Building Financial Confidence Since 1988
Trusted financial guidance for families, professionals,
& business owners throughout Central Illinois and across the United States.
Our practice areas.
We approach every legal matter with a broad perspective and a sharp focus, integrating insights across our practice areas to deliver unparalleled results for our clients.
Our Services
Comprehensive Financial Planning for Every Stage of Life
We offer straightforward, personalized advice to help you make confident decisions and protect what matters most.
Create a clear, actionable roadmap for your retirement income, Social Security, and 401(k) distributions.
Protect your legacy and make sure your loved ones are cared for with thoughtful estate and trust strategies.
Align investments and withdrawals with smart tax planning to keep more of what you earn.
Secure your financial foundation with life, disability, and long-term care insurance solutions.
Support your employees and safeguard your own future with tailored business retirement plan options.
A Trusted Advocate in Rapid City
People-First Financial Planning Since 1988
Founded by Peter Falstad, Falstad & Associates is built on the belief that great advice flows from great relationships.
We’ve grown alongside our clients—neighbors, teachers, small business owners, and families across Central Illinois—helping each one plan with clarity and confidence.
“Our mission is to help you make your financial dreams a reality through personal and customized planning.”
Whether you’re approaching retirement or just getting started, we meet you where you are—with warmth, honesty, and guidance you can trust.
“If you want a real relationship with an advisor and not feel like just a number, we highly recommend Falstad & Associates.”
“From the moment you step into their office, you feel valued, respected, and at home.”
“We chose Falstad & Associates because they were willing to say, ‘I don’t need your money.’”
“They feel like an extension of our family—and we have complete faith in them.”
“Within two years, I went from doubting retirement to living comfortably with a smile.”
“Thanks to Falstad’s caring and forward-thinking team, we feel confident about our financial future.”
"Not only does Pete show up for me time and again, his staff show genuine care and warmth that makes walking into the office feel more like a reunion with friends."
"Stephen is an asset to our company. He skillfully reviews and negotiates multimillion-dollar contracts, he artfully drafts subcontracts and leases, and he has successfully represented us in court and before municipal boards. He is an accomplished lawyer that is always there when we need him. He is our confidant and friend."
Furino & Sons Inc. (Brothers Four)
"It is truly our pleasure to recommend Stephen to any individual or corporation looking for highly skilled legal counsel. He has represented us on a variety of corporate legal matters and he is a master with both contract and lease negotiations, always offering exceptional strategic advice. More recently, he represented us in front of the Township Planning Board and helped us achieve our desired results when it seemed impossible. We highly endorse Stephen both personally and professionally."
HEC Holding Co., LLC
"Stephen has successfully represented our company’s interests in several matters involving intricate fact patterns and novel legal theories. In one, a particularly aggressive plaintiff was convinced by Stephen to voluntarily dismiss a lawsuit in which it sought significant monetary damages. These favorable outcomes have resulted from Stephen’s thorough and careful review of all facts and circumstances and his dedication to the best interests of his client. In every matter in which we have retained Stephen he has sought to obtain the best possible result in the shortest possible time. We recommend Stephen without reservation."
RPM Development Group
What sets your approach apart?
Our attorneys combine academic rigor, industry leadership, and a deep understanding of complex legal landscapes to deliver strategies uniquely tailored to each client.
How do you handle intricate legal challenges?
We thrive on complexity, leveraging decades of experience to uncover solutions others might miss. Every case is approached with precision, diligence, and creativity.
What kind of communication can clients expect?
We prioritize direct and consistent communication, offering clear updates and actionable insights throughout the legal process, so you remain confident and informed.
How do you approach long-term legal partnerships?
We build enduring relationships by aligning with our clients’ long-term objectives, acting as trusted advisors who guide and support through every phase of their ventures.
What can I expect during my consultation?
Your initial consultation will involve an in-depth discussion of your goals and challenges, allowing our attorneys to outline tailored strategies and next steps. See below for a typical process cadence.
Plan
We develop a tailored legal and business strategy to bring clarity to your path forward.
Execute
We handle all the details, transactions, and filings with expertise and efficiency.
Assess
We listen to your needs, goals, and concerns to understand your unique situation.
We build lasting relationships—offering guidance and support long after the initial engagement.
