{"url":"https://nivawealth.com/firms/hicks-and-associates-wealth-management-323171","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/323171","regulatoryAum":119572858,"crd":"323171","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3156997","suffix":"II","lastName":"HICKS","firstName":"CARMAN","middleName":"THEODORE"},{"crd":"4552309","suffix":null,"lastName":"Richards","firstName":"Paul","middleName":null}],"total":2,"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":"2023-06-28","regulatoryAum":102208076,"clients":278,"employees":6,"offices":2},{"filedOn":"2024-07-29","regulatoryAum":123957580,"clients":283,"employees":6,"offices":2},{"filedOn":"2025-03-11","regulatoryAum":97325022,"clients":161,"employees":4,"offices":1},{"filedOn":"2026-02-25","regulatoryAum":119572858,"clients":162,"employees":4,"offices":1}],"secFileNumber":"801-126797","legalName":"Hicks & Associates Wealth Management, LLC","displayName":"Hicks & Associates Wealth Management","slug":"hicks-and-associates-wealth-management-323171","website":"https://hicks-associates.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/hicks-associates/","xUrl":"https://twitter.com/hicks_associate","founded":null,"organization":"North Carolina limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1145 Executive Circle, Suite C","city":"Cary","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"27511"},"tradeNames":[],"registration":{"secApproved":"28 October 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":738104.061728395,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":119572858,"discretionary":119566821,"discretionaryAccounts":568,"nonDiscretionary":6037,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":125,"regulatoryAum":43616439},{"label":"High-net-worth individuals","clients":37,"regulatoryAum":75956419}],"feePrograms":[{"role":"main","program":"Separately Managed Accounts","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1011905","versionId":1011905,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-25","documentName":"HICKS & ASSOCIATES WEALTH MANAGEMENT 2A","fee_rate_low":0.3,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Consulting Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1011905","versionId":1011905,"submittedOn":"2026-02-25","documentName":"HICKS & ASSOCIATES WEALTH MANAGEMENT 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:19:20.872472+00:00","documents":[{"name":"HICKS & ASSOCIATES WEALTH MANAGEMENT 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1011905","versionId":1011905,"submittedOn":"2026-02-25"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":114174161}],"custodyNote":"Hicks & Associates Wealth Management has custody of $75M in client assets for 114 clients.","otherCustodians":[],"leadership":[{"name":"Carman Hicks","title":"Chief Executive Officer & Chief Compliance Officer & Member","crd":"3156997"}],"ownership":[{"label":"Carman Hicks","detail":"Chief executive officer & chief compliance officer & member in the 75% or more ownership band and a control person, since August 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"1145 Executive Circle, Suite C","city":"Cary","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"919-851-5512","stateRegisteredReps":2,"otherAdviserReps":0,"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"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":72},{"label":"Cash and cash equivalents","percent":20}],"privateFunds":0},"sources":{"adv1FilingDate":"25 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/323171/PDF/323171.pdf","brochureDate":"25 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1011905","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 Hicks & Associates Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hicks & Associates Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Hicks & Associates Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Hicks & Associates Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Hicks & Associates Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Hicks & Associates Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Hicks & Associates Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hicks & Associates Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Hicks & Associates Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 25 February 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."}