Disclosures

CUSTOMER RELATIONSHIP SUMMARY (FORM CRS)

• Berthel Fisher & Company Financial Services, Inc. (BFCFS)
• BFC Planning, Inc. (BFCP)
• Securities Management & Research, Inc. (SM&R)

REGULATION BEST INTEREST DISCLOSURE

• Regulation Best Interest Disclosure 1.1

FORM ADV 2A

• BFCFS Form ADV 2A April 2023
• BFC Planning Form ADV 2A April 2023

PRIVACY POLICY/BUSINESS CONTINUITY PLAN (BCP)

• Privacy Policy – All Entities
• BCP For BFCFS
• BCP For BFCP
• BCP For SM&R

If you are unable to reach your financial professional, please contact Berthel Fisher at 800-356-5234.

SEC QUALITY OF EXECUTION REPORTS

In compliance with SEC Rule 11Ac1-6 Quality of Execution, BFCFS & SM&R customers may view a disclosure of the firm’s order routing practices by reviewing the following links. Additionally, if requested, BFCFS & SM&R will provide you with a paper copy of any of the reports.

BERTHEL FISHER & COMPANY FINANCIAL SERVICES, INC. (BFCFS)

• National Financial Services, LLC (BFCFS) as of 9-30-2023 PDF
• National Financial Services, LLC (BFCFS) as of 9-30-2023 XML

Previous Reports

Securities Management & Resources, Inc. (SM&R)

• National Financial Services, LLC (SM&R) as of 9-30-2023 PDF
• National Financial Services, LLC (SM&R) as of 9-30-2023 XML

Previous Reports

NATIONAL FINANCIAL SERVICES, LLC (NFS) AGREEMENTS & DISCLOSURES

• Margin Account Agreement
• Margin Disclosure of Credit Terms
• Margin Disclosure Statement
• Options Agreement
• Characteristics and Risks of Standardized Options
  
• Wealthscape Investor Online Trading Agreement

BANK SWEEP DEPOSITS

• BFCFS Bank Sweep Rates 12-1-2023 
• SM&R Bank Sweep Rates 12-1-2023
  
• Bank List Template December 1, 2023

CLIENT FEE SCHEDULES

• National Financial Services, LLC Fee Schedules
• SM&R Fee Schedule
  

MUTUAL FUND BREAKPOINT DISCOUNT STATEMENT

• BFCFS
• SM&R