Berthel Fisher & Company Financial Services, Inc
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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
Number of Advisors
Disclosures
Office Location
Berthel Fisher & Company Financial Services, Inc by the Numbers
$395.9 million
100
2,247
$176.2 thousand
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
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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.
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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.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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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.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
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
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 1% of firms
Commissions
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Offered by 32% of firms
Fixed
Unavailable
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
Sacramento, CA
Midvale, UT
Suwanee, GA
Northbrook, IL
Midvale, UT
Cedar Rapids, IA
Henderson, NV
Cedar Rapids, IA
Lincoln, NE
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