Bankers Life Advisory Services, Inc
Answer a few questions and
get matched with an advisor.
Learn more about Bankers Life Advisory Services, Inc
Overview
Bankers Life Advisory Services, Inc is a financial advisory company located in Chicago, Illinois. Bankers Life Advisory Services, Inc handles $1.1 billion in assets under management throughout 10,292 customer accounts, placing it among the bigger investment advisory firms in the country by assets under management (AUM). Bankers Life Advisory Services, Inc has a large team, including 363 financial advisors. Bankers Life Advisory Services, Inc does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like options, stocks and bonds.
Bankers Life Advisory Services, Inc administers most of its client assets on a discretionary basis. Discretionary management signifies that buy and sell decisions for the client's account are made by a portfolio manager without requiring client permission. The firm also manages 26 non-discretionary accounts totaling $14.2 million in AUM. The company oversees roughly $109,320 for each account. The typical financial advisor at Bankers Life Advisory Services, Inc administers around 28 client accounts, placing it towards the middle in terms of personalization.
The firm's headquarters is located at 111 E. Wacker Drive, Chicago, Illinois 60601. The company is legally allowed to serve investors throughout 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Bankers Life Advisory Services, Inc by the Numbers
$1.1 billion
363
10,292
$109.3 thousand
Products and Services
Bankers Life Advisory Services, Inc offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, selection of other advisers and educational seminars. However, it did not provide financial planning services to any of its accounts in the prior financial year. It does not sell products or offer services aside from investment advice to its investment advisory customers. It is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and real estate broker or dealer.
Core Advisor Services
-
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
-
Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
-
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
-
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
-
Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
-
Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services usually depend on the services offered. However, fee types billed by the firm most likely are comprised of some combination of the following fee types: asset-based or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 10% of firms
Other
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
It caters to retail investors, high net worth investors and pension plans. Out of its 10,292 customers, Bankers Life Advisory Services, Inc's biggest client group is retail investors, though it also caters to one high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.
- High-Net-Worth Individuals* - 0.01%
- Other Individuals - 99.74%
- Corporations - 0.25%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Bankers Life Advisory Services, Inc does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
Financial Advisors at Bankers Life Advisory Services, Inc
Chicago, IL
Chicago, IL
Chicago, IL
Englewood, CO
Chicago, IL
Fort Wayne, IN
Chicago, IL
Chicago, IL
Erie, PA
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.