Strong market growth continues to expand both opportunity and exposure for investment advisers.
According to the Investment Adviser Association’s (IAA) 2025 Snapshot, the number of clients served rose 6.8% to 68.4 million in 2024, while assets under management surged 12.6% from $128.4 trillion to $144.6 trillion – highlighting both the scale of opportunity and the growing risks firms face.
Berkley Financial Specialists understands the unique exposure to Management (D&O) and Professional Liability (E&O) claims faced by Registered Investment Adviser firms, whether state – or SEC-registered, and provides the following D&O and E&O insurance risk management solution on an admitted basis in all 50 states and Washington, D.C.
- Dedicated Limits of up to $10M per claim on a Primary or Excess basis
- A customizable product able to meet the custodial requirements of Schwab, Fidelity, and Pershing, while allowing the Insured to select the coverage parts they want and need, including:
- D&O
- E&O
- Crime (including Social Engineering with limits up to $250K))
- Cyber (now available on an admitted basis in 44 states with limits up to $250K)
- Employment Practices Liability
- Fiduciary
- Registered Fund Coverage
- Coverage available for ancillary services such as tax preparation, trust management, and third-party client solicitation
- Coverage for unique industry exposures such as Trading Errors, life, accident, health, and disability insurance sales, and much more
For more information on our AdviserGuard™ product, please contact one of our Territory Underwriters listed below or 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.
| Northeast Region Seth Jainchill 860-466-7363 sjainchill@berkleyfs.com | Southeast Region Nick Zacchio 860-466-7190 [email protected] |
| Central Region Mike Saccone 303-408-9599 [email protected] | West Region Pete Verretto 206-802-3076 [email protected] |
| Underwriting Manager Edward Mongon 212-822-3312 [email protected] | National Marketing Director Scott Mynatt 404-443-2076 [email protected] |
| Vice President, Practice Leader Ryan Wenzel 212-497-3740 [email protected] |