Nicholas Olivas
Nicholas Olivas is a registered investment advisor at Prospera Financial Services, INC., based in Irvine, CA, with 8 years of industry experience. Their practice areas include Estate Planning, Retirement Planning. Their firm serves 19,103 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospera Financial Services offers investment management through various programs. The fees are based on a percentage of your portfolio's value and are negotiable, but the maximum annual fee is 2.15%. The specific fee and services are agreed upon in an advisory agreement. Fees are typically deducted from your account. Some programs may have additional fees, such as transaction costs or sub-account fees. Prospera also participates in revenue sharing with custodians and other third parties, which creates a conflict of interest.
Location
Irvine, CA
Get directionsHistory
Regulatory History (5)
Customer Dispute
December 2025Customer Dispute
November 2025Employment Separation After Allegations
November 2025Customer Dispute
August 2025Customer Dispute
January 2023Other Business Activities
Nicholas operates Bregma Private Wealth as a DBA for his LPL business. This activity is investment-related and takes about 35-50 hours per month, including 7 hours during trading.
Employment History
Current Registrations
Prospera Financial Services, INC.Broker
Prospera Financial Services, INC.
Previous Registrations
LPL Financial LLCBroker
LPL Financial LLC
Raymond James & Associates, INC.Broker
Raymond James & Associates, INC.
Oppenheimer & CO. INC.
Oppenheimer & CO. INC.Broker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations10 states
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.