Impact Wealth Management fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 6, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$375/hr

“We charge a $375 hourly fee for Project-Based Financial Planning.”

Flat or project fee

$4,000

“We charge a $4,000 xed fee for Special Needs Financial Planning.”

Quarterly fee

$625⁠-⁠$2,500/qtr

“Fees are paid quarterly in advance at a rate of $625 to $2,500 per quarter.”

Annual fee

$600/yr

“We charge $600 per year for nancial planning which is paid on a monthly basis, in advance.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Impact Wealth Management bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Fees are negotiable and the nal agreed upon fee will be outlined in your Advisory Contract.”
• “Fees are negotiable and the nal agreed upon fee will be outlined in your Advisory Contract.”
• “Fees may be paid by electronic funds transfer or check.”

How Impact Wealth Management’s fees compare

• Its hourly rate of $375 is above the South Dakota median of $250. 85% of the 13 other South Dakota planners that publish an hourly rate charge less.
• 7 of the 8 other planners in Sioux Falls that publish an hourly rate charge less.
• Its flat or project fee of $4,000 is below the South Dakota median of $5,250. 43% of the 14 other South Dakota planners that publish a flat or project fee charge less.
• 5 of the 7 other planners in Sioux Falls that publish a flat or project fee charge less.
• Its annual fee of $600 is below the South Dakota median of $1,600. None of the 5 other South Dakota planners that publish an annual fee charge less.
• None of the 4 other planners in Sioux Falls that publish an annual fee charge less.

About Impact Wealth Management

• Principal: Richelle Hofer
• Firm size: 3 employees.
• Meets clients remotely: the brochure mentions virtual or online meetings.
• Registered as an adviser: 2023 (3 years).

Planning areas mentioned in the brochure

• Retirement planning
• Estate planning
• College planning
• Business owners
• Equity compensation
• Cash flow and budgeting

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

2% a year

Clients

124

Employees

3

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, and educational seminars and workshops

Assets managed

$103,942,094

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

324168

Website

letsimpactwealth.com (opens in new tab)

Phone

(605) 333-0123

Can advise clients in 2 states: Arizona, South Dakota

Other planners in Sioux Falls that publish fees

• Alternative Strategies Group, Inc.Sioux Falls$1,000
• Aspen Private Advisors, LLCSioux Falls$400/hr, $50,000
• Hyline WealthSioux Falls$150⁠-⁠$250/hr, $1,000
• Intelligent InvestmentsSioux Falls$200/hr
• Resolve Capital Management LLCSioux Falls$500⁠-⁠$5,000, $3,000/yr
• Sage Capital Advisors, LLCSioux Falls$250/hr

Compare all 16 planners in Sioux Falls