FBL Wealth Management, operating under the consumer brand name Farm Bureau Financial Services, provides investment management, financial planning, and retirement plan consulting to individuals, high-net-worth families, and business entities. The firm offers investment management through its own wrap fee program managed by a sub-adviser, City National Rochdale, as well as through various wrap fee programs sponsored by RBC Capital Markets. FBL Wealth Management's representatives assist clients by identifying risk tolerance and investment objectives, then recommending suitable portfolios consisting of mutual funds, exchange-traded funds, individual stocks and bonds, and variable annuities. In addition to portfolio management, FBL Wealth Management prepares written financial plans covering topics such as retirement, taxes, insurance, estate planning, and education funding. The firm also offers non-fiduciary retirement plan services to plan sponsors. Representatives may act in separate capacities as registered representatives of an affiliated broker-dealer or as insurance agents, creating potential conflicts of interest regarding commission-based product sales.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 2.00% |
| $250K - $500K | 1.75% |
| $500K - $1.0M | 1.50% |
| $1.0M - $3.0M | 1.25% |
| $3M+ | 1.00% |
Fees are negotiable. Clients utilizing specific specialty portfolios or certain RBC programs may receive up to a 0.25% discount. Sub-advisor wrap program total annual fee will not exceed 1.25%.