DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Big Sioux Wealth Management
Legal name Big Sioux Financial, Inc.
Latest filing Feb 27, 2026
First filing on the tape Mar 2, 2020 · 16 filings
SEC status approved since Mar 30, 2020
RAUM
$235M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
97%
$229M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$47.0M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$235M as of Feb 27, 2026
Feb 10, 2021$132M then
HNW client RAUM$168M as of Feb 27, 2026
Feb 10, 2021$48.9M then
State-registered IARs (5.B.3)5 as of Feb 27, 2026
Feb 10, 20212 then
Employees (5.A)7 as of Feb 27, 2026
Feb 10, 20212 then
Private funds: no history
RAUM +17% over the last fiscal year+10% a year over threeIARs 3 to 5
Practice profile
derived from the filing of Feb 27, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $47.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 169derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $682,536derivedHNW RAUM over HNW clients
- Average account
- $120,172derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +67%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -26%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$168M71%
- Individuals$61.1M26%
- Corporations and businesses$4.2M1.8%
- Charitable organizations$2.0M0.9%
- Individual clients
- 597reported
- HNW clients
- 246reported
- Pension plan clients
- 0reported
- Charitable clients
- 15reported
- Accounts
- 1,957reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mckay William ParrCertified Financial Planner | Watertown, Sd | Aug 8, 2019 | 10 y | 1 |
| Dustin Jay PadgettCertified Financial Planner | Watertown, Sd | Aug 8, 2019 | 28 y | 2 |
| Thomas James Mattingly | Watertown, Sd | Sep 14, 2023 | 17 y | 0 |
| Connie Jo Streff | Watertown, Sd | Jul 24, 2025 | 19 y | 2 |
| Aidynn Jae Suter | Watertown, Sd | Aug 4, 2025 | 11 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Connie Jo Streff from Terry Peschl & Associates, Inc.Jul 24, 2025 · Other
- Mckay William Parr from Raymond James Financial Services Advisors, IncAug 8, 2019 · Affiliated broker-dealer or bank to independent RIA
- Dustin Jay Padgett from Raymond James Financial Services Advisors, IncAug 8, 2019 · Affiliated broker-dealer or bank to independent RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Raymond James Financial Services Advisors, IncAug 7, 2019 · Watertown, Sd
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Walter David Johnson · Co-Ownercontrolsince 08/1988 · owns 25% to 50%
- Jay Dustin Padgett · Chief Compliance Officer/Division Presidentcontrolsince 07/2019 · owns less than 5%
- Paul Ethan Johnson · Co-Ownersince 05/1990 · owns 10% to 25%
- Hovey Janet Johnson · Co-Ownersince 08/1988 · owns 10% to 25%
- Luther Reid Johnson · Co-Ownersince 08/1988 · owns 10% to 25%
Related persons
Schedule D 7.A
- Reliabank Dakotan
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Watertown, Sd · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Sioux Falls, SD2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Feb 27, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $200,749,508 to $235,177,047, advisors 3 to 5, private clients 1137 to 843, offices 1 to 1 (2025-04-16 to 2026-02-27)peers: independent wealth managers, $100M to $500M (5,676)
- business activity changedChange between filings · filing Feb 27, 2026selection of other advisers (Item 5.G.7): no on the filing of 2026-01-08, yes on the filing of 2026-02-27peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 2,036 to 1,957Jan 8, 2026 to Feb 27, 2026
- Advisory employees · 3 to 5Jan 8, 2026 to Feb 27, 2026
- Advisory activities · 4 to 5Jan 8, 2026 to Feb 27, 2026
- Charity clients · 17 to 15Jan 8, 2026 to Feb 27, 2026
- Corporate clients · 9 to 10Jan 8, 2026 to Feb 27, 2026
- HNW clients · 247 to 246Jan 8, 2026 to Feb 27, 2026
- Individual clients · 890 to 597Jan 8, 2026 to Feb 27, 2026
- Pension plan clients · 6 to 0Jan 8, 2026 to Feb 27, 2026
- Pooled vehicle clients · unset to 0.0Jan 8, 2026 to Feb 27, 2026
- Employees · 6 to 7Jan 8, 2026 to Feb 27, 2026
- State-registered IARs · 3 to 5Jan 8, 2026 to Feb 27, 2026
- Discretionary RAUM · $182M to $228MJan 8, 2026 to Feb 27, 2026
- HNW RAUM · $141M to $168MJan 8, 2026 to Feb 27, 2026
- Individual RAUM · $48.6M to $61.1MJan 8, 2026 to Feb 27, 2026
- Non-discretionary RAUM · $19.0M to $7.0MJan 8, 2026 to Feb 27, 2026
- Pension RAUM · $5.7M to $0Jan 8, 2026 to Feb 27, 2026
- Pooled vehicle RAUM · unset to 0.0Jan 8, 2026 to Feb 27, 2026
- RAUM · $201M to $235MJan 8, 2026 to Feb 27, 2026
- Financial planning clients · 251-500 to 251-500Feb 18, 2025 to Apr 16, 2025
- Accounts · 1,978 to 2,036Jan 31, 2024 to Feb 18, 2025
- Charity clients · 10 to 17Jan 31, 2024 to Feb 18, 2025
- HNW clients · 33 to 247Jan 31, 2024 to Feb 18, 2025
- Individual clients · 1,305 to 890Jan 31, 2024 to Feb 18, 2025
- Employees · 3 to 6Jan 31, 2024 to Feb 18, 2025
- Discretionary RAUM · $164M to $182MJan 31, 2024 to Feb 18, 2025
- HNW RAUM · $72.0M to $141MJan 31, 2024 to Feb 18, 2025
- Individual RAUM · $105M to $48.6MJan 31, 2024 to Feb 18, 2025
- Non-discretionary RAUM · $23.9M to $19.0MJan 31, 2024 to Feb 18, 2025
- Pension RAUM · $5.4M to $5.7MJan 31, 2024 to Feb 18, 2025
- RAUM · $188M to $201MJan 31, 2024 to Feb 18, 2025
- Accounts · 1,922 to 1,978Nov 21, 2023 to Jan 31, 2024
- Charity clients · 6 to 10Nov 21, 2023 to Jan 31, 2024
- Corporate clients · 7 to 9Nov 21, 2023 to Jan 31, 2024
- Individual clients · 1,071 to 1,305Nov 21, 2023 to Jan 31, 2024
- Pension plan clients · unset to 6.0Nov 21, 2023 to Jan 31, 2024
- Discretionary RAUM · $156M to $164MNov 21, 2023 to Jan 31, 2024
- HNW RAUM · $67.5M to $72.0MNov 21, 2023 to Jan 31, 2024
- Individual RAUM · $119M to $105MNov 21, 2023 to Jan 31, 2024
- Non-discretionary RAUM · $33.8M to $23.9MNov 21, 2023 to Jan 31, 2024
- Pension RAUM · unset to 5432376.0Nov 21, 2023 to Jan 31, 2024
Signals
1 dated events
- Big Sioux Wealth Management filed its initial SEC registration (Form ADV)Mar 2, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- customerservice@bigsiouxwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- tari@bigsiouxwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 605-799-1812reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 605-882-4280reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- bigsiouxwealth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 605-882-4280reportedpublic record, Form ADV, Feb 27, 2026
- Contact form
- bigsiouxwealth.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- bigsiouxwealth.com/about/our-teamreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $47.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026