DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
First National Advisers, LLC
Latest filing Jun 16, 2026
First filing on the tape Jul 21, 2015 · 32 filings
SEC status approved since Aug 7, 2015
RAUM
$7.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
23%
$1.7B individuals and HNW
Advisors
29
registered through the firm on IAPD
RAUM per advisor
$254M
derived; firm RAUM over IAPD count
Employees
35
20 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$7.4B as of Jun 16, 2026
Mar 29, 2016$137M then
HNW client RAUM$1.4B as of Jun 16, 2026
Mar 29, 2018$3.4M then
State-registered IARs (5.B.3)19 as of Jun 16, 2026
Mar 29, 20160 then
Employees (5.A)35 as of Jun 16, 2026
Mar 29, 20164 then
Private funds: no history
RAUM +12% over the last fiscal year+45% a year over threeIARs 17 to 19offices 3 to 4
Practice profile
derived from the filing of Jun 16, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- RAUM per advisor
- $254MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 38derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.6MderivedHNW RAUM over HNW clients
- Average account
- $1.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 5.8derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +12%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.8%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
- Custody
- $6.4B, 275 clientsreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Banks and thrifts$5.1B70%
- High-net-worth individuals$1.4B19%
- Investment companies$527M7.2%
- Individuals$243M3.3%
- Corporations and businesses$23.6M0.3%
- Charitable organizations$3.4M0.0%
- Individual clients
- 797reported
- HNW clients
- 315reported
- Pension plan clients
- 0reported
- Charitable clients
- 4reported
- Accounts
- 3,823reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $6.4B for 275 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.23 fund_share=0.07 institutional_share=0.0 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
29 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Palmesano | Omaha, Ne | Jun 24, 2022 | 29 y | 0 |
| Richard Alvin Engelmann | Omaha, Ne | Jul 8, 2022 | 10 y | 0 |
| Anthony Ryan Essay | Omaha, Ne | Aug 24, 2022 | 16 y | 0 |
| Todd Charles Silliman | Fort Collins, Co | Aug 25, 2022 | 29 y | 4 |
| Laura Beth O'Connor | Omaha, Ne | Aug 26, 2022 | 24 y | 5 |
| Alissa Leigh Dehl | Omaha, Ne | Sep 29, 2022 | 15 y | 0 |
| Stacy Alan AumanChartered Financial Analyst | Omaha, Ne | Sep 30, 2022 | 25 y | 0 |
| Andrew Virgil FrahmCertified Financial Planner, Chartered Financial Analyst | Omaha, Ne | Oct 11, 2022 | 12 y | 0 |
| Craig Michael SallChartered Financial Analyst | Omaha, Ne | Jan 10, 2023 | 16 y | 5 |
| Christie HofferChartered Financial Analyst | Fort Collins, Co | Jan 12, 2023 | 36 y | 0 |
| Scott SummersChartered Financial Analyst | Omaha, Ne | Jan 24, 2023 | 10 y | 0 |
| Michelle L SmithbergCertified Financial Planner | Omaha, Ne | Apr 25, 2023 | 30 y | 0 |
| Reyn Goro Watanabe | Omaha, Ne | Dec 2, 2024 | 10 y | 1 |
| Brett Michael Badalucco | Omaha, Ne | Mar 12, 2025 | 18 y | 2 |
| Thomas Scott WoodwardCertified Financial Planner | Overland Park, Ks | Oct 30, 2025 | 23 y | 4 |
| Maxwell Thomas Behnfield | Boulder, Co | Nov 25, 2025 | 18 y | 6 |
| Daniel Edward Witt | Omaha, Ne | Dec 16, 2025 | 11 y | 0 |
| Todd Jarrad SeawallChartered Financial Analyst | Omaha, Ne | Mar 6, 2026 | 26 y | 0 |
| David Harold CraftChartered Financial Analyst | Omaha, Ne | Mar 9, 2026 | 29 y | 0 |
| Shruthi ManjunathChartered Financial Analyst | Omaha, Ne | Apr 1, 2026 | 24 y | 0 |
| Diana Marie Whitman | Omaha, Ne | Jun 12, 2026 | 22 y | 0 |
| Philip MichaudCertified Financial Planner | Kansas City, Mo | Jul 28, 2026 | 19 y | 1 |
| Andrew Brandt BradshawCertified Financial Planner | Kansas City, Mo | Jul 29, 2026 | 12 y | 2 |
| Frank Charles MaggiorottoCertified Financial Planner, Chartered Financial Analyst | Omaha, Ne | Jul 29, 2026 | 42 y | 1 |
| Steven Paul AndersonCertified Financial Planner | Kansas City, Mo | Jul 29, 2026 | 12 y | 3 |
| Robert Ryan SelfCertified Financial Planner | Kansas City, Mo | Aug 3, 2026 | 13 y | 3 |
| Dakota McmahonChartered Financial Analyst | Kansas City, Mo | Aug 3, 2026 | 11 y | 0 |
| John Carl SmithChartered Financial Analyst | Omaha, Ne | Aug 3, 2026 | 31 y | 6 |
| Michael David Smith | Omaha, Ne | Aug 4, 2026 | 12 y | 1 |
Advisor movement
0 left, 9 joined in 12 months
net +9 in 12 months0 left in 90 days7 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Eric Alaniz to Charles Schwab & Co., Inc.Mar 26, 2024 · Other
- Matthew Allen Veenker to Raymond James Financial Services Advisors, IncNov 10, 2023 · Other
Joined, latest
- Michael David Smith from Bancwest Investment Services, Inc. (Bwis)Aug 4, 2026 · Affiliated broker-dealer or bank to independent RIA
- John Carl Smith from Cwm, LLCAug 3, 2026 · Affiliated broker-dealer or bank to independent RIA
- Robert Ryan Self from Wells Fargo AdvisorsAug 3, 2026 · Wirehouse to independent RIA
- Andrew Brandt Bradshaw from Tower Wealth ManagersJul 29, 2026 · Other
- Steven Paul Anderson from Umb Private Wealth Management, LLCJul 29, 2026 · Other
- Frank Charles Maggiorotto from Tower Wealth ManagersJul 29, 2026 · Other
- Philip Michaud from Umb Private Wealth Management, LLCJul 28, 2026 · Other
- Maxwell Thomas Behnfield from Morgan StanleyNov 25, 2025 · Wirehouse to independent RIA
- Thomas Scott Woodward from Umb Financial Services, Inc.Oct 30, 2025 · RIA to RIA
- Brett Michael Badalucco from Bancwest Investment Services, Inc. (Bwis)Mar 12, 2025 · Other
- Reyn Goro Watanabe from Cwm, LLCDec 2, 2024 · Other
- Craig Michael Sall from Raymond James Financial Services Advisors, IncJan 10, 2023 · Affiliated broker-dealer or bank to independent RIA
- Matthew Allen Veenker from Raymond James Financial Services Advisors, IncJan 5, 2023 · Affiliated broker-dealer or bank to independent RIA
- Laura Beth O'Connor from Raymond James Financial Services Advisors, IncAug 26, 2022 · Affiliated broker-dealer or bank to independent RIA
- Todd Charles Silliman from Northwest Wealth Management, LLCAug 25, 2022 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Umb Private Wealth Management, LLCJun 1, 2026 · Kansas City, Mo
- 2 joined from Bancwest Investment Services, Inc. (Bwis)Aug 24, 2023 · Omaha, Ne
- 2 joined from Raymond James Financial Services Advisors, IncApr 20, 2022 · Omaha, Ne
- 2 joined from Tower Wealth ManagersDec 31, 2021 · Kansas City, Mo
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Alan Stacy Auman · Directorcontrolsince 07/2015 · owns less than 5%
- Michael Brett Badalucco · Chief Compliance Officercontrolsince 06/2026 · owns less than 5%
- Ashok Albert Moore · Chief Compliance Officercontrolsince 01/2024 · owns less than 5%
- Beth Laura O'Connor · Officercontrolsince 06/2026 · owns less than 5%
- Michael Craig Sall · Directorcontrolsince 09/2022 · owns less than 5%
- Deene Kurtis Spieler · Directorcontrolsince 05/2021 · owns less than 5%
- Burroughs Jeffrey Thompson · Officercontrolsince 06/2026 · owns less than 5%
- Russel John Vanneman · Chief Investment Officercontrolsince 02/2026 · owns less than 5%
Entity owners
- First National Bank Of Omaha · Memberdirect · owns 75% or more
- First National Of Nebraska, Inc. · Shareholder - Commonindirect · owns 75% or more of First National Bank Of Omaha
Related persons
Schedule D 7.A
- First National Bank Of Omahacustodiany
- Fnn Trust Company, LLCcustodiann
- Northland Asset Managementbroker-dealerinvestment advisernRAUM $405M
- Tributary Capital Management, LLCinvestment advisernRAUM $1.9B
Advisers that list First National Advisers, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Omaha, Ne · principal | 28 | 14 | 0 | ||
| Kansas City, Mo | 6 | 6 | 0 | ||
| Fort Collins, Co | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Fort Collins, CO8 employees
- Greeley, CO6 employees
- Lincoln, NE1 employees
ADV anomalies
9 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jun 16, 2026MOORE, ALBERT, ASHOK (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026VANNEMAN, JOHN, RUSSEL (CHIEF INVESTMENT OFFICER) appeared on Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026THOMPSON, JEFFREY, BURROUGHS (OFFICER) appeared on Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026BADALUCCO, BRETT, MICHAEL (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026O'CONNOR, LAURA, BETH (OFFICER) appeared on Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026SALL, CRAIG, MICHAEL (DIRECTOR) left Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026AUMAN, STACY, ALAN (DIRECTOR) left Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jun 16, 2026SPIELER, KURTIS, DEENE (DIRECTOR) left Schedule A between the filings of 2024-01-17 and 2026-06-16peers: independent wealth managers, $5B to $20B (289)
- account count surgeChange between filings · filing Mar 19, 2026accounts (Item 5.F.2.f) moved from 1,221.0 to 3,823.0 (+213.0%) between the annual amendments of 2025-04-09 and 2026-03-19; the peer median change was +8.0% (253 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $5B to $20B (253) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 1,221 to 3,823Oct 21, 2025 to Mar 19, 2026
- Advisory employees · 28 to 20Oct 21, 2025 to Mar 19, 2026
- Charity clients · 5 to 4Oct 21, 2025 to Mar 19, 2026
- Corporate clients · 34 to 28Oct 21, 2025 to Mar 19, 2026
- HNW clients · 312 to 315Oct 21, 2025 to Mar 19, 2026
- Individual clients · 868 to 797Oct 21, 2025 to Mar 19, 2026
- Assets in custody · $5.6B to $6.4BOct 21, 2025 to Mar 19, 2026
- Employees · 37 to 35Oct 21, 2025 to Mar 19, 2026
- State-registered IARs · 17 to 19Oct 21, 2025 to Mar 19, 2026
- Other offices · 3 to 4Oct 21, 2025 to Mar 19, 2026
- Discretionary RAUM · $6.6B to $7.4BOct 21, 2025 to Mar 19, 2026
- HNW RAUM · $1.3B to $1.4BOct 21, 2025 to Mar 19, 2026
- Individual RAUM · $232M to $243MOct 21, 2025 to Mar 19, 2026
- RAUM · $6.6B to $7.4BOct 21, 2025 to Mar 19, 2026
- Accounts · 4,052 to 1,221Mar 28, 2024 to Apr 9, 2025
- Advisory employees · 31 to 28Mar 28, 2024 to Apr 9, 2025
- Charity clients · unset to 5.0Mar 28, 2024 to Apr 9, 2025
- Corporate clients · 28 to 34Mar 28, 2024 to Apr 9, 2025
- HNW clients · 249 to 312Mar 28, 2024 to Apr 9, 2025
- Individual clients · 1,007 to 868Mar 28, 2024 to Apr 9, 2025
- Assets in custody · $5.6B to $5.6BMar 28, 2024 to Apr 9, 2025
- Financial planning clients · unset to Mar 28, 2024 to Apr 9, 2025
- Discretionary RAUM · $6.2B to $6.6BMar 28, 2024 to Apr 9, 2025
- HNW RAUM · $813M to $1.3BMar 28, 2024 to Apr 9, 2025
- Individual RAUM · $245M to $232MMar 28, 2024 to Apr 9, 2025
- RAUM · $6.2B to $6.6BMar 28, 2024 to Apr 9, 2025
- Accounts · 1,794 to 4,052Feb 15, 2024 to Mar 28, 2024
- Charity clients · 1.0 to unsetFeb 15, 2024 to Mar 28, 2024
- HNW clients · 127 to 249Feb 15, 2024 to Mar 28, 2024
- Individual clients · 1,141 to 1,007Feb 15, 2024 to Mar 28, 2024
- Assets in custody · $8.6M to $5.6BFeb 15, 2024 to Mar 28, 2024
- Other offices · 4 to 3Feb 15, 2024 to Mar 28, 2024
- Discretionary RAUM · $2.4B to $6.2BFeb 15, 2024 to Mar 28, 2024
- HNW RAUM · $172M to $813MFeb 15, 2024 to Mar 28, 2024
- Individual RAUM · $221M to $245MFeb 15, 2024 to Mar 28, 2024
- RAUM · $2.4B to $6.2BFeb 15, 2024 to Mar 28, 2024
- Accounts · 1,452 to 1,794Mar 16, 2023 to Mar 29, 2023
- Advisory employees · 23 to 31Mar 16, 2023 to Mar 29, 2023
- Corporate clients · 14 to 28Mar 16, 2023 to Mar 29, 2023
- HNW clients · 104 to 127Mar 16, 2023 to Mar 29, 2023
Signals
18 dated events
- 2 advisors left Umb Private Wealth Management, LLC (Kansas City, MO) for First National Advisers, LLC on the same dayJun 1, 2026 · Team lift-out · derived
- First National Advisers, Llc reported RAUM $6.2B, up 158% from $2.4B (2024-02-15 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Eric Alaniz left First National Advisers, Llc for Charles Schwab & Co., Inc. (registered 2025-05-10)Mar 26, 2024 · Advisor changed firm · fact
- Ashok Albert Moore (Chief Compliance Officer) appeared on Schedule A of First National Advisers, LlcJan 17, 2024 · Control person joined · fact
- Eric Lorenzo Alaniz (Chief Compliance Officer) no longer on Schedule A of First National Advisers, Llc (listed 2024-01-10, absent 2024-01-17)Jan 17, 2024 · Control person left · inference
- Matthew Allen Veenker left First National Advisers, Llc for Raymond James Financial Services Advisors, Inc (registered 2023-11-13)Nov 10, 2023 · Advisor changed firm · fact
- 2 advisors left Bancwest Investment Services, Inc. (Bwis) (Omaha, NE) for First National Advisers, LLC on the same dayAug 24, 2023 · Team lift-out · derived
- First National Advisers, Llc reported RAUM $2.4B, up 126% from $1.1B (2023-03-16 to 2023-03-29)Mar 29, 2023 · RAUM change · derived
- Michael Craig Sall (Director) appeared on Schedule A of First National Advisers, LlcSep 19, 2022 · Control person joined · fact
- 2 advisors left Raymond James Financial Services Advisors, Inc (Omaha, NE) for First National Advisers, LLC on the same dayApr 20, 2022 · Team lift-out · derived
- First National Advisers, Llc reported RAUM $1.1B, up 465% from $189.3M (2021-08-26 to 2022-03-23)Mar 23, 2022 · RAUM change · derived
- Henry Charles Richter (Chief Compliance Officer) no longer on Schedule A of First National Advisers, Llc (listed 2021-08-26, absent 2022-03-23)Mar 23, 2022 · Control person left · inference
- Eric Lorenzo Alaniz (Chief Compliance Officer) appeared on Schedule A of First National Advisers, LlcMar 23, 2022 · Control person joined · fact
- Alvin Richard Engelmann (Portfolio Manager) no longer on Schedule A of First National Advisers, Llc (listed 2021-02-26, absent 2021-05-28)May 28, 2021 · Control person left · inference
- Deene Kurtis Spieler (Director) appeared on Schedule A of First National Advisers, LlcMay 28, 2021 · Control person joined · fact
- Joseph Thomas Somelofske (Chief Compliance Officer) no longer on Schedule A of First National Advisers, Llc (listed 2018-03-29, absent 2019-01-31)Jan 31, 2019 · Control person left · inference
- Henry Charles Richter (Chief Compliance Officer) appeared on Schedule A of First National Advisers, LlcJan 31, 2019 · Control person joined · fact
- First National Advisers, Llc filed its initial SEC registration (Form ADV)Jul 21, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- awatkins@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- cmaggiorotto@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- cvansickle@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- darciejones@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- erinsmith@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- gsmith@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- melissalewis@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- nmarasco@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- nphillips@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- privatewealthreserve@fnbo.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 303-938-3186reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 303-938-6186reportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $254Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026