BFC Planning offers financial planning and asset management services through its Investment Adviser Representatives (IARs). Financial planning includes creating holistic plans or focusing on specific areas. Asset management involves ongoing supervision of accounts through various platforms like Berthel Edge and Institutional RIA Platforms. Fees and services can vary among IARs, and clients should discuss the costs and benefits of each platform with their IAR.
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