Iowa

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

Iowa at a glance

As of July 2026, Iowa registers 17 broker-dealer firms on FINRA BrokerCheck - 5 carry a clean record and 100 disclosures are on file statewide.

17
registered firms: 5
with a clean record (Grade A): 100
total disclosures statewide: 5.9
disclosures per firm (avg)

Registered Firms

Clean Record (Grade A)

100

Total Disclosures

5.9

Avg Disclosures / Firm

How Iowa ranks

A state's raw firm count and its disciplinary clean-record rate measure two different things, and they do not always move together. A jurisdiction can host a large number of broker-dealer firms simply because it is a major financial hub, while a smaller state with far fewer registered firms can post a cleaner disciplinary record in relative terms, or vice versa. Comparing both rankings side by side, rather than looking at either figure in isolation, gives a fuller picture of what is actually happening on the ground in a given state.

By firm count, Iowa is #28 of 56 states and territories. By clean-record rate (Grade A share, among the 33 states with at least 10 registered firms, a floor that keeps a state with only a handful of firms from swinging to an extreme rate on a tiny sample), it ranks #32 of 33. The two ranks are broadly in line with each other, this state's disciplinary profile scales with its firm population about as expected, neither notably better nor worse than its size would suggest.

Grade Distribution

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

Grade breakdown of 17 graded firms headquartered in Iowa

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	Berthel, Fisher & Company Financial Services, Inc. Cedar Rapids	42	188	B
2	Cambridge Investment Research, Inc. Fairfield	19	2,837	B
3	Principal Securities, Inc. Des Moines	12	1,061	B
4	Cuna Brokerage Services, Inc. Waverly	11	8	D
5	Securities Management & Research, Inc. Cedar Rapids	5	56	B
6	Integrity Alliance, LLC. Urbandale	4	428	B
7	Ausdal Financial Partners, Inc. Davenport	2	198	B
8	D.M. Kelly & Company Des Moines	1	2	B
9	FBL Marketing Services, LLC West Des Moines	1	915	B
10	FSB Premier Wealth Management, Inc. Waterloo	1	6	B
11	Janssen Partners, Inc. Fairfield	1	2	B
12	Nations Financial Group, Inc. Cedar Rapids	1	46	B
13	Athene Securities, LLC West Des Moines	0	3	A
14	Haverkamp Investments, Inc. Ames	0	1	A
15	Principal Funds Distributor, Inc. Des Moines	0	18	A
16	Sammons Financial Network, LLC West Des Moines	0	2	A
17	Wilton RE Distributors LLC Cedar Rapids	0	2	A

Inside Iowa's Broker-Dealer Landscape

Iowa has 17 actively registered broker-dealer firms in FINRA's public register, of which 5 (29.4%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 100 disclosures on BrokerCheck, averaging 5.9 per firm. Grade distribution across Iowa's broker-dealers: 5 graded A, 11 graded B, 0 graded C, 1 graded D, and 0 graded F. That means 29.4% of graded firms hold an A and 5.9% fall into the D or F bands.

Grades reflect our internal model weighing disclosure volume against firm size and scope; they are editorial signals, not FINRA ratings. Disclosure totals on BrokerCheck represent reported events, not proven violations, large multistate firms headquartered in Iowa will naturally carry more disclosures than small single-office firms. This page is informational only and is not financial, legal, or investment advice. Before hiring any Iowa advisor, confirm the firm's current record at FINRA BrokerCheck and review the specific representative's individual CRD report.

Frequently asked questions

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?

Among firms registered in Iowa, Berthel, Fisher & Company Financial Services, Inc. carries the most reported BrokerCheck disclosures (42 across 188 branch offices). Disclosure totals reflect reported events, not proven violations, larger firms naturally carry more. Always review the specific records on FINRA BrokerCheck.

How are PlainAdvisorCheck safety grades calculated?

Grades are size-normalized: a firm's weighted disclosure load is divided by its branch-office footprint, then ranked within its size class. Firms with zero disclosures earn an A regardless of size. Grades are editorial signals, not FINRA ratings. See our methodology for the exact formula.

Is this official Iowa broker data?

Yes. All firm records come from FINRA BrokerCheck and the SEC Investment Adviser Public Disclosure (IAPD) - the official public registries for U.S. broker-dealers. PlainAdvisorCheck aggregates and size-normalizes them; the underlying records are public domain.

All Iowa Firms → All States →

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

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Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records. See our methodology for details. Retrieved and formatted by PlainAdvisorCheck Editorial

Compiled by PlainAdvisorCheck Editorial, Financial Advisor Discipline Editorial Team

Every figure on PlainAdvisorCheck is rendered directly from FINRA BrokerCheck and SEC IAPD disciplinary records, no number is typed in by an editor. This page draws directly on SEC/FINRA regulatory filing data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.