First National Advisers, LLC

First National Advisers, LLC, founded in July 2015, is a subsidiary of First National Bank of Omaha, providing investment advisory services under the name Private Wealth Reserve (PWR). The firm manages $6.6 billion in discretionary assets for individuals and institutional investors. Services include investment management support for affiliated entities, investment company sub-advisor services, and managed mutual funds and individual equities portfolios. Private Wealth Reserve offers holistic planning, estate planning, asset protection, and family office services. Fees are charged based on assets under management, with rates ranging from 0.50% to 1.15%. The firm acts as an ERISA fiduciary, adhering to the Impartial Conduct Standards. Clients have investment discretion, allowing FNA to make decisions without specific consent. FNA does not typically vote on proxies for "unmanaged" assets but may do so for Private Wealth Reserve clients. The firm mitigates conflicts of interest by utilizing the same selection criteria for all funds and engaging in cross trades when beneficial. FNA does not charge performance-based fees and has no reportable disciplinary events. Clients are subject to additional fees and expenses beyond management fees. The firm's financial condition is deemed sufficient to meet contractual commitments.