Nichols Asset Management LLC (Sudbury)

Name: Nichols Asset Management LLC
Address: 27 Virginia Ridge Rd, Sudbury, MA, 01776
Telephone: 978-440-8741

Nichols Asset Management LLC is a large advisory firm based in Sudbury. It manages $150.41 million of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Massachusetts and Texas.

Nichols Asset Management provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nichols Asset Management: assets under management

The assets under management (AUM) of Nichols Asset Management LLC is $150.41 million. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $93.22 million in discretionary accounts and $57.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.52 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $57.19 million.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is other assets, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nichols Asset Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nichols Asset Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Nichols Asset Management is high net worth individuals with 10 clients and $143.13 million of assets under management. Among the 9 most similar advisory firms, Nichols Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150.41 million for 15 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Nichols Asset Management doesn't advise any private funds.

Careers at Nichols Asset Management LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Nichols	Chief investment officer, member	1 Jun 1995	25% - 50%	4375546
Patricia Macguire Nichols	Chief compliance officer, member	1 Jun 1995	50% - 75%	1198932
Christopher Ray Ely	Member	1 Aug 2005	Other	2504796
Roland William Gillis	Member	1 Aug 2005	Other	2504798
David Laird Smith	Member	1 Mar 2007	Other	2606288

Based in Sudbury

The principal office where Nichols Asset Management LLC performs its advisory services is located at 27 Virginia Ridge Rd, Sudbury, MA 01776, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-440-8741 or by fax 978-440-8754. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at nicholsassetmgmt.com.