Astute Financial, LLC

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Client assets under management

$59,857,483

Clients

53% high-net-worth

Advisors

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Low

Average account size

$1,392,034

About

Astute Financial, LLC is a small, state‑registered advisory firm founded in 2019 that manages approximately $81.6 million for about 43 clients through two advisors. It provides discretionary portfolio management and ongoing comprehensive financial planning to individuals (including high‑net‑worth clients), small businesses, and irrevocable trusts.

The firm’s investment approach is grounded in Modern Portfolio Theory and typically blends passive and active investment vehicles to implement client‑specific investment policy statements, with regular quarterly reviews and discretionary trading. It also offers an ongoing financial planning service that produces written plans, monitoring, and annual plan updates as part of a subscription relationship.

Notably, the firm is affiliated with another registered investment adviser and with an affiliated accounting/CPA firm—arrangements the brochure identifies as uncommon among peers—and has recently merged with an affiliated advisory entity. Clients may, under separate agreements, receive services from multiple affiliated firms (with separate fees and no referral compensation), and the firm discloses that key personnel split time across the advisory and accounting businesses, which the firm says informs how services are coordinated and supervised.

Client services

Financial planning Portfolio management

Expertise

Wealth management General retirement planning General tax planning Cash flow / budgeting

Fee options

Fixed

Quarterly flat-fee for investment management services ranging from $300 to $30,000; upfront fee for financial planning $500 - $10,000

Percentage

$0 - $1,500,000: 1.00% annually $1,500,001+: 0.50% annually

Subscriptions

Ongoing comprehensive financial planning paid quarterly in arrears at $300 - $1,500 per quarter

Other

Fee-only: Investment management fees based on AUM or negotiated quarterly flat-fee; flat-fee ranges from $300 to $30,000 quarterly

Main office location

Astute Financial, LLC

429 Quincy Street

Rapid City SD 57701, United States

Number of offices

Most active in

South Dakota

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

(605) 646-3573

Advisors at this firm

Paul F

Series 65

Rapid City, SD

Astute Financial, LLC

Paul Freidel is a financial advisor at Astute Financial, LLC in Rapid City, SD, holding a Series 65 designation with six years of industry experience. He has been involved with Astute Financial since 2019 and also manages Freidel & Associates, LLC, where he serves as Managing Member. In addition, he is a co-owner of KFG, LLC. Astute Financial offers tailored investment management and comprehensive financial planning for individuals, high-net-worth clients, small businesses, and irrevocable trusts. The firm employs a blend of passive and active investment strategies grounded in Modern Portfolio Theory and emphasizes diversification, tax considerations, and long-term planning.

Wealth management General retirement planning General tax planning Cash flow / budgeting

William M

Series 65

Rapid City, SD

Astute Financial, LLC

William Marcham is a financial advisor at Astute Financial, LLC in Rapid City, SD. He holds a Series 65 designation and has experience working at KFG, LLC, KPMG, One Medical, Freidel & Associates, Steward and Company, and RIW Investment Management. He has a background that includes both financial and business roles. Astute Financial provides tailored investment management and comprehensive financial planning for individuals, high-net-worth clients, small businesses, and irrevocable trusts. The firm employs a blend of passive and active investment vehicles based on Modern Portfolio Theory and emphasizes diversification, tax considerations, and long-term planning.

Wealth management General retirement planning General tax planning Cash flow / budgeting

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