Berthel Fisher Companies, a Cedar Rapids, Iowa-based, full-service independent financial services firm, announced the recruitment of MP Butterworth & Associates, a Reading, Pennsylvania-based firm.
The firm is led by Mike Butterworth with approximately $85 million in assets under management.
Berthel Fisher says it has recruited over a dozen advisors in recent months, boosting its assets under management by $165 million.
Butterworth founded his firm in 1984 and his son Chris joined the practice in 2012. While the firm offers comprehensive wealth management solutions, the company says it specializes in supporting the long-term planning needs of families caring for loved ones with special needs.
“Our firm is delighted to affiliate with Berthel Fisher,” Butterworth said. “Over the years, we have developed a reputation for working with special needs families across the country, so we needed a partner with the flexibility and resources to allow us to serve these clients in a way that works for us and them. That, in part, is what brought us to Berthel Fisher. They understand what we’re about and are as passionate about our work as we are.”
Berthel Fisher has also named Nate Spencer vice president of business development. In this role, the company says Spencer’s responsibilities will include recruiting new independent financial professionals, developing acquisition strategies and fostering organic growth and retention among existing financial professionals.
Spencer comes to Berthel Fisher from Allworth Financial, where he worked in the firm’s mergers and acquisitions unit.
“Over the years, Berthel Fisher has worked hard to adapt to the needs of its advisors and the realities of our ever-evolving industry while remaining steadfast in our commitment to providing financial professionals with the products, platforms and resources necessary for their businesses to succeed,” Spencer said. “I look forward to sharing the firm’s story with the market and achieving the lofty growth goals we have set for ourselves.”
Berthel Fisher Companies is a national financial services firm which supports four companies that together provide comprehensive investment management as well as financial products and services to financial advisors and their clients.