How to Apply
If you are looking to start your career as a Investment Advisor in South Dakota, the licensing process begins with education. SD mandates specific coursework before you can sit for the Series 65 or Series 66 Exam. Upon passing the exam, you can proceed to file your application with the appropriate South Dakota regulatory board.
Requirements
South Dakota has specific requirements for Investment Advisor licensure that applicants must fulfill. You must be at least 18 years old and hold a valid government-issued identification. Educational requirements include completing an accredited program relevant to provide investment advice and manage client portfolios. A clean background check is mandatory in SD, and you must demonstrate good moral character. The Series 65 or Series 66 Exam must be passed with a minimum score set by the South Dakota board.
Fees & Costs
South Dakota sets the Investment Advisor license application fee at $500. This is a one-time fee for new applicants in SD. Additional costs may include fingerprinting fees, background check fees, and exam registration. The total out-of-pocket cost for new licensees in South Dakota typically ranges from $500 to $700.
License Fee Calculator — Investment Advisor in South Dakota
Renewal Process
Maintaining your Investment Advisor license in South Dakota requires timely renewal every 1 year. SD sets the renewal fee at $350. You must complete all required continuing education hours and submit proof to the South Dakota board. Failure to renew on time may result in license suspension and reinstatement fees in SD.
License Expiry Calculator — Investment Advisor in SD
Enter your license issue date to see when renewal is due. South Dakota requires renewal every 1 year.
Additional Information
Working as a Investment Advisor in South Dakota offers numerous opportunities for career growth and professional development. SD has a robust job market for licensed professionals in this field. The state board actively works to streamline the licensing process while maintaining rigorous standards. South Dakota also participates in interstate licensing compacts, which may facilitate practice across state lines for qualified Investment Advisor professionals.
Document Checklist — Investment Advisor
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Frequently Asked Questions
License Reciprocity: Can I Use My South Dakota Investment Advisor License in Other States?
Reciprocity varies by state. Always verify with the destination state's licensing board before practicing.
| Destination State | Reciprocity | Notes |
|---|---|---|
| Alaska (AK) | Partial | AK requires additional exam or paperwork for SD license holders. |
| Alabama (AL) | Full | AL accepts SD Investment Advisor license via reciprocity agreement. |
| Arizona (AZ) | Partial | AZ requires additional exam or paperwork for SD license holders. |
| Arkansas (AR) | Full | AR accepts SD Investment Advisor license via reciprocity agreement. |
| Colorado (CO) | Full | CO accepts SD Investment Advisor license via reciprocity agreement. |
| Delaware (DE) | Full | DE accepts SD Investment Advisor license via reciprocity agreement. |
| California (CA) | Full | CA accepts SD Investment Advisor license via reciprocity agreement. |
| Florida (FL) | Partial | FL requires additional exam or paperwork for SD license holders. |
Where to File Locally in South Dakota
Visit a licensing department office near you for in-person assistance.
Pierre
500 E Capitol Ave, Pierre, SD 57501
(605) 773-3101
Mon-Fri 8:00 AM - 5:00 PM
Sioux Falls
224 W 9th St, Sioux Falls, SD 57104
(605) 367-8000
Mon-Fri 8:00 AM - 5:00 PM
Rapid City
300 6th St, Rapid City, SD 57701
(605) 394-4110
Mon-Fri 8:00 AM - 5:00 PM
Aberdeen
123 S Lincoln St, Aberdeen, SD 57401
(605) 626-7000
Mon-Fri 8:00 AM - 5:00 PM
Brookings
520 3rd St, Brookings, SD 57006
(605) 692-6281
Mon-Fri 8:00 AM - 5:00 PM
Official South Dakota Resources
Always verify requirements directly with the South Dakota state board. Regulations may change.
South Dakota Licensing Board
https://dlr.sd.gov
Contact Phone
(605) 773-3101
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US License Guide is a private informational resource and is not affiliated with, endorsed by, or connected to any federal, state, or local government agency. The information provided on this website is for general guidance purposes only and should not be considered legal or professional advice. Licensing requirements, fees, and procedures may change without notice. Always verify current requirements directly with your state's official licensing board before making any decisions. Use of this site does not create any professional-client relationship.