Thompson Private Wealth
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$73,793,664
Clients
189
79% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
189
Very HighAverage account size
$390,443
About
Thompson Private Wealth provides discretionary asset management, financial planning and consulting, and retirement plan advisory services to individuals, high-net-worth clients, and employer-sponsored retirement plans such as 401(k), 403(b), pension and profit-sharing plans. The firm also makes accounting and tax-preparation services available through an affiliated accounting practice and offers planning work on an hourly or fixed-fee basis.
Portfolios are managed based on each client’s stated goals, time horizon and risk tolerance using a mix of fundamental and technical analysis and Modern Portfolio Theory, with regular account reviews, rebalancing and attention to tax-loss harvesting opportunities. For qualified retirement plans the firm serves in a limited-scope ERISA 3(21) fiduciary role, assisting with investment policy statements, monitoring plan investment options and participant education while excluding certain illiquid or employer-related assets from its advisory scope.
What distinguishes the firm from many peers is the combination of an affiliated accounting/tax practice and an active pension-consulting offering, a mix that the brochure discloses can create conflicts of interest and which the firm says it manages through disclosure and client choice. The firm also operates with a single advisory registration managing roughly $74 million across about 189 client accounts, requires use of a specified custodian platform and documents its firm-level policies on trading oversight and soft-dollar benefits.
Client services
Financial planning
Portfolio management
Pension consulting
Expertise
General retirement planning
Wealth management
General tax planning
Retirement plans for business owners (SEP, solo 401k)
Fee options
Financial planning services flat fee between $100 and $2,500
1.50% annually flat rate on all assets
Financial planning services at $200 per hour
Fee-only: Financial planning fees charged either hourly at $200/hour or fixed fee between $100 and $2,500
Main office location
Thompson Private Wealth
224 N Phillips Ave, Suite 200
Sioux Falls SD 57104, United States
Number of offices
1
Most active in
Thompson Private Wealth has reported serving >5 clients in these states in the last 12 months.
Iowa · Minnesota · South Dakota · Texas
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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