Bankers Trust of South Dakota


South Dakota is one of the most popular and attractive jurisdictions for trust administration due to its favorable trust laws. Bankers Trust of South Dakota was chartered in 1999 to serve ultra-high net worth families in a structure that closely resembles that of a family office. As the oldest state chartered public trust company in Sioux Falls, we accommodate a full range of trust environment needs and can serve in a number of capacities, including Trustee, Directed Administrator, Full Service Investment Manager or Agent. Additionally, we add significant value for financial advisors seeking the ability to maintain relationships with their client but desire an administrative trustee in a favorable jurisdiction.

Bankers Trust Company of South Dakota is currently responsible for over $2.6 billion in assets under administration, and is a wholly owned subsidiary of Bankers Trust Company of Des Moines, Iowa.

Benefits of South Dakota Trusts

Multi-Generational Planning
South Dakota has no "Rule Against Perpetuities." This allows the creator of a trust to determine how long their trust should last. The result is efficient administration of trust assets over many generations as well as the possibility of minimizing or avoiding Federal estate taxes.

Asset Protection Planning
South Dakota's asset protection trust statute is considered to be among the best in the nation. A properly drafted South Dakota trust can provide protection of trust assets from future claims of many types of creditors while still providing the settlor with lifetime benefits. Clients can have peace of mind knowing that their hard-won assets cannot be reached by future creditors.

Modern Trust Laws
South Dakota's trust statutes provide great flexibility in both planning and administration. Directed trust statutes allow grantors and beneficiaries to continue utilizing trusted investment and other professional advisors within a South Dakota trust. Additionally it offers great flexibility in modifying the terms of existing trusts or "decanting" existing trusts into new trusts with provisions that match the current needs of beneficiaries.

Why Bankers Trust of South Dakota

Service you can trust
We are a reputable organization providing trust services since 1999. Additionally Bankers Trust of South Dakota was named as one of America's Most Advisor-Friendly Trust Companies by The Trust Advisor in 2014.

Expertise to Serve You
Working with us means getting access to highly experienced staff with extensive technical expertise regarding the unique trust laws of South Dakota. Additionally, your trust advisor has over 20 years of experience in the trust industry and is a Certified Trust and Financial Advisor (CTFA) and a Certified IRA Services Professional (CISP).

Personal Service You Can Count On
We have the size and capacity to offer a broad product and service offering, but we're small enough to be nimble, flexible and client-focused. Additionally, our clients benefit from the accessibility of deeper resources our affiliates can offer when needed.


​Contact a Wealth Advisor

Jessica Beavers, CTFA, CISP
Bankers Trust of South Dakota
(605) 338-5033 
5032 South Bur Oak Place, Suite 131
Sioux Falls, SD 57108


Non-Deposit Investment Services are not insured by FDIC or any government agency and are not bank guaranteed. They are not deposits of the bank and may lose value.

South Dakota Trust Services