines, IA, registered with the SEC since 2014. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $1.01 billion, as filed on 18 May 2026.

Legacy Financial Group charges 0.70%–1.20% for its Investment Management. The brochure does not state whether the rate is annual.

Regulatory AUM: $1.01B
Clients: 1,452
Advisory staff: 11
Fee schedule: 0.70% to 1.20%
Custodians: Charles Schwab
Headquarters: 6000 Grand Avenue, Suite B, Des Moines, IA 50312
Phone: 515-255-3306
Website: lfgplanners.com

No. 2 · RIA

DMKC Advisory Services

DMKC Advisory Services is an investment adviser based in Des Moines, IA, registered with the SEC since 2007. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $903 million, as filed on 1 October 2026.

Regulatory AUM: $903M
Clients: 500
Advisory staff: 8
Custodians: First Clearing
Headquarters: 3900 Ingersoll Avenue, Suite 300, Des Moines, IA 50312
Phone: 515-221-1133
Website: dmkc.com

No. 3 · RIA

West Financial Advisors

West Financial Advisors is an investment adviser based in Des Moines, IA, registered with the SEC since 2017. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $674 million, as filed on 25 February 2026.

West Financial Advisors charges 0.30%–0.85% a year for its Discretionary investment management.

Regulatory AUM: $674M
Clients: 305
Advisory staff: 6
Founded: 2006
Fee schedule: 0.30% to 0.85% a year
Minimum account: $1,000,000
Custodians: Charles Schwab
Headquarters: 111 East Grand, Suite 412, Des Moines, IA 50309
Phone: 515-284-1011
Website: westwealth.com

No. 4 · RIA

RIA Advisory Group

RIA Advisory Group is an investment adviser based in Des Moines, IA, registered with the SEC since 2020. It provides investment management. Its clients include individual clients, high-net-worth individuals, and corporations and other businesses. Its regulatory assets under management total $568 million, as filed on 23 June 2026.

RIA Advisory Group charges up to 2.00% a year for its Investment Supervisory Services Fees.

Regulatory AUM: $568M
Clients: 1,996
Advisory staff: 25
Fee schedule: Up to 2.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 500 SW 7th Street, Suite 204, Des Moines, IA 50309
Phone: 515-965-8588

No. 5 · RIA

Peterson Financial Group

Peterson Financial Group is an investment adviser based in Des Moines, IA, registered with the SEC since 2021. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and pension and profit-sharing plans. Its regulatory assets under management total $299 million, as filed on 24 February 2026.

Peterson Financial Group charges up to 1.40% for its Wrap Fee Program. The brochure does not state whether the rate is annual.

Regulatory AUM: $299M
Clients: 522
Advisory staff: 3
Fee schedule: Up to 1.40%
Custodians: Fidelity
Headquarters: 220 SW 9th St., Suite 230, Des Moines, IA 50309
Phone: 515-226-1500
Website: petersonfg.com

No. 6 · RIA

Des Moines Investments

Des Moines Investments is an investment adviser based in Des Moines, IA, registered with the SEC since 2022. It provides investment management. Its clients include individual clients and high-net-worth individuals. Its regulatory assets under management total $246 million, as filed on 17 June 2026.

Des Moines Investments charges 0.80%–1.00% a year for its Investment Advisory Services.

Regulatory AUM: $246M
Clients: 700
Advisory staff: 3
Fee schedule: 0.80% to 1.00% a year
Headquarters: 2 East Army Post RD, Suite 2, Des Moines, IA 50315-5821
Phone: 515-777-1149
Website: investdsmi.com

No. 7 · RIA

Altitude Capital Management

Altitude Capital Management is an investment adviser based in Des Moines, IA, registered with the SEC since 2024. It provides financial planning and investment management. Its clients include individual clients and high-net-worth individuals. Its regulatory assets under management total $104 million, as filed on 1 October 2026.

Altitude Capital Management charges up to 2.00% a year for its Asset Management.

Regulatory AUM: $104M
Clients: 488
Advisory staff: 26
Fee schedule: Up to 2.00% a year
Custodians: Altruist
Headquarters: 2015 Grand Avenue, Suite 100, Des Moines, IA 50312
Phone: 515-207-3310
Website: altitudecm.com

Questions about financial advisors in Des Moines

How many financial advisor firms are headquartered in Des Moines?

7 SEC-registered financial advisor firms report their principal office in Des Moines, IA, managing $3.8B in regulatory assets between them. The other 5 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Des Moines?

Legacy Financial Group, with $1.01B in regulatory assets under management on its latest Form ADV. The next largest are DMKC Advisory Services ($903M) and West Financial Advisors ($674M).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Des Moines?

The median firm manages $568M in regulatory assets. That is the midpoint of the 7 firms headquartered in Des Moines.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Des Moines charge?

Of the 7 largest firms, 6 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.85% to 2.00% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Des Moines?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Des Moines has 7 financial advisor firms; see every adviser in the city →