DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Nicholas Co Inc
Latest filing Jan 23, 2026
First filing on the tape Jan 30, 2012 · 20 filings
SEC status approved since Jan 8, 1968
RAUM
$6.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.1%
$8.2M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$6.1B
derived; firm RAUM over IAPD count
Employees
16
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$6.1B as of Jan 23, 2026
Jan 30, 2012$2.7B then
HNW client RAUM$8.2M as of Jan 23, 2026
Jan 26, 2018$54.7M then
State-registered IARs (5.B.3)1 as of Jan 23, 2026
Jan 30, 20120 then
Employees (5.A)16 as of Jan 23, 2026
Jan 25, 201319 then
Private funds: no history
RAUM -3.9% over the last fiscal year+7.6% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jan 23, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $6.1BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 3derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $467MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 16.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -3.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$6.0B99%
- Charitable organizations$19.4M0.3%
- Corporations and businesses$11.9M0.2%
- High-net-worth individuals$8.2M0.1%
- Individual clients
- 0reported
- HNW clients
- 3reported
- Pension plan clients
- 0reported
- Charitable clients
- 5reported
- Accounts
- 13reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $7.4M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.99 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Lawrence John PavelecChartered Financial Analyst | Milwaukee, Wi | Jan 27, 2017 | 32 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Patrick Joseph Tobin to Cerity Partners LLCNov 16, 2020 · Other
Joined, latest
- Lawrence John Pavelec from Brandes Investment Partners, LPJan 27, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Rebecca Jennifer Kloehn · Chief Financial Officer, Chief Compliance Officer, Executive Vice President, Treasurercontrolsince 07/2004 · owns less than 5%
- John David Lubar · Directorcontrolsince 04/2007 · owns less than 5%
- Thor K. Lundgren · Directorcontrolsince 07/2006 · owns less than 5%
- Owen David Nicholas · Chief Executive Officer, President, Chief Investment Officer, Director, Shareholdercontrolsince 08/1986 · owns 50% to 75%
- E Christopher O'Reilly · Chief Technology Officer, Executive Vice Presidentcontrolsince 10/2005 · owns less than 5%
- John Lawrence Pavelec · Chief Operating Officer, Executive Vice President, Secretarycontrolsince 04/2003 · owns less than 5%
- Nicholas Susan Fasciano · Shareholdersince 12/2003 · owns 10% to 25%
- Sharon Lynn Nicholas · Shareholdersince 09/1983 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 8 to 7Jan 24, 2025 to Jan 23, 2026
- Employees · 17 to 16Jan 24, 2025 to Jan 23, 2026
- Discretionary RAUM · $6.3B to $6.1BJan 24, 2025 to Jan 23, 2026
- HNW RAUM · $8.7M to $8.2MJan 24, 2025 to Jan 23, 2026
- RAUM · $6.3B to $6.1BJan 24, 2025 to Jan 23, 2026
- Wrap assets (manager) · $7.9M to $7.4MJan 24, 2025 to Jan 23, 2026
- Accounts · 14 to 13Jan 24, 2024 to Jan 24, 2025
- BD registered reps · 0 to 1Jan 24, 2024 to Jan 24, 2025
- HNW clients · 4 to 3Jan 24, 2024 to Jan 24, 2025
- Employees · 15 to 17Jan 24, 2024 to Jan 24, 2025
- Financial planning clients · unset to Jan 24, 2024 to Jan 24, 2025
- Discretionary RAUM · $5.1B to $6.3BJan 24, 2024 to Jan 24, 2025
- HNW RAUM · $27.3M to $8.7MJan 24, 2024 to Jan 24, 2025
- RAUM · $5.1B to $6.3BJan 24, 2024 to Jan 24, 2025
- Wrap assets (manager) · $10.6M to $7.9MJan 24, 2024 to Jan 24, 2025
- Accounts · 15 to 14Jan 27, 2023 to Jan 24, 2024
- Advisory employees · 6 to 8Jan 27, 2023 to Jan 24, 2024
- HNW clients · 5 to 4Jan 27, 2023 to Jan 24, 2024
- State-registered IARs · 2 to 1Jan 27, 2023 to Jan 24, 2024
- Discretionary RAUM · $4.9B to $5.1BJan 27, 2023 to Jan 24, 2024
- HNW RAUM · $29.5M to $27.3MJan 27, 2023 to Jan 24, 2024
- RAUM · $4.9B to $5.1BJan 27, 2023 to Jan 24, 2024
- Wrap assets (manager) · $10.5M to $10.6MJan 27, 2023 to Jan 24, 2024
- Accounts · 16 to 15Jan 28, 2022 to Jan 27, 2023
- HNW clients · 6 to 5Jan 28, 2022 to Jan 27, 2023
- Discretionary RAUM · $6.2B to $4.9BJan 28, 2022 to Jan 27, 2023
- HNW RAUM · $37.6M to $29.5MJan 28, 2022 to Jan 27, 2023
- RAUM · $6.2B to $4.9BJan 28, 2022 to Jan 27, 2023
- Wrap assets (manager) · $13.4M to $10.5MJan 28, 2022 to Jan 27, 2023
- Accounts · 19 to 16Jan 29, 2021 to Jan 28, 2022
- Charity clients · 8 to 5Jan 29, 2021 to Jan 28, 2022
- Employees · 16 to 15Jan 29, 2021 to Jan 28, 2022
- State-registered IARs · 3 to 2Jan 29, 2021 to Jan 28, 2022
- Discretionary RAUM · $4.7B to $6.2BJan 29, 2021 to Jan 28, 2022
- HNW RAUM · $28.6M to $37.6MJan 29, 2021 to Jan 28, 2022
- RAUM · $4.7B to $6.2BJan 29, 2021 to Jan 28, 2022
- Wrap assets (manager) · $25.6M to $13.4MJan 29, 2021 to Jan 28, 2022
- Accounts · 21 to 19Jun 30, 2020 to Jan 29, 2021
- Advisory employees · 8 to 6Jun 30, 2020 to Jan 29, 2021
- Pension plan clients · unset to 0.0Jun 30, 2020 to Jan 29, 2021
Signals
1 dated events
- Nicholas Co Inc reported RAUM $6.2B, up 30% from $4.7B (2021-01-29 to 2022-01-28)Jan 28, 2022 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/NICHOLAS-FUNDSreportedpublic record, Form ADV, Sep 17, 2026
- Website
- NICHOLASFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 414-272-4650reportedpublic record, Form ADV, Jan 23, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $6.1Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026