Warnke/Nichols Ltd.

Warnke/Nichols provides discretionary portfolio management and investment advice to individuals and families, as well as to corporate employee retirement plans and nonprofit organizations. The firm serves a mix of individual and high-net-worth clients and offers portfolio construction, ongoing monitoring, periodic reporting, and consultative services including guidance on retirement rollovers and limited hourly or flat-fee consultations.

The firm follows a value-investing discipline based on fundamental analysis, seeking to purchase stocks at material discounts to calculated intrinsic value and typically holding positions for multiple years, with an average holding period cited as over five years. Fixed income is managed conservatively with a laddered approach, and equity portfolios are generally diversified into roughly a dozen to twenty holdings with discretionary rebalancing as market conditions or client circumstances change.

Noteworthy for a firm of its size, several discretionary client accounts are enrolled in a broker‑sponsored wrap-fee program, a practice that is relatively uncommon among peers. The brochure also discloses an ongoing transition of client households to another registered adviser while the firm remains in operation during the transfer, a structural change that prospective clients should be aware of.