Nicholson Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Nicholson Wealth Management Group reports 205 clients. They include 123 individual clients and 82 high-net-worth individuals. Of its assets, 100.0% ($322M across 543 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 14% |
| High-net-worth individuals | 40% | 79% |
| Pension and profit-sharing plans | 0% | 4% |
| Charitable organizations | 0% | <1% |
| Corporations and other businesses | 0% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 123 | $43.6M | 13.5% | $355K |
| High-net-worth individuals | 82 | $253M | 78.7% | $3.09M |
| Pension and profit-sharing plans | Fewer than 5 | $11.9M | 3.7% | — |
| Charitable organizations | Fewer than 5 | $317K | 0.1% | — |
| Corporations and other businesses | Fewer than 5 | $12.8M | 4.0% | — |
| Total | 205 | $322M | 100% | — |
- Clients
- 123
- Regulatory AUM
- $43.6M
- AUM share
- 13.5%
- Avg. per client
- $355K
- Clients
- 82
- Regulatory AUM
- $253M
- AUM share
- 78.7%
- Avg. per client
- $3.09M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.9M
- AUM share
- 3.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $317K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $12.8M
- AUM share
- 4.0%
- Avg. per client
- —
Total
- Clients
- 205
- Regulatory AUM
- $322M
- AUM share
- 100%
- Avg. per client
- —
- 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
Nicholson Wealth Management Group charges 0.75%–1.50% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Fee details and sources
Joseph Nicholson owns 75% or more of Nicholson Wealth Management Group. The leadership team of Nicholson Wealth Management Group includes President Joseph Nicholson and Chief Compliance Officer Lonny Elfenbein. It has 4 employees, 2 of them in advisory roles.
Leadership
- Joseph NicholsonPresident and Member
- Lonny ElfenbeinChief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Joseph Laurens Nicholson
- John D Wagner
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- Owns 75% or more of Nicholson Wealth Management Group, LLC
Joseph Nicholson
Control person · since August 2023
Nicholson Wealth Management Group’s regulatory assets grew from $226M (May 2024) to $322M (June 2026); clients rose from 193 to 205 and employees from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $322M | 205 | 4 | 1 |
| April 2025 | $291M | 202 | 4 | 1 |
| May 2024 | $226M | 193 | 3 | 1 |
Besides its headquarters, Nicholson Wealth Management Group has 0 offices, with 1 listed address in South Carolina.
South Carolina · 1 listed address
- 8 N. Adgers Wharf, CharlestonHQ
Other business names
Nicholson Wealth Management Group has reported 1 other business name to the SEC.
- Nicholson Wealth Management Group
Contact and registration details
- Legal name
- Nicholson Wealth Management Group, LLC
- Headquarters
- 8 N. Adgers Wharf, Charleston, SC 29401
- Website
- nicholsonwmg.com
- Phone
- 843-790-2625
- SEC file
- 801-128554
- Structure
- South Carolina LLC
- Fiscal year end
- December
Nicholson Wealth Management Group uses Charles Schwab ($293M) as custodian for its separately managed accounts. Nicholson Wealth Management Group has custody of $155M in client assets for 397 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $293M100%
At year end, Nicholson Wealth Management Group’s separately managed accounts were mostly in stocks (50%) and bonds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $170M across 111 positions; the largest are Perspective Therapeutics Inc. (3.3%), Vanguard Index Fds (3.0%) and Vanguard Index Fds (2.5%).
What the accounts hold
- Stocks50%
- Funds12%
- Bonds24%
- Investment grade corporate bonds20%
- U.S. government and agency bonds4%
- Cash6%
- Other8%
- Advisory variable annuities, limited partnerships, reits. also includes u.s. state and local bonds, sovereign bonds, non exchange-traded equity and pooled investment other than ic or bdc (all less than 1%)8%
Reported 13F holdings
- $170M
- Reported 13F value
- 111
- Positions
- 21.0%
- In the 10 largest
- −1.2%
- Value vs. prior quarter
- Perspective Therapeutics Inc.3.3%
- Vanguard Index Fds · S&P 500 ETF Shs3.0%
- Vanguard Index Fds · Total Stk Mkt2.5%
- United Bankshares Inc. West V2.1%
- Apple Inc.1.9%
- Cisco Sys Inc.1.7%
- Texas Instrs Inc.1.7%
- Microsoft Corp.1.7%
- Eli Lilly & CO1.6%
- Analog Devices Inc.1.6%
Together, the ten largest are 21.0% of reported value.
How many clients does Nicholson Wealth Management Group have?
Nicholson Wealth Management Group has 205 clients and manages $322 million for them, as of June 2026. They include 123 individual clients and 82 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 June 2026
What services does Nicholson Wealth Management Group offer?
Nicholson Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Nicholson Wealth Management Group charge?
Nicholson Wealth Management Group charges 0.75%–1.50% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Source: NICHOLSON WEALTH MANAGEMENT GROUP ADV PART 2A, filed 2 June 2026
Which custodians does Nicholson Wealth Management Group use?
Nicholson Wealth Management Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $293M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 June 2026
How many financial advisors does Nicholson Wealth Management Group have?
Nicholson Wealth Management Group has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Nicholson Wealth Management Group invest in?
At the end of its last fiscal year, Nicholson Wealth Management Group’s separately managed accounts held 50% exchange-traded equities, 20% investment grade corporate bonds, 12% registered funds (mutual funds, ETFs, BDCs), 8% other, 6% cash and equivalents and 4% U.S. government and agency bonds. The 8% other category is described as: Advisory Variable Annuities, Limited Partnerships, Reits. Also Includes U.S. State and Local Bonds, Sovereign Bonds, Non Exchange-Traded Equity and Pooled Investment Other Than Ic Or BDC (All Less Than 1%).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Nicholson Wealth Management Group?
Nicholson Wealth Management Group’s direct owner is Joseph Nicholson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 June 2026
How does Nicholson Wealth Management Group get paid?
Nicholson Wealth Management Group is paid through a percentage of assets under management 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
Is Nicholson Wealth Management Group registered with the SEC?
Yes, Nicholson Wealth Management Group has been registered with the SEC as an investment adviser since 16 August 2023. Its CRD number is 327001 and its SEC file number is 801-128554.
Source: Form ADV Part 1A, Item 1, filed 2 June 2026; IAPD firm record
How do I contact Nicholson Wealth Management Group?
Nicholson Wealth Management Group’s main office is at 8 N. Adgers Wharf, Charleston, SC 29401. Its phone number is 843-790-2625. Its website is nicholsonwmg.com.