Thompson Private Wealth fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 25, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$200/hr

“Services are offered based on an hourly fee of $200 per hour.”

Flat or project fee

$100⁠-⁠$2,500

“Services are offered based on a flat fee between $100 and $2,500.”

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

How Thompson Private Wealth bills

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

• “Fees are billed quarterly in arrears based on the amount of assets managed as of the close of business on the last business day of the previous quarter.”
• “Fees for financial plans are due upon delivery of the completed plan.”
• “The annual fee is negotiable and may be charged as a percentage of the Included Assets or as a flat fee.”

How Thompson Private Wealth’s fees compare

• Its hourly rate of $200 is below the South Dakota median of $250. 15% of the 13 other South Dakota planners that publish an hourly rate charge less.
• None of the 8 other planners in Sioux Falls that publish an hourly rate charge less.
• Its flat or project fee of $100-$2,500 is below the South Dakota median of $5,250. 21% of the 14 other South Dakota planners that publish a flat or project fee charge less.
• 2 of the 7 other planners in Sioux Falls that publish a flat or project fee charge less.

About Thompson Private Wealth

• Solo practice: one person runs the firm, so you work directly with the planner.
• Registered as an adviser: 2014 (12 years).

Planning areas mentioned in the brochure

• Estate planning
• 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

1.5% a year

Clients

189

Employees

1

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, and pension consulting

Assets managed

$73,793,664

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

172142

Website

thompsonadvice.com (opens in new tab)

Phone

(605) 789-5988

Can advise clients in 3 states: Iowa, Minnesota, 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
• Impact Wealth ManagementSioux Falls$375/hr, $4,000
• Intelligent InvestmentsSioux Falls$200/hr
• Resolve Capital Management LLCSioux Falls$500⁠-⁠$5,000, $3,000/yr

Compare all 16 planners in Sioux Falls