Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Performance-based Fees
- Other
Nicholas Wealth Management Overview
Nicholas Wealth Management is a registered investment advisory firm that offers investment advice only. With headquarters in Atlanta, GA, the firm has been in business since 2021. The fee arrangement is fee-only, ensuring that clients receive unbiased advice without any conflicts of interest. The firm offers a range of services, including financial planning, portfolio management for individuals and small businesses, selection of other advisors, and educational seminars and workshops. By providing a holistic financial planning approach, the firm aims to help clients achieve their financial goals and objectives efficiently. The portfolio management services that Nicholas Wealth Management offers is customized to each client's unique needs and preferences. The firm boasts of a team of experienced professionals who combine their expertise with modern technology to provide personalized investment strategies that align with clients' objectives. The firm's educational seminars and workshops are geared towards helping individuals and small businesses enhance their financial literacy. The topics covered range from retirement planning, investment strategies, debt management, and risk management. Overall, Nicholas Wealth Management's mission is to empower individuals and businesses to make informed financial decisions that position them for long-term financial success.
NICHOLAS WEALTH MANAGEMENT is a dynamic financial services firm that serves a diverse range of clients. Whether you're an individual seeking sound investment advice or a high net worth individual who requires bespoke financial solutions, NICHOLAS WEALTH MANAGEMENT has the expertise to deliver tailored services that meet your unique needs. With a deep understanding of the financial market, the firm provides insightful guidance to help clients navigate complex investment landscapes and achieve their long-term financial objectives. In terms of fee structures, NICHOLAS WEALTH MANAGEMENT offers a range of pricing models based on the service provided. Depending on your needs, you can choose from percentage of assets under management (AUM) pricing, hourly fees, performance-based fees, and other types of fees. This flexibility allows clients to select a pricing structure that works best for them and enables them to get value for money. Whether you're looking for ongoing financial management or a one-off consultation, NICHOLAS WEALTH MANAGEMENT offers transparent pricing that ensures you're only paying for the services you require. With its commitment to delivering exceptional client service and innovative financial solutions, NICHOLAS WEALTH MANAGEMENT is the ideal partner for achieving your financial goals.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Nicholas Wealth Management does not mention an investment minimum.
How This Office Can Help Atlanta, GA Residents
Nicholas Wealth Management is a leading financial advisory firm that specializes in providing comprehensive wealth management solutions to clients in Atlanta, GA. The firm's team of experienced financial advisors works closely with clients to understand their specific financial goals and objectives and develop a detailed financial plan to help them achieve those goals. For clients living in Atlanta, GA, Nicholas Wealth Management offers a range of financial planning services, including retirement planning, tax planning, estate planning, investment management, and risk management. Many Atlanta residents face unique financial challenges, such as high housing costs, high transportation costs, and a competitive job market. Nicholas Wealth Management works with clients to develop a personalized financial plan that takes these factors into account and helps them achieve financial security and stability. Whether it's investing for retirement, managing debt, or planning for the future, Nicholas Wealth Management's team of experts can help clients navigate the complex world of finance and achieve their financial goals.
Services Offered by Nicholas Wealth Management
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Nicholas Wealth Management most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Nicholas Wealth Management is registered to service clients in the following states:
- Florida
- Georgia
- Texas
Disciplinary History
Nicholas Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.