Berthel Fisher & Co. Financial Services Inc.

Berthel Fisher & Co. Financial Services Inc.

A subsidiary of Berthel Fisher & Co.

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4201 42nd Street NE Suite 100, PO Box 11340

Cedar Rapids, IA 52402

(319) 447-5700

berthel.com

Clearing firm: National Financial Services LLC

No. advisers: 307

Year founded: 1982

Year end: Dec. 31

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOThomas J. Berthel
Recruiting ContactVern Coates
(800) 356-5234
E-mail
Compliance ContactRandy Wilcox
800-356-5234
E-mail
Marketing ContactShelli Brady
(800) 356-5234
E-mail
Technology Operations ContactBrittany Noethen
(800) 356-5234
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps307324323
No. of producing reps323
No. of reps producing $100K-$499K /year138

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2016 2015 2014
Total revenues$63,183,062
Commission revenues$45,395,291
Fee revenues$14,739,699
Total revenues: Other$3,048,072
2016 2015 2014
Total account assets$8,419,000,000
Fee-based assets$1,508,000,000
Total account assets: Other$6,911,000,000
Average assets per rep0$26,065,015

Berthel Fisher, once again, in hot water with Finra for failing to supervise sales

April 20, 2017 - Three years ago, the Financial Industry Regulatory Authority Inc. fined a mid-sized independent broker-dealer, Berthel Fisher & Co. Financial Services Inc. and an affiliate firm, a whopping $775,000 for a variety of failures to supervise sales of nontraded...

Broker-dealers that sold UDF REITs to face investor claims

February 24, 2016 - Independent broker-dealers that sold the distressed series of UDF real estate investment trusts could soon be facing arbitration claims from angry investors, according to Alan Rosca, a plaintiff's attorney. The firms that have been most prominent in Mr....

Schorsch REIT suspension still in place at major broker-dealers

November 26, 2014 - Despite RCS Capital Corp.'s statement Nov.24 that broker-dealers had reinstated 51 selling agreements for products, some major independent broker-dealers and large broker-dealer networks still have suspensions in place for new sales of nontraded real...

BlackRock CEO Fink's comments on exotic funds divide ETF community

May 29, 2014 - “And … trade,” says a bespectacled, khaki-wearing man, pressing a button on his smartphone. “You, sir, are the sultan of swagger,” a deep, disembodied voice intones. “This is the Fellowship of the Bold, and you are the Grand Poobah, because...

Berthel Fisher has new lease on life

April 4, 2014 - Since the credit crisis, the financial advice industry has been littered with the dead shells of independent broker-dealers that sold fraudulent private placements before the crash. DeWaay Financial Network Inc., GunnAllen Financial Inc., QA3 Financial...

Finra fines Berthel Fisher $775,000 for compliance failures

February 24, 2014 - Finra on Monday fined broker-dealer Berthel Fisher & Co. Financial Services Inc. and an affiliate $775,000 in connection with compliance failures, including inappropriate sales of alternative investments and nontraditional exchange-traded funds. Berthel...

National Planning slammed with $6.2M arbitration award

November 26, 2013 - National Planning Corp., a leading independent broker-dealer, was ordered to pay a $6.2 million arbitration award to two Minnesota investors in a dispute that focused on real estate investments. The investors in the matter, Ronnie and Stacy Erickson and...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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