Berthel Fisher & Company Financial Services, Inc

CRD#13609
Investment Advisor Firm

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Learn more about Berthel Fisher & Company Financial Services, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Berthel Fisher & Company Financial Services, Inc operates as an advisory firm based in Cedar Rapids, Iowa. It manages $395.9 million in total assets over 2,247 client accounts, making it one of the bigger investment advisory firms in the United States by assets under management (AUM). Berthel Fisher & Company Financial Services, Inc has an average-sized group, including 100 financial advisors. Berthel Fisher & Company Financial Services, Inc does not act as a registered broker-dealer, signifying that the company is not able to 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 defined as exchangable financial assets such as bonds, stocks and options.

    Berthel Fisher & Company Financial Services, Inc manages the majority of the firm's client assets in a discretionary manner. Discretionary management means that transaction choices are made by a portfolio manager without needing to seek the client's consent. Berthel Fisher & Company Financial Services, Inc also manages 404 non-discretionary accounts totaling $63.5 million in AUM. The investment advisory firm's average account size is $176,208. The typical financial advisor at Berthel Fisher & Company Financial Services, Inc manages about 22 client accounts, placing it among the more personalized advisor firms in the country.

    The company's main office is located at 4201 42Nd Street Ne, Cedar Rapids, Iowa 52402. It is permitted to provide services to investors across 46 U.S. states and territories.

    Assets Under Management

    $395.9 million

    Number of Advisors

    100

    Disclosures

    No

    Office Location

    4201 42Nd Street Ne
    Cedar Rapids, IA 52402

    Berthel Fisher & Company Financial Services, Inc by the Numbers

    Total Assets Under Management

    $395.9 million

    National Average: $8.6 billion
    Total Number of Employees

    100

    National Average: 64
    Total Number of Accounts

    2,247

    National Average: 375,227
    Average Account Size

    $176.2 thousand

    National Average: $23.0 thousand
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    Products and Services

    Berthel Fisher & Company Financial Services, Inc provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior financial year, Berthel Fisher & Company Financial Services, Inc provided financial planning services to 1-10 of its clients. It is involved in selling products or offering services aside from investment advisory services to its customers. It is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

    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.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees vary depending on which services are offered. Fees charged by Berthel Fisher & Company Financial Services, Inc most likely consist of the following fee structures: asset-based, hourly, fixed or commission-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Berthel Fisher & Company Financial Services, Inc.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 1% of firms

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm caters to retail investors, high net worth investors and corporations. Out of its 2,247 accounts, Berthel Fisher & Company Financial Services, Inc's biggest client group by number of accounts is retail investors, but it also caters to 74 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 3.3%
    • Other Individuals - 96.35%
    • Corporations - 0.36%
    • 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.

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    Disclosures

    Berthel Fisher & Company Financial Services, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Berthel Fisher & Company Financial Services, Inc

    Payton Boyea
    Sacramento, CA
    Kerry Judd
    Midvale, UT
    Alan Sabo
    Suwanee, GA
    Gail Kaczmarowski
    Northbrook, IL
    Bradford Williams
    Midvale, UT
    Matthew Samek
    Cedar Rapids, IA
    Rickey Tiedemann
    Henderson, NV
    Andrew Christofferson
    Cedar Rapids, IA
    Bruce Schreiner
    Lincoln, NE

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    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.

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