Nichols & Pratt Advisers LLP

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Client assets under management

$2,197,880,535

Clients

106

80% high-net worth

Advisors

of 20 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

Typical

Average account size

$20,734,722

About

Nichols & Pratt Advisers primarily serves trustees of private trusts, IRA owners and individual clients, as well as estates, foundations and select institutional clients. The firm provides discretionary and non-discretionary investment advisory services focused on portfolio management, custody coordination, and related administrative services for fiduciary accounts.

The firm follows a low‑turnover, long‑term investment approach that emphasizes capital preservation and moderate income, setting asset allocation between stocks and bonds in consultation with clients. Equity selections are drawn from an approved list restricted to fewer than 75 public companies, while fixed‑income holdings are generally investment‑grade, laddered, and purchased with the intent to hold to maturity.

Nichols & Pratt is affiliated with a separate trustee partnership and, in some cases, with partners who practice in a law partnership to which the firm may refer clients for estate planning and settlement matters, though the advisory firm does not participate in legal fees. Unlike many peers, the firm does not offer financial planning services and uses specialized third‑party providers (e.g., foreign tax reclamation and class‑action recovery vendors) to support certain client needs.

Client services

Portfolio management

Expertise

Wealth management General estate planning guidance

Occupation focus

Retired

Fee options

Percentage

$0 - $1,000,000: $9.50 per $1,000 annually (equivalent to 0.95%) $1,000,001 - $2,000,000: $8.50 per $1,000 annually (equivalent to 0.85%) $2,000,001 - $3,000,000: $7.50 per $1,000 annually (equivalent to 0.75%) $3,000,001 - $5,000,000: $6.00 per $1,000 annually (equivalent to 0.60%) $5,000,001+: $4.00 per $1,000 annually (equivalent to 0.40%)

Project-based

Other

Fee-only: Fees charged based on tiered asset rates as stated; no commissions received by firm

Main office location

Nichols & Pratt Advisers LLP

50 Congress Street, Suite 832

Boston MA 02109-4002, United States

Number of offices

Most active in

California · Massachusetts · New Hampshire · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Lawyer

They provide legal services, typically billed separately.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 617-523-6800

Advisors at this firm

Thomas B

CFA®

Boston, MA

Nichols & Pratt Advisers LLP

Thomas Bator is a CFA® charterholder with over 30 years of experience in the financial and legal fields. He is a partner at Nichols & Pratt Advisers LLP and also practices as an estate planning attorney with Pratt, Bator & Popov, LLP. In addition to his advisory role, he serves as a trustee and handles trust administration. Nichols & Pratt Advisers LLP primarily advises trustees of private trusts, IRA owners, individuals, estates, and foundations, as well as select institutional clients. The firm employs a low-turnover, long-term investment approach focused on capital preservation and moderate income, implementing portfolios from a curated list of publicly traded companies, mutual funds, ETFs, and investment-grade bonds.

Wealth management General estate planning guidance Retired

Richard N

CFA®

Boston, MA

Nichols & Pratt Advisers LLP

Richard Nichols is a CFA® charterholder with 29 years of experience at Nichols & Pratt Advisers LLP in Boston, MA. He serves as a trustee and is involved in trust administration, dedicating significant time to these activities. Nichols & Pratt Advisers LLP primarily advises trustees of private trusts, IRA owners, individuals, estates, and foundations, as well as select institutional clients. The firm manages approximately $2.32 billion in client assets and employs a low-turnover, long-term investment strategy focused on capital preservation and moderate income.

Wealth management General estate planning guidance Retired

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