Top 7 financial advisor firms in Sioux Falls

7 SEC-registered financial advisor firms are headquartered in Sioux Falls, SD, with $3.68B in combined regulatory assets under management. The largest by assets are Compass Financial Group ($1.48B), Elgethun Capital Management ($1.14B) and Lauer Capital Management ($323M).

7
Financial advisor firms: $3.68B
Their combined AUM: $200M
Median firm AUM: 5,348
Clients of the top 7

The 7 largest by assets

1
Compass Financial Group
RIA
$1.48B
Up to 1.50% a year
2
Elgethun Capital Management
RIA
$1.14B
0.50% to 1.00% a year
3
Lauer Capital Management
RIA
$323M
0.50% to 1.00% a year
4
Aspen Private Advisors
RIA
$200M
Up to 1.80% a year
5
Hahn Financial Group
RIA
$189M
0.50% to 1.75% a year
6
Parvin Asset Management
RIA
$179M
Regulatory AUM
7
Prairie View Wealth Partners
RIA
$171M
0.50% to 1.25% a year

Profiles of the top 7

No. 1 · RIA

Compass Financial Group

Compass Financial Group is an investment adviser based in Sioux Falls, SD, registered with the SEC since 2012. 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 $1.48 billion, as filed on 24 August 2026.

Compass Financial Group charges up to 1.50% a year for its Comprehensive portfolio management.

Regulatory AUM: $1.48B
Clients: 2,826
Advisory staff: 7
Fee schedule: Up to 1.50% a year
Custodians: Charles Schwab
Headquarters: 4300 South Louise Ave., Suite 300, Sioux Falls, SD 57106
Phone: 605-338-7150
Website: compassfin.net

No. 2 · RIA

Elgethun Capital Management

Elgethun Capital Management is an investment adviser based in Sioux Falls, SD, registered with the SEC since 2006. It provides financial planning and investment management. Its clients include high-net-worth individuals, pooled investment vehicles and individual clients. Its regulatory assets under management total $1.14 billion, as filed on 27 March 2026.

Elgethun Capital Management charges 0.50%–1.00% a year for its Asset Management Fees.

Regulatory AUM: $1.14B
Clients: 303
Advisory staff: 10
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 231 S. Phillips Ave., Suite 201, Sioux Falls, SD 57104
Phone: 605-367-3336
Website: elgethun.com

No. 3 · RIA

Lauer Capital Management

Lauer Capital Management is an investment adviser based in Sioux Falls, SD, registered with the SEC since 1994. It provides investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $323 million, as filed on 30 March 2026.

Lauer Capital Management charges 0.50%–1.00% a year for its Management Fee.

Regulatory AUM: $323M
Clients: 90
Advisory staff: 1
Founded: 1995
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 1720 S. Spring Avenue, Sioux Falls, SD 57105
Phone: 605-357-8088
Website: lauercapital.com

No. 4 · RIA

Aspen Private Advisors

Aspen Private Advisors is an investment adviser based in Sioux Falls, SD, registered with the SEC since 2018. 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 $200 million, as filed on 26 March 2026.

Aspen Private Advisors charges up to 1.80% a year for its Wrap Asset Management.

Regulatory AUM: $200M
Clients: 125
Advisory staff: 5
Fee schedule: Up to 1.80% a year
Custodians: LPL Financial
Headquarters: 5201 South Western Avenue, Suite 103, Sioux Falls, SD 57108
Phone: 605-951-9620
Website: aspenpa.com

No. 5 · RIA

Hahn Financial Group

Hahn Financial Group is an investment adviser based in Sioux Falls, SD, registered with the SEC since 2014. It provides investment management. Its clients include individual clients, high-net-worth individuals and charitable organizations. Its regulatory assets under management total $189 million, as filed on 5 August 2026.

Hahn Financial Group charges 0.50%–1.75% a year for its Asset Management.

Regulatory AUM: $189M
Clients: 1,861
Advisory staff: 9
Fee schedule: 0.50% to 1.75% a year
Custodians: Charles Schwab
Headquarters: 1000 E. 41st St., Sioux Falls, SD 57105
Phone: 605-275-3600

No. 6 · RIA

Parvin Asset Management

Parvin Asset Management is an investment adviser based in Sioux Falls, SD, registered with the SEC since 2021. It provides investment management. Its clients include high-net-worth individuals, individual clients and investment companies. Its regulatory assets under management total $179 million, as filed on 30 March 2026.

Regulatory AUM: $179M
Clients: 101
Advisory staff: 3
Custodians: Charles Schwab, SEI Investments
Headquarters: 401 E. 8th Street, Suite 200, Sioux Falls, SD 57103
Phone: 610-806-9001
Website: parvinam.com

No. 7 · RIA

Prairie View Wealth Partners

Prairie View Wealth Partners is an investment adviser based in Sioux Falls, SD, registered with the SEC since 2026. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $171 million, as filed on 6 August 2026.

Prairie View Wealth Partners charges 0.50%–1.25% a year for its Wealth Management Services.

Regulatory AUM: $171M
Clients: 42
Advisory staff: 2
Fee schedule: 0.50% to 1.25% a year
Custodians: Raymond James
Headquarters: 6212 South Pinnacle Place, Sioux Falls, SD 57108
Phone: 605-777-1851
Website: prairieviewwp.com

Questions about financial advisors in Sioux Falls

How many financial advisor firms are headquartered in Sioux Falls?

7 SEC-registered financial advisor firms report their principal office in Sioux Falls, SD, managing $3.68B in regulatory assets between them. The other 2 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 Sioux Falls?

Compass Financial Group, with $1.48B in regulatory assets under management on its latest Form ADV. The next largest are Elgethun Capital Management ($1.14B) and Lauer Capital Management ($323M).

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

How large is a typical financial advisor firm in Sioux Falls?

The median firm manages $200M in regulatory assets. That is the midpoint of the 7 firms headquartered in Sioux Falls.

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

How much do financial advisors in Sioux Falls 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 1.00% to 1.80% 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 Sioux Falls?

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

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