Andy Frahm

As a Director of Investment Management, Andy values building long-term relationships by being a trusted resource for his clients.


Andy has over 23 years of investment management experience, and is responsible for managing investment portfolios for high net worth clients, institutions, foundations and endowments. He chairs the Asset Allocation Committee and also serves on the Manager Research and Alternative Asset Committees for the Investment Management Team.

Prior to joining the Wealth Management group at First National Bank, Andy served as Senior Investment Manager for Wells Fargo Private Bank, Bank of America Private Bank, and U.S. Bancorp Private Wealth Management.

Andy earned his Bachelor’s of Science degree in Business Administration as well as his Master’s of Business Administration degree with High Distinction and a Finance concentration through the University of Nebraska-Lincoln.

Andy holds the Chartered Financial Analyst® and CERTIFIED FINANCIAL PLANNER™ certifications and is part of several professional organizations including the CFA Institute, the CFA Society of Nebraska where he served as past-President and Board member, and the Financial Planning Association.


Andy is an active member of the Lincoln community through his involvement on the Board of Directors for the Lincoln Children’s Zoo, the Endowment Committee for the Lincoln Children’s Museum, music and retirement home ministries with Indian Hills Community Church, and a regular volunteer with the Nebraska Community Blood Bank. In his free time, Andy enjoys playing golf, rooting on the Huskers and spending time with his wife and four kids.

"I find joy in being able to use my expertise to help others achieve success in their financial lives."

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

“FNBO Wealth” is a brand name that refers to First National Bank of Omaha (“FNBO”) and certain of its affiliates and subsidiaries that provide or make available trust, investment, securities brokerage, investment advisory, banking, and related services.

Trust and related services are provided by FNBO, a national bank with trust powers.

Certain trust and related services are also provided by FNN Trust Company, a South Dakota state-chartered trust company and wholly-owned subsidiary of FNBO.  FNN Trust Company does not offer depository, lending, or other banking products, and is not FDIC insured.

“First Investments & Planning” refers to a division of FNBO that makes available third-party brokerage and investment advisory products and related services on bank premises.  Brokerage services are offered through Raymond James Financial Services, Inc. (“RJFS”), a registered broker-dealer.  Member FINRA/SIPC.  Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. (“RJFSA”), a registered investment adviser.  Insurance products are offered through RJFS, Raymond James Insurance Group, Inc. (“RJIG”), and their affiliates.  Registered representatives of RJFS and investment adviser representatives of RJFSA offer products and services using the name First Investments & Planning and may also be employees of FNBO.  These products and services are being offered through RJFS, RJFSA, RJIG, or their affiliates, which are separate entities from, and not affiliated with, FNBO or any of its subsidiaries or affiliates.  FNBO is not registered as a broker-dealer or investment adviser.

Certain investment advisory services are provided by First National Advisers, LLC (“FNA”), with certain services provided through FNA doing business as Private Wealth Reserve, an SEC-registered investment adviser and wholly-owned subsidiary of FNBO.  FNBO is not a registered investment adviser.

Deposit products, such as checking, savings, and money market accounts, and lending, credit, and related products are offered by FNBO.  Member FDIC.  Equal Housing Lender.

Only deposit products are FDIC insured.


FNBO, its affiliates, and subsidiaries do not provide legal or tax advice.