First National Advisers, Llc
- Regulatory AUM
- $7.4B
- Discretionary
- $7.4B
- Clients
- 1,145
- Avg AUM / client
- $6.4M
- Accounts
- 3,823
- Employees
- 35
AUM over time
Annual snapshots from Form ADV filings · as of Jun 16, 2026
Investments (13F portfolio — 239 positions, $683,480,347)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Dimensional Etf Trust | INTL CORE EQT MK | $56,899,146 | 1,460,459 | 8.32% | 0.77% |
| 2 | Apple Inc | COM | $38,704,389 | 152,507 | 5.66% | 0.53% |
| 3 | Nvidia Corporation | COM | $32,397,854 | 185,768 | 4.74% | 0.44% |
| 4 | Microsoft Corp | COM | $26,749,104 | 72,260 | 3.91% | 0.36% |
| 5 | Alphabet Inc | CAP STK CL C | $21,527,679 | 75,047 | 3.15% | 0.29% |
| 6 | Amazon Com Inc | COM | $18,987,021 | 91,166 | 2.78% | 0.26% |
| 7 | Pimco Etf Tr | COMMODITY STRAT | $16,326,000 | 505,934 | 2.39% | 0.22% |
| 8 | Ssga Active Etf Tr | STATE STREET MUL | $15,244,000 | 421,698 | 2.23% | 0.21% |
| 9 | Broadcom Inc | COM | $14,336,434 | 46,320 | 2.1% | 0.19% |
| 10 | Jpmorgan Chase & Co | COM | $14,020,430 | 47,664 | 2.05% | 0.19% |
| 11 | Meta Platforms Inc | CL A | $12,816,536 | 22,401 | 1.88% | 0.17% |
| 12 | J P Morgan Exchange Traded F | EQUITY PREMIUM | $11,998,000 | 211,674 | 1.76% | 0.16% |
| 13 | Berkshire Hathaway Inc Del | CL A | $11,490,240 | 16 | 1.68% | 0.16% |
| 14 | Eli Lilly & Co | COM | $8,812,756 | 9,582 | 1.29% | 0.12% |
| 15 | Alphabet Inc | CAP STK CL A | $8,552,581 | 29,743 | 1.25% | 0.12% |
| 16 | Exxon Mobil Corp | COM | $7,379,016 | 43,494 | 1.08% | 0.1% |
| 17 | Berkshire Hathaway Inc Del | CL B NEW | $7,370,245 | 15,380 | 1.08% | 0.1% |
| 18 | Rtx Corporation | COM | $7,046,216 | 36,526 | 1.03% | 0.1% |
| 19 | Nextera Energy Inc | COM | $6,999,955 | 75,367 | 1.02% | 0.09% |
| 20 | Costco Wholesale Corporation | COM | $6,442,929 | 6,466 | 0.94% | 0.09% |
| 21 | Walmart Inc | COM | $6,291,097 | 50,618 | 0.92% | 0.09% |
| 22 | Mastercard Incorporated | CL A | $6,059,181 | 12,127 | 0.89% | 0.08% |
| 23 | Amgen Inc | COM | $5,818,493 | 16,537 | 0.85% | 0.08% |
| 24 | Abbott Laboratories | COM | $5,713,725 | 55,656 | 0.84% | 0.08% |
| 25 | Tesla Inc | COM | $5,527,947 | 14,869 | 0.81% | 0.08% |
Top 25 of 239 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 797 | $243M | 3.29% |
| High net worth individuals | 315 | $1.4B | 19.5% |
| Banking or thrift institutions | Fewer than 5 clients | $5.1B | 69.7% |
| Investment companies | 1 | $527M | 7.15% |
| Charitable organizations | 4 | $3.4M | 0.05% |
| Corporations and other businesses | 28 | $23.6M | 0.32% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Nhd Nonunion Retirement Savings Plan New Hampshire Distributors, Llc | 2024 | |
| The 401(k) Plan For Permanente Medical Groups Southern California Permanente Medical Group | 2024 | |
| Boston Semi Equipment Llc 401 K Profit Sharing Plan And Trust Boston Semi Equipment Llc | 2024 | |
| Ceres 403(b) Dc Plan Ceres, Inc. | 2024 | |
| Teufelberger Retirement Savings Plan Teufelberger Fiber Rope Corporation | 2024 | |
| Centerline Communications Llc 401(k) Profit Sharing Plan And Trust Centerline Communications Llc | 2024 | |
| Radiology Partners, Inc. Partner Plan Radiology Partners, Inc. | 2024 | |
| Radiology Partners, Inc. 401(k) Profit Sharing Plan Radiology Partners Inc | 2024 | |
| Simply Orthodontics 401(k) Retirement Plan Simply Dental Management, Inc. | 2024 |
People (23)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Stacy Alan Auman | Director | CFA | Jul 2015 (11y) | Less than 5% |
| Spieler, Kurtis, Deene | Director | May 2021 (5y) | Less than 5% | |
| Craig Michael Sall | Director | CFA | Sep 2022 (4y) | Less than 5% |
| Moore, Albert, Ashok | Chief Compliance Officer | Jan 2024 (3y) | Less than 5% | |
| Mark Palmesano | Registered representative | Jun 2022 (4y) | ||
| Richard Alvin Engelmann | Registered representative | Jul 2022 (4y) | ||
| Anthony Ryan Essay | Registered representative | Aug 2022 (4y) | ||
| Todd Charles Silliman | Registered representative | Aug 2022 (4y) | ||
| Laura Beth O'connor | Registered representative | Aug 2022 (4y) | ||
| Alissa Leigh Dehl | Registered representative | Sep 2022 (4y) | ||
| Andrew Virgil Frahm | Registered representative | CFP CFA | Oct 2022 (4y) | |
| Christie Hoffer | Registered representative | CFA | Jan 2023 (4y) | |
| Scott Summers | Registered representative | CFA | Jan 2023 (4y) | |
| Michelle L Smithberg | Registered representative | CFP | Apr 2023 (3y) | |
| Reyn Goro Watanabe | Registered representative | Dec 2024 (2y) | ||
| Brett Michael Badalucco | Registered representative | Mar 2025 (1y) | ||
| Thomas Scott Woodward | Registered representative | CFP | Oct 2025 (1y) | |
| Maxwell Thomas Behnfield | Registered representative | Nov 2025 (1y) | ||
| Daniel Edward Witt | Registered representative | Dec 2025 (1y) | ||
| Todd Jarrad Seawall | Registered representative | CFA | Mar 2026 (0y) | |
| David Harold Craft | Registered representative | CFA | Mar 2026 (0y) | |
| Shruthi Manjunath | Registered representative | CFA | Apr 2026 (0y) | |
| Diana Marie Whitman | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| First National Bank Of Omaha | Member | Jul 2015 | A | 75% or more |
| First National Of Nebraska, Inc. | Shareholder Common | Jan 1969 | B | ≈ 56.25% – 100% via First National Bank Of Omaha |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- First National Of Nebraska, Inc.: 75% – 100% of First National Bank Of Omaha × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (9)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Nhd Nonunion Retirement Savings Plan | New Hampshire Distributors, Llc | 117 | $22.5M | 01/01/2024 |
| The 401(k) Plan For Permanente Medical Groups | Southern California Permanente Medical Group | 18,579 | $6.5B | 01/01/2024 |
| Boston Semi Equipment Llc 401 K Profit Sharing Plan And Trust | Boston Semi Equipment Llc | 57 | $8.1M | 01/01/2024 |
| Ceres 403(b) Dc Plan | Ceres, Inc. | 177 | $28.0M | 01/01/2024 |
| Teufelberger Retirement Savings Plan | Teufelberger Fiber Rope Corporation | 182 | $12.3M | 01/01/2024 |
| Centerline Communications Llc 401(k) Profit Sharing Plan And Trust | Centerline Communications Llc | 1,121 | $59.8M | 01/01/2024 |
| Radiology Partners, Inc. Partner Plan | Radiology Partners, Inc. | 1,428 | $1.0B | 01/01/2024 |
| Radiology Partners, Inc. 401(k) Profit Sharing Plan | Radiology Partners Inc | 4,389 | $412M | 01/01/2024 |
| Simply Orthodontics 401(k) Retirement Plan | Simply Dental Management, Inc. | 349 | $6.5M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/16/2026 | 1.38 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE OCC ALLEGED THAT FNBO ENGAGED IN UNFAIR BILLING PRACTICES WITH REGARD TO IDENTITY PROTECTION PRODUCTS OFFERED IN THE CREDIT CARD DIVISION THAT RESULTED IN VIOLATIONS OF SECTION 5 OF THE FEDERAL TRADE COMMISSION ACT. Status: Final Sanction Detail: NONE Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS HIGHLIGHTED ABOVE IN ITEM 7, FNBO AGREED TO SANCTIONS IMPOSED AS DESCRIBED ABOVE IN ITEM 12.
Allegations: THE CFPB ALLEGED THAT FNBO ENGAGED IN UNFAIR BILLING AND ENROLLMENT PRACTICES WITH RESPECT TO DEBT CANCELLATION AND CREDIT MONITORING PRODUCTS THAT RESULTED IN VIOLATIONS OF SECTION 1031 AND 1036 OF THE CONSUMER FINANCIAL PROTECTION ACT OF 2010. Status: Final Sanction Detail: NONE Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS HIGHLIGHTED ABOVE IN ITEM 7, FNBO AGREED TO SANCTIONS IMPOSED AS DESCRIBED ABOVE IN ITEM 12.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- First National Bank Of Omaha $5.0B (67% of AUM) Jun 2026
- Raymond James $1.7B (23% of AUM) Jun 2026
- Fnz Trust Company $181M (2% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 16, 2026.
View current Form ADV (SEC/IAPD) ↗