Did you know BFS writes AdviserGuard™ for Registered Investment Advisers Policy?

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According to the Investment Adviser Association (IAA), the number of clients contracted with asset management firms increased to a record 54.3 million in 2022. As fiduciaries, Registered Investment Advisers (RIAs) have a duty to act in the best interest of their clients at all times.

Berkley Financial Specialists understands the unique exposure to Management (D&O) & Professional Liability (E&O) claims faced by RIA firms, either state or SEC Registered, and provides the following D&O/E&O insurance risk management solution on an admitted basis in 49 states + Washington D.C. (California in progress):

  • Dedicated Limits of up to $10M per Claim on a Primary or Excess basis
  • Able to meet the custodial requirements of Schwab, Fidelity and Fidelity for E&O and Crime coverage (including Social Engineering)
  • Coverage for ancillary services such as tax preparation, trust management, and third-party client solicitation
  • Coverage for unique industry exposure such as Trading Errors, Life/Accident/Health/Disability Insurance Sales and much much more
  • A customizable product that allows the Insured to select the coverage parts they want/need (E&O, D&O, EPL, Fiduciary, Registered Fund Coverage)

For more information on our AdviserGuard product, please reach out to one of our Territory Underwriters listed below or to the Underwriter Manager directly.

Make Sure Your Financial Institution Clients Have the Right Coverage!

Contact any one of our FI insurance experts below for help in making sure your FI customers have the right coverage from a strong, stable company!

Experts Focused On Your Protection. We Deliver.

Underwriting Manager
Edward Mongon
[email protected]
National Marketing Director
Scott Mynatt
[email protected]
Northeast Region
Seth Jainchill
Southeast Region
Nicole Rivard
[email protected]
Central Region
Mike Saccone
[email protected]
West Region
Pete Verretto
[email protected]

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