DFX Intelligence

Data Factory

RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

KARSTENS INVESTMENT COUNSEL, INC.

CRD 117977

OMAHA, NE

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:de303245-6333-5e8a-772a-7f62440e4775

Data as of Nov 14, 2019 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 6:33 PM UTC and rebuilt at most every 15 minutes.

Relationships: 10
Dated events: 0
On other graphs: 0
Observed: Mar 13, 2012 to Nov 14, 2019
20 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $239MItem 5.F on the latest filing (2019-11-14); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $171M
Private client RAUM: $235MderivedItem 5.D individuals plus high net worth individuals
Private client share: 98%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 8
Advisory employees: 5
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,056
Individual clients: 185
High net worth clients: 81
Custody, client assets: $3.6M
SEC number: 801-65213
CRD: 117977
Filings on the tape: 20
First filed: Mar 13, 2012
Latest filed: Nov 14, 2019
Organised: Corporation, Nebraska

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
KARSTENS, MICHAEL, DEAN	President	E	yes	05/1993	Mar 13, 2012	Nov 14, 2019
KAVAN, DEBORAH, LEA	Cco	Na	yes	01/2014	Mar 25, 2014	Nov 14, 2019

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2018	Mar 5, 2019	$239M	$171M	8	5	0	n/a	n/a
2017	Feb 27, 2018	$259M	$179M	10	6	0	n/a	n/a
2016	Feb 7, 2017	$234M	$154M	10	6	n/a	n/a	n/a
2015	Feb 11, 2016	$212M	$133M	7	4	n/a	n/a	n/a
2014	Feb 20, 2015	$708M	$128M	8	4	n/a	n/a	n/a
2013	Mar 17, 2014	$217M	$120M	8	4	n/a	n/a	n/a
2012	Feb 20, 2013	$544M	$107M	8	4	n/a	n/a	n/a
2011	Mar 13, 2012	$491M	$109M	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2018	$239M	$259M	-7.6%	$212M	4.2%	8	10	0	0

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
FRONTIER WEALTH MANAGEMENT, LLC	2	Mar 30, 2020	May 14, 2020	OMAHA, NE	Team lift out	RIA to RIA	100.0%

Relationships

Controls (2)

← KARSTENS, MICHAEL, DEANOwnerPRESIDENT, ownership code E, individual
Mar 13, 2012 to presentfactForm ADV
← KAVAN, DEBORAH, LEAOwnerCCO, ownership code NA, individual
Mar 25, 2014 to presentfactForm ADV

Moved with (1)

→ FRONTIER WEALTH MANAGEMENT, LLCRegistered adviser2 advisors, team lift out, same day
Mar 30, 2020 to May 14, 2020factForm ADV

Registered with (6)

← STEPHEN LEE OLAFSONAdvisorregistration: previous registration
Aug 21, 2009 to Mar 30, 2020factForm ADV
← DARREN C OBRECHTAdvisorregistration: previous registration
Jan 11, 2006 to Mar 30, 2020factForm ADV
← COREY ALEXANDER VOORMANAdvisorregistration: previous registration
Dec 8, 2016 to Sep 6, 2018factForm ADV
← Donald Scott BealAdvisorregistration: previous registration
Apr 8, 2013 to Dec 11, 2015factForm ADV
← JASON DEAN HILEYAdvisorregistration: previous registration
Jan 11, 2006 to Aug 6, 2012factForm ADV
← Stacie Lynn GiddingsAdvisorregistration: previous registration
Jan 11, 2006 to Jun 6, 2008factForm ADV

Dated events

No dated event names this entity yet.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:de303245-6333-5e8a-772a-7f62440e4775
First observed: Mar 13, 2012
Last observed: Nov 14, 2019 83 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

KARSTENS INVESTMENT COUNSEL, INC.

CRD 117977

OMAHA, NE

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:de303245-6333-5e8a-772a-7f62440e4775

Data as of Nov 14, 2019 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 6:33 PM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

KARSTENS, MICHAEL, DEAN

President

yes

05/1993

Mar 13, 2012

Nov 14, 2019

KAVAN, DEBORAH, LEA

Cco

yes

01/2014

Mar 25, 2014

Nov 14, 2019

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2018

Mar 5, 2019

$239M

$171M

n/a

2017

Feb 27, 2018

$259M

$179M

n/a

2016

Feb 7, 2017

$234M

$154M

n/a

2015

Feb 11, 2016

$212M

$133M

n/a

2014

Feb 20, 2015

$708M

$128M

n/a

2013

Mar 17, 2014

$217M

$120M

n/a

2012

Feb 20, 2013

$544M

$107M

n/a

2011

Mar 13, 2012

$491M

$109M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2018

$239M

$259M

-7.6%

$212M

4.2%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

FRONTIER WEALTH MANAGEMENT, LLC

Mar 30, 2020

May 14, 2020

OMAHA, NE

Team lift out

RIA to RIA

100.0%