Warnke/Nichols Ltd. (Delafield)

Name: Warnke/Nichols Ltd.
Address: 417 N. Genesee Street, Delafield, WI, 53018
Telephone: 262-303-4113

Warnke/Nichols Ltd. is a large advisory firm based in Delafield. It manages $139.2 million of regulatory assets for 78 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Wisconsin.

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

Warnke/Nichols: assets under management

The assets under management (AUM) of Warnke/Nichols Ltd. is $139.2 million. The firm's AUM has grown by 271% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.5 million in discretionary accounts and $1.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.7 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Warnke/Nichols Ltd. for their services and products based on a percentage of assets under management and hourly charges. 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 Steven Ross Nichols serves?

The only and largest group of clients of Steven Ross Nichols is individuals with 78 clients and $139.2 million of assets under management. Among the 9 most similar advisory firms, Warnke/Nichols has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $139.2 million for 78 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.

Warnke/Nichols doesn't advise any private funds.

Careers at Warnke/Nichols Ltd.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Steven Ross Nichols has been acting as President since 1 Apr 1993. William Roland Warnke joined the executive team most recently as the Vice President/Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Roland Warnke	Vice president/treasurer	1 Apr 1993	50% - 75%	4398470
Steven Ross Nichols	President	1 Apr 1993	50% - 75%	2006460
Steven Ross Nichols	Chief compliance officer	1 Oct 2004	50% - 75%	2006460

Based in Delafield

The principal office where Warnke/Nichols Ltd. performs its advisory services is located at 417 N. Genesee Street, Delafield, WI 53018, 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 262-303-4113 or by fax 262-303-9035. The normal business hours are 7:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at warnkenichols.com.