{
  "crd_number": 164428,
  "slug": "applied-financial-wisdom-rapid-city-sd-164428",
  "primary_business_name": "APPLIED FINANCIAL WISDOM",
  "legal_name": "ALLIANCE OF WEALTH ADVISORS, LLC",
  "dbas": [
    "APPLIED FINANCIAL WISDOM"
  ],
  "city": "Rapid City",
  "state": "SD",
  "country": "United States",
  "cbsa_code": "39660",
  "metro": {
    "cbsa_code": "39660",
    "common_name": "Rapid City",
    "msa_name": "Rapid City, SD",
    "path": "/advisors/sd/rapid-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-01-12",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-03-09",
  "carried_forward": false,
  "raum_total": 130250000.0,
  "raum_discretionary": 90250000.0,
  "raum_non_discretionary": 40000000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 85000000.0,
      "count": 150
    },
    "high_net_worth_individuals": {
      "raum": 45000000.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 250000.0,
      "count": 1
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "KS",
    "MD",
    "NH",
    "PA",
    "SD",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://appliedfinancialwisdom.com",
    "https://facebook.com/APPLIEDFINANCIALWISDOM",
    "https://linkedin.com/in/chris-ruspi-cfp-96aa847b",
    "https://twitter.com/AFWISDOM",
    "https://youtube.com/channel/UCDp41iH7mZUksaJckMfAULA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164428",
  "city_as_filed": "RAPID CITY",
  "url": "https://advisorcensus.com/firm/applied-financial-wisdom-rapid-city-sd-164428",
  "display_name": "Applied Financial Wisdom",
  "summary": "Applied Financial Wisdom is an SEC-registered investment advisory firm in Rapid City, SD, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 9, 2026.",
  "citation": "AdvisorCensus. Applied Financial Wisdom (CRD 164428): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Applied Financial Wisdom compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Applied Financial Wisdom reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Applied Financial Wisdom's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 9, 2026 states: Asset-based fee: up to 3% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Applied Financial Wisdom located?",
      "a": "Applied Financial Wisdom's principal office is in Rapid City, SD, according to its Form ADV."
    },
    {
      "q": "Is Applied Financial Wisdom registered with the SEC or a state?",
      "a": "Applied Financial Wisdom is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 164428."
    },
    {
      "q": "How much does Applied Financial Wisdom manage?",
      "a": "Applied Financial Wisdom reports $130,250,000 in regulatory assets under management in its Form ADV filing dated March 9, 2026 (69% discretionary)."
    },
    {
      "q": "What types of clients does Applied Financial Wisdom serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (150); high net worth individuals (1); corporations or other businesses not listed above (1)."
    },
    {
      "q": "Which custodians does Applied Financial Wisdom use?",
      "a": "Applied Financial Wisdom's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Applied Financial Wisdom report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/164428"
    },
    {
      "q": "Does Applied Financial Wisdom state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 9, 2026 says: \"Our firm does not impose an account minimum. We believe that every investor, large or small, deserves unbiased, uninfluenced, professional management services.\""
    },
    {
      "q": "What changed in Applied Financial Wisdom's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Newly registered with the SEC."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Newly registered with the SEC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 9, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "3% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 3% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "AFW charges clients a management fee ranging up to 3.00% per annum, collected quarterly in advance based on the fair market value of the assets in the account at the close of business on the last day of the previous quarter."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Our firm does not impose an account minimum. We believe that every investor, large or small, deserves unbiased, uninfluenced, professional management services."
        ]
      }
    ],
    "quotes": [
      "AFW charges clients a management fee ranging up to 3.00% per annum, collected quarterly in advance based on the fair market value of the assets in the account at the close of business on the last day of the previous quarter.",
      "Our firm does not impose an account minimum. We believe that every investor, large or small, deserves unbiased, uninfluenced, professional management services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/applied-financial-wisdom-rapid-city-sd-164428.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 150,
      "fewer_than_5": false,
      "raum": 85000000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1,
      "fewer_than_5": false,
      "raum": 45000000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": false,
      "raum": 250000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164428",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}