CredentialCompassJump to FAQ
Verified by SD Board of Business

Financial Advisor Licensing in South Dakota

Review current requirements, exam details, renewal cycle, and salary outlook for financial advisor in South Dakota, including See agency and board contact links.

Last verified: Feb 12, 2026

Application Fee

See agency

Exam Requirement

State-approved exam

Renewal Cycle

See board renewal rules

Licensing Blueprint for Financial Advisor in South Dakota

Estimated timeline: 6-24 months

Core Requirements

  • License Type: Register with licensing agency
  • Education: Varies by state board
  • Examination: State-approved exam
  • Application Fee: See agency

Application Snapshot

  1. Licensing Authority

    South Dakota Division of Securities

  2. Current Filing Fee

    See agency

  3. Renewal Cycle

    See board renewal rules

  4. Salary Position

    $123,380 median (21% above national)

  5. State Salary Rank

    #6 of 50 states

Step-by-Step Process (4)

  1. 1. Meet baseline eligibility requirements.
  2. 2. Complete approved education/training requirements.
  3. 3. Pass required exam(s) and submit application.
  4. 4. Maintain and renew license according to board rules.

Salary Insights in South Dakota

With a median salary of 123,380, Financial Advisors in South Dakota earn 21% above the national median of $102,140. South Dakota ranks #6 among 50 states. The typical licensing timeline is 6-24 months.

Median annual salary

$123,380

Hourly estimate

$59.32
21% above national median

Difference: +$21,240

Percentile Distribution

Annual compensation
  • P1010th percentile$79,410
  • P2525th percentile$100,250
  • P50Median$123,380
  • P7575th percentile$203,790
  • P9090th percentileN/A

State vs National Median

State: $123,380
National: $102,140

Total employment: 500 | Annual openings: N/A

Financial Advisor Salary Ranking

#6 of 50 statesfor Financial Advisor median salary
RankStateMedian Salary
#1New York167,970
#2Idaho136,440
#3California128,650
#4Delaware128,170
#5New Jersey123,690

Nearby States Comparison

Financial Advisor licensing across the region
StateMedian SalaryEducationExamTimeline
South Dakota$123,380Varies by state boardState-approved exam6-24 months
North Dakota$98,990No educational requirementsThird-party exam required6-24 months
Minnesota$94,420Varies by state boardState-approved exam6-24 months
Iowa$81,790Specific course requiredBoth state and third-party exams required6-24 months
Nebraska$74,040Varies by state boardState-approved exam6-24 months
Wyoming$102,140No educational requirementsNo exam required6-24 months
Montana$96,670Varies by state boardState-approved exam6-24 months

License by Endorsement

Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.

StateReciprocity ScoreTierNotes
South Dakota78HighBoard-specific review required.
North Dakota54LowState-specific exam conditions may apply. Documented experience may be required.
Minnesota78HighBoard-specific review required.
Iowa56MediumState-specific exam conditions may apply. Documented experience may be required.
Nebraska78HighBoard-specific review required.
Wyoming54LowState-specific exam conditions may apply. Documented experience may be required.
  • License status indicator: Active.
  • Reciprocity and transfer rules vary by state board. Verify directly with the agency.

Official Licensing Agency

South Dakota Division of Securities

124 S Euclid Ave, 2nd Floor, Pierre, SD, 57501-3185

Phone: 6057733563

Visit Official WebsiteCall BoardOpen in Maps

Related Careers in South Dakota

ProfessionMedian SalaryEducationTimeline
Architect$102,420Varies by state board6-24 months
Certified Public Accountant$77,310Varies by state board6-24 months
Civil Engineer$95,110Varies by state board6-24 months
Funeral Director$58,990Varies by state board6-24 months

FAQ

How long does it take to become a Financial Advisor in South Dakota?

Most applicants finish the licensing path in about 6-24 months, but timing can change based on education track, exam scheduling, and board processing.

What is the typical Financial Advisor salary in South Dakota?

The median annual salary for Financial Advisors in South Dakota is 123,380.

How does the Financial Advisor salary in South Dakota compare to the national average?

Financial Advisors in South Dakota earn 21% above the national median of $102,140, with a state median of 123,380.

How many Financial Advisors work in South Dakota?

South Dakota employs approximately 500 Financial Advisors according to BLS data.

Can I transfer my Financial Advisor license to South Dakota from another state?

Transfer requirements vary by board. License status indicator: Active. Reciprocity and transfer rules vary by state board. Verify directly with the agency.

Who is the licensing agency for Financial Advisors in South Dakota?

The licensing agency is South Dakota Division of Securities. Review agency details at http://dlr.sd.gov/securities/.