Disclosures CUSTOMER RELATIONSHIP SUMMARY (FORM CRS) Berthel Fisher & Company Financial Services, Inc. (BFCFS) BFC Planning, Inc. (BFCP) Securities Management & Research, Inc. (SM&R) REGULATION BEST INTEREST DISCLOSURE Regulation Best Interest Disclosure FORM ADV 2A BFCFS Form ADV 2A March 2021 BFC Planning Form ADV 2A March 2021 PRIVACY POLICY/BUSINESS CONTINUITY PLAN (BCP) Privacy Policy – All Entities BCP For BFCFS 12-2020 BCP For BFCP 12-2020 BCP For SM&R 12-2020 If you are unable to reach your financial professional, please contact Berthel Fisher at 800-356-5234. SEC QUALITY OF EXECUTION REPORTS In compliance with SEC Rule 11Ac1-6 Quality of Execution, BFCFS & SM&R customers may view a disclosure of the firm’s order routing practices by reviewing the following links. Additionally, if requested, BFCFS & SM&R will provide you with a paper copy of any of the reports. BERTHEL FISHER & COMPANY FINANCIAL SERVICES, INC. (BFCFS) National Financial Services, LLC (BFCFS) as of 9-30-2021 PDF National Financial Services, LLC (BFCFS) as of 9-30-2021 XML Previous Reports Securities Management & Resources, Inc. (SM&R) National Financial Services, LLC (SM&R) as of 9-30-2021 PDF National Financial Services, LLC (SM&R) as of 9-30-2021 XML Previous Reports NATIONAL FINANCIAL SERVICES, LLC (NFS) AGREEMENTS & DISCLOSURES Margin Account Agreement Margin Disclosure of Credit Terms Margin Disclosure Statement Options Agreement Characteristics and Risks of Standardized Options Supplement #1 to Characteristics and Risks of Standardized Options Supplement #2 to Characteristics and Risks of Standardized Options Wealthscape Investor Online Trading Agreement BANK SWEEP DEPOSITS BFCFS Bank Sweep Rates 11-01-2021 SM&R Bank Sweep Rates 11-01-2021 Bank List Template October 29, 2021 CLIENT FEE SCHEDULES National Financial Services, LLC Fee Schedules MUTUAL FUND BREAKPOINT DISCOUNT STATEMENT BFCFS SM&R Contact Office: 319.447.5700 Toll-Free: 800.356.5234 Fax: 319.447.4250 4201 42nd Street NE Suite 100 Cedar Rapids, IA 52402-0609 independence@berthel.com Quick Links Retirement Investment Estate Insurance Tax Money Lifestyle All Articles All Videos All Calculators All Presentations Check the background of your financial professional on FINRA's BrokerCheck. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Copyright 2021 FMG Suite. "Berthel Fisher Companies" is a trade name owned by the parent company, Berthel Fisher & Company, an Iowa corporation. It refers to Berthel Fisher & Company and its several subsidiaries. The parent company and its subsidiaries are each separate, independent legal entities. Berthel Fisher & Company Financial Services, Inc. Member FINRA/SIPC; Securities Management & Research, Inc. Member FINRA/SIPC; BFC Planning, Inc. Registered SEC Investment Advisory Firm; BFC Insurance, Inc. Licensed Insurance Firm www.berthel.com/disclosures - www.finra.org - www.sipc.org