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 Nebraska Financial Services
Legal name First Nebraska Advisory LLC
Latest filing Sep 2, 2026
First filing on the tape Jan 9, 2019 · 18 filings
SEC status approved since Feb 12, 2019
RAUM
$458M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
95%
$435M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$153M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$458M as of Mar 11, 2026
Feb 26, 2020$215M then
HNW client RAUM$282M as of Mar 11, 2026
Feb 26, 2020$125M then
State-registered IARs (5.B.3)3 as of Mar 11, 2026
Feb 26, 20203 then
Employees (5.A)7 as of Mar 11, 2026
Feb 26, 20203 then
Private funds: no history
RAUM +11% over the last fiscal year+16% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Sep 2, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $153MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 154derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $469,257derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 5.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.8%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$282M61%
- Individuals$153M33%
- Pension and profit-sharing plans$18.7M4.1%
- Charitable organizations$4.6M1.0%
- Individual clients
- 378reported
- HNW clients
- 85reported
- Pension plan clients
- 11reported
- Charitable clients
- n/areported
- Accounts
- 976reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Darrel Clarence Smith | North Platte, Ne | Apr 5, 2019 | 44 y | 0 |
| John Warren Smith | North Platte, Ne | Apr 5, 2019 | 45 y | 0 |
| Mitchell Donovan Smith | North Platte, Ne | Sep 13, 2019 | 17 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Clarence Darrel Smith · President, Ceo & Chief Compliance Officercontrolsince 09/2018 · owns less than 5%
- Warren John Smith · Vice Presidentcontrolsince 09/2018 · owns less than 5%
- Clarence Darrel Smith · Shareholdercontrolsince 07/1987 · owns 25% to 50% of First Nebraska Financial Services Inc.
- Warren John Smith · Shareholdercontrolsince 07/1987 · owns 50% to 75% of First Nebraska Financial Services Inc.
Entity owners
- First Nebraska Financial Services Inc. · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| North Platte, Ne · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Sep 2, 2026discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
- very high RAUM per advisorStatic outlier · filing Sep 2, 2026RAUM per registered advisor of $152,665,023 against a peer median of $55,716,044 (3252 comparable advisers, 99.0th percentile, 3.4 robust deviations)peers: independent wealth managers, $100M to $500M (3,252) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 251-500 to 251-500Mar 11, 2026 to Sep 2, 2026
- Succession · false to unsetMar 11, 2026 to Sep 2, 2026
- Accounts · 943 to 976Jul 22, 2025 to Mar 11, 2026
- HNW clients · 77 to 85Jul 22, 2025 to Mar 11, 2026
- Pension plan clients · 13 to 11Jul 22, 2025 to Mar 11, 2026
- Employees · 6 to 7Jul 22, 2025 to Mar 11, 2026
- HNW RAUM · $248M to $282MJul 22, 2025 to Mar 11, 2026
- Individual RAUM · $143M to $153MJul 22, 2025 to Mar 11, 2026
- Non-discretionary RAUM · $413M to $458MJul 22, 2025 to Mar 11, 2026
- Pension RAUM · $17.9M to $18.7MJul 22, 2025 to Mar 11, 2026
- RAUM · $413M to $458MJul 22, 2025 to Mar 11, 2026
- Financial planning clients · 251-500 to 251-500Mar 27, 2025 to Jul 22, 2025
- Accounts · 896 to 943Apr 10, 2024 to Mar 27, 2025
- HNW clients · 82 to 77Apr 10, 2024 to Mar 27, 2025
- Individual clients · 351 to 378Apr 10, 2024 to Mar 27, 2025
- Pension plan clients · 14 to 13Apr 10, 2024 to Mar 27, 2025
- Employees · 7 to 6Apr 10, 2024 to Mar 27, 2025
- HNW RAUM · $241M to $248MApr 10, 2024 to Mar 27, 2025
- Individual RAUM · $95.7M to $143MApr 10, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $358M to $413MApr 10, 2024 to Mar 27, 2025
- Pension RAUM · $17.0M to $17.9MApr 10, 2024 to Mar 27, 2025
- RAUM · $358M to $413MApr 10, 2024 to Mar 27, 2025
- Accounts · 758 to 896Nov 27, 2023 to Mar 5, 2024
- HNW clients · 79 to 82Nov 27, 2023 to Mar 5, 2024
- Individual clients · 357 to 351Nov 27, 2023 to Mar 5, 2024
- Pension plan clients · 13 to 14Nov 27, 2023 to Mar 5, 2024
- Employees · 5 to 7Nov 27, 2023 to Mar 5, 2024
- Financial planning clients · 101-250 to 251-500Nov 27, 2023 to Mar 5, 2024
- HNW RAUM · $192M to $241MNov 27, 2023 to Mar 5, 2024
- Individual RAUM · $87.9M to $95.7MNov 27, 2023 to Mar 5, 2024
- Non-discretionary RAUM · $297M to $358MNov 27, 2023 to Mar 5, 2024
- Pension RAUM · $13.3M to $17.0MNov 27, 2023 to Mar 5, 2024
- RAUM · $297M to $358MNov 27, 2023 to Mar 5, 2024
- Accounts · 680 to 758Feb 28, 2022 to Mar 3, 2023
- HNW clients · 57 to 79Feb 28, 2022 to Mar 3, 2023
- Individual clients · 304 to 357Feb 28, 2022 to Mar 3, 2023
- Pension plan clients · 11 to 13Feb 28, 2022 to Mar 3, 2023
- Employees · 3 to 5Feb 28, 2022 to Mar 3, 2023
- Financial planning clients · 251-500 to 101-250Feb 28, 2022 to Mar 3, 2023
- HNW RAUM · $171M to $192MFeb 28, 2022 to Mar 3, 2023
Signals
1 dated events
- First Nebraska Financial Services filed its initial SEC registration (Form ADV)Jan 9, 2019 · 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
- dcsmith@firstnebraskafinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- jwsmith@firstnebraskafinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 308-534-1322reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 308-534-0437reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 800-658-3210reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- firstnebraskafinancial.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (308) 534-1322reportedpublic record, Form ADV, Sep 2, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $153Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026