CRD #13609 · FINRA BrokerCheck + SEC IAPD

Berthel, Fisher & Company Financial Services, Inc.

According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Berthel, Fisher & Company Financial Services, Inc. ranks #121 of 20,055 by disclosure count (most disclosures first). Among firms registered in IA, it ranks #1 of 17 on the same disclosure sort used on the state browse page. Berthel, Fisher & Company Financial Services, Inc. carries 42 BrokerCheck disclosures across 188 branch offices - light load for a large firm, earning a Grade B.

Verify on FINRA BrokerCheck → Browse all firms
Grade B
Safety grade
188
branch offices
42
disclosures
#121 of 20,055
disclosure rank · graded

FINRA BrokerCheck disclosure docket

CRD record 13609 Berthel, Fisher & Company Financial Services, Inc.

Berthel, Fisher & Company Financial Services, Inc. · Grade B · 42 disc · 0.22/office · Large firm

  • CRD 13609
  • GRADE B
  • DISC 42
  • REG 27
  • ARB 15
  • CIV 0
  • BRANCH 188
  • PER-OFF 0.22
  • RANK #121 of 20,055
  • BOOK Large firm

Intensity peers

Nearest same-size peer: Fidelity Brokerage Services LLC (0.21 disc/office)

Fidelity Brokerage Serv…0.21Lasalle ST Securities, …0.16Natixis Securities Amer…0.15Berthel, Fisher & C… (this)0.22
Disclosures per office among large firm peers (lower is cleaner)

Berthel, Fisher & Company Financial Services, Inc. ranks #121 of 20,055 by disclosure count among graded broker-dealers; light load at 0.22 disclosures per office. Verify on FINRA BrokerCheck →

PlainAdvisorCheck rating 4/5 - an editorial, size-normalized signal, not a regulatory determination. Always verify the underlying record on FINRA BrokerCheck before engaging an advisor.

Data updated July 2026

Branch offices

188 offices

FINRA: Medium firm

Total disclosures

42 events

On FINRA BrokerCheck

Regulatory events

27 actions

64% of all disclosures

Disclosures per office

0.22 per office

42 ÷ 188 offices

Berthel, Fisher & Company Financial Services, Inc. vs. every disclosing firm

Disclosures per branch office, the size-normalized signal behind the grade (lower is cleaner)

0 Among the cleanest for its size a cleaner per-office record than 76% of 1,251 disclosing firms

0–0: 314 disclosing firms (25%). This entry sits in this band. 0–1: 159 disclosing firms (13%). Above this entry. 1–1: 301 disclosing firms (24%). Above this entry. 1–1: 40 disclosing firms (3%). Above this entry. 1–1: 140 disclosing firms (11%). Above this entry. 1–2: 32 disclosing firms (3%). Above this entry. 2–2: 65 disclosing firms (5%). Above this entry. 2–2: 9 disclosing firms (1%). Above this entry. 2–2: 72 disclosing firms (6%). Above this entry. 2–3: 14 disclosing firms (1%). Above this entry. 3–3: 24 disclosing firms (2%). Above this entry. 3–3: 6 disclosing firms (0%). Above this entry. 3–3: 32 disclosing firms (3%). Above this entry. 3–4: 5 disclosing firms (0%). Above this entry. 4–4: 10 disclosing firms (1%). Above this entry. 4–4: 3 disclosing firms (0%). Above this entry. 4–4: 9 disclosing firms (1%). Above this entry. 4–5: 3 disclosing firms (0%). Above this entry. 5–5: 11 disclosing firms (1%). Above this entry. 5–5: 2 disclosing firms (0%). Above this entry. This firm 0 5 every disclosing firm, by disclosures per office, bucketed by value

Each bar is a band; taller bars hold more disclosing firms. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · 2026

Disclosure Breakdown

Disclosure Type Count
Regulatory Events 27
Arbitrations 15
Civil Events 0
Total 42

Counts for Berthel, Fisher & Company Financial Services, Inc. reflect events reported on FINRA BrokerCheck as of July 2026. Disclosures are reported events, not proven violations.

Disclosure category share

Regulatory 27 Arbitration 15 Civil 0

Firm Details

Firm Size
Medium
Scope
ACTIVE
Location
Cedar Rapids, IA
CRD Number
13609

Lower disclosures per office

Berthel, Fisher & Company Financial Services, Inc. in the heavier-disclosure third

Berthel, Fisher & Company Financial Services, Inc. carries 42 BrokerCheck disclosures across 188 branch offices - a heavier-third raw book among graded firms (#121 of 20,055). Regulator-initiated events are 64% of the book (27 regulatory / 15 arbitration / 0 civil).

Berthel, Fisher & Company Financial Services, Inc. runs 0.22 disclosures per branch office (cleaner than 76% of disclosing multi-office firms). Verify on FINRA BrokerCheck ↗ · how disclosures are interpreted.

Educational summary of Berthel, Fisher & Company Financial Services, Inc.'s disclosure book - not financial advice. Disclosures are reported events, not proven violations; consult a licensed advisor before decisions.

Iowa cohort · 7.14× state average

Berthel, Fisher & Company Financial Services, Inc. sits above the Iowa disclosure average

Berthel, Fisher & Company Financial Services, Inc. reports 42 BrokerCheck disclosures, 7.14× the Iowa average of 5.9 across 17 graded firms with a principal-office state on file.

In Iowa, 5 firms carry Grade A and 0 carry Grade F on the same size-normalized scale.

Average uses graded firms with a principal-office state on file, not a full 50-state census. Open the Iowa state book →

Source: FINRA BrokerCheck & SEC IAPD Public Disclosure Data

Frequently Asked Questions

Where does Berthel, Fisher & Company Financial Services, Inc. sit among graded broker-dealers by disclosure count?
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Berthel, Fisher & Company Financial Services, Inc. ranks #121 of 20,055 by disclosure count (most disclosures first). Among firms registered in IA, it ranks #1 of 17 on the same disclosure sort used on the state browse page. Ordinals match the disclosure-first sort documented on our methodology corpus-placement section. A high disclosure rank is not automatically a finding of wrongdoing; larger firms accumulate more reported events. Always review the underlying FINRA BrokerCheck detail before engaging.
What does a grade of B mean for Berthel, Fisher & Company Financial Services, Inc.?
A grade of B reflects Berthel, Fisher & Company Financial Services, Inc.'s disclosure intensity, its weighted disclosure load per branch office, ranked against other firms of a similar size (large firm). It carries 42 total disclosures across 188 branch offices. Review the specific disclosures on FINRA BrokerCheck before engaging.
How many FINRA disclosures does Berthel, Fisher & Company Financial Services, Inc. have?
Berthel, Fisher & Company Financial Services, Inc. has 42 total FINRA disclosures, including 27 regulatory events, 15 arbitrations. Disclosures reflect reported events on FINRA BrokerCheck and do not necessarily indicate proven violations.
How big is Berthel, Fisher & Company Financial Services, Inc.?
Berthel, Fisher & Company Financial Services, Inc. operates 188 branch offices and is classified by FINRA as a medium firm, registered in IA (Large firm). FINRA BrokerCheck publishes branch-office counts but not a firmwide registered-representative headcount, so PlainAdvisorCheck measures firm size by branch footprint.
Where can I verify Berthel, Fisher & Company Financial Services, Inc.'s disciplinary record?
You can verify Berthel, Fisher & Company Financial Services, Inc.'s full disciplinary history on FINRA BrokerCheck at brokercheck.finra.org using CRD number 13609. BrokerCheck provides detailed information about individual registered representatives, complaints, and regulatory actions.
What is a FINRA disclosure?
A FINRA disclosure is a reported event (regulatory, arbitration, or civil). Berthel, Fisher & Company Financial Services, Inc.'s 42 events mean reading the underlying BrokerCheck detail matters more than the raw count alone.
Should I avoid Berthel, Fisher & Company Financial Services, Inc. because of its disclosures?
Not necessarily. Larger firms accumulate more disclosures simply because they operate more offices, so PlainAdvisorCheck grades each firm against same-size peers rather than on raw counts. Berthel, Fisher & Company Financial Services, Inc. carries 42 disclosures across 188 branch offices (about 0.22 per office). Review the nature of individual disclosures on FINRA BrokerCheck before making a decision.

Nationwide peers by disclosures or branches

Two PlainAdvisorCheck-derived peer sets for Berthel, Fisher & Company Financial Services, Inc., both outside IA so the neighborhoods are not state containment (the same-size intensity list below stays size-tier local).

Read with this firm

  • Fidelity Brokerage Services LLC (RI) - 0.21 disclosures/office, nearest large firm peer to Berthel, Fisher & Company Financial Services, Inc.'s 0.22
  • Lasalle ST Securities, L.L.C. (IL) - 0.16 disclosures/office, nearest large firm peer to Berthel, Fisher & Company Financial Services, Inc.'s 0.22
  • Natixis Securities Americas LLC (NY) - 0.15 disclosures/office, nearest large firm peer to Berthel, Fisher & Company Financial Services, Inc.'s 0.22
  • Firms in IA - state roster that includes Berthel, Fisher & Company Financial Services, Inc.'s registration home.
  • How to Vet a Financial Advisor - Due diligence checklist when reviewing a Grade B firm like Berthel, Fisher & Company Financial Services, Inc..
  • Reading BrokerCheck Reports - How Berthel, Fisher & Company Financial Services, Inc.'s 0.22 disclosures-per-office figure is derived.
  • Most Disclosures - Raw disclosure-volume leaders for context next to Berthel, Fisher & Company Financial Services, Inc..
  • Compare firms - put Berthel, Fisher & Company Financial Services, Inc. next to peers on grade and footprint.

Read our methodology - heavier-disclosure firms: how raw counts and per-office intensity are graded.

Retrieved and formatted by PlainAdvisorCheck from FINRA BrokerCheck public records.