Bankers Life Advisory Services, Inc.

Registered investment adviser · Chicago, IL · CRD #281285

Form ADV data as of 2026-09-01

Regulatory assets

$2.49 billion

Total accounts

18,608

Employees

433

Disclosure events

Firm details

Website: https://www.bankerslife.com/bankers-life-securities/bankers-life-advisory-services-inc/
Telephone: 844-553-9083
SEC file number: 801-106953
Most recent Form ADV filing: 2026-03-31
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 2 disclosure questions answered Yes, covering 2 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$2.46 billion
Non-discretionary regulatory assets under management	$25.4 million
Total regulatory assets under management	$2.49 billion
Discretionary accounts	18,569
Non-discretionary accounts	39
Total accounts	18,608
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	433
Employees performing investment advisory functions (including research)	433
Employees who are registered representatives of a broker-dealer	411
Employees registered as investment adviser representatives with a state	433
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	433
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementOther

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)Educational seminars/workshops

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Insurance company or agencyReal estate broker or dealer

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	14,270	$2.36 billion
High net worth individuals	5	$99.3 million
Pension and profit sharing plans (not the participants or government plans)	39	$25.4 million