Nwm Advisors, LLC (San Luis Obispo)

Name: Nwm Advisors, LLC
Address: 735 Tank Farm Road, San Luis Obispo, CA, 93401
Telephone: 805-781-2773

Nwm Advisors, LLC is a large advisory firm based in San Luis Obispo. It manages $159.75 million of regulatory assets for 292 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and Texas.

Nwm Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nwm Advisors: assets under management

The assets under management (AUM) of Nwm Advisors, LLC is $159.75 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $155.5 million in discretionary accounts and $4.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $555.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $354.17 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nwm Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nwm Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Nwm Advisors is high net worth individuals with 73 clients and $127.04 million of assets under management. Among the 7 most similar advisory firms, Nwm Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $154.73 million for 110 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.

Nwm Advisors doesn't advise any private funds.

Careers at Nwm Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Mark Nichols	President and chief investment officer	1 Jun 2016	75% - 100%	2347023
Andrew James Wright	Chief operating officer and chief compliance officer	1 Jun 2016	25% - 50%	2609910
Inc. Nichols Wealth Management	Owner/managing member	1 Nov 2017	75% - 100%	36-4636732
Kevin Mark Nichols	Chief compliance officer	1 May 2019	Other	2347023

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Mark Nichols	President	1 Jun 2008	75% - 100%	2347023

Based in San Luis Obispo

The principal office where Nwm Advisors, LLC performs its advisory services is located at 735 Tank Farm Road, San Luis Obispo, CA 93401, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-781-2773. The normal business hours are monday - thursday 9am - 5pm,friday 9am-1pm on Monday - Friday. You can find more information about the New York firm at nwmslo.com.