Clients per advisor for Independent firms serving clients in South Dakota

In South Dakota, independent financial advisors tend to serve more clients per advisor than the national median for this category, with a state median of 35 clients compared to the national median of 25. This suggests that advisors in South Dakota may be balancing personalized service with a somewhat larger client base, potentially reflecting a mix of advisors who are either growing their practices or managing a broader clientele. With 25 independent firms in the state, clients might find a range of service models—from those focused on deeper, relationship-driven advising to others operating with greater efficiency to serve more clients. This diversity offers options depending on the level of attention and service clients seek.

Independent firms nationally 9,196 firms
Very Low 3-9 per advisor
Low 9-20
Typical 20-35
High 35-65
Very High 65-140
5th 20th 40th 60th 80th 95th

Median: 26

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