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Nicholas Flatness

Principal Securities, INC.
15 Years of Experience
Minnetonka, MN
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Nicholas Flatness is a registered investment advisor at Principal Securities, INC., based in Minnetonka, MN, with 15 years of industry experience. Nicholas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

11100 Wayzata Blvd, Ste 405, Minnetonka, MN, 55305

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
December 2014
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Nicholas is an insurance agent selling life, annuity, disability income, health, long-term care, Medicare Supplement, and group insurance products, dedicating about 10-20% of his time to this activity. He is also a board member for the Parachute Foundation, spending minimal time on this role.

Employment History
Current Registrations
Principal Securities, INC.
February 2020 - Present · 6 yrs 8 mos
Principal Securities, INC.Broker
February 2020 - Present · 6 yrs 8 mos
Previous Registrations
Park Avenue Securities LLC
November 2017 - January 2020 · 2 yrs 2 mos
Park Avenue Securities LLCBroker
November 2017 - January 2020 · 2 yrs 2 mos
MML Investors Services, LLC
March 2017 - November 2017 · 8 mos
MML Investors Services, LLCBroker
March 2017 - November 2017 · 8 mos
Msi Financial Services, INC.
August 2014 - March 2017 · 2 yrs 7 mos
Msi Financial Services, INC.Broker
July 2014 - March 2017 · 2 yrs 8 mos
Waddell & Reed
November 2013 - July 2014 · 8 mos
Waddell & ReedBroker
October 2013 - July 2014 · 9 mos
Waddell & Reed, INC.Broker
June 2006 - June 2009 · 3 yrs
State Registrations20 states
ARCOFLIAINMAMNMTNENHNJNVOHPASDTXUTVTWAWI
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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