Minnesotan finds niche in Sioux Falls’ trust industry

Feb. 19, 2019

This week’s Up-and-Comer is Abbie Ranschau, a trust and wealth adviser with Dacotah Bank.

Name: Abbie Ranschau

Age: 34

Hometown: Clarkfield, Minn.

What brought you to Sioux Falls?

I originally moved to Sioux Falls while attending USD. I was working at Wells Fargo and preferred Sioux Falls, so I took as many classes as available at the University Center and commuted to USD as needed.

What keeps you in Sioux Falls?

The overall community – size, cost of living, and events and activities –  sans the weather as my preference is patio season. There are also vast opportunities in the trust sector as South Dakota is one of the top trust jurisdictions.

What’s your favorite thing about your job?

I like the complexity and diversity of work and creating tailored solutions focused on individualized client objectives.

How did you get connected to your industry?

My interest in finance, my law degree and having my LLM (Master of Laws) in taxation fit well with estate and trust work.

Describe Dacotah Bank in three words.

Customer-centric service.

What’s your favorite way to give back to your community?

I enjoy being able to assist in coordinating events that provide community engagement and bring awareness to various issues. I have greatly appreciated the ability to participate in Leadership Sioux Falls as it has increased my understanding of different industries and the issues each face. I believe the experience will provide knowledge that will allow me to better serve the community. I’m also involved with the South Dakota Trust Association, which I think is essential as an educational platform of the beneficial impact that the trust industry has to Sioux Falls and the ongoing efforts to maintain South Dakota’s status as one of the top trust jurisdictions.

What’s one business you’d like to see in Sioux Falls that isn’t here now?

It would be beneficial to continue to diversify industries for community growth and stability, particularly in the areas of technology and small-business startups. I feel that there has been a renewed focus and commitment on research and entrepreneurship that will assist in developing more possibilities from these sectors.

Where do you see yourself in five years?

Managing a trust department – hopefully sooner than five years from now!

Tags:  

Minnesotan finds niche in Sioux Falls’ trust industry

This week’s Up-and-Comer is Abbie Ranschau, a trust and wealth adviser with Dacotah Bank.

News Tip

Have a business news item to share with us?

Scroll to top