Cuna Brokerage Services, Inc. (Waverly)

Name: Cuna Brokerage Services, Inc.
Address: 2000 Heritage Way, Waverly, IA, 50677
Telephone: 319-352-4090

Cuna Brokerage Services, Inc. is a large advisory firm based in Waverly. It manages $2.25 billion of regulatory assets for 7,426 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Cuna Brokerage Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cuna Brokerage Services: assets under management

The assets under management (AUM) of Cuna Brokerage Services, Inc. is $2.25 billion. The firm's AUM has grown by 7388% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cuna Brokerage Services, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Jeffrey Bosco serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Jeffrey Bosco is corporations or other businesses with 168 clients and $1.1 billion of assets under management. Among the 9 most similar advisory firms, Cuna Brokerage Services has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $2.25 billion for 7,426 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cuna Brokerage Services doesn't advise any private funds.

Careers at Cuna Brokerage Services, Inc.

The company employs 734 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 734 employees are registered as investment adviser representatives with the state securities authorities.

There are 291 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Jeffrey Bosco has been acting as President since 1 Aug 2014. Paul Damien Barbato joined the executive team most recently as the Secretary, Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donna Catherine Blankenheim	Asst. secretary	1 Sep 1985	Other	1464175
Timothy Lee Carlson	Asst. treasurer	1 Jul 1990	Other	2014415
Michael Gene Joneson	Secretary/treasurer	1 Jul 1990	Other	1456912
Campbell Dennis Mchugh	Compliance officer	1 Jul 1990	Other	1127137
Janice Carol Doyle	Asst. secretary	1 Oct 1991	Other	2201035
Cuna Mutual Investment Corporation	Owner	1 Apr 1993	75% - 100%	39-1172351
John Charles Fritsche	Asst. vice president	1 Feb 1997	Other	807160
John Warren Wiley	Assoc. compliance officer	1 Jun 1997	Other	2348878
Wayne Allen Benson	Director/president	1 May 1998	Other	1241247
Lawrence Roy Halverson	Director	1 May 1998	Other	1738686
John Weldon Henry	Director/vice president	1 May 1998	Other	1910378
Daniel Evan Meylink	Director	1 Dec 1998	Other	2052956
Faye A. Patzner	Senior vice president & general counsel	1 Mar 1999	Other	xxx-xx-xxxx
Faye Anne Patzner	Chief officer - legal	1 Mar 1999	Other	xxx-xx-xxxx
Joseph Louis Bauer	Asst. treasurer	1 Jun 1999	Other	3277531
Tracy Kay Gunderson	Asst. secretary	1 Jun 1999	Other	3277523
Andrew Clifford Osen	Assoc. compliance officer	1 Jun 1999	Other	2592461
Judd Thomas Schemmel	Assoc. compliance officer	1 Jun 1999	Other	3274447
Brian L Schroeder	Assoc. compliance officer	1 Jun 1999	Other	2234812
Helen Marie Wagabaza	Asst. secretary	1 Jun 1999	Other	3277513
Tracy Kay Lien	Asst. secretary	1 Jun 1999	Other	3277523
David Stephen Emery	Vice president	1 Apr 2000	Other	1984877
Marcia Lynn Martin	Director, asst. vice president, managing principal	1 May 2000	Other	1290096
James Edward Gowan	Director	1 May 2000	Other	3110018
Wayne Allen Benson	Director	1 Jun 2001	Other	1241247
Marcia Lynn Martin	Director/president	1 Jun 2001	Other	1290096
James Edward Gowan	Director/vice president	1 Jun 2001	Other	3110018
Deborah Ann Bunge	Assistant vice president	1 Jun 2001	Other	2500626
Bradley Allen Buss	Assistant vice president	1 Jun 2001	Other	2861591
Katherine Irma Grete	Assistant treasurer	1 Jun 2001	Other	2975801
Patricia Anne Price	Assistant vice president	1 Jun 2001	Other	1346036
Lynn Sabo Chapdelaine	Assistant vice president	1 Jun 2001	Other	1455195
Timothy Sullivan Halevan	Compliance officer/assistant vice president	1 Jun 2001	Other	2288721
Deborah Ann Withey	Assistant vice president	1 Jun 2001	Other	2500626
Grael Burt Barker	Director	1 Jan 2002	Other	1865873
Dennis J. Godfrey	Director	1 Jan 2002	Other	4397682
Kevin Thomas Lentz	Director	1 Jan 2002	Other	2052961
Mark T Warshauer	Director	1 Jan 2002	Other	1874897
Laurie Carlson	Assistant secretary	1 Jan 2002	Other	xxx-xx-xxxx
Mark Willson	Assistant secretary	1 Jan 2002	Other	xxx-xx-xxxx
Geoffrey Mccloskey	Assistant treasurer	1 Jan 2002	Other	xxx-xx-xxxx
Dennis J Godfrey	Director	1 Jan 2002	Other	4397682
Gloria Jean Wallace	Assistant vice president, brokerage operations and advisory services	1 Dec 2003	Other	1197092
Christine Mary Anderson	Secretary and treasurer, internal auditing vice president, finance	1 Dec 2003	Other	xxx-xx-xxxx
Sheila Marie Kittleson	Assistant treasurer	1 Mar 2004	Other	xxx-xx-xxxx
John Weldon Henry	Acting president	1 Mar 2004	Other	1910378
Peter H Corning	Secretary and treasurer	1 Oct 2004	Other	xxx-xx-xxxx
Mark Elliott Backes	Vice president - operations	1 Mar 2005	Other	4102325
Thompson Kevin S	Vice president, deputy general counsel	1 Mar 2006	Other	xxx-xx-xxxx
Hughes David J	Treasurer	1 Mar 2006	Other	xxx-xx-xxxx
Chosy John Andrew	Assistant secretary	1 Mar 2006	Other	xxx-xx-xxxx
Everson Mark S	Director	1 Jun 2006	Other	xxx-xx-xxxx
Mark S Everson	Director	1 Jun 2006	Other	xxx-xx-xxxx
Mark Elliott Backes	President and head of operations	1 Sep 2006	Other	4102325
Steven R Suleski	Vice president, associate general counsel	1 Sep 2006	Other	xxx-xx-xxxx
John Robert Ridge	Director	1 May 2007	Other	1973373
James Harold Metz	Director	1 Jun 2007	Other	xxx-xx-xxxx
Steven Howard Dowden	Chairman	1 Jul 2007	Other	2666894
David J Hughes	Treasurer, financial operations principal	1 Aug 2007	Other	xxx-xx-xxxx
Pamela Marie Krill	Legal counsel	1 Feb 2008	Other	xxx-xx-xxxx
Timothy Sullivan Halevan	Chief compliance officer/vp, cuna brokerage services, inc., members capitals advisors, members mutual funds, ultra series funds	1 Jan 2009	Other	2288721
Steven Howard Dowden	President and chairman of the board	1 Jan 2009	Other	2666894
James Harold Metz	Chairman of the board	1 Mar 2009	Other	xxx-xx-xxxx
Kevin Robert Cummer	Secretary, treasurer, financial operations principal	1 Mar 2009	Other	5634241
Ross Drechsel Hansen	Vice presdent, associate general counsel	1 Oct 2009	Other	1277867
James Harold Metz	President & chairman of the board	1 Dec 2009	Other	xxx-xx-xxxx
Kevin S Thompson	Director	1 Dec 2009	Other	5211343
Kerry Anne Jung	Secretary	1 Apr 2010	Other	4267704
Alastair C Shore	Director	1 May 2011	Other	5960171
Andrew J Michie	Director	1 May 2011	Other	5933376
Thomas Joseph Merfeld	Director	1 Feb 2012	Other	4342308
Stephen Wayne Koslow	Director	1 Feb 2012	Other	2568174
Richard R Roy	Director	1 Feb 2012	Other	6034907
Jason Alan Pisarik	Director	1 Dec 2012	Other	6147437
Nanette Lee Strennen	Treasurer	1 Jun 2013	Other	6174385
Kevin S Thompson	Vice presdent, secretary, associate general counsel	1 Jun 2013	Other	5211343
Angela Kari Campbell	Assistant secretary	1 Jun 2013	Other	6227531
Timothy Sullivan Halevan	President, chief compliance officer	1 Aug 2014	Other	2288721
Michael Jeffrey Bosco	Director	1 Aug 2014	Other	4297527
Michael Todd Defnet	Director	1 Jan 2015	Other	2163921
Christopher Copeland	Director	1 Jan 2015	Other	6437117
Ross Drechsel Hansen	Vice presdent, associate general counsel	1 Sep 2015	Other	1277867
Steven Richard Suleski	Secretary, director	1 Sep 2015	Other	4360636
Steven R Suleski	Secretary, director	1 Sep 2015	Other	4360636
Michael Frank Anderson	Director	1 Dec 2015	Other	6607015
David Matthew Foster	President	1 Dec 2015	Other	1279176
Michelle Nicole Niemec	Treasurer	1 Dec 2015	Other	6169572
Kevin Sean Thompson	President	1 May 2016	Other	5211343
David Lawrence Sweitzer	Director	1 Oct 2016	Other	6731574
Jenny Marie Brock	Treasurer	1 Jan 2017	Other	6654483
David Matthew Foster	President	1 Apr 2017	Other	1279176
Robert James Comfort	President	1 Jul 2017	Other	1264061
William A Karls	Director	1 Aug 2017	Other	6847792
John Monroe Jr. Landers	Chief compliance officer	1 Aug 2018	Other	6494292
Paul Damien Barbato	Secretary, director	1 Dec 2018	Other	7064310

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Cmfg Life Insurance Company	100% owner cmic	1 Jul 1985	75% - 100%	39-0230590
Cuna Mutual Insurance Society	100% owner cmic	1 Jul 1985	75% - 100%	39-0230590

Based in Waverly

The principal office where Cuna Brokerage Services, Inc. performs its advisory services is located at 2000 Heritage Way, Waverly, IA 50677, which is also the mailing address of the firm. An additional office of the firm is in Antigo, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-352-4090 or by fax 608-236-8023. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at members.cunamutual.com.