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2024

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Best Financial Advisors in Rapid City, SD

Our Recommended Top 3

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Rapid City Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

18Reviewed

12Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2001 West Omaha, Rapid City, SD 57702
WebsiteLicense: 5118618

Expertise.com Rating

Why choose this provider?

Pioneer Wealth Management helps Rapid City-based clients grow lifetime income through long-term asset management. It uses various strategies, including investment, insurance, estate, and income tax planning. The firm is an independent financial advisor, designing and implementing plans that are based solely on the client's personal interests. Director Taylor Thompson is a Certified Financial Planner and an Accredited Asset Management Specialist. He has over 20 years of wealth management experience. Thompson holds licenses in health and life insurance, and Series 7, 24, 63, and 65 securities.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Tax Planning

Suite 214 628 1/2 6th Street, Rapid City, SD 57701
WebsiteLicense: 5303732

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Tobin Mason is a managing partner and financial advisor of Modern Woodmen who serves families, retirees, professionals approaching retirement, and small-business owners throughout Rapid City. He has been a Certified Financial Planner since 2012 and aims to help clients overcome financial concerns and obstacles using a variety of tools, including life insurance, annuities, mutual funds, and variable annuities. His affiliate company, Modern Woodmen of America, was established in 1883 and has more than 1,000 representatives in 49 regions throughout 46 states.

  • Estate Planning
  • Retirement Planning

1136 Jackson Boulevard Suite 2, Rapid City, SD 57702
WebsiteLicense: 4792499

Expertise.com Rating

Review Sources

Google
4.0 (4)

Why choose this provider?

Partridge Financial offers a broad range of advisory solutions to clients throughout Rapid City and the nearby areas. This local company helps individuals and businesses with the accumulation, conservation, and transfer of wealth to help them reach their short-term and long-term financial goals. Services include comprehensive financial planning, investment management, tax planning, retirement planning, and insurance review and analysis. Partridge Financial is an affiliate of LPL Financial, a provider of investment and business solutions for independent financial advisors across the nation.

  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
Pioneer Wealth Management
2001 West Omaha, Rapid City, SD 57702
Tobin Mason
Suite 214 628 1/2 6th Street, Rapid City, SD 57701
Partridge Financial
1136 Jackson Boulevard Suite 2, Rapid City, SD 57702

FAQs

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • How can you avoid making unethical or illegal financial planning decisions in Rapid City?

    The main thing you or Rapid City residents can do to avoid making unethical or illegal financial planning decisions—other than thoroughly studying the financial strategies they plan on using—is by avoiding certain mental pitfalls, such as overconfidence in their financial knowledge or continuous rationalization of bad financial decisions. Financial advisors can also assist you in constructing financial plans that utilize above-board strategies and assets.

  • Should you ask for a financial advisor's net worth before hiring them in Rapid City?

    While it may give you an idea about the advisor's financial stability or familiarity with issues related to net worth, it may be more beneficial to ask more focused questions to a Rapid City financial advisor before hiring them. You could ask a financial advisor if they use the same investment strategies they advise their clients to use, if they have made financial mistakes before and what insights they have learned from them, or for a sample of financial advice.

  • How can you keep yourself from being overwhelmed by economic inflation in Rapid City?

    Mainly, in Rapid City, you can invest in historically stable assets to keep abreast with economic inflation, such as real estate or stocks. You could also keep a diverse investment portfolio to avoid dips or crashes in one asset's value. In addition to investment strategies, it is generally advisable to minimize your debt and avoid high-interest-rate loans. If you do have substantial debt, consider settling the high-interest loans first to avoid losing too much income.

  • How can you perform socially conscious investing in Rapid City?

    The process for investing in socially conscious investments in Rapid City is largely the same for regular assets, save for the need to screen the companies or assets you are investing in. As a rule of thumb, you should check if the investment you are considering is actively creating positive value for their communities or society at large. Afterward, you can assess if that investment matches your current financial goals alone or with a financial advisor.

  • In Rapid City, what factors can make an inheritance strategy fail?

    Inheritance strategies or wealth transfers in Rapid City may fail within three generations due to interpersonal conflict between generations. This ranges from contradictory goals between family members or miscommunication between generations to attitudes of entitlement held by intended recipients of intergenerational wealth. A lack of transparency may also cause inheritance strategies to fail because inheritable assets may not be used for their intended purposes.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.