Nicholas Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, selecting other managers, publishing newsletters, and educational seminars.
Nicholas Wealth reports 1,072 clients. They include 1,013 individual clients, 44 high-net-worth individuals, and 8 corporations and other businesses. Of its assets, 100.0% ($740M across 2,250 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $180M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 94% | 28% |
| High-net-worth individuals | 4% | 11% |
| Investment companies | <1% | 60% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,013 | $210M | 28.4% | $208K |
| High-net-worth individuals | 44 | $84M | 11.4% | $1.91M |
| Investment companies | 3 | $442M | 59.7% | $147M |
| Pension and profit-sharing plans | 4 | $771K | 0.1% | $193K |
| Corporations and other businesses | 8 | $3.09M | 0.4% | $386K |
| Total | 1,072 | $740M | 100% | $690K |
- Clients
- 1,013
- Regulatory AUM
- $210M
- AUM share
- 28.4%
- Avg. per client
- $208K
- Clients
- 44
- Regulatory AUM
- $84M
- AUM share
- 11.4%
- Avg. per client
- $1.91M
- Clients
- 3
- Regulatory AUM
- $442M
- AUM share
- 59.7%
- Avg. per client
- $147M
- Clients
- 4
- Regulatory AUM
- $771K
- AUM share
- 0.1%
- Avg. per client
- $193K
- Clients
- 8
- Regulatory AUM
- $3.09M
- AUM share
- 0.4%
- Avg. per client
- $386K
Total
- Clients
- 1,072
- Regulatory AUM
- $740M
- AUM share
- 100%
- Avg. per client
- $690K
- 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
- 0
Nicholas Wealth is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation; its fees and minimums are set out in its brochures on the SEC website.
David Nicholas owns 75% or more of Nicholas Wealth. The leadership team of Nicholas Wealth includes President David Nicholas and Chief Compliance Officer Stacy Fleming. It has 19 employees, 9 of them in advisory roles.
Staff
- 19 employees
- 9 in advisory functions
- 9 state-registered reps
- 1 broker-dealer rep
- 7 insurance agents
- Owns 75% or more of Nicholas Wealth, LLC
David Nicholas
Control person · since February 2016
Nicholas Wealth’s regulatory assets grew 5.7× from $130M (March 2022) to $740M (April 2026); clients rose from 399 to 1,072 and employees from 5 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $740M | 1,072 | 19 | 2 |
| Jul 2025July 2025 | $414M | 619 | 18 | 2 |
| Apr 2024April 2024 | $203M | 561 | 14 | 1 |
| Jul 2023July 2023 | $142M | 463 | 12 | 1 |
| Mar 2022March 2022 | $130M | 399 | 5 | 1 |
Besides its headquarters, Nicholas Wealth has 1 office, with 2 listed addresses in 1 state.
Georgia · 2 listed addresses
- 218 Roswell St Ne, Suite 200, MariettaHQ
- 11520 Davis DR, Alpharetta
Contact and registration details
- Legal name
- Nicholas Wealth, LLC
- Headquarters
- 218 Roswell St Ne, Suite 200, Marietta, GA 30060
- Website
- retirereadyplan.com
- Phone
- 404-890-5606
- @nicholas-wealth-management
- SEC file
- 801-122063
- Structure
- Georgia LLC
- Fiscal year end
- December
Nicholas Wealth’s named custodians for separately managed accounts are Charles Schwab ($169M, 57%) and Fidelity ($129M, 43%). Nicholas Wealth does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $129M43%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $169M57%
At year end, Nicholas Wealth’s separately managed accounts were mostly in stocks (60%) and funds (34%). Its reported 13F holdings for the quarter ended 30 June 2026 total $182M across 127 positions; the largest are Tidal Trust II (12.2%), Tidal Trust II (5.8%) and Micron Technology Inc. (3.2%).
What the accounts hold
- Stocks60%
- Funds34%
- Cash7%
How many clients does Nicholas Wealth have?
Nicholas Wealth has 1,072 clients and manages $740 million for them, as of April 2026. They include 1,013 individual clients, 44 high-net-worth individuals, and 8 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 April 2026
What services does Nicholas Wealth offer?
Nicholas Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Nicholas Wealth use?
Nicholas Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $169M and Fidelity Brokerage Services LLC (Smithfield, RI), with $129M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 April 2026
How many financial advisors does Nicholas Wealth have?
Nicholas Wealth has 9 investment adviser representatives registered with state securities authorities, out of 19 employees, and 9 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 7 employees are 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 Nicholas Wealth invest in?
At the end of its last fiscal year, Nicholas Wealth’s separately managed accounts held 60% exchange-traded equities, 34% registered funds (mutual funds, ETFs, BDCs) and 7% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Nicholas Wealth?
Nicholas Wealth’s direct owner is David Nicholas (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 April 2026
How does Nicholas Wealth get paid?
Nicholas Wealth is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Nicholas Wealth?
Nicholas Wealth’s main office is at 218 Roswell St Ne, Suite 200, Marietta, GA 30060. Its phone number is 404-890-5606. Its website is retirereadyplan.com.