First National Advisers

First National Advisers launched in 2015 as the registered investment advisor subsidiary of First National Bank of Omaha (FNBO), a Nebraska institution tracing...

First National Advisers

First National Advisers launched in 2015 as the registered investment advisor subsidiary of First National Bank of Omaha (FNBO), a Nebraska institution tracing its origins to the 1850s. As a dedicated fiduciary within a multi-state banking network, the FA harnesses internal trust and private banking referrals across Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota, Texas, and Wyoming. This structure distinguishes the firm from independent RIA startups — it inherits a 170-year client relationship pipeline rather than building one from scratch. The platform delivers portfolio management and investment advisory across individual, institutional, and corporate accounts. Asset-class exposure spans public equities, fixed income, mutual funds, ETFs, and alternative investments, reflecting a balanced-manager approach suitable for preservation-focused family capital. The firm additionally coordinates with FNBO's commercial and private banking divisions, enabling direct access to credit solutions — including securities-based lending — that standalone wealth managers cannot replicate. While specific portfolio-company names are not publicly itemized, the firm's open-architecture model permits access to third-party managers and fund structures across US and international markets. The advisory practice sits on a parent balance sheet that reports over $30 billion in total assets, though the advisory AUM is not publicly disclosed (per Altss estimate). The bank's wealth division operates through a unified digital platform and branch network, embedding advisors into client relationships that often span generations. A visible operational signal: FNBO participated in a May 2024 community development initiative through the Federal Home Loan Bank of Topeka, reinforcing its local-market deposit and lending posture (per FNBO Community Impact Report, May 2024). First National Advisers' structural differentiator is its position as the fiduciary layer atop a privately held, multi-regional bank that has never diluted its ownership across public shareholders. That governance model allows the investment committee to prioritize long-duration client outcomes — including intergenerational wealth transfer and tax-aware portfolio transition — over quarterly earnings pressure. The firm does not operate as a multi-family office or sponsor proprietary fund vehicles; it functions as the advice engine inside a banking franchise that competes on relationship longevity rather than fund performance rankings.

Website

fnbo.com

linkedin.com/company/first-national-advisors

General information

Firm type

Bank / Wealth / Trust

Year founded

2015

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Omaha

Corporate office

Omaha, Nebraska, United States

Sector focus

Financial ServicesWealth Management

How does First National Advisers source its clients?

First National Advisers draws clients primarily through internal referrals from First National Bank of Omaha's private banking and commercial trust groups. Because FNBO operates across eight Midwestern and Western states, the advisory practice inherits a deep pipeline of existing depositors, business owners, and trust beneficiaries who already maintain banking relationships with the parent institution. This internal feeder system differentiates it from standalone RIAs that must rely on external marketing or custodian referrals.

What is the relationship between First National Advisers and First National Bank of Omaha?

First National Advisers is the registered investment advisor arm of First National Bank of Omaha (FNBO), a privately held bank chartered in Omaha, Nebraska. The advisory entity was formally established in 2015 to deliver fiduciary investment management, distinguishing its role from the bank's depository and lending operations. Client brokerage accounts are cleared through a third-party custodian, and investment products are explicitly not FDIC-insured, as confirmed by FNBO's published disclosures.

Does the firm report assets under management?

First National Advisers does not publicly disclose its advisory assets under management. The parent bank, First National Bank of Omaha, reports total bank-level assets exceeding $30 billion, but these figures encompass the entire depository and lending franchise and do not isolate the RIA's discretionary or non-discretionary portfolios. Without a public ADV filing or press release clarifying AUM, the advisory unit's scale remains undisclosed.

What investment products can clients access through First National Advisers?

The firm constructs portfolios using individual equities, fixed-income instruments, mutual funds, ETFs, and alternative investments, operating under an open-architecture framework. Its status as a bank-affiliated RIA also lets advisors coordinate securities-based lending and credit lines through FNBO's commercial banking division, a feature less common among independent advisory firms. The published marketing emphasizes tailored portfolio management rather than proprietary fund offerings.

Does First National Advisers participate in direct co-investments or club deals?

The firm does not position itself as a direct-deal sponsor, co-investment club, or platform for GP-stake commitments. Its advisory model centers on managed account relationships and access to third-party asset managers, consistent with a fiduciary model focused on asset allocation and manager selection. Institutional allocators seeking co-investment capabilities would need to explore dedicated family-office or alternatives platforms outside FNBO's wealth structure.

Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: Jun 3, 2026. Continuous refresh with full update cycles at least every 30 days.