AdvisorCensus / Financial advisors / South Dakota / Rapid City / KFG, LLC
KFG, LLC is an SEC-registered investment advisory firm in Rapid City, SD, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 8, 2026.
Quick answers
From the filingHow is KFG, LLC compensated?
On its Form ADV (Item 5.E, October 2026), KFG, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.
Where is KFG, LLC located?
KFG, LLC's principal office is in Rapid City, SD, according to its Form ADV; the October 2025 filing also lists 1 other office (Schedule D, Section 1.F).
Is KFG, LLC registered with the SEC or a state?
KFG, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 337331.
How much does KFG, LLC manage?
KFG, LLC reports $188,100,000 in regulatory assets under management in its Form ADV filing dated July 8, 2026 (77% discretionary).
What types of clients does KFG, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (54); individuals (other than high net worth individuals) (46); corporations or other businesses not listed above (1).
Which custodians does KFG, LLC use?
KFG, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does KFG, LLC report any disciplinary disclosures?
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/337331
Does KFG, LLC state an account minimum?
Its Form ADV Part 2A brochure dated July 8, 2026 says: "There is no account minimum for either service."
What changed in KFG, LLC's recent Form ADV filings?
In the March 2026 filing data: Employees performing advisory functions went from 9 to 10. No longer lists an office in Rapid City, SD. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
There is no account minimum for either service.
As stated in the firm's Form ADV Part 2A brochure dated July 8, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$188,100,000 as of October 2026, filing dated July 8, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Other
Registration and firm details
Items 1, 2, 5- Also doing business as
- KAHLER FINANCIAL GROUP
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 10. Performing investment advisory functions: 10.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the October 2025 filing
- States registered or notice-filed
-
5 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Changes in the filing
Last 12 months- March 2026
- Employees performing advisory functions went from 9 to 10.
- No longer lists an office in Rapid City, SD.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Newly registered with the SEC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. KFG, LLC (CRD 337331): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/kfg-llc-rapid-city-sd-337331