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Francis Caraco

Bankers Life Advisory Services, INC.
42 Years of Experience
Clifton Park, NY
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Francis Caraco is a ChFC-designated registered investment advisor at Bankers Life Advisory Services, INC., based in Clifton Park, NY, with 42 years of industry experience. Francis is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 14,314 clients with $2.5B in assets under management.

Bankers Life Advisory Services, INC.
Compensation
Fee-Only (% of Portfolio)
Firm Size
534 advisors
Number of Clients
14,314 clients
Average Client Portfolio
$174K average
Assets Under Management
$2.5B

Fee Structure

Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

Fees range from 0.50% to 2.50% annually and are negotiable based on portfolio size and other business considerations.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

646 Plank Rd., Suite 206, Clifton Park, NY, 12065

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
June 2019
Denied
Customer Dispute
February 2008
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Francis is a board member of The Prevention Council, a non-profit organization, since 2009. Since 2010, Francis also works as an insurance agent for Bankers Life & Casualty, focusing on non-variable insurance sales and service, which takes nearly full-time.

Employment History
Current Registrations
Bankers Life Advisory Services, INC.
June 2017 - Present · 9 yrs 4 mos
Bankers Life Securities, INC.Broker
May 2016 - Present · 10 yrs 5 mos
Previous Registrations
Proequities, INC.Broker
October 2010 - May 2016 · 5 yrs 7 mos
Ameritas Investment CORP.Broker
January 2008 - November 2010 · 2 yrs 10 mos
Gwn Securities INC.Broker
January 2005 - December 2007 · 2 yrs 11 mos
Pmg Securities CorporationBroker
January 1996 - December 2004 · 8 yrs 11 mos
Aetna Investment Services, INC.Broker
October 1993 - January 1996 · 2 yrs 3 mos
Aetna Life Insurance and Annuity CompanyBroker
October 1992 - October 1993 · 1 yr
G. R. Phelps & CO., INC.Broker
January 1992 - January 1996 · 4 yrs
Commonwealth Equity Services, INC.Broker
July 1991 - December 1991 · 5 mos
John Hancock Distributors, INC.Broker
October 1990 - July 1991 · 9 mos
John Hancock Mutual Life Insurance CompanyBroker
October 1990 - July 1991 · 9 mos
Travelers Equities Sales, INC.Broker
January 1990 - October 1990 · 9 mos
John Hancock Distributors, INC.Broker
February 1984 - February 1990 · 6 yrs
State Registrations15 states
FLINMAMDNCNHNJNYOHPASCUTVAVTWV
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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