Cladis Investment Advisory LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$151,046,156
Clients
114
Advisors
3
of 3 employees
About
Cladis Investment Advisory provides discretionary portfolio management and financial planning services to individuals — including many high‑net‑worth clients — as well as trusts, estates, charitable organizations, corporations and pension or profit‑sharing plans. As of December 31, 2025 the firm reported approximately $242.6 million in assets under management for about 114 clients and also offers hourly consultative financial planning.
The firm’s investment process emphasizes structured asset allocation and diversification across equity and fixed‑income asset classes, with portfolios tailored to each client’s risk tolerance, time horizon, and liquidity needs; the firm may tactically overweight sectors it deems “out‑of‑favor.” Implementation focuses on individual domestic and foreign exchange‑listed stocks, corporate and government bonds, mutual funds and ETFs, excludes derivatives and options, and uses interactive financial planning software to engage clients.
Distinctive features relative to many peers include a high concentration of assets managed on a discretionary basis and a relatively small client base, yielding a higher average account size per client. The firm generally recommends TradePMR with clearing through Wells Fargo and receives platform, reporting and research services at no charge (a disclosed potential conflict), does not vote client proxies, and makes fees negotiable while offering a stated hourly rate for consultation.
Client services
Expertise
Fee options
Flat quarterly fee negotiable
$0 - $999,999 or less: 1.25% $1,000,000 - $2,499,999: 1.00% $2,500,000 - $4,999,999: 0.90% $5,000,000 - $10,000,000: 0.75% Above $10,000,000+: Negotiable
$200.00 per hour
Account minimum: $250,000 Fee-only: Flat quarterly fees negotiable
Main office
180 S. 32nd St. West, Suite 1
Billings MT 59102
Advisors at this office
3
Most active in
Montana · Nebraska
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Nicholas C
Series 63, Series 65
Billings, MT
Cladis Investment Advisory LLC
Nicholas Cladis is a financial advisor with Cladis Investment Advisory LLC in Billings, MT, holding Series 63 and Series 65 credentials and over 52 years of industry experience. He has been with Cladis Investment Advisory since its founding in 2010. Cladis Investment Advisory provides discretionary portfolio management and financial planning services to individuals, trusts, estates, charitable organizations, corporations, and pension or profit-sharing plans. The firm emphasizes structured asset allocation and diversification tailored to client-specific factors, managing a relatively small client base with a high concentration of assets on a discretionary basis.
Tracy H
Series 66
Billings, MT
Cladis Investment Advisory LLC
Tracy Hawbaker is a financial advisor at Cladis Investment Advisory LLC with 17 years of industry experience. She holds the Series 66 designation and has been with Cladis Investment Advisory since 2010. Cladis Investment Advisory provides discretionary portfolio management and financial planning services to individuals, trusts, estates, charitable organizations, corporations, and pension or profit-sharing plans. The firm emphasizes structured asset allocation and diversification tailored to each client’s risk tolerance and goals, managing a relatively small client base with a high average account size.
Henry Z
Series 65
Billings, MT
Cladis Investment Advisory LLC
Henry Zander V is a financial advisor at Cladis Investment Advisory LLC with one year of industry experience. He holds a Series 65 designation and previously worked at Monroe Capital LLC. His background includes educational roles at Colorado State University, Culver Military Academy, New Trier High School, and Chairavalle Montessori School. Cladis Investment Advisory provides discretionary portfolio management and financial planning services to individuals, trusts, estates, charitable organizations, corporations, and pension or profit-sharing plans. The firm focuses on structured asset allocation and diversification, tailoring portfolios to client-specific risk tolerance, time horizon, and liquidity needs.
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