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
FORM ADV 2A
PRIVACY POLICY/BUSINESS CONTINUITY PLAN (BCP)
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 12-31-2025 PDF
- National Financial Services, LLC (BFCFS) as of 12-31-2025 XML
- National Financial Services, LLC (BFCFS) as of 9-30-2025 PDF
- National Financial Services, LLC (BFCFS) as of 9-30-2025 XML
- National Financial Services, LLC (BFCFS) as of 6-30-2025 PDF
- National Financial Services, LLC (BFCFS) as of 6-30-2025 XML
- National Financial Services, LLC (BFCFS) as of 3-31-2025 PDF
- National Financial Services, LLC (BFCFS) as of 3-31-2025 XML
- National Financial Services, LLC (BFCFS) as of 12-31-2024 PDF
- National Financial Services, LLC (BFCFS) as of 12-31-2024 XML
- National Financial Services, LLC (BFCFS) as of 9-30-2024 PDF
- National Financial Services, LLC (BFCFS) as of 9-30-2024 XML
- National Financial Services, LLC (BFCFS) as of 6-30-2024 PDF
- National Financial Services, LLC (BFCFS) as of 6-30-2024 XML
- National Financial Services, LLC (BFCFS) as of 3-31-2024 PDF
- National Financial Services, LLC (BFCFS) as of 3-31-2024 XML
- National Financial Services, LLC (BFCFS) as of 12-31-2023 PDF
- National Financial Services, LLC (BFCFS) as of 12-31-2023 XML
- National Financial Services, LLC (BFCFS) as of 9-30-2023 PDF
- National Financial Services, LLC (BFCFS) as of 9-30-2023 XML
- National Financial Services, LLC (BFCFS) as of 6-30-2023 PDF
- National Financial Services, LLC (BFCFS) as of 6-30-2023 XML
- National Financial Services, LLC (BFCFS) as of 3-31-2023 PDF
- National Financial Services, LLC (BFCFS) as of 3-31-2023 XML
- National Financial Services, LLC (BFCFS) as of 12-31-2022 PDF
- National Financial Services, LLC (BFCFS) as of 12-31-2022 XML
- National Financial Services, LLC (BFCFS) as of 9-30-2022 PDF
- National Financial Services, LLC (BFCFS) as of 9-30-2022 XML
- National Financial Services, LLC (BFCFS) as of 6-30-2022 PDF
- National Financial Services, LLC (BFCFS) as of 6-30-2022 XML
- National Financial Services, LLC (BFCFS) as of 3-31-2022 PDF
- National Financial Services, LLC (BFCFS) as of 3-31-2022 XML
- National Financial Services, LLC (BFCFS) as of 12-31-2021 PDF
- National Financial Services, LLC (BFCFS) as of 12-31-2021 XML
- National Financial Services, LLC (BFCFS) as of 9-30-2021 PDF
- National Financial Services, LLC (BFCFS) as of 9-30-2021 XML
- National Financial Services, LLC (BFCFS) as of 6-30-2021 PDF
- National Financial Services, LLC (BFCFS) as of 6-30-2021 XML
- National Financial Services, LLC (BFCFS) as of 3-31-2021 PDF
- National Financial Services, LLC (BFCFS) as of 3-31-2021 XML
- National Financial Services, LLC (BFCFS) as of 12-31-2020 PDF
- National Financial Services, LLC (BFCFS) as of 12-31-2020 XML
- National Financial Services, LLC (BFCFS) as of 9-30-2020 PDF
- National Financial Services, LLC (BFCFS) as of 9-30-2020 XML
- National Financial Services, LLC (BFCFS) as of 6-30-2020 PDF
- National Financial Services, LLC (BFCFS) as of 6-30-2020 XML
- National Financial Services, LLC (BFCFS) as of 03-31-2020 PDF
- National Financial Services, LLC (BFCFS) as of 03-31-2020 XML
Securities Management & Resources, Inc. (SM&R)
- National Financial Services, LLC (SM&R) as of 12-31-2025 PDF
- National Financial Services, LLC (SM&R) as of 12-31-2025 XML
- National Financial Services, LLC (SM&R) as of 9-30-2025 PDF
- National Financial Services, LLC (SM&R) as of 9-30-2025 XML
- National Financial Services, LLC (SM&R) as of 6-30-2025 PDF
- National Financial Services, LLC (SM&R) as of 6-30-2025 XML
- National Financial Services, LLC (SM&R) as of 3-31-2025 PDF
- National Financial Services, LLC (SM&R) as of 3-31-2025 XML
- National Financial Services, LLC (SM&R) as of 12-31-2024 PDF
- National Financial Services, LLC (SM&R) as of 12-31-2024 XML
- National Financial Services, LLC (SM&R) as of 9-30-2024 PDF
- National Financial Services, LLC (SM&R) as of 9-30-2024 XML
- National Financial Services, LLC (SM&R) as of 6-30-2024 PDF
- National Financial Services, LLC (SM&R) as of 6-30-2024 XML
- National Financial Services, LLC (SM&R) as of 3-31-2024 PDF
- National Financial Services, LLC (SM&R) as of 3-31-2024 XML
- National Financial Services, LLC (SM&R) as of 12-31-2023 PDF
- National Financial Services, LLC (SM&R) as of 12-31-2023 XML
- National Financial Services, LLC (SM&R) as of 9-30-2023 PDF
- National Financial Services, LLC (SM&R) as of 9-30-2023 XML
- National Financial Services, LLC (SM&R) as of 6-30-2023 PDF
- National Financial Services, LLC (SM&R) as of 6-30-2023 XML
- National Financial Services, LLC (SM&R) as of 3-31-2023 PDF
- National Financial Services, LLC (SM&R) as of 3-31-2023 XML
- National Financial Services, LLC (SM&R) as of 12-31-2022 PDF
- National Financial Services, LLC (SM&R) as of 12-31-2022 XML
- National Financial Services, LLC (SM&R) as of 9-30-2022 PDF
- National Financial Services, LLC (SM&R) as of 9-30-2022 XML
- National Financial Services, LLC (SM&R) as of 6-30-2022 PDF
- National Financial Services, LLC (SM&R) as of 6-30-2022 XML
- National Financial Services, LLC (SM&R) as of 3-31-2022 PDF
- National Financial Services, LLC (SM&R) as of 3-31-2022 XML
- National Financial Services, LLC (SM&R) as of 12-31-2021 PDF
- National Financial Services, LLC (SM&R) as of 12-31-2021 XML
- National Financial Services, LLC (SM&R) as of 9-30-2021 PDF
- National Financial Services, LLC (SM&R) as of 9-30-2021 XML
- National Financial Services, LLC (SM&R) as of 6-30-2021 PDF
- National Financial Services, LLC (SM&R) as of 6-30-2021 XML
- National Financial Services, LLC (SM&R) as of 3-31-2021 PDF
- National Financial Services, LLC (SM&R) as of 3-31-2021 XML
- National Financial Services, LLC (SM&R) as of 12-31-2020 PDF
- National Financial Services, LLC (SM&R) as of 12-31-2020 XML
- National Financial Services, LLC (SM&R) as of 9-30-2020 PDF
- National Financial Services, LLC (SM&R) as of 9-30-2020 XML
- National Financial Services, LLC (SM&R) as of 6-30-2020 PDF
- National Financial Services, LLC (SM&R) as of 6-30-2020 XML
- National Financial Services, LLC (SM&R) as of 3-31-2020 PDF
- National Financial Services, LLC (SM&R) as of 3-31-2020 XML
RBC Clearing & Custody (RBC)
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
RBC CLEARING & CUSTODY (RBC) AGREEMENTS & DISCLOSURES
BANK SWEEP DEPOSITS
- BFCFS NFS Bank Sweep Rates 12-11-2025
- BFCFS RBC Bank Sweep Rates 12-11-2025
- SM&R NFS Bank Sweep Rates 12-11-2025
- Bank List Template March 30, 2026
- BDSP Disclosure – Updated March 2025