Nikulski Financial, Inc. (Bettendorf)

Name: Nikulski Financial, Inc.
Address: 3289 Utica Ridge Road, Bettendorf, IA, 52722
Telephone: 563-344-0118

Nikulski Financial, Inc. is a large advisory firm based in Bettendorf. It manages $149 million of regulatory assets for 1,203 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, Colorado, Illinois, Iowa, and Texas.

Nikulski Financial provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nikulski Financial: assets under management

The assets under management (AUM) of Nikulski Financial, Inc. is $149 million. The firm's AUM has grown by 171% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.4 million in discretionary accounts and $23.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $164.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $53.39 thousand.

Nikulski Financial has custody of $71.2 million in cash and securities for 149 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nikulski Financial, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Nikulski Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Nikulski Financial is high net worth individuals with 40 clients and $82.5 million of assets under management. Among the 10 most similar advisory firms, Nikulski Financial has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $148.3 million for 282 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.

Nikulski Financial doesn't advise any private funds.

Careers at Nikulski Financial, Inc.

The company employs 3 people that are either part- or full-time employees. 67 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Jacob Nikulski	President and chief compliance officer	1 Jan 2008	75% - 100%	2630600

Based in Bettendorf

The principal office where Nikulski Financial, Inc. performs its advisory services is located at 3289 Utica Ridge Road, Bettendorf, IA 52722, 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 563-344-0118 or by fax 563-344-0120. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at nikulskifinancial.com and its LinkedIn profile.