Nichols & Pratt Advisers LLP
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About
Nichols & Pratt Advisers primarily serves trustees of private trusts, IRA owners and individual clients, as well as estates, foundations and select institutional clients. The firm provides discretionary and non-discretionary investment advisory services focused on portfolio management, custody coordination, and related administrative services for fiduciary accounts.
The firm follows a low‑turnover, long‑term investment approach that emphasizes capital preservation and moderate income, setting asset allocation between stocks and bonds in consultation with clients. Equity selections are drawn from an approved list restricted to fewer than 75 public companies, while fixed‑income holdings are generally investment‑grade, laddered, and purchased with the intent to hold to maturity.
Nichols & Pratt is affiliated with a separate trustee partnership and, in some cases, with partners who practice in a law partnership to which the firm may refer clients for estate planning and settlement matters, though the advisory firm does not participate in legal fees. Unlike many peers, the firm does not offer financial planning services and uses specialized third‑party providers (e.g., foreign tax reclamation and class‑action recovery vendors) to support certain client needs.
Client services
Expertise
Occupation focus
Fee options
$0 - $1,000,000: $9.50 per $1,000 annually (equivalent to 0.95%) $1,000,001 - $2,000,000: $8.50 per $1,000 annually (equivalent to 0.85%) $2,000,001 - $3,000,000: $7.50 per $1,000 annually (equivalent to 0.75%) $3,000,001 - $5,000,000: $6.00 per $1,000 annually (equivalent to 0.60%) $5,000,001+: $4.00 per $1,000 annually (equivalent to 0.40%)
Fee-only: Fees charged based on tiered asset rates as stated; no commissions received by firm
Main office
50 Congress Street, Suite 832
Boston MA 02109-4002
Advisors at this office
2
Most active in
California · Massachusetts · New Hampshire · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Lawyer
They provide legal services, typically billed separately.
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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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
Thomas B
CFA®
Boston, MA
Nichols & Pratt Advisers LLP
Thomas Bator is a CFA® charterholder with over 30 years of experience in the financial and legal fields. He is a partner at Nichols & Pratt Advisers LLP and also practices as an estate planning attorney with Pratt, Bator & Popov, LLP. In addition to his advisory role, he serves as a trustee and handles trust administration. Nichols & Pratt Advisers LLP primarily advises trustees of private trusts, IRA owners, individuals, estates, and foundations, as well as select institutional clients. The firm employs a low-turnover, long-term investment approach focused on capital preservation and moderate income, implementing portfolios from a curated list of publicly traded companies, mutual funds, ETFs, and investment-grade bonds.
Richard N
CFA®
Boston, MA
Nichols & Pratt Advisers LLP
Richard Nichols is a CFA® charterholder with 29 years of experience at Nichols & Pratt Advisers LLP in Boston, MA. He serves as a trustee and is involved in trust administration, dedicating significant time to these activities. Nichols & Pratt Advisers LLP primarily advises trustees of private trusts, IRA owners, individuals, estates, and foundations, as well as select institutional clients. The firm manages approximately $2.32 billion in client assets and employs a low-turnover, long-term investment strategy focused on capital preservation and moderate income.
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