Nicollet Investment Management, Inc. (Minneapolis)

Name: Nicollet Investment Management, Inc.
Address: 100 North Sixth Street, Minneapolis, MN, 55403 1531
Telephone: 612-915-3033

Nicollet Investment Management, Inc. is a large advisory firm based in Minneapolis. It manages $260.33 million of regulatory assets for 600 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin.

Nicollet Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nicollet Investment Management: assets under management

The assets under management (AUM) of Nicollet Investment Management, Inc. is $260.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 280% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $260.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $433.88 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nicollet Investment Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nicollet Investment Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Nicollet Investment Management is high net worth individuals with 106 clients and $205.11 million of assets under management. Among the 6 most similar advisory firms, Nicollet Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $256.45 million for 233 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.

Nicollet Investment Management doesn't advise any private funds.

Careers at Nicollet Investment Management, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Lee C Hamilton has served as the Chief Investment Officer since 1 Feb 2000. Kathy Ann Carlson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Conrad Hoonsbeen	President, secretary, director	1 Dec 1999	75% - 100%	2599964
Michael John Oconnor	President, director	1 Dec 1999	50% - 75%	2121394
Lee C Hamilton	Chief investment officer	1 Feb 2000	Other	1829275
Kathryn Marie Cullenhuebschen	Chief compliance officer	1 Sep 2004	Other	2937602
Kathy Ann Carlson	Chief compliance officer	1 Mar 2010	Other	2599989

Based in Minneapolis

The principal office where Nicollet Investment Management, Inc. performs its advisory services is located at 100 North Sixth Street, Minneapolis, MN 55403 1531, 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 612-915-3033 or by fax 612-915-3034. The normal business hours are 7:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at nicolletinvest.com.