DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Bankers Life Advisory Services, Inc.

Broker-dealer affiliated wealth managerChicago, IllinoisCRD 281285SEC 801-106953websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Nov 13, 2015 · 62 filings
SEC status approved since Nov 18, 2015
RAUM
$2.5B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$2.5B individuals and HNW
Advisors
533
registered through the firm on IAPD
RAUM per advisor
$4.7M
derived; firm RAUM over IAPD count
Employees
433
433 advisory (5.B.1)
Offices
136
beyond the principal office
Private funds
0
reported on Schedule D
History
62 filings and snapshots on the tape
RAUM$2.5B as of Mar 31, 2026
Mar 30, 2016$0 then
HNW client RAUM$99.3M as of Mar 31, 2026
Mar 30, 2023$7.2M then
State-registered IARs (5.B.3)433 as of Mar 31, 2026
Mar 30, 20160 then
Employees (5.A)433 as of Mar 31, 2026
Mar 30, 201611 then
Private funds: no history
RAUM +28% over the last fiscal year+30% a year over threeIARs 384 to 433
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$4.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
27derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$19.9MderivedHNW RAUM over HNW clients
Average account
$133,666derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
3.9derived137 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
+13%derivedItem 5.B.3 between annual amendments
Client growth, one year
+21%derived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$2.5BreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$2.4B95%
  • High-net-worth individuals$99.3M4.0%
  • Pension and profit-sharing plans$25.4M1.0%
Individual clients
14,270reported
HNW clients
5reported
Pension plan clients
39reported
Charitable clients
n/areported
Accounts
18,608reported
Financial planning clients
0reported
Wrap fee programs
$2.5B sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=false bd_reps=411.0derived
Advisors registered through the firm
534 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Thomas Joseph O'ConnellChartered Financial ConsultantBloomington, Il Feb 26, 201620 y1
Alberta Stephens RobertsChicago, IlMar 28, 201630 y4
Edmund Kean JohnChartered Financial ConsultantChicago, Il Apr 14, 201626 y2
Chad Collier ClemChicago, Il Jun 21, 201616 y1
Richard K BreenCharlotte, Nc Jul 1, 201625 y1
Michael Jeffrey ConnorNewark, De Jul 5, 201622 y5
Kurt Andrew HaynKing Of Prussia, Pa Jul 5, 201626 y4
John Peter BambergerChicago, Il Jul 5, 201625 y5
Todd Barrett O'ConnellConcord, Nh Jul 5, 201628 y2
James Cahill GavinChicago, Il Jul 5, 201632 y5
Christopher Jason BarrettWilmington, Nc Jul 5, 201620 y1
Scott Wilson BarkerChicago, Il Jul 6, 201634 y3
Christopher Kyle TietsortCharlotte, Nc Jul 6, 201612 y0
Christopher Scott BartonPortage, Mi Jul 7, 201612 y1
Adam T MchenryChartered Financial ConsultantChicago, Il Jul 11, 201620 y1
Bruce Lyle GliderChartered Financial ConsultantChicago, Il Jul 11, 201634 y0
Jeffrey J SharerCertified Financial PlannerBensalem, Pa Jul 11, 201615 y0
William O'Connell BaylogChartered Financial ConsultantChicago, Il Jul 12, 201630 y1
Eric John DadeChartered Financial ConsultantChicago, Il Jul 13, 201625 y1
Anthony Scott TitusParkersburg, Wv Jul 14, 201615 y2
Wesley Vernon SpikerChicago, Il Jul 16, 201613 y0
Mark ConmyTampa, Fl Jul 20, 201623 y1
Kenneth Steven PattersonChicago, Il Jul 27, 201620 y1
Benjamin Byron StansfieldBrentwood, Tn Jul 27, 201612 y1
Nicole StahlWebster, Tx Jul 27, 201616 y1
William Kyle SwaffordChicago, Il Jul 27, 201615 y1
Adam Charles SheaChicago, Il Jul 27, 201622 y2
Matthew James PeiskerRichardson, Tx Jul 27, 201613 y1
Wilson WilliamsAustin, Tx Jul 27, 201613 y1
Matthew Nicholas WeddingEvansville, In Jul 27, 201617 y1
Michael Scott NixonWest Des Moines, Ia Jul 27, 201616 y2
Jonathan David MillsChicago, Il Jul 29, 201617 y1
Mark Steven ThomasJacksonville, Fl Aug 10, 201616 y1
Jason Matthew PrewChicago, Il Aug 16, 201623 y1
Hammish Marvin PhilipCertified Financial Planner, Chartered Financial ConsultantWest Palm Beach, Fl Aug 16, 201616 y1
Sandi Steven SumnerChicago, Il Aug 22, 201624 y1
Lori H MoncadaChartered Financial ConsultantChicago, Il Sep 2, 201621 y2
Sally HoffmanCertified Financial PlannerKing Of Prussia, Pa Sep 15, 201619 y0
Eileen Mary SullivanCertified Financial PlannerChicago, Il Sep 29, 201626 y1
Theresa Marie KunkeliBudford, Ga Oct 13, 201613 y0
All 534 advisors at Bankers Life Advisory Services, Inc.
Advisor movement
33 left, 27 joined in 12 months
net -6 in 12 months4 left in 90 days10 joined in 90 daysdeparture rate 6.2% of current headcount83 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Lynn Cheryl Heilman · Presidentcontrol
      since 02/2019 · owns less than 5%
    • M Steven Josephson · Chief Operations Officercontrol
      since 12/2017 · owns less than 5%
    • Stephens Alberta Roberts · Chief Compliance Officer/Secretarycontrol
      since 10/2014 · owns less than 5%
    • Louis Scott Goldberg · Board Member
      since 08/2014 · owns less than 5%
    • H Paul Mcdonough · Board Member
      since 04/2019 · owns less than 5%
    Entity owners
    • Cdoc, Inc. · Parent Company
      direct · owns 75% or more
    • Cno Financial Group, Inc. · Holding Company
      indirect · owns 75% or more of Cdoc, Inc. · public reporting company
    Related persons
    Schedule D 7.A
    • 40/86 Advisors, Inc.
      investment advisernRAUM $30B
    • 40|86 Mortgage Capital, Inc.
      investment companyn
    • Bankers Conseco Life Insurance Company
      real estaten
    • Bankers Life And Casualty Company
      real estaten
    • Bankers Life Securities General Agency, Inc
      real estaten
    • Bankers Life Securities, Inc.
      broker-dealern
    • Benetek, Corporation
      real estaten
    • Cno Bermuda Re, Ltd
      real estaten
    • Colonial Penn Life Insurance Company
      real estaten
    • Conseco Life Insurance Company Of Texas
      real estaten
    • Creeksource LLC
      investment advisern
    • K.F. Agency, Inc.
      real estaten
    • K.F. Insurance Agency Of Massachusetts, Inc.
      real estaten
    • Optavise, LLC
      real estaten
    • Performance Matters Associates, Inc.
      real estaten
    • Resource Life Insurance Company
      real estaten
    • Washington National Insurance Company
      real estaten
    Advisers that list Bankers Life Advisory Services, Inc. as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Chicago, Il · principal52696151
    Charlotte, Nc2840
    King Of Prussia, Pa1420
    Fort Wayne, In832
    Greensboro, Nc800
    Scarborough, Me810
    Syracuse, Ny810
    West Des Moines, Ia800
    Chantilly, Va721
    Waltham, Ma700
    Beachwood, Oh720
    Louisville, Ky730
    Westerville, Oh710
    Warwick, Ri730
    Brentwood, Tn710
    Concord, Nh630
    Portage, Mi611
    Erie, Pa610
    Pittsburgh, Pa610
    Richmond, Va611
    Offices
    Schedule D 1.F, the 25 largest
    • Charlotte, NC14 employees
    • King Of Prussia, PA14 employees
    • Charlotte, NC9 employees
    • Brentwood, TN8 employees
    • West Des Moines, IA8 employees
    • Waltham, MA6 employees
    • Fort Wayne, IN6 employees
    • Richmond, VA6 employees
    • Atlanta, GA6 employees
    • Mount Laurel, NJ6 employees
    • Greensboro, NC6 employees
    • Beachwood, OH5 employees
    • Parsippany, NJ5 employees
    • Grand Rapids, MI5 employees
    • University Place, WA5 employees
    • Hauppauge, NY5 employees
    • Jacksonville, FL5 employees
    • West Palm Beach, FL5 employees
    • Portage, MI5 employees
    • Chantilly, VA4 employees
    • Salem, OR4 employees
    • Topeka, KS3 employees
    • Farmington, CT3 employees
    • Spring, TX3 employees
    • Erie, PA3 employees
    What changed
    consecutive filings, newest first
    • Accounts · 14,938 to 18,608
      Feb 12, 2026 to Mar 31, 2026
    • Advisory employees · 384 to 433
      Feb 12, 2026 to Mar 31, 2026
    • BD registered reps · 362 to 411
      Feb 12, 2026 to Mar 31, 2026
    • HNW clients · 4 to 5
      Feb 12, 2026 to Mar 31, 2026
    • Individual clients · 11,786 to 14,270
      Feb 12, 2026 to Mar 31, 2026
    • Pension plan clients · 32 to 39
      Feb 12, 2026 to Mar 31, 2026
    • Employees · 384 to 433
      Feb 12, 2026 to Mar 31, 2026
    • State-registered IARs · 384 to 433
      Feb 12, 2026 to Mar 31, 2026
    • Discretionary RAUM · $1.9B to $2.5B
      Feb 12, 2026 to Mar 31, 2026
    • HNW RAUM · $39.1M to $99.3M
      Feb 12, 2026 to Mar 31, 2026
    • Individual RAUM · $1.9B to $2.4B
      Feb 12, 2026 to Mar 31, 2026
    • Non-discretionary RAUM · $20.8M to $25.4M
      Feb 12, 2026 to Mar 31, 2026
    • Pension RAUM · $20.8M to $25.4M
      Feb 12, 2026 to Mar 31, 2026
    • RAUM · $1.9B to $2.5B
      Feb 12, 2026 to Mar 31, 2026
    • Wrap assets (sponsor) · $1.9B to $2.5B
      Feb 12, 2026 to Mar 31, 2026
    • Accounts · 13,089 to 14,938
      Aug 1, 2024 to Feb 28, 2025
    • Advisory employees · 378 to 384
      Aug 1, 2024 to Feb 28, 2025
    • BD registered reps · 347 to 362
      Aug 1, 2024 to Feb 28, 2025
    • Individual clients · 10,542 to 11,786
      Aug 1, 2024 to Feb 28, 2025
    • Pension plan clients · 26 to 32
      Aug 1, 2024 to Feb 28, 2025
    • Employees · 378 to 384
      Aug 1, 2024 to Feb 28, 2025
    • Financial planning clients · 0 to 0
      Aug 1, 2024 to Feb 28, 2025
    • State-registered IARs · 378 to 384
      Aug 1, 2024 to Feb 28, 2025
    • Discretionary RAUM · $1.5B to $1.9B
      Aug 1, 2024 to Feb 28, 2025
    • HNW RAUM · $31.6M to $39.1M
      Aug 1, 2024 to Feb 28, 2025
    • Individual RAUM · $1.4B to $1.9B
      Aug 1, 2024 to Feb 28, 2025
    • Non-discretionary RAUM · $15.8M to $20.8M
      Aug 1, 2024 to Feb 28, 2025
    • Pension RAUM · $15.8M to $20.8M
      Aug 1, 2024 to Feb 28, 2025
    • RAUM · $1.5B to $1.9B
      Aug 1, 2024 to Feb 28, 2025
    • Wrap assets (sponsor) · $1.4B to $1.9B
      Aug 1, 2024 to Feb 28, 2025
    • Accounts · 10,292 to 13,089
      Nov 30, 2023 to Mar 29, 2024
    • Advisory employees · 363 to 378
      Nov 30, 2023 to Mar 29, 2024
    • BD registered reps · 332 to 347
      Nov 30, 2023 to Mar 29, 2024
    • HNW clients · 1 to 4
      Nov 30, 2023 to Mar 29, 2024
    • Individual clients · 10,265 to 10,542
      Nov 30, 2023 to Mar 29, 2024
    • Employees · 363 to 378
      Nov 30, 2023 to Mar 29, 2024
    • State-registered IARs · 363 to 378
      Nov 30, 2023 to Mar 29, 2024
    • Discretionary RAUM · $1.1B to $1.5B
      Nov 30, 2023 to Mar 29, 2024
    • HNW RAUM · $7.2M to $31.6M
      Nov 30, 2023 to Mar 29, 2024
    • Individual RAUM · $1.1B to $1.4B
      Nov 30, 2023 to Mar 29, 2024
    Signals
    60 dated events
    • Kristina Marie Smith no longer holds an investment adviser registration (last listed at Bankers Life Advisory Services, Inc. on the 2026-09-16 feed)
      Sep 16, 2026 · Advisor registration ended · derived
    • Rebecca Kay Mcardle no longer holds an investment adviser registration (last listed at Bankers Life Advisory Services, Inc. on the 2026-09-14 feed)
      Sep 14, 2026 · Advisor registration ended · derived
    • Stephen Wayne Beckmann no longer holds an investment adviser registration (last listed at Bankers Life Advisory Services, Inc. on the 2026-09-14 feed)
      Sep 14, 2026 · Advisor registration ended · derived
    • Marjan Yavari registered as an investment adviser representative at Bankers Life Advisory Services, Inc.
      Sep 14, 2026 · Advisor registered · fact
    • Kyle Brandon Lapastora registered as an investment adviser representative at Bankers Life Advisory Services, Inc.
      Sep 14, 2026 · Advisor registered · fact
    • Stephen Wayne Beckmann left Bankers Life Advisory Services, Inc. for Integrity Alliance, LLC (registered 2026-09-15)
      Sep 14, 2026 · Advisor changed firm · fact
    • Hudson Park left Bankers Life Advisory Services, Inc. for Ubs Financial Services Inc. (registered 2026-08-14)
      Aug 14, 2026 · Advisor changed firm · fact
    • Joshua William Sievers left Bankers Life Advisory Services, Inc. for Savvy (registered 2026-09-11)
      Aug 11, 2026 · Advisor changed firm · fact
    • Danielle Lee Halliday left Bankers Life Advisory Services, Inc. for Pnc Wealth Management (registered 2026-07-13)
      Jul 2, 2026 · Advisor changed firm · fact
    • Dalton L Smith left Bankers Life Advisory Services, Inc. for Lpl Enterprise, Llc (registered 2026-06-22)
      Jun 18, 2026 · Advisor changed firm · fact
    • Nathan Michael Hudson left Bankers Life Advisory Services, Inc. for Ae Wealth Management, Llc (registered 2026-06-02)
      May 29, 2026 · Advisor changed firm · fact
    • Kenneth Joaquin Alutin left Bankers Life Advisory Services, Inc. for Lpl Enterprise, Llc (registered 2026-05-28)
      May 22, 2026 · Advisor changed firm · fact
    • Sean Irvin left Bankers Life Advisory Services, Inc. for Simplicity Wealth (registered 2026-08-27)
      May 13, 2026 · Advisor changed firm · fact
    • Jason Lawrence Fowler left Bankers Life Advisory Services, Inc. for Foundations Investment Advisors Llc (registered 2026-05-21)
      May 6, 2026 · Advisor changed firm · fact
    • Christopher Hartman left Bankers Life Advisory Services, Inc. for Cetera Investment Advisers Llc (registered 2026-05-14)
      May 5, 2026 · Advisor changed firm · fact
    • Jeremy Dillingham left Bankers Life Advisory Services, Inc. for Success Wealth Management Llc (registered 2026-05-11)
      May 1, 2026 · Advisor changed firm · fact
    • Tyisha Marie Wolfe left Bankers Life Advisory Services, Inc. for Concurrent Investment Advisors, Llc (registered 2026-04-10)
      Apr 14, 2026 · Advisor changed firm · fact
    • Josiah J Wines left Bankers Life Advisory Services, Inc. for Edward Jones (registered 2026-06-08)
      Apr 8, 2026 · Advisor changed firm · fact
    • Kristopher Alan Heig left Bankers Life Advisory Services, Inc. for Iams Wealth Management, Llc (registered 2026-04-22)
      Apr 8, 2026 · Advisor changed firm · fact
    • Evan Mitchell left Bankers Life Advisory Services, Inc. for Stirlingshire Investments (registered 2026-03-25)
      Mar 31, 2026 · Advisor changed firm · fact
    • Bankers Life Advisory Services, Inc. reported RAUM $2.5B, up 28% from $1.9B (2026-02-12 to 2026-03-31)
      Mar 31, 2026 · RAUM change · derived
    • Brittany White left Bankers Life Advisory Services, Inc. for Empower Advisory Group, Llc (registered 2026-07-09)
      Mar 27, 2026 · Advisor changed firm · fact
    • Thomas Ralph Pitts left Bankers Life Advisory Services, Inc. for Simplicity Wealth (registered 2026-03-24)
      Mar 17, 2026 · Advisor changed firm · fact
    • Benjamin Eggleston left Bankers Life Advisory Services, Inc. for Allstate Financial Advisors, Llc (registered 2026-04-28)
      Mar 6, 2026 · Advisor changed firm · fact
    • Anthony M Fisher left Bankers Life Advisory Services, Inc. for Thrivent Investment Management Inc. (registered 2026-05-27)
      Feb 24, 2026 · Advisor changed firm · fact
    • Jonathan Lee Whitver left Bankers Life Advisory Services, Inc. for Lpl Financial Llc (registered 2026-01-22)
      Jan 21, 2026 · Advisor changed firm · fact
    • Jordan David Wright left Bankers Life Advisory Services, Inc. for Gradient Advisors, Llc (registered 2026-01-30)
      Jan 7, 2026 · Advisor changed firm · fact
    • Alec Luna left Bankers Life Advisory Services, Inc. for Principal Advised Services (registered 2026-01-23)
      Dec 26, 2025 · Advisor changed firm · fact
    • Patrick Ryne Mckinley left Bankers Life Advisory Services, Inc. for Key Investment Services Llc (registered 2025-12-09)
      Dec 8, 2025 · Advisor changed firm · fact
    • Jeremy Goscenski left Bankers Life Advisory Services, Inc. for Northwestern Mutual Investment Services,Llc (registered 2026-02-02)
      Nov 19, 2025 · Advisor changed firm · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Website
    bankerslife.com/bankers-life-securities/bankers-life-advisorreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    844-553-9083reportedpublic record, Form ADV, Mar 31, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $4.7Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026