Bfc Planning, Inc.
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 119682
· SEC file 801-67427
· Cedar Rapids, IA
· WWW.LINKEDIN.COM
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ADV data as of Mar 27, 2026
- Regulatory AUM
- $3.8B
- Discretionary
- $3.2B
- Clients
- 11,448
- Avg AUM / client
- $336K
- Accounts
- 13,174
- Employees
- 200
AUM over time
$0
$3.8B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 10,753 | $2.4B | 61.2% |
| High net worth individuals | 574 | $1.3B | 34.9% |
| Pension and profit sharing plans | 34 | $31.8M | 0.83% |
| Charitable organizations | 9 | $24.7M | 0.64% |
| Corporations and other businesses | 78 | $92.8M | 2.42% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Tarditi, Inc. 401(k) Profit Sharing Plan Tarditi, Inc. | 2024 | |
| Esperanza Health Systems 401(k) Plan Esperanza Health Systems, Ltd Dba La Hacienda Treatment Center | 2024 | |
| Cleveland Clinic Savings And Investment Plan The Cleveland Clinic Foundation | 2024 |
People (236)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Thomas Joseph Berthel | Chairman Of Board | Nov 1984 (42y) | ≈ 18.75% – 50% via Berthel Fisher & Company | |
| Randy Austin Wilcox | Vp Compliance/Osj Manager | Jun 2011 (15y) | Less than 5% | |
| Andrew James Christofferson | Chief Executive Officer/President | Sep 2012 (14y) | Less than 5% | |
| Joanna Marie Schaul | Secretary | Sep 2014 (12y) | Less than 5% | |
| Paige Nichole Christofferson | Chief Business Development Officer | Jul 2016 (10y) | Less than 5% | |
| Rupp, Brian | Vice President/Controller/Treasurer | Nov 2017 (9y) | Less than 5% | |
| Peterman, Tobi, Lane | Vice President/Operations | Aug 2019 (7y) | Less than 5% | |
| Chapman, Kimberly Karen Early | Chief Compliance Officer | Dec 2020 (6y) | Less than 5% | |
| Hohn, James Ralph | Vp Technology | Dec 2020 (6y) | Less than 5% | |
| David Scott Downey | Registered representative | Nov 2011 (15y) | ||
| Guy William Jones | Registered representative | CFP | Feb 2012 (14y) | |
| Richard Thomas Seal | Registered representative | Mar 2012 (14y) | ||
| Layne Jeffrey Brown | Registered representative | Chartered Financial Consultant | Mar 2012 (14y) | |
| Paul Gerard Hardin | Registered representative | Mar 2012 (14y) | ||
| Arthur Douglas Salmon | Registered representative | Jun 2012 (14y) | ||
| Steven Alan Gundy | Registered representative | Jun 2012 (14y) | ||
| Jeffrey Alan Schiller | Registered representative | Jun 2012 (14y) | ||
| Frank Thomas Delurgio | Registered representative | CFP | Sep 2012 (14y) | |
| Jeffrey Douglas Thomas | Registered representative | Nov 2012 (14y) | ||
| Marissa Dawn Nehlsen | Registered representative | Jul 2013 (13y) | ||
| Nicholas Ernest Mock | Registered representative | Jul 2013 (13y) | ||
| Sally Stout Witt | Registered representative | CFP Chartered Financial Consultant | Aug 2013 (13y) | |
| Matthew Joseph Posey | Registered representative | Sep 2013 (13y) | ||
| Paul Joseph Reinhart | Registered representative | Chartered Financial Consultant | Oct 2013 (13y) | |
| Tj Iwan Setro | Registered representative | Nov 2013 (13y) | ||
| John William Cameron | Registered representative | Nov 2013 (13y) | ||
| Allan Lee Ulrich | Registered representative | Dec 2013 (13y) | ||
| Matthew Richard Samek | Registered representative | Dec 2013 (13y) | ||
| Christopher David Seiple | Registered representative | Dec 2013 (13y) | ||
| Louis Lorenzo Eastman | Registered representative | Dec 2013 (13y) | ||
| Sean Joseph Mcghee | Registered representative | Dec 2013 (13y) | ||
| Jeffrey Jon Pridey | Registered representative | Dec 2013 (13y) | ||
| Jon Harris Mesmer | Registered representative | Dec 2013 (13y) | ||
| Robert Wayne Bagby | Registered representative | Jan 2014 (13y) | ||
| Frank Anthony Rezack | Registered representative | Jan 2014 (13y) | ||
| Jason Jerome Bernat | Registered representative | Jan 2014 (13y) | ||
| Richard J Horvath | Registered representative | Jan 2014 (13y) | ||
| Tarick Luke Bernat | Registered representative | Jan 2014 (13y) | ||
| Terry Joe Pitchford | Registered representative | Chartered Financial Consultant | Feb 2014 (12y) | |
| Arthur Thomas Roth | Registered representative | Apr 2014 (12y) | ||
| David Andrew Hickman | Registered representative | Oct 2014 (12y) | ||
| Todd Michael Kelly | Registered representative | Oct 2014 (12y) | ||
| Jeffrey Anderson Rogers | Registered representative | Oct 2014 (12y) | ||
| Troy Jay Mantz | Registered representative | Feb 2015 (11y) | ||
| Chris Allen Mcelhannon | Registered representative | Mar 2015 (11y) | ||
| Ryan Paul Benning | Registered representative | May 2015 (11y) | ||
| Majid Mustafa Kureshi | Registered representative | Jul 2015 (11y) | ||
| Kelly Ann Kunst | Registered representative | CFP | Sep 2015 (11y) | |
| Robert Reed Anderson | Registered representative | Oct 2015 (11y) | ||
| Juan Rafael Rodriguez | Registered representative | Nov 2015 (11y) | ||
| Edward James Dougherty | Registered representative | Dec 2015 (11y) | ||
| Steven Chiachan Lee | Registered representative | Jan 2016 (11y) | ||
| Jerry Albert Koebel | Registered representative | CFP | Mar 2016 (10y) | |
| Travis E Feucht | Registered representative | Apr 2016 (10y) | ||
| Patrick David Reding | Registered representative | May 2016 (10y) | ||
| Suzanne Marie Wagner | Registered representative | May 2016 (10y) | ||
| Bradford Todd Williams | Registered representative | May 2016 (10y) | ||
| Gilbert Arevalos | Registered representative | May 2016 (10y) | ||
| Joseph Robert Weinbauer | Registered representative | May 2016 (10y) | ||
| Kerry Glen Judd | Registered representative | Chartered Financial Consultant | May 2016 (10y) | |
| Robert Charles Meyer | Registered representative | Jun 2016 (10y) | ||
| Alexander Schaefer | Registered representative | Jun 2016 (10y) | ||
| Richard Ralph Buller | Registered representative | Jun 2016 (10y) | ||
| Dudley Marvin Irwin | Registered representative | Jun 2016 (10y) | ||
| Fraser Macpherson Horn | Registered representative | Jun 2016 (10y) | ||
| Terrence Robert Fergen | Registered representative | Jun 2016 (10y) | ||
| Robert Earl Beard | Registered representative | Jun 2016 (10y) | ||
| Jonathan Todd Pyne | Registered representative | Jun 2016 (10y) | ||
| Frank Charles Scarito | Registered representative | Jul 2016 (10y) | ||
| Ritchie Lynn Hoffman | Registered representative | Aug 2016 (10y) | ||
| Tim Alan Hohulin | Registered representative | Chartered Financial Consultant | Aug 2016 (10y) | |
| Jody Lee Weis | Registered representative | Sep 2016 (10y) | ||
| Robert Boris Hardcastle | Registered representative | Sep 2016 (10y) | ||
| David R Hurlbut | Registered representative | Oct 2016 (10y) | ||
| Peyton James Wagner | Registered representative | Nov 2016 (10y) | ||
| James Kenneth Beakas | Registered representative | Dec 2016 (10y) | ||
| Richard Maurice Murphy | Registered representative | Dec 2016 (10y) | ||
| James Hubbard Diffly | Registered representative | Dec 2016 (10y) | ||
| Clifton Paul Higgs | Registered representative | Jan 2017 (10y) | ||
| Lucius Williamson | Registered representative | Jan 2017 (10y) | ||
| Suman Sachdeva | Registered representative | Jan 2017 (10y) | ||
| Matthew John Palazzolo | Registered representative | Jan 2017 (10y) | ||
| James Andrew Cecil | Registered representative | Feb 2017 (9y) | ||
| Kevin L Schneider | Registered representative | Feb 2017 (9y) | ||
| Kristen Moran Haley | Registered representative | May 2017 (9y) | ||
| Gal Eliezer Perlmutter | Registered representative | Jul 2017 (9y) | ||
| Robert Joshua Roach | Registered representative | CFP | Jul 2017 (9y) | |
| Michael Howard Samuels | Registered representative | Aug 2017 (9y) | ||
| Lori Ann Clem | Registered representative | Nov 2017 (9y) | ||
| Jeffrey Robert Utterback | Registered representative | Nov 2017 (9y) | ||
| Christopher Scott Williams | Registered representative | Jan 2018 (9y) | ||
| Paul Leonard Goenner | Registered representative | Jan 2018 (9y) | ||
| Gregg Teak Georgantas | Registered representative | Feb 2018 (8y) | ||
| Bonita Hwang Schnurr | Registered representative | Mar 2018 (8y) | ||
| Meggan Eron Urban | Registered representative | Aug 2018 (8y) | ||
| Spencer Allen Mills | Registered representative | Oct 2018 (8y) | ||
| Scott Michael Brannan | Registered representative | Oct 2018 (8y) | ||
| Jason Christopher Cook | Registered representative | CFP | Nov 2018 (8y) | |
| Daniel Dean Brummel | Registered representative | Jan 2019 (8y) | ||
| Lois E Gough Lopez | Registered representative | Jan 2019 (8y) | ||
| Charles Thomas Cammack | Registered representative | Jan 2019 (8y) | ||
| Richard Decatur Townsend | Registered representative | Jan 2019 (8y) | ||
| Nathan Thomas Crouch | Registered representative | Feb 2019 (7y) | ||
| James Robert Caldwell | Registered representative | Feb 2019 (7y) | ||
| Michael Joseph Frischmeyer | Registered representative | Feb 2019 (7y) | ||
| Scott Terrence Munro | Registered representative | Apr 2019 (7y) | ||
| Sergio Humberto Gallego | Registered representative | May 2019 (7y) | ||
| Michael Todd Shinn | Registered representative | Jun 2019 (7y) | ||
| Tofig Mammadov | Registered representative | CFP | Jun 2019 (7y) | |
| Larry Landon Coyle | Registered representative | Jul 2019 (7y) | ||
| James Augustus Bowers | Registered representative | Aug 2019 (7y) | ||
| David Raymond Falk | Registered representative | Aug 2019 (7y) | ||
| Mark Bakkum | Registered representative | Sep 2019 (7y) | ||
| Jason Gregory Smith | Registered representative | CFP | Oct 2019 (7y) | |
| Thomas Joseph Fogerty | Registered representative | CFP Chartered Financial Consultant | Nov 2019 (7y) | |
| Misty Lynn Childs | Registered representative | Jan 2020 (7y) | ||
| Robert Preston Kennedy | Registered representative | Jan 2020 (7y) | ||
| Amanda Rae Cooney | Registered representative | Feb 2020 (6y) | ||
| Adam Joseph Melom | Registered representative | Mar 2020 (6y) | ||
| John Kenneth Palmer | Registered representative | CFP | Jun 2020 (6y) | |
| Kevin Craig Koslofski | Registered representative | Oct 2020 (6y) | ||
| James Valentine Malaussena | Registered representative | Mar 2021 (5y) | ||
| Nancy Corrine Carrel | Registered representative | Mar 2021 (5y) | ||
| Brett David Heiniger | Registered representative | Apr 2021 (5y) | ||
| Christopher Joseph Deleonardo | Registered representative | Oct 2021 (5y) | ||
| Scott Callis Barcomb | Registered representative | Oct 2021 (5y) | ||
| Trevor David Heitland | Registered representative | Oct 2021 (5y) | ||
| Rickey Richard Tiedemann | Registered representative | Dec 2021 (5y) | ||
| Owen Patrick Kennedy | Registered representative | Chartered Financial Consultant | Feb 2022 (4y) | |
| Andrew Austin Johnson | Registered representative | Feb 2022 (4y) | ||
| Jason Christopher Robinson | Registered representative | Jun 2022 (4y) | ||
| Farrukh Shazad Kazmi | Registered representative | Oct 2022 (4y) | ||
| Scott Anthony Childs | Registered representative | Nov 2022 (4y) | ||
| Dylan Daniel Brooks | Registered representative | CFP | Jan 2023 (4y) | |
| Matthew David Shinn | Registered representative | Jan 2023 (4y) | ||
| Patrick James Senger | Registered representative | Jan 2023 (4y) | ||
| Shawn Kristian Schuyler | Registered representative | Jan 2023 (4y) | ||
| Carl Eric Wallin | Registered representative | CFP | Jan 2023 (4y) | |
| Gail Caroline Kaczmarowski | Registered representative | Mar 2023 (3y) | ||
| William Gebhart | Registered representative | May 2023 (3y) | ||
| Matthew Neal Bins Castronovo | Registered representative | Jun 2023 (3y) | ||
| Damien Timothy Clark | Registered representative | Jun 2023 (3y) | ||
| Michael Patrick Butterworth | Registered representative | Aug 2023 (3y) | ||
| William Eric Sines | Registered representative | Aug 2023 (3y) | ||
| Payton Toshio Boyea | Registered representative | Oct 2023 (3y) | ||
| Shane Russell Kaler | Registered representative | Jan 2024 (3y) | ||
| Deborah Anne Hanson | Registered representative | Jan 2024 (3y) | ||
| David C Kurt | Registered representative | Feb 2024 (2y) | ||
| Heath David Slain | Registered representative | Apr 2024 (2y) | ||
| Deborah Renae Jessee | Registered representative | Apr 2024 (2y) | ||
| James Dale Peters | Registered representative | May 2024 (2y) | ||
| Phillip Stephen Dedinsky | Registered representative | May 2024 (2y) | ||
| Jakob Trent Jeffery | Registered representative | Aug 2024 (2y) | ||
| Renae Lynn Polensky | Registered representative | Oct 2024 (2y) | ||
| Genevieve Garcia Mar | Registered representative | Oct 2024 (2y) | ||
| Adin Cole Ward | Registered representative | Jan 2025 (2y) | ||
| Noor El Houda Bucholz | Registered representative | Jan 2025 (2y) | ||
| Shaan Anthony Smith | Registered representative | Jan 2025 (2y) | ||
| Eric J Lobo | Registered representative | Mar 2025 (1y) | ||
| Andrew Jake Geiger | Registered representative | Jul 2025 (1y) | ||
| Carrie Alexah Strongheart | Registered representative | Oct 2025 (1y) | ||
| Amy L. Duncan | Registered representative | CFP | Dec 2025 (1y) | |
| Andrew Lee Feyerabend | Registered representative | Dec 2025 (1y) | ||
| Aretha Dawn Ryan | Registered representative | Dec 2025 (1y) | ||
| Arthur Leslie Jackson | Registered representative | Dec 2025 (1y) | ||
| Becky Jane Groves | Registered representative | Dec 2025 (1y) | ||
| Brent Cornelius Verwers | Registered representative | Dec 2025 (1y) | ||
| Brian James Mccauley | Registered representative | Dec 2025 (1y) | ||
| Brian Patrick Corrigan | Registered representative | Dec 2025 (1y) | ||
| Brad James La Grange | Registered representative | Dec 2025 (1y) | ||
| Charles William Heil | Registered representative | Dec 2025 (1y) | ||
| Chase J Baute | Registered representative | Dec 2025 (1y) | ||
| Christina Marie Silvius | Registered representative | Dec 2025 (1y) | ||
| Christopher Steven Rohn | Registered representative | Dec 2025 (1y) | ||
| Curtis Verdell Lund | Registered representative | Dec 2025 (1y) | ||
| Daniel Alan Mccorkle | Registered representative | Dec 2025 (1y) | ||
| Darin Lee Hughes | Registered representative | Dec 2025 (1y) | ||
| David Allen Wampler | Registered representative | Dec 2025 (1y) | ||
| David Francis Lagrange | Registered representative | Dec 2025 (1y) | ||
| Dorris Glenn Jones | Registered representative | Dec 2025 (1y) | ||
| Edward H Prince | Registered representative | Dec 2025 (1y) | ||
| Elton Albert Bueche | Registered representative | Dec 2025 (1y) | ||
| Eric Alexander Duncan | Registered representative | Dec 2025 (1y) | ||
| Eric Richard Steel | Registered representative | Dec 2025 (1y) | ||
| Gary Paul Notch | Registered representative | Dec 2025 (1y) | ||
| George Donald Steel | Registered representative | Dec 2025 (1y) | ||
| George Gregory Casey | Registered representative | Dec 2025 (1y) | ||
| Glenn Herbert Cray | Registered representative | Dec 2025 (1y) | ||
| Ion Valentin Cangea | Registered representative | Dec 2025 (1y) | ||
| Jadyn Chang Loedding | Registered representative | Dec 2025 (1y) | ||
| James Constantine Kekeris | Registered representative | Dec 2025 (1y) | ||
| James Edward Nelson | Registered representative | Dec 2025 (1y) | ||
| Jeffrey Allen Morris | Registered representative | Dec 2025 (1y) | ||
| Jeffrey Patrick Roseman | Registered representative | Dec 2025 (1y) | ||
| John David Patock | Registered representative | Chartered Financial Consultant | Dec 2025 (1y) | |
| Joseph Richard Muller | Registered representative | Dec 2025 (1y) | ||
| Joseph Ronald Medley | Registered representative | Dec 2025 (1y) | ||
| Kirk Edwin Prescott Littlewood | Registered representative | Dec 2025 (1y) | ||
| Kirk James Waara | Registered representative | Dec 2025 (1y) | ||
| Mark James Murtha | Registered representative | Dec 2025 (1y) | ||
| Meredith Cabell Jones | Registered representative | Dec 2025 (1y) | ||
| Patrice Irene Henjum | Registered representative | Dec 2025 (1y) | ||
| Paul Kurt Saxenmeyer | Registered representative | Dec 2025 (1y) | ||
| Peter Jon Ferraro | Registered representative | Dec 2025 (1y) | ||
| Randall E Duggan | Registered representative | Dec 2025 (1y) | ||
| Rebecca Jo Warren | Registered representative | CFP | Dec 2025 (1y) | |
| Richard Robert Ruskey | Registered representative | Dec 2025 (1y) | ||
| Robert John Gustafson | Registered representative | Dec 2025 (1y) | ||
| Ryan Mathew Wieser | Registered representative | Dec 2025 (1y) | ||
| Scott Allen Hume | Registered representative | CFP | Dec 2025 (1y) | |
| Scott Bradley Wasserman | Registered representative | Dec 2025 (1y) | ||
| Steven Anthony Mueckl | Registered representative | Dec 2025 (1y) | ||
| Sean Hardin | Registered representative | Dec 2025 (1y) | ||
| Shane Michael De Sherlia | Registered representative | Dec 2025 (1y) | ||
| Tara L Mcdonald | Registered representative | CFP | Dec 2025 (1y) | |
| Teddy Joseph Newman | Registered representative | Dec 2025 (1y) | ||
| Terry Lee Betzelberger | Registered representative | Dec 2025 (1y) | ||
| Thomas Adam Rohn | Registered representative | Dec 2025 (1y) | ||
| Thomas Adam Rohn | Registered representative | Dec 2025 (1y) | ||
| Thomas G Gresham | Registered representative | Dec 2025 (1y) | ||
| Todd Allen Nye | Registered representative | Chartered Financial Consultant | Dec 2025 (1y) | |
| William David Fok | Registered representative | Dec 2025 (1y) | ||
| William James Holowatuk | Registered representative | Dec 2025 (1y) | ||
| William Rafford White | Registered representative | Dec 2025 (1y) | ||
| Thomas Carlos Nieves | Registered representative | Dec 2025 (1y) | ||
| Lucas Scott Gray | Registered representative | Dec 2025 (1y) | ||
| Edward James Balmes | Registered representative | Dec 2025 (1y) | ||
| Byron Matysek | Registered representative | Jan 2026 (1y) | ||
| Austin James Francis | Registered representative | Feb 2026 (0y) | ||
| Scott Foster Hoskins | Registered representative | Feb 2026 (0y) | ||
| Chandler Lee Johnson | Registered representative | Mar 2026 (0y) | ||
| Akhil Venkata Giri | Registered representative | Mar 2026 (0y) | ||
| Enrico Giovanni Cacciapuoti | Registered representative | Apr 2026 (0y) | ||
| Christopher Dale Schreckenghost | Registered representative | May 2026 (0y) | ||
| Madyson Ellen Tracy | Registered representative | Jun 2026 (0y) | ||
| Thomas Parkin | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Berthel Fisher & Company | Shareholder | Mar 1989 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Thomas Joseph Berthel: 25% – 50% of Berthel Fisher & Company × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Tarditi, Inc. 401(k) Profit Sharing Plan | Tarditi, Inc. | 96 | $7.5M | 04/01/2024 |
| Esperanza Health Systems 401(k) Plan | Esperanza Health Systems, Ltd Dba La Hacienda Treatment Center | 140 | $11.5M | 01/01/2024 |
| Cleveland Clinic Savings And Investment Plan | The Cleveland Clinic Foundation | 68,206 | $9.2B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.12 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Other fees
- • SOLICITOR FEE
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗