| Advisor Profile |
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| Name: |
Christopher Nichols |
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Business Description |
| As a Registered Investment Advisor, Nichols Investment Advisory Services provides asset management services. Proposed portfolios are implemented through Fidelity Investment Advisor Group, a full service fee based asset management account enabling the purchase of no-load and loaded funds ( with sales charges waived) without transaction fees. Portfolios are reviewed monthly examining asset allocation percentages and other factors which may effect performance. Additionally quarterly performance reports with market commentary are available. The client is charged an annual fee. |
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General Information |
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| Insurance License#: |
life, health, disability
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| Name of Custodial Firm: |
Fidelity Investments
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| States Licensed in: |
Massachusetts
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| States Willing to do Business in: |
Massachusetts
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| Years of Experience in Financial Services: |
25
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| Number of Years with Current Firm: |
15
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| Work Experience: |
Started with John Hancock in the early eighties and then moved on to work with Fidelity Investments. Achieved account executive status at Fidelity working with there high net worth clients. In 1987 Started own practice working with senior level high tech executives. Practice continued as a Registered Investment Advisory firm working with Fidelity and performing investment advisory services for Physicians, retirees, small businesses. Designed and managed pension plans for small business and medical pratices. Also contined to do insurance planning for clients helping them with life,disability and there longterm care needs.
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| I work with the following types of clients: |
Non-Profit Organizations, Individual Investors, Businesses
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Education |
| Academic Background |
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BA, Political Science - Merrimack College (1979)
Masters in Public Administration - Suffolk University (1983) |
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Services |
| Investment Types: |
Real Estate, Exchange Traded Funds (ETFs), Alternative Investments, Options & Futures, Mutual Funds, Commodities, Insurance, Annuities, Stocks, Bonds, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Registered Investment Advisor (RIA) (State or SEC) or RIA representative, Accredited Asset Management Specialist (AAMS®)
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| Insurance and Annuity Licenses: |
Life, Long Term Care, Disability, Health
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| Firm's Number of Clients: |
100+
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| Firm's Number of Planning Clients: |
30
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| Firm's Number of Managed Clients: |
70
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| Assets Managed by Firm: |
$ 15,000,000.00
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| Advisor's Number of Clients: |
100
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| Advisor's Number of Managed Clients: |
70
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| Advisor's Number of Planning Clients: |
30
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| Assets Managed by Advisor: |
15,000,000.00
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Compliance |
| Registered Investment Advisor: |
Yes
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| Registered Representative: |
Yes
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| I am an acknowledged fiduciary: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-only financial professional: |
Yes
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| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
100,000.00
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| Compensation Methods: |
Based on Assets
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| Additional Details on Charges: |
When requested, I will work with clients on a fee only basis.
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| Minimum Fee Charged for Managed Accounts: |
$1500.00
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| Minimum Fee Charged for Hourly Planning Accounts: |
$100.00
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| Minimum Fee Charged for Flat Fee Accounts: |
$350.00
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| Prepared By: |
Christopher Nichols |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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Fees are prorated and portfolios are billed in advance. Upon written request advisor agreements may be terminated and fees will be refunded |
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| Q. |
What are your qualifications? What is your education background? |
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Nichols graduated from Merrimack College with a BA in 1979. Then attending Suffolk University Nichols received an MPA in 1981. Nichols has a fromal education in portfolio management and received an AAMS from the College of Financial Planning in Denver Colorado. |
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What is your approach to financial planning? |
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Our approach to financial planning embraces the concepts of modern portfolio theory. A fact finder is taken initialy and optimum portfolios are created taking into consideration risk tolerance, time horrizon, and other factors. Mutual funds are carefully screened and selected. Also, individual stocks and bonds amy be utilized. Portfolios are re-balanced on a quarterly basis. |
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What services do you offer? |
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Investment analysis and planning, portfolio management, insurance planning, modular financial planning including retirement planning. |
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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| Q. |
How are you compensated? How will I pay for your services? |
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fees are prorated and billed in advance. Fees are deducted from portfolios custodied at Fidelity Investments. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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We provide discretionary investment management services. Clients amy choose to be actively involved in any or all investment transactions. |
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| Q. |
Do you offer any guaranteed results? |
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Guarantees are only a feature of specific products or services which are guaranteed, such as CD's or fixed annuities. |
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How much risk should I be willing to take? |
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a factfinder is utilized to determined your risk tolerance. |
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Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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As an independent insurace broker we can work with many companies. |
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Are there any pre-existing conditions that you can not cover? |
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How long does it take to complete the application and approval process? |
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Is there a maximum age that you can insure? |
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What services do you provide? What are your specialties? |
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Portfolio design and management |
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What is your experience? How many clients do you currently manage? |
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What financial institution(s) do you represent? |
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As an independent Registered Investment Advisor we have the ability to work with many companies and do not receive any special compensation from any one company. |
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How do you charge for your services? |
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Fees are deducted quarterly from accounts custodied at Fidleity Investments. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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Nichols Investment Advisory Services brings together the powerfull resources of Fidelity Investments and the personal attention of a local investment professional. We provide a very objective dynamic service. Nichols has a very well rounded background in insurance and investments. |
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What are your management fees? |
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Typically around 1% of assets under management. |
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What kind of plans do you specialize in? |
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retirement planning, college planning, and help indesigning small pension plans. |
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Do you have a minimum requirement for number of employees or total investment value? |
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What type of plans do you offer? |
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Do you offer any additional services? |
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What are your qualifications? |
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formal education and many years of experience working with retirees. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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clients enter the process the same way, with the completion of a fact finder. |
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How long does the process of rolling over a 401K plan usually take? |
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What financial institutions do you represent? |
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We work closely with Fidelity Investments but are completely independent. |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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How many 401K rollover clients do you currently manage? |
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Why should I roll over my 401K plan to your firm? |
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We specialize in retirement planning |
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Do you provide a free initial consultation? |
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