Nebraska Department of Banking and Finance (2024)

What is the difference between a broker-dealer and an investment adviser and which is right for you?

A broker-dealer is a firm or individual licensed to sell individual securities. Typically, a broker-dealer also files a notice of which securities it will sell. An investment adviser cannot sell securities but acts more like a consultant, giving advice on what securities a person should invest in.

In addition, a broker-dealer/agent is typically paid a commission based on each buy or sell transaction for a security. An investment adviser/representative is usually paid a fee for their advisory services or percentage of assets under management.

In many cases, a firm will register as a broker-dealer and an investment adviser, as the two industries typically work together. You may be charged fees for each service provided. In determining which would work best for you, it may be helpful to determine what you would like them to do. Do you wish to purchase securities and do your own research on investments? Or, do you want someone else to do the research and pass along their advice, letting you make your own securities purchases?

Nebraska Department of Banking and Finance (2024)

FAQs

What is the largest bank in Nebraska? ›

First National of Nebraska ranks as one of the 50 largest banks in the United States. There are locations in seven states and more than 6.6 million customers across the country. First National of Nebraska and its affiliates have more than $20 billion in managed assets and 4320 employees.

How many banks are there in Nebraska? ›

In Nebraska, there are about 335 state chartered banks (regulated by the state) and about 122 nationally chartered banks (regulated by the U.S. Comptroller of the Currency).

What are the oldest banks in Nebraska? ›

Nebraska's first bank was actually an insurance company, The Western Exchange Fire and Marine Insurance Company. In 1856, five new banks opened for business, the Bank of Florence (Omaha), the Fontenelle Bank (Bellevue), the Nemaha Valley Bank (Brownville), and the Platte Valley Bank (Nebraska City).

What is the largest bank in OMAHA? ›

With nearly 100 offices scattered throughout the city, First National Bank of Omaha stands as one of the largest banks around. And it's no surprise. First National Bank of Omaha offers some of the most versatile products we've analyzed. For starters, you can open a Free Checking account with any amount you'd like.

What bank is almost in every state? ›

Chase offers both the highest number of branches in the country and the most states with a branch location, per data from the Federal Reserve.

Is First National bank only in Nebraska? ›

It's been our recipe for success for more than 165 years. Since our inception, our holding company - First National of Nebraska - has grown to 5,000 employees with locations in eight states and over $30 billion in assets.

Which state has the most bank branches? ›

Uttar Pradesh has the highest number of commercial bank branches/offices and Sikkim has the least number of commercial bank branches/offices among states.

What types of banks are in Nebraska? ›

Those are: commercial banks; credit unions; savings banks or savings & loans; and trust companies.

How big is the First National bank of Nebraska? ›

Since our inception, our holding company - First National of Nebraska - has grown to 5,000 employees with locations in eight states and over $30 billion in assets.

How big is Erie bank? ›

Being a regional independent community bank in North Central Pennsylvania, we have over 500 employees who serve over 76,000 customers.

What is the biggest bank in the states? ›

JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.

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