Bfc Planning, Inc.

Registered investment adviser · Cedar Rapids, IA · CRD #119682

Form ADV data as of 2026-09-01

Regulatory assets

$3.84 billion

Total accounts

13,174

Employees

200

Disclosure events

Firm details

Website: https://www.linkedin.com/company/berthel-fisher-&-company-financial-services-inc.?trk=company_logo
Telephone: 319-447-5700
SEC file number: 801-67427
Most recent Form ADV filing: 2026-03-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC entered an order in connection with investment-related activity

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$3.23 billion
Non-discretionary regulatory assets under management	$608.3 million
Total regulatory assets under management	$3.84 billion
Discretionary accounts	11,094
Non-discretionary accounts	2,080
Total accounts	13,174
Regulatory assets under management attributable to non-U.S. persons	$12.2 million

People

Total employees (excluding clerical)	200
Employees performing investment advisory functions (including research)	200
Employees who are registered representatives of a broker-dealer	200
Employees registered as investment adviser representatives with a state	200
Employees registered as IARs for another investment adviser	50
Employees who are licensed insurance agents	191
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Insurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Receives soft dollar benefits
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	10,753	$2.35 billion
High net worth individuals	574	$1.34 billion
Pension and profit sharing plans (not the participants or government plans)	34	$31.8 million
Charitable organizations	9	$24.7 million
Corporations or other businesses not listed above	78	$92.8 million