{"url":"https://nivawealth.com/firms/donald-w-nicholson-and-associates-107054","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107054","regulatoryAum":171236167,"crd":"107054","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5866720","suffix":"SR.","lastName":"CAFFREY","firstName":"THOMAS","middleName":"PATRICK"},{"crd":"1024239","suffix":null,"lastName":"NICHOLSON","firstName":"DONALD","middleName":"WILLIAM"},{"crd":"2572843","suffix":"JR","lastName":"NICHOLSON","firstName":"DONALD","middleName":"WILLIAM"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-01","regulatoryAum":197116978,"clients":163,"employees":4,"offices":1},{"filedOn":"2022-04-04","regulatoryAum":209008848,"clients":258,"employees":6,"offices":1},{"filedOn":"2023-04-04","regulatoryAum":164947386,"clients":165,"employees":5,"offices":2},{"filedOn":"2024-04-08","regulatoryAum":178257195,"clients":143,"employees":5,"offices":2},{"filedOn":"2025-05-05","regulatoryAum":171343129,"clients":172,"employees":6,"offices":2},{"filedOn":"2026-04-01","regulatoryAum":171236167,"clients":156,"employees":5,"offices":1}],"secFileNumber":"801-56986","legalName":"Donald W. Nicholson & Associates LTD","displayName":"Donald W. Nicholson & Associates","slug":"donald-w-nicholson-and-associates-107054","website":"https://nicholson-associates.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/donald-w-nicholson-&-associates-ltd-","xUrl":"https://twitter.com/donaldwnichols2","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"1403 Silverside RD, Ste B","city":"Wilmington","state":"DE","stateName":"Delaware","country":"United States","postalCode":"19810"},"tradeNames":[],"registration":{"secApproved":"26 November 1999","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1086519.935897436,"staff":{"employees":5,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":171236167,"discretionary":115929158,"discretionaryAccounts":217,"nonDiscretionary":55307009,"nonDiscretionaryAccounts":137,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":106,"regulatoryAum":42230026},{"label":"High-net-worth individuals","clients":50,"regulatoryAum":127267084},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":1739057}],"feePrograms":[{"role":"main","program":"Asset Management Services","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1.25,"from":0},{"to":2000000,"pct":1,"from":500000},{"to":4000000,"pct":0.8,"from":2000000},{"to":null,"pct":0.6,"from":4000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033434","versionId":1033434,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-30","documentName":"FORM ADV PART 2A","fee_rate_low":0.6,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning services","summary":"Comprehensive plans are quoted in advance at up to $300 an hour or as a fixed fee or retainer not to exceed $25,000; limited plans are billed on completion at up to $300 an hour or a fixed fee.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033434","versionId":1033434,"submittedOn":"2026-03-30","documentName":"FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:54:26.673142+00:00","documents":[{"name":"FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033434","versionId":1033434,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":171236167}],"custodyNote":"Donald W. Nicholson & Associates does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Donald Nicholson","title":"President/Director","crd":"1024239"},{"name":"Donald Nicholson","title":"Chief Compliance Officer","crd":"2572843"},{"name":"Mary Nicholson","title":"Secretary/Treasurer/Director","crd":"4379962"}],"ownership":[{"label":"Donald Nicholson","detail":"President/director in the 75% or more ownership band and a control person, since November 1987."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Delaware","offices":1,"addresses":[{"street":"1403 Silverside RD, Ste B","city":"Wilmington","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"302-529-1500","stateRegisteredReps":3,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Publication of periodicals or newsletters"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":80},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":8},{"label":"Other","percent":3,"detail":"CDS and Variable Annuities; Small Amounts of Investment Grade Corporate Bonds. U.S. Government/Agency Bonds; Non-Exchange Traded Equities;us State and Local Bonds."}],"privateFunds":0},"sources":{"adv1FilingDate":"1 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107054/PDF/107054.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033434","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Donald W. Nicholson & Associates have?","answer":"Donald W. Nicholson & Associates has 156 clients and manages $171 million for them, as of April 2026. They include 106 individual clients and 50 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Donald W. Nicholson & Associates offer?","answer":"Donald W. Nicholson & Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and publishing newsletters.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Donald W. Nicholson & Associates charge?","answer":"Donald W. Nicholson & Associates charges 0.60%–1.25% a year for its Asset Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.","source":"FORM ADV PART 2A, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Donald W. Nicholson & Associates use?","answer":"Donald W. Nicholson & Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $171M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Donald W. Nicholson & Associates have?","answer":"Donald W. Nicholson & Associates has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Donald W. Nicholson & Associates invest in?","answer":"At the end of its last fiscal year, Donald W. Nicholson & Associates’ separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 8% cash and equivalents, 3% other and 1% pooled vehicles (private funds and similar). The 3% other category is described as: CDS and Variable Annuities; Small Amounts of Investment Grade Corporate Bonds. U.S. Government/Agency Bonds; Non-Exchange Traded Equities;us State and Local Bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Donald W. Nicholson & Associates?","answer":"Donald W. Nicholson & Associates’ direct owner is Donald Nicholson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 1 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Donald W. Nicholson & Associates get paid?","answer":"Donald W. Nicholson & Associates is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Donald W. Nicholson & Associates?","answer":"Donald W. Nicholson & Associates’ main office is at 1403 Silverside RD, Ste B, Wilmington, DE 19810. Its phone number is 302-529-1500. Its website is nicholson-associates.com.","source":"Form ADV Part 1A, Item 1.F, filed 1 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}