Nicholson Wealth Management Group, Llc
- Regulatory AUM
- $322M
- Discretionary
- $322M
- Clients
- 205
- Avg AUM / client
- $1.6M
- Accounts
- 543
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Jun 02, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 123 | $43.6M | 13.5% |
| High net worth individuals | 82 | $253M | 78.7% |
| Pension and profit sharing plans | 0 | $11.9M | 3.69% |
| Charitable organizations | 0 | $317K | 0.1% |
| Corporations and other businesses | 0 | $12.8M | 3.97% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Nelson Mullins Retirement Plan Nelson Mullins Riley & Scarborough Llp | 2024 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Elfenbein, Lonny, Scott | Chief Compliance Officer | Jul 2023 (3y) | Less than 5% | |
| Joseph Laurens Nicholson | President And Member | Aug 2023 (3y) | 75% or more | |
| John D Wagner | Registered representative | Jan 2026 (1y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Nelson Mullins Retirement Plan | Nelson Mullins Riley & Scarborough Llp | 1,831 | $679M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/02/2026 | 926 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $293M (91% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 02, 2026.
View current Form ADV (SEC/IAPD) ↗