{
  "crd_number": 107054,
  "slug": "donald-w-nicholson-and-associates-ltd-wilmington-de-107054",
  "primary_business_name": "DONALD W. NICHOLSON & ASSOCIATES LTD",
  "legal_name": "DONALD W. NICHOLSON & ASSOCIATES LTD",
  "dbas": [],
  "city": "Wilmington",
  "state": "DE",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1999-11-26",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-04-01",
  "carried_forward": false,
  "raum_total": 171236167.0,
  "raum_discretionary": 115929158.0,
  "raum_non_discretionary": 55307009.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 1739057.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 42230026.0,
      "count": 106
    },
    "high_net_worth_individuals": {
      "raum": 127267084.0,
      "count": 50
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "DE",
    "FL",
    "LA",
    "NJ",
    "PA",
    "TX"
  ],
  "websites": [
    "https://facebook.com/NICHOLSONWEALTHMGT",
    "https://linkedin.com/COMPANY/DONALD-W-NICHOLSON-&-ASSOCIATES-LTD-",
    "https://nicholson-associates.com",
    "https://twitter.com/DONALDWNICHOLS2"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107054",
  "city_as_filed": "WILMINGTON",
  "url": "https://advisorcensus.com/firm/donald-w-nicholson-and-associates-ltd-wilmington-de-107054",
  "display_name": "Donald W. Nicholson & Associates Ltd",
  "summary": "Donald W. Nicholson & Associates Ltd is an SEC-registered investment advisory firm in Wilmington, DE, registered since 1999, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 1, 2026.",
  "citation": "AdvisorCensus. Donald W. Nicholson & Associates Ltd (CRD 107054): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is Donald W. Nicholson & Associates Ltd compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Donald W. Nicholson & Associates Ltd reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Donald W. Nicholson & Associates Ltd charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Hourly rate: $300 an hour (Comprehensive Financial Plan); Flat fee: $25,000 (Comprehensive Financial Plan). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Donald W. Nicholson & Associates Ltd located?",
      "a": "Donald W. Nicholson & Associates Ltd's principal office is in Wilmington, DE, according to its Form ADV."
    },
    {
      "q": "Is Donald W. Nicholson & Associates Ltd registered with the SEC or a state?",
      "a": "Donald W. Nicholson & Associates Ltd is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 107054."
    },
    {
      "q": "How much does Donald W. Nicholson & Associates Ltd manage?",
      "a": "Donald W. Nicholson & Associates Ltd reports $171,236,167 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (68% discretionary)."
    },
    {
      "q": "How have Donald W. Nicholson & Associates Ltd's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Donald W. Nicholson & Associates Ltd: Regulatory assets under management: $197,116,978 in the October 2021 data and $171,236,167 in the October 2026 data, down 13%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Donald W. Nicholson & Associates Ltd serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (106); high net worth individuals (50)."
    },
    {
      "q": "Which custodians does Donald W. Nicholson & Associates Ltd use?",
      "a": "Donald W. Nicholson & Associates Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Donald W. Nicholson & Associates Ltd report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107054"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 197116978.0,
      "total_employees": 4,
      "filing_date": "2021-04-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 209008848.0,
      "total_employees": 6,
      "filing_date": "2022-04-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 164947386.0,
      "total_employees": 5,
      "filing_date": "2023-04-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 178257195.0,
      "total_employees": 5,
      "filing_date": "2024-04-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 171343129.0,
      "total_employees": 6,
      "filing_date": "2025-05-05"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 171236167.0,
      "total_employees": 5,
      "filing_date": "2026-04-01"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $300 an hour (Comprehensive Financial Plan)",
      "Flat fee: $25,000 (Comprehensive Financial Plan)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (Comprehensive Financial Plan)"
        ],
        "quotes": [
          "All fees are calculated based upon an hourly rate of up to $300 per hour, based upon the complexity of the services to be provided."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $25,000 (Comprehensive Financial Plan)"
        ],
        "quotes": [
          "In some cases, at the sole discretion of the firm, the fee may be quoted on a fixed-fee or retainer basis, not to exceed $25,000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Comprehensive Financial Plan"
        },
        {
          "kind": "flat",
          "amount": 25000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Comprehensive Financial Plan"
        }
      ]
    },
    "quotes": [
      "All fees are calculated based upon an hourly rate of up to $300 per hour, based upon the complexity of the services to be provided.",
      "In some cases, at the sole discretion of the firm, the fee may be quoted on a fixed-fee or retainer basis, not to exceed $25,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/donald-w-nicholson-and-associates-ltd-wilmington-de-107054.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 106,
      "fewer_than_5": false,
      "raum": 42230026.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 50,
      "fewer_than_5": false,
      "raum": 127267084.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 1739057.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107054",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}