Corporate Structure

Investment Advisors Corp. is a subsidiary of BDFSC Holdings Corp., headquartered in West Des Moines, Iowa. BDFSC Holdings Corp. has been in existence since 1996. In addition to Investment Advisors Corp., other subsidiaries of BDFSC Holdings Corp. include Broker Dealer Financial Services Corp. and Bankers Financial Services, LLC.

Corporate Structure Picture

About Our Affiliates

Broker Dealer Financial Services Corp.

Broker Dealer Financial Services was originally incorporated in 1979. The company has become a premier regional financial service firm offering clients and representatives a broad range of financial products and services with local and national appeal. Broker Dealer Financial Services Corp. is registered in all 50 (as of 9/2017) states and Puerto Rico and has branch offices throughout the United States. It is registered with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC) and the National Association of Independent Broker Dealers (NAIBD). In addition, Broker Dealer Financial Services Corp. comprises two Divisions, BDF Investments and IBA Securities.

IBA Securities – Division of Broker Dealer Financial Services Corp.

Since 1984, IBA Securities has been providing investment brokerage services to banks. IBA Securities expands the menu of investment products and services community banks provide to their customers by creating customized bank brokerage programs. The firm supports banks through every step of developing a profitable investment center. This includes a thorough financial analysis, outlining the low overhead costs and strong forecasted contributions to the bank’s bottom line. Partnering with their bank clients, the firm locates and trains investment representatives, manages regulatory and compliance issues, provides FINRA and state licensing assistance and offers continual sales and marketing support from initial program development through each client transaction. IBA Securities is the only broker dealer endorsed by the Iowa Bankers Association and has contractual relationships with nearly 80 Iowa banks (as of 9/2017). IBA Securities is the largest provider of this service in Iowa.

BDF Investments – Division of Broker Dealer Financial Services Corp.

Established in 1995, BDF Investments is a Division of Broker Dealer Financial Services Corp. providing full-service investment support through five branch office locations across the state of Iowa. BDF Investments provides investment opportunities including stocks, bonds, mutual funds, insurance and other fee- and transaction-based products. The Division is dedicated to serving both customers and representatives by providing a broad range of investment alternatives, coupled with experienced back office and compliance support. Branch offices are located in Carroll, Coralville, Fort Dodge, Red Oak and West Des Moines.

Bankers Financial Services, LLC

Bankers Financial Services, LLC designs and distributes financial products and services for community banks. The Market-Linked Certificate of Deposit program is now sold in banks and other financial institutions throughout the U.S. The firm supports banks by developing products and services that compete in the rapidly changing financial services industry.

Market Index Certificate Services

Market Index Certificate Services, a Division of Bankers Financial Services, LLC, partnered with CUNA Mutual, Madison, WI, to provide sales and operational support to assist credit unions in offering NCUA-insured, Market Index Certificates to their members. The division provides these services directly to a national base of credit unions.