Bankers Life Advisory Services, Inc.

Bankers Life Advisory Services, Inc. (BLAS) provides discretionary portfolio management, non‑discretionary investment consulting, and non‑ERISA retirement plan consulting primarily to mass‑affluent and high‑net‑worth individuals. Services include tailored asset allocation and ongoing investment management, the selection and monitoring of outside managers, and access to wrap programs that use third‑party submanagers.

BLAS’ investment process emphasizes customized asset allocation, periodic rebalancing, tax efficiency and a mix of fundamental, technical/charting and cyclical analysis to inform security selection and portfolio adjustments. Advisors typically manage accounts on a discretionary basis, implement trades through affiliated Bankers Life Securities with Pershing as the clearing custodian, and provide regular performance reporting and annual reviews.

Compared with many large enterprise advisers, BLAS is concentrated on individual clients rather than corporate or charitable organizations and discloses a high degree of integration with affiliated broker‑dealer and insurance entities. The brochure highlights related conflicts and mitigants — for example, many Investment Advisors are also registered representatives or insurance agents, BLAS rebates 12b‑1 fees to client accounts, does not accept proxy‑voting authority for managed accounts, and states it has no affiliation with a real estate broker.