BMS Financial Advisors, L.L.C.

Financial Advisor in Rapid City, SD

Firm Info
Address: 1508 Mountain View Rd # 101, Rapid City, SD 57702, USA
Phone: (605) 341-1555

Firm Size
Assets Under Management: $410.1 million
# of Advisors: 4
# of Clients: 2,110
Client to Advisor Ratio: 528:1
Average Account Size: $194,370
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Pension Consulting Services
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Charitable Organizations
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Bms Financial Advisors, LLC Overview

BMS FINANCIAL ADVISORS, LLC is a registered investment advisory firm that provides investment advice only. They have been in the business since 2014 and have their headquarters located in Rapid City, SD. The firm solely operates on a fee-only basis, ensuring an unbiased approach to their client's financial planning. They are committed to providing comprehensive financial planning services to their clients, including portfolio management for individuals and small businesses. BMS also offers pension consulting services, which help clients maximize their benefits and create a retirement plan that meets their needs. Moreover, BMS provides clients with access to other trusted advisors, offering a selection of their services that are not currently provided within the firm. With highly experienced financial professionals, BMS aims to provide personalized and objective advice to clients that not only helps them achieve their financial goals but also builds a strong and long-lasting relationship with them.

BMS FINANCIAL ADVISORS, LLC offers a broad range of financial advisory services, catering to various types of clients throughout the industry. Their services cater to individual investors, high net worth individuals, and charitable organizations, among other corporation types not listed. They provide comprehensive wealth management solutions for their clients, tailored to meet their specific needs and financial goals. When it comes to fee structures, BMS FINANCIAL ADVISORS, LLC offers different options depending on the service provided. One of the most common fee structures is based on a percentage of the client's assets under management (AUM). This pricing option is popular because it is typically aligned with the clients' financial interests and provides an incentive for the firm to generate higher investment returns. Additionally, the firm also offers an hourly fee option where clients pay a fixed amount for the time spent working on their account. This fee structure is ideal for clients who require limited financial advisory services. Finally, BMS FINANCIAL ADVISORS, LLC offers fixed fees for specific services, such as estate planning and tax preparation. This structure is suitable for clients who need a defined scope of services. Overall, their flexible pricing options provide clients with various choices, ensuring that they receive optimal value.

Typical Clients, Fee Structures & Investment Minimum

The Part 2 Brochure for BMS FINANCIAL ADVISORS, LLC does not mention an investment minimum.

How This Office Can Help Rapid City, SD Residents

BMS Financial Advisors, L.L.C. provides a range of financial advisory services to clients in Rapid City, SD. Whether it's retirement planning, investment management, tax planning, or estate planning, their team of experienced financial advisors is dedicated to helping clients achieve their financial goals. Living in Rapid City, SD, there are a number of financial situations that someone might be facing. For instance, many residents may be nearing retirement age and looking for guidance on how to build a comfortable nest egg while minimizing risk. Others may be struggling with debt or trying to save for their children's college education. BMS Financial Advisors, L.L.C. understands these concerns and can offer customized financial solutions tailored to each client's unique situation. Their goal is to help clients make informed decisions about their money and work towards achieving long-term financial security.

To view the Minimum Investment and Fee Schedule for Bms Financial Advisors, LLC, visit their Part 2 Brochure.

Services Offered by Bms Financial Advisors, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Bms Financial Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 1508 Mountain View Rd # 101, Rapid City, SD 57702, USA
Phone (605) 341-1555
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

This firm has no other locations.

State Registrations

Bms Financial Advisors, LLC is registered to service clients in the following states:

  • Arizona
  • Colorado
  • Minnesota
  • Montana
  • Nebraska
  • North Dakota
  • Oregon
  • South Dakota
  • Texas
  • Washington
  • Wisconsin

Disciplinary History

Bms Financial Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Fiduciary Financial Advisor FAQs