Find a Financial Planner in Rapid City, SD

 

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We did the hard work of finding trustworthy partners in Rapid City, SD.

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We Only Work With The Best Rapid City Financial Advisors


We Exclusively Work With Select Partner Firms Who Meet The Highest Standard of Excellence and Trust.

3rd Party Rankings

Our partners have been recognized by some of the best media publication sources like Financial Times, Investor.com, Forbes, and Barron’s

Conflict Free

Our partners will also never sell proprietary investment products

Experience

All leads will be connected with a firm who has been in business for 20+ years

Education & Designations

All leads will be given to a certified CFP with designation from FINRA

Trustworthiness

All of our partners are credible — No conflicts of interest and no disciplinary history

 

Our Process for Choosing
An Independent Financial Advisor in Rapid City, SD


  • Financial Advisor Close to Rapid City, SD

  • All Advisors Must Meet Fiduciary Standard

  • “Fee-Only” Compensation To Ensure Conflict-Free Advice

  • Exemplary Disciplinary History

  • Required Education and Designations

  • Expertise with Client’s Specific Needs

 

How Can a CFP® in Rapid City Help You?

Wealth management is a comprehensive financial service that focuses on building well-rounded wealth for clients. Typically used by high-net-worth individuals and organizations in the Rapid City area, wealth managers seek to attend to each client's individual needs while creating their comprehensive management plans. Wealth management may be performed by an individual, but is often performed by a small team.
Personal financial planners work with their clients to create strategies for both short-term and long-term financial improvement. Financial planners in Rapid City typically take a holistic approach, centered on advice and planning, offering management services for taxes, retirement accounts, or investments.
22.3% of Rapid City's population is of retirement age (62 years and older). Retirement planning for those individuals is designed to ensure that retirees are able to secure a stream of income for later in life. Many retirement plans provide a powerful framework for achieving this goal. If you are unsure of where to start, a retirement planner in the Rapid City area can create a custom plan and walk with you each step of the way.
The goal of estate planning is to establish a clear plan for the distribution of your assets--called your "estate"--upon your death, incapacitation, or another predetermined condition. Estate planning in the Rapid City area is typically done by a financial advisor, but sometimes legal professionals are required to assist with things like a living will.
Business financial planning sets out the financial path a company takes to achieve its goals over a stated timeline. Business financial planning can be very granular, addressing specific projections for business expansion, equipment needs, staffing, resources, cash flow, and financing options in the Rapid City area.
The goal of tax planning is to minimize an individual’s or organization’s tax liabilities, while maximizing their overall long-term financial situation. Financial advisors in the Rapid City area often offer tax planning services to their clients. Tax planning strategies will differ depending on depending on where you live. South Dakota has unique laws defining which actions trigger a taxable event and has the 8th lowest total tax burden in the U.S., including income, property, and sales tax.
Transition planning for divorce or loss of a spouse involves working with an attorney or financial advisor in the Rapid City area to create a financial planning strategy to protect your assets and heirs in the event of death or divorce. It typically includes updating wills and trusts, evaluating life insurances, long-term care arrangements, and creating inventories of bills, financial accounts, and other interests.
Debt consolidation and management typically involves rolling several loans into a single loan with better financing terms, such as a lower monthly payment or interest rate. Debt consolidation is a popular strategy for advisors in the Rapid City area when dealing with high-interest credit card debt and private student loans.

 

The Value of Working With the Best Financial Planners in Rapid City, SD


A good financial planner can increase your returns by as much as 3% annually.

Vanguard

$2,010,221.91
Without Advisor

$4,643,687.46
With Advisor

Assuming $350k initial investment at 6% annual growth vs 9% annual growth for 30 years.

Find a Fee-Only Financial Planner Near Rapid City, SD

We evaluated over 13,000 RIA firms to bring you the best of the best Rapid City financial advisors.
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How Retirement-Friendly is Rapid City, SD?

  • Population: 75,258
  • % of Population 62 Years and Over: 22.3%
  • Average Home Value: $192,400
  • Average Monthly Housing Cost: $913
  • Average Household Income: $73,679
  • South Dakota Total Tax Burden: 7.37% (8th Lowest in U.S.)
  • South Dakota Property Tax: 3.02% (19th Highest in U.S.)
  • South Dakota Individual Income Tax: 0.00% (Lowest in U.S.)
  • South Dakota Sales and Excise Tax: 4.35% (8th Highest in U.S.)


The Top Financial Advisor Firms in Rapid City, SD


BMS FINANCIAL ADVISORS, LLC

Website

(605) 341-1555

1508 Mountain View Road

Rapid City, SD 57702

SEC#: 801-79498
Years in Business: 7 years

KAHLER FINANCIAL GROUP, INC.

Website

(605) 343-1400

1010 9th Street
Suite 1
Rapid City, SD 57701

SEC#: 801-62099
Years in Business: 17 years