Find a Financial Planner in Watertown, SD

 

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We Only Work With The Best Watertown 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 Watertown, SD


  • Financial Advisor Close to Watertown, 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 Watertown Help You?

Wealth management is a type of financial planning that incorporates many other financial services. Catering to high-net-worth individuals in the Watertown area, wealth managers seek to build comprehensive wealth for their clients through a variety of vehicles, including investments, retirement planning, estate planning, asset management, tax planning, and more.
Personal financial planning is a financial advisory service focused on helping individuals navigate the correct path to achieve their financial goals. Personal financial planning can look different from client to client, but in Watertown, it typically provides counsel on investing, retirement savings, taxes, estate planning, and risk management.
21.1% of Watertown'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 Watertown area can create a custom plan and walk with you each step of the way.
Estate planning is defined as the establishment of a legally compliant and comprehensive plan of action for the distribution of your asset base upon your death. In the Watertown area, estate planning may also consist of legal documentation regarding who is allowed to make medical decisions on your behalf, should you become incapacitated, as well as funeral arrangements.
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 Watertown 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. In the Watertown area, tax planning is often included with other services like asset management, estate planning, and retirement planning. 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 Watertown 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 is a good way to make high-interest debts more manageable. Advisors in the Watertown area can bundle high-interest loans together under more favorable financing terms. This often results in lower interest rates, or lower monthly payments.

 

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

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

  • Population: 22,166
  • % of Population 62 Years and Over: 21.1%
  • Average Home Value: $167,000
  • Average Monthly Housing Cost: $781
  • Average Household Income: $65,379
  • 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 Watertown, SD


HI-LINE CAPITAL MANAGEMENT, LLC

Website

(605) 878-0897

25 1st Ave. Nw

Watertown, SD 57201

SEC#: 801-87167
Years in Business: 6 years

BIG SIOUX WEALTH MANAGEMENT

Website

(605) 882-4280

1401 4th st Ne

Watertown, SD 57201

SEC#: 801-118350
Years in Business: 1 years