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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 17, 2026

Current

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: Varies by board

Core Requirements

  1. 1

    Education: Varies by state board.

  2. 2

    License Type: Register with licensing agency.

Exam and processing details

  • State-approved exam

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 South Dakota eligibility requirements for Financial Advisor licensure.
  2. 2. Complete required education or training (Education: Varies by state board.).
  3. 3. Pass required examination steps: State-approved exam.
  4. 4. Submit the application to South Dakota Division of Securities and monitor board communications.

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 Varies by board.

State Hiring Climate (QCEW)

Rising

QoQ Employment Change

+3.6%

Average Weekly Wage

$1,123

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 York$167,970
#2Idaho$136,440
#3California$128,650
#4Delaware$128,170
#5New Jersey$123,690

Nearby States Comparison

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

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 Dakota68MediumState-specific exam conditions may apply.
Minnesota78HighBoard-specific review required.
Iowa68MediumState-specific exam conditions may apply.
Nebraska78HighBoard-specific review required.
Wyoming68MediumState-specific exam conditions may apply.
  • Reciprocity and transfer rules vary by state board. Verify directly with the agency.

Official Licensing Agency

Official website verified

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 boardVaries by board
Audio and Video Technicians$37,440Varies by state boardVaries by board
Certified Public Accountant$77,310Varies by state boardVaries by board
Civil Engineer$95,110Varies by state boardVaries by board

FAQ

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

Most applicants finish the licensing path in about Varies by board, 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. 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/.

How often do you renew a Financial Advisor license in South Dakota?

Current guidance indicates a renewal cycle of See board renewal rules.