SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Nicholas Investment Partners, L.P.
San Diego, CA
CRD 140159
Firm filing updated July 10, 2026 ·
- $1.5BAssets
- 5Advisory staff
- 32Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- State or municipal government entities (including government pension plans)11
- High net worth individuals8
- Pooled vehicles3
- Charities3
- Investment companies1
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | 8 | $536.2 million |
| Investment companies | 1 | $143.2 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $348.1 million |
| Charitable organizations | 3 | $22.5 million |
| State or municipal government entities (including government pension plans) | 11 | $400.9 million |
| Other investment advisors | Fewer than 5 clients | $0 |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 5 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other: "NON DISCRETIONARY MODEL PORTFOLIO TO PLATFORM SPONSOR"
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other: "NON DISCRETIONARY MODEL PORTFOLIO TO PLATFORM SPONSOR"
Assets and accounts
- Regulatory assets$1.5 billion
- Accounts32
- DiscretionaryAll accounts
People
- Employees12
- Advisory staff5
- Broker-dealer reps1
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 140159, SEC file 801-66532.
- Registered with the SEC as an investment advisor (status date on record: April 17, 2006).
Is Nicholas Investment Partners, L.P. a fiduciary?
Short answer: Nicholas Investment Partners, L.P. is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 1 staff member is a broker-dealer representative. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.