Tom Berthel to step down as CEO at Berthel Fisher Cos.
People - SEPTEMBER 18, 2023

Tom Berthel to step down as CEO at Berthel Fisher Cos.

by Released

The Berthel Fisher Cos. has appointed Andrew (Andy) Christofferson to president and CEO of Berthel Fisher’s RIA, two broker-dealers and insurance agency subsidiaries.

In these roles, Christofferson, who previously served as COO, assumes the responsibilities of Tom Berthel, the firm’s co-founder. Berthel will continue to act as president, CEO and chairman of the holding company while now focusing his efforts on capitalization and strategic initiatives.

The firm also announced the promotions of Paige Swartzendruber to chief business development officer of the subsidiaries; Brian Rupp to treasurer and CFO of the subsidiaries; and Joanna Schaul, chief administrative officer of the subsidiaries.

“I am thrilled that Andy is taking over as my successor in overseeing day-to-day operations of our subsidiaries, and I congratulate Paige, Brian and Joanna on their promotions,” said Berthel. “These moves have been in the works for some time, so I’m proud that this day has finally come and relieved that our financial professionals will be in great hands going forward. Not only are these leaders uniquely prepared for their new responsibilities, but the appointments enable me to accelerate Berthel Fisher’s long-term growth plans while giving me the opportunity to closely collaborate with the senior leadership team going forward.”

Berthel co-founded Berthel Fisher in 1985. The diversified financial services firm has since grown to support more than 360 financial professionals who oversee approximately $9.8 billion in assets under advisement (AUA) through an array of wealth management business models. Under Berthel’s leadership, Berthel Fisher has evolved to provide a wide range of traditional and alternative investments, income solutions and portfolio strategies, as well as holistic planning services for financial professionals and their clients.

Christofferson has more than 23 years of financial services experience. He joined Berthel Fisher in 2012, rising from senior vice president of business development to chief business development officer, before becoming COO in 2018. Prior to joining Berthel Fisher, Christofferson served as CIO at Securian Advisors MidAmerica. He began his career with InterSecurities, now part of Transamerica Financial Advisors.

Swartzendruber joined Berthel Fisher in 2007. Previously, she served as a registered representative, financial planner and vice president, adviser relationships & strategy consulting. Most recently, Swartzendruber served as senior vice president business development and director for Berthel Fisher subsidiaries.

Rupp joined Berthel Fisher in 2016. Previously, he served as vice president, controller, treasurer and director for Berthel Fisher. Prior to Berthel Fisher, Rupp served as an accounting manager at Sourcemedia/Gazette and before that at AEGON. Earlier in his career, Rupp was a controller at Waste Management.

Before her promotion, Schaul was senior vice president administration and secretary for Berthel Fisher subsidiaries, she joined the firm in 2005 after spending nearly five years with GE Capital, where she filled a variety of key roles.


Forgot your username or password?