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 Wealth Management

Wealth manager with institutional or fund businessMarietta, GeorgiaCRD 282635SEC 801-122063website IAPD

Legal name Nicholas Wealth, LLC

Latest filing Apr 24, 2026

First filing on the tape Jul 12, 2021 · 31 filings

SEC status approved since Aug 13, 2021

RAUM

$740M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

40%

$294M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$82.2M

derived; firm RAUM over IAPD count

Employees

9 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

31 filings and snapshots on the tape

RAUM$740M as of Apr 24, 2026

Mar 1, 2022$130M then

HNW client RAUM$84.0M as of Apr 24, 2026

Mar 1, 2022$86.7M then

State-registered IARs (5.B.3)9 as of Apr 24, 2026

Mar 1, 20224 then

Employees (5.A)19 as of Apr 24, 2026

Mar 1, 20225 then

Private funds: no history

RAUM +79% over the last fiscal year+73% a year over threeIARs 10 to 9

Practice profile

derived from the filing of Apr 24, 2026; every figure names its basis

Archetypes, each a printed rule

Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets

RAUM per advisor: $82.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 117derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $1.9MderivedHNW RAUM over HNW clients
Average account: $328,812derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.1derivedItem 5.A over advisors
Advisors per office: 4.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +79%derivedbetween the last two annual amendments
Advisor growth, one year: -10%derivedItem 5.B.3 between annual amendments
Client growth, one year: +71%derived
Compensation: percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for investment companies, selection of other advisers, publications, educational seminars, otherreportedItem 5.G
Wrap fee program: $180MreportedItem 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)
receives research or other products from a broker-dealer, soft dollars (8.E)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)
marketing includes testimonials (5.L.1.c)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Investment companies$442M60%
Individuals$210M28%
High-net-worth individuals$84.0M11%
Corporations and businesses$3.1M0.4%
Pension and profit-sharing plans$771,3720.1%

Individual clients: 1,013reported
HNW clients: 44reported
Pension plan clients: 4reported
Charitable clients: 0reported
Accounts: 2,250reported
Financial planning clients: 0reported
Wrap fee programs: $180M sponsored, $0 managedreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=0.4 fund_share=0.6 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

9 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
David Alexis Nicholas	Marietta, Ga	May 10, 2016	18 y	1
Cynthia Joy Panian	Marietta, Ga	Jun 15, 2021	15 y	0
Jared Weston Chambers	Marietta, Ga	Nov 4, 2021	10 y	0
Stephen Aaron Jones	Marietta, Ga	Sep 13, 2022	16 y	0
Ian Sears	Marietta, Ga	Dec 5, 2024	11 y	0
Amanda Serafino	Marietta, Ga	Jan 8, 2025	12 y	0
Timothy Christian Hart	Marietta, Ga	Apr 24, 2025	10 y	0
Bailey Alexander Woods	Marietta, Ga	Sep 11, 2025	13 y	1
Logan Chase Pritchett	Marietta, Ga	Jun 15, 2026	10 y	0

Advisor movement

1 left, 0 joined in 12 months

net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 11% of current headcount3 left over 36 months

Left, latest

Graham Reynolds to LPL Financial LLC
Jan 21, 2026 · RIA to affiliated broker-dealer or bank
Aaron William Gaines to Gaines Capital Management
Apr 10, 2025 · RIA to a state-registered adviser
Kristie Ingle to Fidelity Personal And Workplace Advisors
Dec 11, 2023 · RIA to affiliated broker-dealer or bank
Craig Jeffrey Jennings to Safewater Investment Management LLC
Sep 10, 2021 · RIA to a state-registered adviser

Joined, latest

Bailey Alexander Woods from Goldman Sachs Wealth Services, L.P.
Sep 11, 2025 · Affiliated broker-dealer or bank to independent RIA
Kristie Ingle from Edward Jones
Jul 20, 2023 · Affiliated broker-dealer or bank to independent RIA
Craig Jeffrey Jennings from Securities America Advisors, Inc.
Feb 14, 2020 · Affiliated broker-dealer or bank to independent RIA
Aaron William Gaines from Edward Jones
Jul 25, 2019 · Affiliated broker-dealer or bank to independent RIA
David Alexis Nicholas from Triumph Wealth Advisors, Inc.
May 10, 2016 · RIA to RIA

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Alexis David Nicholas · Presidentcontrol
since 02/2016 · owns 75% or more
Graves Stacy Fleming · Chief Compliance Officer
since 12/2023 · owns less than 5%

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Marietta, Ga · principal	9	1	1

Offices

Schedule D 1.F, the 25 largest

Alpharetta, GA4 employees

ADV anomalies

3 against comparable advisers; where to look, not conclusions

account count surgeChange between filings · filing Apr 24, 2026
accounts (Item 5.F.2.f) moved from 619.0 to 2,250.0 (+263.0%) between the annual amendments of 2025-04-16 and 2026-04-24; the peer median change was +6.0% (1256 comparable advisers, 99.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,256) · 99% percentile
client count surgeChange between filings · filing Apr 24, 2026
individual and HNW clients (Item 5.D) moved from 617.0 to 1,057.0 (+71.0%) between the annual amendments of 2025-04-16 and 2026-04-24; the peer median change was +5.0% (1216 comparable advisers, 98.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,216) · 98% percentile
RAUM up 50 %Change between filings · filing Apr 24, 2026
RAUM (Item 5.F) moved from $413,710,307 to $739,826,707 (+79.0%) between the annual amendments of 2025-04-16 and 2026-04-24; the peer median change was +16.0% (1386 comparable advisers, 97.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,386) · 97% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 619 to 2,250
Dec 4, 2025 to Mar 23, 2026
Advisory employees · 10 to 9
Dec 4, 2025 to Mar 23, 2026
BD registered reps · 2 to 1
Dec 4, 2025 to Mar 23, 2026
Corporate clients · 0 to 8
Dec 4, 2025 to Mar 23, 2026
HNW clients · 35 to 44
Dec 4, 2025 to Mar 23, 2026
Individual clients · 582 to 1,013
Dec 4, 2025 to Mar 23, 2026
Pension plan clients · 0 to 4
Dec 4, 2025 to Mar 23, 2026
Employees · 18 to 19
Dec 4, 2025 to Mar 23, 2026
State-registered IARs · 10 to 9
Dec 4, 2025 to Mar 23, 2026
Discretionary RAUM · $414M to $740M
Dec 4, 2025 to Mar 23, 2026
HNW RAUM · $61.8M to $84.0M
Dec 4, 2025 to Mar 23, 2026
Individual RAUM · $146M to $210M
Dec 4, 2025 to Mar 23, 2026
Pension RAUM · $0 to $771,372
Dec 4, 2025 to Mar 23, 2026
RAUM · $414M to $740M
Dec 4, 2025 to Mar 23, 2026
Wrap assets (sponsor) · $1.0M to $180M
Dec 4, 2025 to Mar 23, 2026
Financial planning clients · 0 to 0
Apr 16, 2025 to Jul 28, 2025
Accounts · 1,473 to 619
Dec 12, 2024 to Apr 16, 2025
Advisory employees · 6 to 10
Dec 12, 2024 to Apr 16, 2025
HNW clients · 65 to 35
Dec 12, 2024 to Apr 16, 2025
Individual clients · 495 to 582
Dec 12, 2024 to Apr 16, 2025
Employees · 14 to 18
Dec 12, 2024 to Apr 16, 2025
Financial planning clients · 51-100 to 0
Dec 12, 2024 to Apr 16, 2025
State-registered IARs · 6 to 10
Dec 12, 2024 to Apr 16, 2025
Discretionary RAUM · $203M to $414M
Dec 12, 2024 to Apr 16, 2025
HNW RAUM · $61.2M to $61.8M
Dec 12, 2024 to Apr 16, 2025
Individual RAUM · $86.7M to $146M
Dec 12, 2024 to Apr 16, 2025
RAUM · $203M to $414M
Dec 12, 2024 to Apr 16, 2025
Wrap assets (sponsor) · $7.6M to $1.0M
Dec 12, 2024 to Apr 16, 2025
Legal name · NICHOLAS WEALTH MANAGEMENT to NICHOLAS WEALTH, LLC
Sep 10, 2024 to Nov 26, 2024
Legal name · BLUEPATH CAPITAL MANAGEMENT, LLC to NICHOLAS WEALTH MANAGEMENT
Aug 23, 2024 to Sep 10, 2024
Other offices · 0 to 1
Apr 16, 2024 to Aug 23, 2024
Accounts · 1,222 to 1,473
Dec 5, 2023 to Mar 21, 2024
HNW clients · 21 to 65
Dec 5, 2023 to Mar 21, 2024
Individual clients · 441 to 495
Dec 5, 2023 to Mar 21, 2024
Employees · 12 to 14
Dec 5, 2023 to Mar 21, 2024
Discretionary RAUM · $142M to $203M
Dec 5, 2023 to Mar 21, 2024
HNW RAUM · $31.1M to $61.2M
Dec 5, 2023 to Mar 21, 2024
Individual RAUM · $90.8M to $86.7M
Dec 5, 2023 to Mar 21, 2024
RAUM · $142M to $203M
Dec 5, 2023 to Mar 21, 2024
Wrap assets (sponsor) · $31.0M to $7.6M
Dec 5, 2023 to Mar 21, 2024

Signals

11 dated events

Nicholas Wealth Management reported RAUM $739.8M, up 79% from $413.7M (2025-12-04 to 2026-03-23)
Mar 23, 2026 · RAUM change · derived
Graham Reynolds left Nicholas Wealth Management for Lpl Financial Llc (registered 2026-05-28)
Jan 21, 2026 · Advisor changed firm · fact
Nicholas Wealth Management reported RAUM $413.7M, up 104% from $203.1M (2024-12-12 to 2025-04-16)
Apr 16, 2025 · RAUM change · derived
Aaron William Gaines left Nicholas Wealth Management for Gaines Capital Management (registered 2025-04-29)
Apr 10, 2025 · Advisor changed firm · fact
Kristie Ingle left Nicholas Wealth Management for Fidelity Personal And Workplace Advisors (registered 2024-01-24)
Dec 11, 2023 · Advisor changed firm · fact
Jean Nancy Tyminski (Chief Compliance Officer) no longer on Schedule A of Nicholas Wealth Management (listed 2023-10-25, absent 2023-12-05)
Dec 5, 2023 · Control person left · inference
Graves Stacy Fleming (Chief Compliance Officer) appeared on Schedule A of Nicholas Wealth Management
Dec 5, 2023 · Control person joined · fact
Jean Nancy Tyminski (Chief Compliance Officer) appeared on Schedule A of Nicholas Wealth Management
Mar 31, 2023 · Control person joined · fact
Michael Justin Slaughter (Chief Compliance Officer & Investment Advisor Representative) no longer on Schedule A of Nicholas Wealth Management (listed 2022-12-12, absent 2023-03-31)
Mar 31, 2023 · Control person left · inference
Michael Justin Slaughter (Chief Compliance Officer & Investment Advisor Representative) appeared on Schedule A of Nicholas Wealth Management
Jan 20, 2022 · Control person joined · fact
Bluepath Capital Management, Llc filed its initial SEC registration (Form ADV)
Jul 12, 2021 · First SEC registration · fact

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

Business phone: 855-563-6900reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile: linkedin.com/company/nicholas-wealth-managementreportedpublic record, Form ADV, Sep 17, 2026
Website: nicholasx.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 404-890-5606reportedpublic record, Form ADV, Apr 24, 2026
Contact form: nicholasx.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page: nicholasx.com/teamreportedpublished by the firm, firm site, Sep 15, 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: Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor: $82.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026