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Data / Investment advisers / South Dakota

Investment advisers in South Dakota: 18 firms, $7.3 billion in AUM

18 investment advisers have their main office in South Dakota: 15 SEC registered and 3 exempt reporting. The registered advisers report $7.3 billion in regulatory assets under management in the SEC's Form ADV file of November 2, 2026, and the largest is Compass Financial Group, Inc with $1.5 billion.

SpecStream is the live web data engine for teams and agents. It reads the SEC's Form ADV files every month, and this page is that reading, keyed on the CRD number. Ask for the advisers you track by state, city, size, client type or private funds, and new registrations and filings arrive in your sheet, CRM, Slack or agent as the SEC publishes them.

Get advisers in South Dakota over $100 millionWatch new advisers in South DakotaGet private fund advisers in South Dakota
  • 18Advisers
  • 15SEC registered
  • 3Exempt reporting
  • $7.3 billionTotal AUM
  • 14Advisers over $100 million
  • 5Manage private funds
  • November 2, 2026File date

Largest advisers by AUM

Ranked by regulatory AUM, then by private funds. Each row links to the firm page where it has one, and to its SEC record.

AdviserCityAUMAccountsEmployeesPrivate fundsPhoneWebsiteSource
Compass Financial Group, IncSioux Falls$1.48 billion2,82613Not listed(605) 338-7150compassfin.netadviserinfo.sec.gov
Elgethun Capital ManagementSioux Falls$1.14 billion943132(605) 367-3336elgethuncapitalmanagement.comadviserinfo.sec.gov
Standard Family Office, LLCSioux Falls$1.01 billion282(605) 496-7760adviserinfo.sec.gov
Hi-Line Capital Management, LLCWatertown$756.6 million2255Not listed(605) 878-0897adviserinfo.sec.gov
Sage Capital Advisors, LLCSioux Falls$672.8 million5608Not listed(844) 279-7243adviserinfo.sec.gov
RIA Advisory Group, LLCSioux Falls$568.4 million3,22829Not listed(515) 965-8588dakotaadvisoryteam.comadviserinfo.sec.gov
Lauer Capital Management LTDSioux Falls$322.7 million923Not listed(605) 357-8088lauercapital.comadviserinfo.sec.gov
Big Sioux Wealth ManagementWatertown$235.2 million1,9577Not listed(605) 882-4280bigsiouxwealth.comadviserinfo.sec.gov
Aspen Private Advisors, LLCSioux Falls$199.9 million4755Not listed(605) 951-9620adviserinfo.sec.gov
Hahn Financial GroupSioux Falls$188.7 million3,36316Not listed(605) 275-3600hahnfinancialgroup.comadviserinfo.sec.gov
KFG, LLCRapid City$188.1 million51610Not listed(605) 343-1400adviserinfo.sec.gov
Parvin Asset Management, LLCSioux Falls$179 million3016Not listed(610) 806-9001parvinam.comadviserinfo.sec.gov
Prairie View Wealth Partners LLCSioux Falls$171.2 million1863Not listed(605) 777-1851prairieviewwp.comadviserinfo.sec.gov
Applied Financial WisdomRapid City$130.3 million3221Not listed(301) 570-8006adviserinfo.sec.gov
Parvin Fund ManagementSioux Falls$10.1 million12Not listed(610) 806-9001parvinfunds.comadviserinfo.sec.gov
Bluestem Capital Company, LLCSioux FallsNot listedNot listedNot listed17(605) 331-0091bluestemcapital.comadviserinfo.sec.gov
Bird Dog Equity Partners, LLCSioux FallsNot listedNot listedNot listed8(605) 275-3939birddogequity.comadviserinfo.sec.gov
Capitaline Advisors, LLCBrookingsNot listedNot listedNot listed4(605) 696-3100capitaline.netadviserinfo.sec.gov

Advisers in South Dakota that manage private funds

5 advisers report private funds. The 40 with the most funds.

AdviserCityStatePrivate fundsHedgePrivate equityVenture capitalReal estateFund gross assetsAUMSource
Bluestem Capital Company, LLCSioux FallsSD17Not listed17Not listedNot listed$121.7 millionNot listedadviserinfo.sec.gov
Bird Dog Equity Partners, LLCSioux FallsSD8Not listed8Not listedNot listed$45.8 millionNot listedadviserinfo.sec.gov
Capitaline Advisors, LLCBrookingsSD4Not listed4Not listedNot listed$81.9 millionNot listedadviserinfo.sec.gov
Elgethun Capital ManagementSioux FallsSD21Not listedNot listedNot listed$86 million$1.14 billionadviserinfo.sec.gov
Standard Family Office, LLCSioux FallsSD2Not listedNot listedNot listedNot listed$1.01 billion$1.01 billionadviserinfo.sec.gov

Cities in South Dakota

CityAdvisersAUM
Sioux Falls13$5.95 billion

More ways to read South Dakota

Updated November 7, 2026. Read from the SEC's Form ADV data files for investment advisers. Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.