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

Nicholson Wealth Management Group

Independent wealth managerCharleston, South CarolinaCRD 327001SEC 801-128554website IAPD

Legal name Nicholson Wealth Management Group, LLC

Latest filing Jun 2, 2026

First filing on the tape Jul 12, 2023 · 10 filings

SEC status approved since Aug 16, 2023

RAUM

$322M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

92%

$297M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$161M

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

10 filings and snapshots on the tape

RAUM$322M as of Jun 2, 2026

Mar 14, 2024$226M then

HNW client RAUM$253M as of Jun 2, 2026

Mar 14, 2024$175M then

State-registered IARs (5.B.3)2 as of Jun 2, 2026

Mar 14, 20243 then

Employees (5.A)4 as of Jun 2, 2026

Mar 14, 20243 then

Private funds: no history

RAUM +11% over the last fiscal yearIARs 3 to 2

Practice profile

derived from the filing of Jun 2, 2026; every figure names its basis

Archetypes, each a printed rule

HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
Solo or small team · one advisor, or a wealth manager with up to three advisors and one office

RAUM per advisor: $161MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 103derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.1MderivedHNW RAUM over HNW clients
Average account: $592,986derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 3.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.0derivedItem 5.A over advisors
Advisors per office: 2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +11%derivedbetween the last two annual amendments
Advisor growth, one year: -33%derivedItem 5.B.3 between annual amendments
Client growth, one year: +1.5%derived
Compensation: percentage of assets, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody: $155M, 397 clientsreportedItem 9.A
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)
has custody of client cash or bank accounts (9.A.1.a)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$253M79%
Individuals$43.6M14%
Corporations and businesses$12.8M4.0%
Pension and profit-sharing plans$11.9M3.7%
Charitable organizations$316,6180.1%

Individual clients: 123reported
HNW clients: 82reported
Pension plan clients: 0reported
Charitable clients: 0reported
Accounts: 543reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: $155M for 397 clientsreported
Compensation: % of AUM, fixedreported
Class basis: private_client_share=0.92 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

2 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Joseph Laurens Nicholson	Charleston, Sc	Oct 3, 2023	33 y	3
John D Wagner	Charleston, Sc	Jan 2, 2026	14 y	2

Advisor movement

0 left, 1 joined in 12 months

net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months

Left, latest

Sean Thomas O'Keefe to Ameriprise Financial Services, LLC
Jun 18, 2024 · RIA to affiliated broker-dealer or bank

Joined, latest

John D Wagner from Charles Schwab & Co., Inc.
Jan 2, 2026 · Affiliated broker-dealer or bank to independent RIA
Joseph Laurens Nicholson from Wells Fargo Advisors
Oct 3, 2023 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Sean Thomas O'Keefe from Wells Fargo Advisors
Oct 3, 2023 · Wirehouse to a newly registered adviser (no RAUM reported yet)

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 joined from Wells Fargo Advisors
Oct 9, 2023 · Charleston, Sc

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Laurens Joseph Nicholson · President And Membercontrol
since 08/2023 · owns 75% or more
Scott Lonny Elfenbein · Chief Compliance Officer
since 07/2023 · 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
Charleston, Sc · principal	2	1	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 524 to 543
Apr 17, 2025 to Feb 12, 2026
Advisory employees · 3 to 2
Apr 17, 2025 to Feb 12, 2026
BD registered reps · 1 to 0
Apr 17, 2025 to Feb 12, 2026
Business name · NICHOLSON WEALTH MANAGEMENT GROUP, LLC to NICHOLSON WEALTH MANAGEMENT GROUP
Apr 17, 2025 to Feb 12, 2026
HNW clients · 63 to 82
Apr 17, 2025 to Feb 12, 2026
Individual clients · 139 to 123
Apr 17, 2025 to Feb 12, 2026
Assets in custody · $26.7M to $155M
Apr 17, 2025 to Feb 12, 2026
State-registered IARs · 3 to 2
Apr 17, 2025 to Feb 12, 2026
Discretionary RAUM · $291M to $322M
Apr 17, 2025 to Feb 12, 2026
HNW RAUM · $231M to $253M
Apr 17, 2025 to Feb 12, 2026
Individual RAUM · $56.8M to $43.6M
Apr 17, 2025 to Feb 12, 2026
Pension RAUM · $0 to $11.9M
Apr 17, 2025 to Feb 12, 2026
RAUM · $291M to $322M
Apr 17, 2025 to Feb 12, 2026
Accounts · 434 to 524
May 31, 2024 to Apr 17, 2025
HNW clients · 56 to 63
May 31, 2024 to Apr 17, 2025
Individual clients · 137 to 139
May 31, 2024 to Apr 17, 2025
Assets in custody · $2.6M to $26.7M
May 31, 2024 to Apr 17, 2025
Employees · 3 to 4
May 31, 2024 to Apr 17, 2025
Financial planning clients · 1-10 to 1-10
May 31, 2024 to Apr 17, 2025
Discretionary RAUM · $226M to $291M
May 31, 2024 to Apr 17, 2025
HNW RAUM · $175M to $231M
May 31, 2024 to Apr 17, 2025
Individual RAUM · $51.2M to $56.8M
May 31, 2024 to Apr 17, 2025
RAUM · $226M to $291M
May 31, 2024 to Apr 17, 2025
BD registered reps · 0 to 1
May 23, 2024 to May 31, 2024
Assets in custody · unset to 2594452.0
Mar 14, 2024 to May 2, 2024
Custody of client assets · false to true
Mar 14, 2024 to May 2, 2024
Accounts · 424 to 434
Dec 7, 2023 to Mar 14, 2024
HNW clients · 51 to 56
Dec 7, 2023 to Mar 14, 2024
Individual clients · 144 to 137
Dec 7, 2023 to Mar 14, 2024
Financial planning clients · 0 to 1-10
Dec 7, 2023 to Mar 14, 2024
Discretionary RAUM · $221M to $226M
Dec 7, 2023 to Mar 14, 2024
HNW RAUM · $168M to $175M
Dec 7, 2023 to Mar 14, 2024
Individual RAUM · $52.3M to $51.2M
Dec 7, 2023 to Mar 14, 2024
RAUM · $221M to $226M
Dec 7, 2023 to Mar 14, 2024
Accounts · 0 to 424
Oct 2, 2023 to Dec 7, 2023
Business name · REDHAWK INVESTMENT MANAGEMENT, LLC to NICHOLSON WEALTH MANAGEMENT GROUP, LLC
Oct 2, 2023 to Dec 7, 2023
HNW clients · 0 to 51
Oct 2, 2023 to Dec 7, 2023
Individual clients · 0 to 144
Oct 2, 2023 to Dec 7, 2023
Legal name · REDHAWK INVESTMENT MANAGEMENT, LLC to NICHOLSON WEALTH MANAGEMENT GROUP, LLC
Oct 2, 2023 to Dec 7, 2023
Discretionary RAUM · $0 to $221M
Oct 2, 2023 to Dec 7, 2023

Signals

5 dated events

Sean Thomas O'Keefe left Nicholson Wealth Management Group for Ameriprise Financial Services, Llc (registered 2024-06-20)
Jun 18, 2024 · Advisor changed firm · fact
2 advisors left Wells Fargo Advisors (Charleston, SC) for Nicholson Wealth Management Group within 2 days
Oct 9, 2023 · Team lift-out · derived
Sean Kevin Woodard (Member And Manager) no longer on Schedule A of Nicholson Wealth Management Group (listed 2023-07-12, absent 2023-10-02)
Oct 2, 2023 · Control person left · inference
Laurens Joseph Nicholson (President And Member) appeared on Schedule A of Nicholson Wealth Management Group
Oct 2, 2023 · Control person joined · fact
Redhawk Investment Management, Llc filed its initial SEC registration (Form ADV)
Jul 12, 2023 · 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: 843-790-2625reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile: linkedin.com/company/nicholson-wealth-management-groupreportedpublic record, Form ADV, Sep 17, 2026
Website: nicholsonwmg.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 843-790-2625reportedpublic record, Form ADV, Jun 2, 2026
Team page: nicholsonwmg.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: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $161Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026