{
  "crd_number": 281285,
  "slug": "bankers-life-advisory-services-inc-chicago-il-281285",
  "primary_business_name": "BANKERS LIFE ADVISORY SERVICES, INC.",
  "legal_name": "BANKERS LIFE ADVISORY SERVICES, INC.",
  "dbas": [
    "BANKERS LIFE",
    "BL ADVISORY SERVICES, INC"
  ],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-11-18",
  "years_registered": 10,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 2487262961.0,
  "raum_discretionary": 2461873347.0,
  "raum_non_discretionary": 25389614.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 433,
  "advisory_employees": 433,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 2362605429.0,
      "count": 14270
    },
    "pension_profit_sharing": {
      "raum": 25389614.0,
      "count": 39
    },
    "high_net_worth_individuals": {
      "raum": 99267918.0,
      "count": 5
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://bankerslife.com/bankers-life-securities/bankers-life-advisory-services-inc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/281285",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/bankers-life-advisory-services-inc-chicago-il-281285",
  "display_name": "Bankers Life Advisory Services, Inc.",
  "summary": "Bankers Life Advisory Services, Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Bankers Life Advisory Services, Inc. (CRD 281285): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Bankers Life Advisory Services, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bankers Life Advisory Services, Inc. reports these compensation arrangements: a percentage of assets under its management; other."
    },
    {
      "q": "What does Bankers Life Advisory Services, Inc.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.5% to 2.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Bankers Life Advisory Services, Inc. located?",
      "a": "Bankers Life Advisory Services, Inc.'s principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 24 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Bankers Life Advisory Services, Inc. registered with the SEC or a state?",
      "a": "Bankers Life Advisory Services, Inc. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281285."
    },
    {
      "q": "How much does Bankers Life Advisory Services, Inc. manage?",
      "a": "Bankers Life Advisory Services, Inc. reports $2,487,262,961 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary)."
    },
    {
      "q": "How have Bankers Life Advisory Services, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bankers Life Advisory Services, Inc.: Regulatory assets under management: $790,745,851 in the October 2021 data and $2,487,262,961 in the October 2026 data, up 215%. Total employees: 340 in October 2021 and 433 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bankers Life Advisory Services, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (14,270); pension and profit sharing plans (but not the plan participants or government pension plans) (39); high net worth individuals (5)."
    },
    {
      "q": "Does Bankers Life Advisory Services, Inc. report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281285"
    },
    {
      "q": "What changed in Bankers Life Advisory Services, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Item 11 disclosure answers changed: 2 yes answers, previously 3 (now no: 11.H(2)). Employees performing advisory functions went from 384 to 433. Regulatory assets under management went from $1,943,847,697 to $2,487,262,961 (+28%). Added an office in Bridgeport, WV. Added an office in Greenville, SC. Added an office in Mount Pleasant, MI. Added an office in Syracuse, NY. Added an office in Westerville, OH. No longer lists an office in Hauppauge, NY. No longer lists an office in Mount Laurel, NJ. No longer lists an office in Portage, MI. No longer lists an office in Salem, OR. No longer lists an office in Spring, TX."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 790745851.0,
      "total_employees": 340,
      "filing_date": "2021-09-21"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1180598287.0,
      "total_employees": 346,
      "filing_date": "2022-09-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1125123822.0,
      "total_employees": 363,
      "filing_date": "2023-08-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1486019075.0,
      "total_employees": 378,
      "filing_date": "2024-08-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1943847697.0,
      "total_employees": 384,
      "filing_date": "2025-02-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2487262961.0,
      "total_employees": 433,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 2 yes answers, previously 3 (now no: 11.H(2)).",
        "Employees performing advisory functions went from 384 to 433.",
        "Regulatory assets under management went from $1,943,847,697 to $2,487,262,961 (+28%).",
        "Added an office in Bridgeport, WV.",
        "Added an office in Greenville, SC.",
        "Added an office in Mount Pleasant, MI.",
        "Added an office in Syracuse, NY.",
        "Added an office in Westerville, OH.",
        "No longer lists an office in Hauppauge, NY.",
        "No longer lists an office in Mount Laurel, NJ.",
        "No longer lists an office in Portage, MI.",
        "No longer lists an office in Salem, OR.",
        "No longer lists an office in Spring, TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.5% to 2.5% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.5% to 2.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The annual fee for Portfolio Management Services ranges from 0.50% to 2.5%. Fees are negotiable."
        ]
      }
    ],
    "quotes": [
      "The annual fee for Portfolio Management Services ranges from 0.50% to 2.5%. Fees are negotiable."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/bankers-life-advisory-services-inc-chicago-il-281285.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 14270,
      "fewer_than_5": false,
      "raum": 2362605429.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 5,
      "fewer_than_5": false,
      "raum": 99267918.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 39,
      "fewer_than_5": false,
      "raum": 25389614.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/281285",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}