Astute Financial, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$59,857,483
Clients
43
Advisors
2
of 3 employees
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
Expertise
Fee options
Quarterly flat-fee for investment management services ranging from $300 to $30,000; upfront fee for financial planning $500 - $10,000
$0 - $1,500,000: 1.00% annually $1,500,001+: 0.50% annually
Ongoing comprehensive financial planning paid quarterly in arrears at $300 - $1,500 per quarter
Fee-only: Investment management fees based on AUM or negotiated quarterly flat-fee; flat-fee ranges from $300 to $30,000 quarterly
Main office
429 Quincy Street
Rapid City SD 57701
Advisors at this office
2
Most active in
South Dakota
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
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:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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 is also the managing member of Freidel & Associates, LLC and co-owner of KFG, LLC. His firm, Astute Financial, LLC, manages approximately $81.6 million for around 43 clients, providing discretionary portfolio management and comprehensive financial planning to individuals, small businesses, and irrevocable trusts. The firm employs a blend of passive and active investment strategies based on Modern Portfolio Theory and offers ongoing financial planning through a subscription service.
William M
Series 65
Rapid City, SD
Astute Financial, LLC
William Marcham is a financial advisor with Astute Financial, LLC, holding a Series 65 credential and one year of industry experience. His prior roles include positions at KFG, LLC, KPMG, One Medical, Freidel & Associates, Steward and Company, and RIW Investment Management. Astute Financial, LLC is a small advisory firm managing approximately $81.6 million for around 43 clients through two advisors. The firm serves individuals, small businesses, and irrevocable trusts, employing a blend of passive and active investment strategies based on Modern Portfolio Theory, with regular reviews and discretionary trading.
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