# Bankers Life Advisory Services, Inc.

> 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.

- CRD: 281285
- Filed as: BANKERS LIFE ADVISORY SERVICES, INC.
- Also doing business as: BANKERS LIFE, BL ADVISORY SERVICES, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281285
- AdvisorCensus page: https://advisorcensus.com/firm/bankers-life-advisory-services-inc-chicago-il-281285

## Quick answers

**How is Bankers Life Advisory Services, Inc. compensated?**
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.

**How much does Bankers Life Advisory Services, Inc. charge?**
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.

**Where is Bankers Life Advisory Services, Inc. located?**
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).

**Is Bankers Life Advisory Services, Inc. registered with the SEC or a state?**
Bankers Life Advisory Services, Inc. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281285.

**How much does Bankers Life Advisory Services, Inc. manage?**
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).

**How have Bankers Life Advisory Services, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Bankers Life Advisory Services, Inc. serve?**
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).

**Does Bankers Life Advisory Services, Inc. report any disciplinary disclosures?**
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

**What changed in Bankers Life Advisory Services, Inc.'s recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.5% to 2.5% a year (a range, as the brochure states it)

> The annual fee for Portfolio Management Services ranges from 0.50% to 2.5%. Fees are negotiable.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $2,487,262,961
- Discretionary: $2,461,873,347
- Non-discretionary: $25,389,614

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 14,270 | $2,362,605,429 |
| High net worth individuals | 5 | $99,267,918 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 39 | $25,389,614 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2015 (10 years)
- Employees: 433 total, 433 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281285

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Atlanta, GA
- Beachwood, OH
- Brentwood, TN
- Bridgeport, WV
- Chantilly, VA
- Charlotte, NC
- Erie, PA
- Fort Wayne, IN
- Grand Rapids, MI
- Greensboro, NC
- Greenville, SC
- Jacksonville, FL
- King of Prussia, PA
- Mount Pleasant, MI
- Parsippany, NJ
- Richmond, VA
- Scarborough, ME
- Syracuse, NY
- University Place, WA
- Waltham, MA
- Warwick, RI
- West Palm Beach, FL
- West des Moines, IA
- Westerville, OH

### Websites listed on Form ADV (Item 1.I)
- [bankerslife.com/bankers-life-securities/bankers-life-advisory-services-inc](https://bankerslife.com/bankers-life-securities/bankers-life-advisory-services-inc)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $790,745,851 | 340 | September 21, 2021 |
| October 2022 | $1,180,598,287 | 346 | September 22, 2022 |
| October 2023 | $1,125,123,822 | 363 | August 4, 2023 |
| October 2024 | $1,486,019,075 | 378 | August 1, 2024 |
| October 2025 | $1,943,847,697 | 384 | February 28, 2025 |
| October 2026 | $2,487,262,961 | 433 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bankers Life Advisory Services, Inc. (CRD 281285): Form ADV filing data as of October 2026.