Bertram Financial Advisor Services

Bertram Financial Advisor Services places advisory clients with third‑party money managers and offers financial planning, portfolio management support, and selection/referrals to other advisers. The firm reports $32,226,422 in assets under advisement as of December 31, 2025 and states that it has no assets under management; third‑party managers execute trading and bill advisory fees directly.

BFAS typically introduces clients to model portfolios run by third‑party advisers that invest in stocks, bonds, ETFs and no‑load mutual funds, and uses Morningstar and third‑party disclosures as part of its review and due diligence. The firm gathers client suitability information, reviews TPM reports at least annually, acts as the liaison between client and manager, and does not exercise investment discretion or vote client proxies for those accounts.

The firm’s structure includes features that are less common among peer investment managers: its principals are licensed insurance agents who spend a majority of their time in insurance activities and may receive commissions for insurance sales, and BFAS discloses it may receive solicitor or shared‑management fees from the third‑party advisers it recommends. BFAS also generally does not directly bill managed account fees to clients—third‑party managers direct‑bill and remit a portion to BFAS—which differs from firms that directly charge percentage‑of‑AUM fees.