South Dakota · Public trust company
Capital First Trust Company, Inc.
Services offered
- Directed and delegated / Advisor Friendly Trust administration
- Corporate trusteeship and co-trusteeship as described by the firm
- Settlement preservation trusts as marketed
- Special-needs trust administration as marketed
- Revocable and irrevocable personal-trust administration as listed by the firm
Who it is for
- Financial advisors who want to keep the investment relationship
- Settlement planners and attorneys
- Families using directed or delegated trusts with an existing advisor
Sourced facts
- On the South Dakota Division of Banking roster of trust companies chartered to do business in South Dakota as of September 2026 as Capital First Trust Company, Inc., credential TC.009-2, public TC.2, first issuance 17 March 1999, at 701 North Phillips Avenue, Suite 140, Sioux Falls, SD 57104.
- The office-locations page states Capital First is an independent, South Dakota-chartered trust company with offices in Sioux Falls; Milwaukee, Wisconsin (700 W Virginia Street, Suite 500); and Mendota Heights, Minnesota (2263 Waters Drive). Published phone is 800-521-2359.
- The same page says the firm is focused solely on fiduciary administration, partners with advisors, settlement planners, and attorneys, and does not compete with them. A settlement-trust FAQ states the firm is not affiliated with any bank.
- Advisor Directed Trust and Advisor Friendly Trust pages describe directed and delegated structures so assets can remain with the client’s chosen advisor. The firm also markets settlement-preservation and special-needs trusts; this listing notes those offerings and does not rank them.
- The fiduciary-oversight page states the South Dakota Division of Banking examines the firm every 18 to 36 months, that annual financial reports go to the Director of Banking, and that trust assets are owned by the beneficiaries and fully segregated from the company’s operating assets.
Notes
Capital First Trust Company, Inc. is on the South Dakota Division of Banking September 2026 roster as a public trust company (TC.009-2), first issued 17 March 1999, at 701 North Phillips Avenue, Suite 140, Sioux Falls.
The firm calls itself an independent, trust-only company, not affiliated with any bank. It publishes Advisor Directed Trust and Advisor Friendly Trust pages for directed and delegated seats so the advisor keeps the book. Settlement-preservation and special-needs trusts are also marketed; this page notes them and does not rank them. Additional offices are published in Milwaukee and Mendota Heights. The fiduciary-oversight page cites Division exams every 18–36 months and segregated trust assets. This page does not invent fees, AUM, or coverage amounts.
What to verify next
Confirm credential TC.009-2 and that Capital First Trust Company, Inc. is the appointed South Dakota trustee. Get the directed-versus-delegated seat in writing — the firm publishes both and says the legal difference matters. If the file is a settlement or special-needs trust, say so; those are marketed offerings, not a ranking. Confirm which office (Sioux Falls, Milwaukee, or Mendota Heights) will administer. The firm cites Division exams every 18–36 months and segregated trust assets — ask for current confirmation. Ask for a fee schedule; do not invent fees. Omit AUM.
Sources
State file: South Dakota trust companies · South Dakota directed trustees · Other South Dakota listings