← Directory
BERTHEL FISHER & COMPANY FINANCIAL SERVICES, INC.
Legal name: BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.
CRD 13609File 801-62277
APPROVED
Retail clients
Disclosure events
Filing as of Mar 27, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$906.4M
Above cohort median (national)
Discretionary AUM
$438.1M
Non-discretionary $468.4M
Clients
3,352
3,352 accounts
Employees
100
Above cohort median in IA
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Aug 27, 2003
- Principal office
- 4201 42ND STREET NE, SUITE 100, CEDAR RAPIDS, IA, 52402
- Phone
- 319-447-5700
- Website
- HTTP://WWW.BERTHEL.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $906.4M
- Discretionary AUM
- $438.1M
- Non-discretionary AUM
- $468.4M
- Discretionary accounts
- 1,854
- Non-discretionary accounts
- 1,498
- Total accounts
- 3,352
- AUM per client
- $270K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 19 | $20.4M |
| High net worth individuals | 45 | $161.2M |
| Pension and profit sharing plans | 10 | $5.0M |
| Individuals (other than high net worth individuals) | 3,278 | $719.9M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Commissions
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11G
- Q11C1
- Q11C2
- Q11C4
- Q11C5
- Q11D2
- Q11D4
- Q11E2
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Clients | 2,942 | 3,352 | increased by410 |
| Apr 1, 2026 | AUM | $798,130,823 | $906,439,489 | increased by$108,308,666 |
| Apr 1, 2026 | Accounts | 3,408 | 3,352 | decreased by56 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 4,139 | 2,942 | decreased by1,197 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $970,269,118 | $798,130,823 | decreased by$172,138,295 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 4,139 | 3,408 | decreased by731 |
| Apr 1, 2022 | Clients | 4,302 | 4,139 | decreased by163 |
| Apr 1, 2022 | AUM | $798,064,896 | $970,269,118 | increased by$172,204,222 |
| Apr 1, 2022 | Accounts | 4,302 | 4,139 | decreased by163 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BERTHEL FISHER” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BERTHEL FISHER” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.