Sections

Weather Forecast

Close
Advertisement
Pierce McDowell at South Dakota Trust in Sioux Falls poses next to a 1934 news clipping from when a notorious gang robbed the bank where his grandfather worked. As much as anyone, McDowell can take credit for transforming South Dakota into the Bermuda of the prairie: In just four years, the amount of money administered by such state trust companies has tripled to $121 billion, almost all of it from out of state. (Bloomberg News photo by Zachary R. Mider)

The rich and their trust funds benefit from SD addresses

Email

By Zachary R. Mider

Bloomberg News

Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls.

Get the full story
Subscribe or Log In 

Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.

You will need your subscription account number and phone number. Not sure if you have an account? Email us or call (605) 996-5514 and we can help you.

Advertisement
Advertisement
Advertisement