Nicolet Advisory Services, LLC (Green Bay)
Nicolet Advisory Services, LLC is a large advisory firm based in Green Bay. It manages $695.44 million of regulatory assets for 5,890 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Florida, and 10 other states.
Nicolet Advisory Services provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
Nicolet Advisory Services: assets under management
The assets under management (AUM) of Nicolet Advisory Services, LLC is $695.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 584% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Nicolet Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Patrick Joseph Madson serves?
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Patrick Joseph Madson is individuals with 2,875 clients and $398.91 million of assets under management. Among the 10 most similar advisory firms, Nicolet Advisory Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $693.81 million for 3,091 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Nicolet Advisory Services doesn't advise any private funds.
Careers at Nicolet Advisory Services, LLC
The company employs 25 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Patrick Joseph Madson has been acting as President since 1 Mar 2016. Jason Daniel Johnson has served as the Chief Investment Officer since 1 May 2016. David Andrew Loasby joined the executive team most recently as the Chief Compliance Officer.
Direct owners and executive officers
Based in Green Bay
The principal office where Nicolet Advisory Services, LLC performs its advisory services is located at 111 N. Washington Street, Green Bay, WI 54301, which is also the mailing address of the firm. An additional office of the firm is in Sister Bay, WI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 920-430-1400 or by fax 920-617-5593. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at nicoletbank.com/wealth-management/.
Registered investment advisers similar to Nicolet Advisory Services, LLC
- Lepercq De Neuflize Asset Management
- Ws Capital Management
- Berkshire Asset Management
- Balter Capital Management
- Star Mountain Fund Management
- Elm Park Capital Management
- Moerus Capital Management
- Centric Wealth Management
- Varde Management International
- Fiduciary Investment Management International
- Iron Peak Capital Management
- Mgo Investment Advisors
- Riskx Investments
- Financial Synergies Asset Management
- Financial Management Network