Hicks & Associates Wealth Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Hicks & Associates Wealth Management reports 162 clients. They include 125 individual clients and 37 high-net-worth individuals. Nearly all assets ($120M across 568 accounts) are managed with discretion; $6.04K across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 77% | 36% |
| High-net-worth individuals | 23% | 64% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 125 | $43.6M | 36.5% | $349K |
| High-net-worth individuals | 37 | $76M | 63.5% | $2.05M |
| Total | 162 | $120M | 100% | $738K |
- Clients
- 125
- Regulatory AUM
- $43.6M
- AUM share
- 36.5%
- Avg. per client
- $349K
- Clients
- 37
- Regulatory AUM
- $76M
- AUM share
- 63.5%
- Avg. per client
- $2.05M
Total
- Clients
- 162
- Regulatory AUM
- $120M
- AUM share
- 100%
- Avg. per client
- $738K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Hicks & Associates Wealth Management charges 0.30%–2.00% a year for its Separately Managed Accounts. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Financial planning consulting is offered for a flat fee that varies with the services requested, generally 50% payable at engagement; an hourly rate of $500 applies to prorated fees on early termination.
Carman Hicks owns 75% or more of Hicks & Associates Wealth Management. Carman Hicks is CEO. It has 4 employees, 2 of them in advisory roles.
Leadership
- Carman HicksChief Executive Officer & Chief Compliance Officer & Member
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Hicks & Associates Wealth Management, LLC
Carman Hicks
Control person · since August 2022
Hicks & Associates Wealth Management’s regulatory assets grew from $102M (June 2023) to $120M (February 2026); clients fell from 278 to 162 and employees from 6 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $120M | 162 | 4 | 1 |
| March 2025 | $97.3M | 161 | 4 | 1 |
| July 2024 | $124M | 283 | 6 | 2 |
| June 2023 | $102M | 278 | 6 | 2 |
Besides its headquarters, Hicks & Associates Wealth Management has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 1145 Executive Circle, Suite C, CaryHQ
Contact and registration details
- Legal name
- Hicks & Associates Wealth Management, LLC
- Headquarters
- 1145 Executive Circle, Suite C, Cary, NC 27511
- Website
- hicks-associates.com
- Phone
- 919-851-5512
- @hicks-associates
- SEC file
- 801-126797
- Structure
- North Carolina LLC
- Fiscal year end
- December
Hicks & Associates Wealth Management uses Charles Schwab ($114M) as custodian for its separately managed accounts. Hicks & Associates Wealth Management has custody of $75M in client assets for 114 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $114M100%
At year end, Hicks & Associates Wealth Management’s separately managed accounts were mostly in funds (72%) and cash (20%).
What the accounts hold
- Stocks8%
- Funds72%
- Cash20%
How many clients does Hicks & Associates Wealth Management have?
Hicks & Associates Wealth Management has 162 clients and manages $120 million for them, as of February 2026. They include 125 individual clients and 37 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 February 2026
What services does Hicks & Associates Wealth Management offer?
Hicks & Associates Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Hicks & Associates Wealth Management charge?
Hicks & Associates Wealth Management charges 0.30%–2.00% a year for its Separately Managed Accounts. The fee is billed in advance and is negotiable.
Source: HICKS & ASSOCIATES WEALTH MANAGEMENT 2A, filed 25 February 2026
Which custodians does Hicks & Associates Wealth Management use?
Hicks & Associates Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $114M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 February 2026
How many financial advisors does Hicks & Associates Wealth Management have?
Hicks & Associates Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 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
What does Hicks & Associates Wealth Management invest in?
At the end of its last fiscal year, Hicks & Associates Wealth Management’s separately managed accounts held 72% registered funds (mutual funds, ETFs, BDCs), 20% cash and equivalents and 8% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hicks & Associates Wealth Management?
Hicks & Associates Wealth Management’s direct owner is Carman Hicks (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 February 2026
How does Hicks & Associates Wealth Management get paid?
Hicks & Associates Wealth Management 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
How do I contact Hicks & Associates Wealth Management?
Hicks & Associates Wealth Management’s main office is at 1145 Executive Circle, Suite C, Cary, NC 27511. Its phone number is 919-851-5512. Its website is hicks-associates.com.