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Find the Best Financial Advisors in Sioux City, IA

Plenty of Sioux City residents need help planning their retirement or creating long-term financial goals and can benefit from using an experienced, qualified financial planner. The Sioux City Journal has partnered with ConsumerAffairs to create this guide by comparing consumer reviews and local availability of 18 businesses and choosing five favorites from the top financial advisors in Sioux City.

Companies pay ConsumerAffairs to be accredited, and the Sioux City Journal and/or ConsumerAffairs may receive compensation when you click a link, call a number or fill out a form on this site.

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How to find a good financial advisor in Sioux City

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If you're looking for a financial advisor in Sioux City, you'll have plenty of options. When selecting an advisor, first confirm that they're licensed to do business in Iowa. Read about the advisor and firm to make sure they offer the services you need, whether it’s financial planning, investment purchasing or strategizing for retirement. Read reviews from clients.

Once you have a short list, schedule initial consultations to gather more information. These first meetings are sometimes offered at no charge. Ask questions about the firm's services, its fee structure and its experience working with people like you. The Securities and Exchange Commission has other recommendations of what to look for when choosing a financial advisor.

How much does a financial advisor cost in Sioux City?

In Sioux City, the cost of a financial advisor depends on the advisor, services you need and the value of your assets. Most investment firms charge 1% to 2% of the assets under management each year. If you need advice only, you may be charged an hourly rate of $200 to $400. If you need a one-time financial plan, a firm may charge a flat rate of $1,000 to $2,000.

Financial planning firms typically offer free consultations, so Sioux City residents have the opportunity to learn more about fees. A lack of pricing transparency is a red flag and a sign that you should look elsewhere for a financial advisor in Sioux City.

What does a financial advisor do in Sioux City?

Financial advisors offer different services to accommodate the needs of the Sioux City community These services are tailored around common life events like college, retirement and estate planning. Here are a few of the most frequently offered financial services in Sioux City:

  • Retirement planning: If you’re planning for retirement or already enjoying it, a financial advisor can help ensure you are in a safe financial position. Retirement planners help you set goals and plans to maintain and build wealth for life after work.
  • Asset management: Asset management involves the building and long-term maintenance of an investment portfolio. The portfolio and investment style are customizable according to each client’s needs and preferences.
  • Financial strategy: To achieve long-term goals, you need a strategy to get and stay on track. Financial advisors draft highly detailed plans to help clients achieve their financial objectives.

Sioux City financial advisors FAQ

What is asset management?

Asset management is the practice of monitoring and maintaining an investment portfolio. Asset managers help grow clients’ assets while minimizing risk of loss.

What is a financial advisor?

A financial advisor helps manage your current finances and plan your financial future, including through retirement. Financial advisors in Iowa are regulated by the Iowa Insurance Division.

What is the 50/30/20 budget rule?

The 50/30/20 budget rule states that you should dedicate up to 50% of your after-tax income on absolute needs, up to 30% on wants and 20% toward savings or debt. This approach helps people maintain a budget and accomplish financial goals.

What is a fiduciary?

A fiduciary is someone who oversees money or property for someone else. Fiduciaries have a legal responsibility to manage these assets for the owner’s benefit, not their own.

What is an RIA?

A registered investment advisor is a type of investment manager that serves as a fiduciary. Registered investment advisors must be registered with the SEC.

Sioux City financial advisors company information

SmartAsset

SmartAsset provides free financial management resources and tools. Its focus areas include taxes, retirement, saving, banking, credit cards, investing, insurance, refinancing, personal loans and student loans. SmartAsset resources are helpful for those taking a do-it-yourself approach to their finances. The company offers a free advisor matching tool for those looking for a local financial advisor in Sioux City.

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Kramer & Associates, LLC

Kramer & Associates, LLC is a locally based accounting and financial services firm. The company offers a variety of services, including tax management, financial advice, business finance services, estate planning, bookkeeping, retirement planning and more. The associates work with everyone from individuals to enterprise businesses. The company is located at 4300 S. Lakeport St., Ste. 201, Sioux City, IA 51106.

Kramer & Associates, LLC

Great Southern Bank

In addition to banking services, Great Southern Bank provides wealth management and financial planning options to local residents. It can assist you in creating, growing or preserving wealth, including across multiple generations. Schedule a consultation to learn more about the bank’s services and discuss how its advisors can help you achieve your goals. Great Southern Bank has a branch at 3839 Indian Hills Drive, Sioux City, IA 51104.

Great Southern Bank

Thrivent

Thrivent provides a number of useful financial services, from planning to investment management. The company works with Sioux City customers to personalize a strategy and provide ongoing support and recommendations and help them achieve their financial goals. Thrivent is located at 1551 Indian Hills Drive, Ste. 2, Sioux City, IA 51104.

Thrivent

Baird

Baird customers receive data-driven investment advice, comprehensive financial planning and long-term risk management for themselves, their families and their businesses. Baird has several local financial advisors, giving Sioux City residents the opportunity to find the right personality and financial approach for their needs. Schedule a consultation to get started on a financial plan. The company is located at 302 Jones St., Ste. 210, Sioux City, IA 51101.

Baird