Nicholas Investment Partners, L.P. (Rancho Santa Fe)

Name: Nicholas Investment Partners, L.P.
Address: 6451 El Sicomoro Street, Rancho Santa Fe, CA, 92067
Telephone: 858-759-4545

Nicholas Investment Partners, L.P. is a large advisory firm based in Rancho Santa Fe. It manages $1.3 billion of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California and Florida.

Nicholas Investment Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Nicholas Investment Partners: assets under management

The assets under management (AUM) of Nicholas Investment Partners, L.P. is $1.3 billion. The firm's AUM has grown by 379% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.28 billion in discretionary accounts and $28.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.49 million.

Nicholas Investment Partners has custody of $120.56 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nicholas Investment Partners, L.P. for their services and products based on a percentage of assets under management and performance-based fees. 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 Nicholas Investment Partners serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Nicholas Investment Partners is state or municipal government entities with 5 clients and $456.66 million of assets under management. Among the 12 most similar advisory firms, Nicholas Investment Partners has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.28 billion for 26 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.

Nicholas Investment Partners also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Nicholas Investment Partners, L.P.

The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Nicholas Investment Partners	General partner	1 Mar 2006	Other	01-0801437
Catherine Charlotte Somhegyi Nicholas	Chief investment officer, managing partner	1 Mar 2006	25% - 50%	1493778
Arthur Edward Nicholas	Senior partner, limited partner	1 Mar 2006	25% - 50%	1791528
Arthur Greg Gleeson	Chief operating officer, chief compliance officer, limited partner	1 Mar 2006	Other	3174053
Laura Stanley Demarco	Dead of sales & client service, limited partner	1 Nov 2007	Other	1791541
John David Wylie	Portfolio manager, limited partner	1 Nov 2007	Other	1122263
Laura Stanley Demarco	Head of sales & client service, limited partner	1 Jan 2008	Other	1791541
John David Wylie	Portfolio manager, limited partner	1 Jan 2008	Other	1122263
Arthur Edward Nicholas	Senior portfolio manager, limited partner	1 May 2008	25% - 50%	1791528
Catherine Charlotte Somhegyi Nicholas	Chief investment officer, managing partner	1 Jun 2008	25% - 50%	1493778
Tammy Lynn Wiseman	Marketing manager, limited partner	1 Mar 2009	Other	2226786
Christopher Paul Siriani	President, coo, cco, limited partner	1 Apr 2011	Other	2059500
Jennifer Roper	Chief administrative officer	1 Apr 2011	Other	5906485
Lisa Gable Wheatley	Sr research analyst	1 Jul 2015	Other	6631993
Alexander Stephen Reison	Head trader	1 Jan 2017	Other	6856182
Nip 3 Lp	Limited partner	1 Feb 2017	75% - 100%	82-0698323
Catherine Newcomb Burdick	Cco	1 Aug 2019	Other	2177017

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Catherine Charlotte Somhegyi Nicholas	Trustee	1 Sep 1994	Other	1493778
Arthur Edward Nicholas	Trustee	1 Dec 1995	Other	1791528
Trustee Of The Arthur E. Nicholas Trust Dated 12/21/1995 Arthur E. Nicholas	Limited partner	1 Jan 2001	75% - 100%	xxx-xx-xxxx
L.P. Aen	Member	1 Jan 2001	75% - 100%	33-0942148
Llc Aen	General partner	1 Jan 2001	Other	xxx-xx-xxxx
Arthur Edward Nicholas	Manager	1 Jan 2001	Other	1791528
Catherine Charlotte Somhegyi Nicholas	Manager	1 Nov 2003	Other	1493778
Trustee Of The Catherine Charlotte Nicholas Trust Dated 9/15/94 Catherine Charlotte Nicholas	Member	1 Nov 2003	50% - 75%	xxx-xx-xxxx
Arthur Edward Nicholas	Member	1 Nov 2003	Other	1791528
Llc Nic	Member	1 Nov 2003	25% - 50%	33-0942148
Catherine Charlotte Somhegyi Nicholas	Managing partner, as single member of ccn wy llc	1 Feb 2017	25% - 50%	1493778
Arthur Edward Nicholas	Limited partner, as single member of aen wy llc	1 Feb 2017	25% - 50%	1791528

Based in Rancho Santa Fe

The principal office where Nicholas Investment Partners, L.P. performs its advisory services is located at 6451 El Sicomoro Street, Rancho Santa Fe, CA 92067 The mailing address of the firm is Po Box 9267, Rancho Santa Fe, CA 92067. An additional office of the firm is in Douglas, WY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-759-4545 or by fax 858-756-6542. The normal business hours are 7am to 4pm on Monday - Friday. You can find more information about the New York firm at nicpartners.com.