Full text of BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.'s X-17A-5 filed 2026-03-17 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ Financial Statement and Report of Independent Registered Public Accounting Firm December 31, 2025 Filed as a Public Document Pursuant to Rule 17a-5(d) of the Securities Exchange Act of 1934. \*\*\* PUBLIC DOCUMENT \*\*\* {1}------------------------------------------------ #### TABLE OF CONTENTS | | Page | |---------------------------------------------------------|--------| | OATH OR AFFIRMATION | 1-2 | | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 3 | | FINANCIAL STATEMENT | | | Statement of Financial Condition | 4 | | Notes to the Financial Statement | 5 - 10 | | | | {2}------------------------------------------------ UNITED STATES -SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 ## ANNUAL REPORTS FORM X-17A-5 PART III | ንድ ነው። የሚያስተዋል የሚገኝ የሚገኝ የሚገኝ የሚገኝ የሚገኝ የሚገኝ የሚገኝ የሚያስተዋል። የሚ | |---------------------------------------------------------------| | | | SEC FILE NUMBER | | 8-29426 | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------------------|--------------------------------------------|--| | Filing for the period beginning 1/01/2025 | | _AND ENDING 12/31/2025 | | | | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: Berthel Fisher & Company Financial Services, Inc | | | | | | TYPE OF REGISTRANT (check all applicable boxes):<br> Broker-dealer Security-based swap dealer Major security-based swap participant<br>Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 4201 42nd St. NE Suite 100 | | | | | | | (No. and Street) | | | | | Cedar Rapids | 14 | | 52402 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Brian Rupp | 319-447-5700 | | brupp@berthel.com | | | (Name) | (Email Address)<br>(Area Code - Telephone Number) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>…Read the full text as markdown