Frontier Wealth Management, a private wealth advisory with offices in Colorado, Missouri and Kansas, has acquired Karstens Investment Counsel, a registered investment advisor in Omaha, Neb., with $200 million in assets under management and $500 million in assets under administration.
Details of the merger were not disclosed.
The deal provides growth opportunities for Frontier and adds industry professionals who specialize in certain areas of financial well-being. Meanwhile, Karstens’ clients will now have access to risk assessment, tax planning and preparation, and investment management services.
“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,” said Mike Karstens, Karstens’ president. “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.”