Customer Relationship Summary (Form CRS)

Regulation Best Interest Disclosure

Form ADV 2A

Privacy Policy/Business Continuity Plan (BCP)

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)

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

National Financial Services, LLC (NFS) Agreements & Disclosures

Bank Sweep Deposits

Client Fee Schedules

Mutual Fund Breakpoint Discount Statement