Nicolet Wealth Management

Nicolet Advisory Services provides retirement plan advisory and consulting to plan sponsors and fiduciaries, primarily for participant-directed defined-contribution plans such as 401(k) and 403(b) arrangements. Its services described in the brochure include preparing and annually reviewing investment policy statements, ongoing investment selection and monitoring, QDIA assistance, participant education, benchmarking, and plan service provider search and conversion support.

When engaged as an ERISA investment manager, the firm acts with discretionary authority to implement a plan’s investment program and performs annual plan reviews and ongoing monitoring of investment options. Portfolio manager selection and oversight are conducted by an internal Nicolet Wealth Investment Research Team and vetted by the Nicolet Wealth Management Investment Committee, and the firm coordinates custody and ERISA fiduciary services through Vestwell and its sub-custodian arrangement.

The firm is wholly owned by Nicolet Bankshares, Inc., and operates under common control with Nicolet National Bank, a relationship the brochure discloses and that can create potential conflicts when banking services or bank-issued securities are discussed. The brochure also notes that several supervised persons are registered representatives of a broker-dealer and licensed insurance agents, and that clients must use Vestwell custody to receive the firm’s ERISA fiduciary services—operational features that distinguish its delivery model from many independent multi-team advisers.