# Nichols & Pratt Advisers LLP

> Nichols & Pratt Advisers LLP is an SEC-registered investment advisory firm in Boston, MA, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.

- CRD: 107113
- Filed as: NICHOLS & PRATT ADVISERS LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: August 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107113
- AdvisorCensus page: https://advisorcensus.com/firm/nichols-and-pratt-advisers-llp-boston-ma-107113

## Quick answers

**How is Nichols & Pratt Advisers LLP compensated?**
On its Form ADV (Item 5.E, October 2026), Nichols & Pratt Advisers LLP reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Nichols & Pratt Advisers LLP located?**
Nichols & Pratt Advisers LLP's principal office is in Boston, MA, according to its Form ADV.

**Is Nichols & Pratt Advisers LLP registered with the SEC or a state?**
Nichols & Pratt Advisers LLP is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 107113.

**How much does Nichols & Pratt Advisers LLP manage?**
Nichols & Pratt Advisers LLP reports $2,430,399,569 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (90% discretionary).

**How have Nichols & Pratt Advisers LLP's assets and staff changed since 2021?**
In the Form ADV data for Nichols & Pratt Advisers LLP: Regulatory assets under management: $1,913,639,116 in the October 2021 data and $2,430,399,569 in the October 2026 data, up 27%. Total employees: 25 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nichols & Pratt Advisers LLP serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (85); individuals (other than high net worth individuals) (21).

**Which custodians does Nichols & Pratt Advisers LLP use?**
Nichols & Pratt Advisers LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists SPTC as a custodian holding 10% or more of its separately managed account assets.

**Does Nichols & Pratt Advisers LLP report any disciplinary disclosures?**
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/107113

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- SPTC

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,430,399,569
- Discretionary: $2,181,224,469
- Non-discretionary: $249,175,100

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 21 | $21,758,386 |
| High net worth individuals | 85 | $2,176,122,149 |
| Other | Fewer than 5 | $232,519,034 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1994 (31 years)
- Employees: 20 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MA, NH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [nichols-pratt.com](https://nichols-pratt.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,913,639,116 | 25 | March 29, 2021 |
| October 2022 | $2,194,762,228 | 25 | March 31, 2022 |
| October 2023 | $1,945,292,049 | 25 | March 30, 2023 |
| October 2024 | $2,163,914,039 | 25 | March 28, 2024 |
| October 2025 | $2,321,889,366 | 21 | March 28, 2025 |
| October 2026 | $2,430,399,569 | 20 | August 26, 2026 |

Regulatory assets under management: $1,913,639,116 in the October 2021 data and $2,430,399,569 in the October 2026 data, up 27%.
Total employees: 25 in October 2021 and 20 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nichols & Pratt Advisers LLP (CRD 107113): Form ADV filing data as of October 2026.