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 Aug 17, 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, 5G

Compensation

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
Aug 12, 2026	Registration	—	APPROVED

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.