Regional Services Company (Sioux Falls)

Name: Regional Services Company
Address: 4300 South Louise Ave., Sioux Falls, SD, 57106
Telephone: 605-338-7150

Regional Services Company is a large advisory firm based in Sioux Falls. It manages $460 million of regulatory assets for 4,150 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Iowa, Minnesota, Nebraska, and South Dakota.

Regional Services Company provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Regional Services Company: assets under management

The assets under management (AUM) of Regional Services Company is $460 million. The firm's AUM has grown by 347% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $435 million in discretionary accounts and $25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $166.67 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Regional Services Company for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Regional Services Company serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Regional Services Company is individuals with 1,800 clients and $390 million of assets under management. Among the 10 most similar advisory firms, Regional Services Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $460 million for 2,060 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Regional Services Company doesn't advise any private funds.

Careers at Regional Services Company

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John David Haller	President & chief compliance officer	1 Mar 2011	50% - 75%	1945715
Jesse David Haller	Vice president & direct owner	1 Mar 2011	50% - 75%	5588123
Jasen David Haller	Direct owner	1 May 2015	Other	6339663

Based in Sioux Falls

The principal office where Regional Services Company performs its advisory services is located at 4300 South Louise Ave., Sioux Falls, SD 57106, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 605-338-7150 or by fax 605-413-4296. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at compassfin.net.