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Frontier Wealth Management Acquires Karstens Investment Counsel and Expands Footprint to Omaha

frontier wealth management

For Immediate Release
May 7, 2020

OMAHA, Neb., AND KANSAS CITY, Mo. — Karstens Investment Counsel (Omaha, Neb.) has joined Frontier Wealth Management making it the firm’s first Omaha area location. Karstens joined Frontier on April 1, 2020.

Nick Blasi, Chief Executive Officer of Frontier Wealth Management, and Karstens’ President, Mike Karstens, agreed to the transaction in December 2019.

“We are very excited to welcome Mike and the entire team to Frontier. Karstens’ approach to comprehensive financial wellness closely mirrors our own, and the combined experience of both teams has already helped us better serve our clients during this challenging environment,” said Blasi.

Karstens adds an additional $200 million in assets under management and $500 million in assets under administration to Frontier.

“Joining Frontier provides greater support, better technology, and a solid foundation and future for my team, which will free me up to spend more time with my clients,” explained Karstens. “The two firms’ missions are very similar. We feel strongly that this will benefit all involved and are excited to expand Frontier’s Corporate Retirement Division.”

Clients of the former Karstens Investment Counsel firm now have access to expanded in-house services provided by Frontier, including risk assessment, tax planning and preparation, and investment management. The acquisition adds new growth opportunities for Frontier, as well as professional capabilities to its bench of specialists — a diverse group of industry professionals who focus on specific areas of financial well-being.

“Mike has done a great job building a successful company and has a fantastic depth of experience on his team, especially in the Corporate Retirement Space,” Blasi said. “We are looking forward to further integrating their strengths with ours and learning more about how to better serve our clients across all our channels. This is truly a win-win situation in time when we all need a win!”

The commentary is limited to the dissemination of general information pertaining to Frontier Wealth Management, LLC’s (“Frontier”) investment advisory services. This information should not be used or construed as an offer to sell, a solicitation of an offer to buy or a recommendation for any security, market sector or investment strategy. There is no guarantee that the information supplied is accurate or complete. Frontier is not responsible for any errors or omissions, and provides no warranties with regards to the results obtained from the use of the information. Nothing in this document is intended to provide any legal, accounting or tax advice and Frontier does not provide such advice. This information is subject to change without notice and should not be construed as a recommendation or investment advice. You should consult an attorney, accountant or tax professional regarding your specific legal or tax situation.