Overview
Nichols & Pratt Advisers, LLP (sometimes referred to herein as the “Firm”) was founded in
1994. It was an outgrowth of Nichols & Pratt, LLP, a private trustee office founded in 1977.
Nichols & Pratt Advisers, LLP primarily advises trustees of private trusts, IRA owners and
individuals. Nichols & Pratt Advisers, LLP is owned by its six partners: Thomas E. Bator,
John K. Herbert III, Kimberly H. Latifi, Craig L. Melillo, Richard K. Nichols, and Patricia D.
Popov, none of whom individually own 25% or more of the Firm.
Nichols & Pratt Advisers, LLP provides investment advisory services and manages the
assets of clients by buying or recommending the purchase of stocks from an approved list
restricted to fewer than 75 publicly traded companies, representing largely what we
believe to be high-quality, seasoned companies with long stable histories and suitability for
fiduciary accounts; as well as a few select mutual funds, exchange-traded funds and debt
securities which are
typically either U.S. Government Obligations, U.S. Government
Agencies, or municipal and corporate debt securities generally rated AA or higher at the
time of investment by Moody’s Ratings or S&P Global Ratings. Many of our clients have the
primary aim of capital preservation with moderate income realization, and the secondary
aim of superior growth of capital and income. As of December 31, 2023, Nichols & Pratt
Advisers, LLP managed $1,908,904,375 on a discretionary basis and $255,009,664 on a
non-discretionary basis for our clients.
Advisory services are tailored to the individual needs of our clients. In consultation with
each client, the desired allocation between stocks and bonds for the client’s account is
determined, balancing the goals of current income with capital preservation and
appreciation, and gauging the tolerance of the account to sustain volatility. Clients may
impose restrictions on investments in certain securities or types of securities.