SourcingSourcing

BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.

B51
CRD 13609·SEC 801-62277·CEDAR RAPIDS, IA
AUM
$906.4M
$500M-$1B
Est. Revenue
$9.1M
@ 1% on AUM
Est. EBITDA
$2.7M
@ 30% margin
Est. Deal Value
$21.8M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.
CRD
13609
SEC file #
801-62277
EIN
866627815
DBA names
Berthel Fisher & Company Financial Services, Inc.

Economics

AUM
$906.4M
AUM band
$500M-$1B
AUM trajectory
'20'26
$610.3M → $906.4M▲ +49%
Client mix
Individuals Other3,278
Individuals High Net Worth45
Corporations19
Pension Profit Sharing Plans10

Operations

Employees (total)
100
Advisory staff (per ADV)
100
Advisory staff (5-yr trend)
'20'26
118 advisors → 100 advisors▼ -15%
Primary office
CEDAR RAPIDS IA
Branches
—

Custodian & Brokerage

Primary custodian
E*Tradelow confidence
Services offered
Financial planningPortfolio mgmt — individualsSelection of other advisers
Fee basis
% of AUMHourly chargesFixed feesCommissions

Filings

Latest ADV filing
03/27/2026
ADV-W filed at
—
Website
berthel.com

Compliance

Disclosures (firm)
7
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
BERTHEL FISHER & COMPANY
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
13
Control Persons
BERTHEL FISHER & COMPANY
BERTHEL, THOMAS JOSEPH
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
BERTHEL.COM
Rdap Domain Creation Date
1995-11-08T05:00:00Z
Rdap Firm Age Years
31
Rdap Firm Age Band
20+y
Rdap Registrar
Network Solutions, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001864347
Edgar Registered
Yes
Edgar Filing Count
2
Edgar First Filing Date
2021-05-28
Edgar Last Filing Date
2021-07-02
Edgar Form D Count
2
Edgar Form D Offerings
2021-07-022021-07-02 · 0001864347-21-000002
2021-05-282021-05-28 · 0001864347-21-000001

Compliance & brand

Firm Registration Status
active

All other collected signals (16)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
50
Bc Firm Active IA Count
37
Bc Firm IAR Count
50
Custodian Candidates
Full
E*trade4
Edgar Addresses
Mailing
1345 AVENUE OF THE AMERICAS32ND FLOORNEW YORK, NY 10105
Business
1345 AVENUE OF THE AMERICAS32ND FLOORNEW YORK, NY 10105
Edgar EIN
866627815
Edgar Recent Filings
D/A2021-07-02 · 0001864347-21-000002
D2021-05-28 · 0001864347-21-000001
Firm Has Custody
No
Mailing Office Differs
No
Rdap Domain Expiration Date
2030-11-07T05:00:00Z
Rdap Domain Last Changed
2025-09-10T06:38:37Z
Rdap Nameservers
Ns43.worldnic.comNs44.worldnic.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Transfer Prohibited
Trust Company Affiliate
No

People (62)

62
THOMAS JOSEPH BERTHEL
Executive Officer · 2.5%
823289
KIMBERLY KAREN EARLY CHAPMAN
Executive Officer · 2.5%
2527036
ANDREW JAMES CHRISTOFFERSON
Executive Officer · 2.5%
3248381
SHELLEY RAE DAVENPORT
Executive Officer · 2.5%
2131376
JAMES RALPH HOHN
Executive Officer · 2.5%
5413776
RICHARD MAURICE MURPHY
Executive Officer · 2.5%
4893748
NOETHEN, BRITTANY MICHELLE
Executive Officer · 2.5%
2610543
Brian Michael Rupp
Executive Officer · 2.5%
6721718
JOANNA MARIE SCHAUL
Executive Officer · 2.5%
4947759
Nathanael Benjamin Spencer
Executive Officer · 2.5%
7299827
PAIGE NICHOLE CHRISTOFFERSON
Executive Officer · 2.5%
4575768
RANDY AUSTIN WILCOX
Executive Officer · 2.5%
4346998
Heather Irene VanDenHemel
IAR
4356453
Melissa Marie Carden
IAR
6763316
KELLY DENISE HERZING
IAR
4671706
CHRYSTLE LYNNE VESCO
IAR
5116292
DEBRA ANETTE MILLER
IAR
6487975
CHRISTINE LEE CORDARO
IAR
4705850
Walter J Cook
IAR
6846019
PATRICK ANTHONY DEORIO
IAR
2326905
CHRISTOPHER DAVID SEIPLE
IAR
2185271
LAURA ELIZABETH DAWSON
IAR
4510307
WILLIAM KENDRICK VENABLES
IAR
864303
SHARON MARIE JOHNSON
IAR
2889537
SCOTT LEE WILLIS
IAR
1922293
MAJID MUSTAFA KURESHI
IAR
6328650
TIM ALAN HOHULIN
IAR
1051205
DAVID PAUL SAMUELS
IAR
1796183
Matthew Neal Bins-Castronovo
IAR
7658908
AMANDA RAE COONEY
IAR
4863387
MATTHEW DAVID SHINN
IAR
7628886
Adin Cole Ward
IAR
7925607
KERRY GLEN JUDD
IAR
1919781
BRADFORD TODD WILLIAMS
IAR
4268018
RICHARD RALPH BULLER
IAR
1511922
MICHAEL TODD SHINN
IAR
4824796
JASON JEROME BERNAT
IAR
5290660
SPENCER ALLEN MILLS
IAR
5506169
NATHAN THOMAS CROUCH
IAR
6334289
ANDREW JAKE GEIGER
IAR
8000816
David R Hurlbut
IAR
6695400
GAIL CAROLINE KACZMAROWSKI
IAR
7681949
MICHAEL MCCALL
IAR
8147144
Nancy Corrine Carrel
IAR
6813086
JOHN CHRISTOPHER JOHANNES
IAR
1284854
William Eric Sines
IAR
6991317
DAVID SCOTT DOWNEY
IAR
4543901
RICHARD J HORVATH
IAR
2986519
WILLIAM WILEY JONES
IAR
4800060
Jakob Trent Jeffery
IAR
7507812
TETYANA VYACHESLAVOVNA HADDAD
IAR
5669615
GREGORY EDWARD SZABO
IAR
1665528
ROBERT JOSHUA ROACH
IAR
5136246
MARK BAKKUM
IAR
6420037
PHILIP CONRAD MCWILLIAMS
IAR
1029164
JEAN IAFRATE SCHNEIDER
IAR
1500842
SCOTT WILLIAM DOUP
IAR
1276995
BRIAN JAMES MCCAULEY
IAR
1011765
Brad James LaGrange
IAR
7375208
ARTHUR LESLIE JACKSON
IAR
2257751