Edward Balmes
Edward Balmes is a registered investment advisor at Bfc Planning, INC., based in Cedar Rapids, IA, with 35 years of industry experience. Edward operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Insurance Planning, Investment Management, and 3 more. Their firm serves 6,720 clients with $2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
BFC Planning offers asset management services through various platforms. Fees are based on the amount of assets managed and can vary depending on the platform and the IAR. The maximum allowable fee is 2.5% annually. Fees may be charged in advance or arrears, monthly or quarterly. Clients may also incur charges from third parties, such as mutual fund expenses and IRA fees. Some platforms have minimum account sizes.
Platforms include:
- Berthel Edge
- BFC Advisory program
- American Funds Direct F-2 Share Class Program
- Institutional RIA Platform
- Variable Annuity/Variable Life Sponsors
- Envestnet’s Managed Account Solutions
- Sub-Advisory Platforms
- Held Away Accounts
Location
4201 42nd Street Ne, Suite 100, Cedar Rapids, IA, 52402
Get directionsHistory
Regulatory History (3)
Customer Dispute
November 2022Customer Dispute
January 2021Customer Dispute
July 2020Other Business Activities
Edward is an officer on the board of directors for Meyer, Balmes & Associates, a CPA firm offering accounting, tax, and retirement/financial planning services, dedicating about half of his time. He also serves on the board of directors for UCP Heartland, spending minimal time on this non-investment related activity.
Employment History
Current Registrations
Bfc Planning, INC.
Berthel, Fisher & Company Financial Services, INC.Broker
Previous Registrations
Moloney Securities Asset Management LLC
Moloney Investment Advisory LLC
Moloney Securities CO., INC.
Rt Jones Capital Equities INC
Moloney Securities CO., INC.Broker
Rt Jones Capital Equities INC
R.T. Jones Capital Equities, INC.Broker
Nylife Securities INC.Broker
State Registrations5 states
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.