NWM Advisors provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
NWM Advisors reports 191 clients. They include 124 high-net-worth individuals, 47 individual clients, and 20 pension and profit-sharing plans. Of its assets, 96.4% ($317M across 499 accounts) are managed with discretion; $11.9M across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 25% | 2% |
| High-net-worth individuals | 65% | 85% |
| Pension and profit-sharing plans | 10% | 11% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 47 | $7.43M | 2.3% | $158K |
| High-net-worth individuals | 124 | $278M | 84.6% | $2.24M |
| Pension and profit-sharing plans | 20 | $37.2M | 11.3% | $1.86M |
| Charitable organizations | Fewer than 5 | $2.91M | 0.9% | — |
| Corporations and other businesses | Fewer than 5 | $3.14M | 1.0% | — |
| Total | 191 | $329M | 100% | — |
- Clients
- 47
- Regulatory AUM
- $7.43M
- AUM share
- 2.3%
- Avg. per client
- $158K
- Clients
- 124
- Regulatory AUM
- $278M
- AUM share
- 84.6%
- Avg. per client
- $2.24M
- Clients
- 20
- Regulatory AUM
- $37.2M
- AUM share
- 11.3%
- Avg. per client
- $1.86M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.91M
- AUM share
- 0.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $3.14M
- AUM share
- 1.0%
- Avg. per client
- —
Total
- Clients
- 191
- Regulatory AUM
- $329M
- 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
- 0
NWM Advisors charges up to 1.50% a year for its Comprehensive Portfolio Management. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Retirement plan consulting
- Billed as a percentage of plan assets under management, not to exceed 1.50%, with terms set in a signed consulting agreement.
Kevin Nichols owns 75% or more of NWM Advisors. The leadership team of NWM Advisors includes President Kevin Nichols. It has 2 employees.
Leadership
- Kevin NicholsPresident & Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Sergio P Holguin
- Kevin Mark Nichols
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of NWM Advisors, LLC
Kevin Nichols
Control person · since May 2019
NWM Advisors’ regulatory assets grew 1.6× from $206M (April 2021) to $329M (February 2026); clients rose from 133 to 191 and employees fell from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $329M | 191 | 2 | 1 |
| February 2025 | $294M | 189 | 2 | 1 |
| February 2024 | $248M | 180 | 2 | 1 |
| March 2023 | $211M | 153 | 2 | 1 |
| February 2022 | $247M | 143 | 2 | 1 |
| April 2021 | $206M | 133 | 3 | 1 |
Besides its headquarters, NWM Advisors has 0 offices, with 1 listed address in California.
California · 1 listed address
- 735 Tank Farm Road, Suite 250, San Luis ObispoHQ
Contact and registration details
- Legal name
- NWM Advisors, LLC
- Headquarters
- 735 Tank Farm Road, Suite 250, San Luis Obispo, CA 93401
- Website
- nwmadvisors.com
- Phone
- 805-781-2773
- SEC file
- 801-107866
- Founded
- 2016
- Structure
- California LLC
- Fiscal year end
- December
NWM Advisors uses Charles Schwab ($310M) as custodian for its separately managed accounts. NWM Advisors has custody of $165M in client assets for 153 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $310M100%
At year end, NWM Advisors’ separately managed accounts were mostly in funds (58%) and stocks (39%). Its reported 13F holdings for the quarter ended 30 June 2026 total $127M across 23 positions; the largest are Vanguard Index Fds (29.2%), Vanguard Admiral Fds Inc. (12.5%) and Berkshire Hathaway Inc. Del (8.3%).
What the accounts hold
- Stocks39%
- Funds58%
- Cash3%
Reported 13F holdings
- $127M
- Reported 13F value
- 23
- Positions
- 82.6%
- In the 10 largest
- +15.7%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs29.2%
- Vanguard Admiral Fds Inc. · Midcp 400 Idx12.5%
- Berkshire Hathaway Inc. Del · CL B New8.3%
- Vanguard Index Fds · Mid Cap ETF6.2%
- Schwab Strategic TR · US Sml Cap ETF5.9%
- First TR Exchange-traded FD5.1%
- Apple Inc.4.2%
- JPMORGAN Chase & CO3.9%
- Visa Inc. · Com CL A3.7%
- Nvidia Corporation3.6%
Together, the ten largest are 82.6% of reported value.
How many clients does NWM Advisors have?
NWM Advisors has 191 clients and manages $329 million for them, as of February 2026. They include 124 high-net-worth individuals, 47 individual clients, and 20 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 February 2026
What services does NWM Advisors offer?
NWM Advisors provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does NWM Advisors charge?
NWM Advisors charges up to 1.50% a year for its Comprehensive Portfolio Management. The fee is billed in advance or in arrears and is negotiable.
Source: FORM ADV PART 2A FIRM BROCHURE, filed 13 February 2026
Which custodians does NWM Advisors use?
NWM Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $310M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 February 2026
How many financial advisors does NWM Advisors have?
NWM Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 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 NWM Advisors invest in?
At the end of its last fiscal year, NWM Advisors’ separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 39% exchange-traded equities and 3% 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 NWM Advisors?
NWM Advisors’ direct owner is Kevin Nichols (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 February 2026
How does NWM Advisors get paid?
NWM Advisors is paid through a percentage of assets under management. 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 NWM Advisors?
NWM Advisors’ main office is at 735 Tank Farm Road, Suite 250, San Luis Obispo, CA 93401. Its phone number is 805-781-2773. Its website is nwmadvisors.com.