State BrokerCheck inventory · July 2026

Iowa broker-dealer grades

According to FINRA BrokerCheck as of July 2026, Iowa ranks #28 of 56 by registered-firm inventory (17) and #21 of 56 by aggregate disclosure load (100), then #8 of 33 on disclosures-per-firm and #32 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#28
of 56 by firm inventory
17
registered firms
100
disclosures on file
5.9
avg disclosures / firm

Iowa at a glance

According to FINRA BrokerCheck as of July 2026, Iowa ranks #28 of 56 by registered-firm inventory (17) and #21 of 56 by aggregate disclosure load (100), then #8 of 33 on disclosures-per-firm and #32 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#28 of 56
registered-firm inventory
#21 of 56
aggregate disclosure load
#8 of 33
disclosures per firm (≥10 firms)
#32 of 33
Grade-A share (≥10 firms)

Disclosure-load ordinal matches the /states listing. Missouri leads disclosures-per-firm; Maine leads Grade-A share among states with at least 10 firms. Neither rank is investment advice. See methodology · corpus placement.

Where Iowa sits by disclosures per firm

COUNT-derived placement among 33 states and territories with at least 10 graded firms. Lower intensity is cleaner for residents; large multistate HQs can lift a state's average without describing every local office.

Iowa vs every ≥10-firm state by disclosures per firm

Size-normalized disclosure intensity · FINRA BrokerCheck extract

6 Among the lightest loads a lower disclosures-per-firm load than 76% of 33 floor-qualified states

0–2: 10 floor-qualified states (30%). Below this entry. 2–4: 9 floor-qualified states (27%). Below this entry. 4–6: 8 floor-qualified states (24%). This entry sits in this band. 6–8: 1 floor-qualified states (3%). Above this entry. 8–10: 1 floor-qualified states (3%). Above this entry. 10–12: 0 floor-qualified states (0%). Above this entry. 12–14: 2 floor-qualified states (6%). Above this entry. 14–16: 0 floor-qualified states (0%). Above this entry. 16–18: 0 floor-qualified states (0%). Above this entry. 18–20: 1 floor-qualified states (3%). Above this entry. 20–22: 0 floor-qualified states (0%). Above this entry. 22–24: 0 floor-qualified states (0%). Above this entry. 24–26: 0 floor-qualified states (0%). Above this entry. 26–28: 0 floor-qualified states (0%). Above this entry. 28–30: 0 floor-qualified states (0%). Above this entry. 30–32: 0 floor-qualified states (0%). Above this entry. 32–34: 0 floor-qualified states (0%). Above this entry. 34–36: 1 floor-qualified states (3%). Above this entry. Iowa 0 36 every state with ≥10 graded firms, bucketed by value

Each bar is a band; taller bars hold more floor-qualified states. 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 · July 2026

Firm-size mix among 17 graded firms

FINRA BrokerCheck size classes in Iowa. Segments sum to the graded inventory, a catalog shape, not the A-F grade ChartBar below.

17
Registered Firms
5
Clean Record (Grade A)
100
Total Disclosures
5.9
Avg Disclosures / Firm

Grade Distribution

How Iowa's 17 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (5)5 firmsB, low (11)11 firmsC, typical (0)0 firmsD, elevated (1)1 firmF, heaviest (0)0 firms
Grade breakdown of 17 graded firms headquartered in Iowa

Firms by Disclosure Count

#FirmDisclosuresOfficesGrade
1Berthel, Fisher & Company Financial Services, Inc.Cedar Rapids42188B
2Cambridge Investment Research, Inc.Fairfield192,837B
3Principal Securities, Inc.Des Moines121,061B
4Cuna Brokerage Services, Inc.Waverly118D
5Securities Management & Research, Inc.Cedar Rapids556B
6Integrity Alliance, LLC.Urbandale4428B
7Ausdal Financial Partners, Inc.Davenport2198B
8D.M. Kelly & CompanyDes Moines12B
9FBL Marketing Services, LLCWest Des Moines1915B
10FSB Premier Wealth Management, Inc.Waterloo16B
11Janssen Partners, Inc.Fairfield12B
12Nations Financial Group, Inc.Cedar Rapids146B
13Athene Securities, LLCWest Des Moines03A
14Haverkamp Investments, Inc.Ames01A
15Principal Funds Distributor, Inc.Des Moines018A
16Sammons Financial Network, LLCWest Des Moines02A
17Wilton RE Distributors LLCCedar Rapids02A

Lower Grade-A share

Iowa's elevated per-firm intensity

Iowa ranks #32 of 33 on Grade-A share (29.4% clean) - cloudier third among ≥10-firm states.

Iowa averages 5.9 disclosures per firm (#8 of 33 among ≥10-firm states) - hotter intensity band. Grade-A share is 29.4% (5 of 17 graded) - cloudier third among floor-qualified states; D/F share is 5.9%. Heaviest raw book in-state: Berthel, Fisher & Company Financial Services, Inc. (42 disclosures across 188 offices).

Grades are editorial signals from a size-normalized model, not FINRA ratings. Disclosure totals are reported events, not proven violations . This page is informational only and does not constitute financial, legal, or investment advice. Confirm current records at FINRA BrokerCheck.

Frequently asked questions

Where does Iowa sit among states by BrokerCheck disclosure load?
According to FINRA BrokerCheck as of July 2026, Iowa ranks #28 of 56 by registered-firm inventory (17) and #21 of 56 by aggregate disclosure load (100), then #8 of 33 on disclosures-per-firm and #32 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board. Aggregate disclosure load is not a judgment of the state's regulators or of any individual firm.
How many broker-dealer firms are registered in Iowa?
Iowa has 17 actively registered broker-dealer firms on FINRA BrokerCheck, of which 5 (29.4%) hold a clean Grade-A record with no reportable disclosures.
Which Iowa broker-dealer has the most FINRA disclosures?
Berthel, Fisher & Company Financial Services, Inc. leads Iowa's listing with 42 BrokerCheck disclosures across 188 offices (Grade B). Totals are reported events, not proven violations - verify on FINRA BrokerCheck.
How should I read Iowa's safety grades?
On Iowa's heavier-load board, grades stay size-normalized (weighted disclosures ÷ branch footprint within size class). Zero-disclosure firms earn A. Editorial signals only - not FINRA ratings; see methodology.
Is this official Iowa broker data?
Yes. Iowa's firm rows come from FINRA BrokerCheck and SEC IAPD public registries. PlainAdvisorCheck aggregates and size-normalizes them; underlying records are public domain. This is not financial advice.
All Iowa Firms → All States →

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records for Iowa. Iowa ranks #28 by firm inventory and #21 by disclosure load in the PlainAdvisorCheck extract as of July 2026.