St. Nicholas Private Asset Management, Inc.

St. Nicholas Private Asset Management provides discretionary portfolio management and investment advice to high‑net‑worth individuals, trusts, foundations, endowments, and charitable institutions, and offers retirement account guidance including IRA rollover recommendations. The firm bills clients on a percentage‑of‑assets basis for managed portfolios and does not target non‑high‑net‑worth individual clients.

The firm employs a Growth‑At‑a‑Reasonable‑Price (GARP) equity strategy using a three‑step process—initial screens, a proprietary ranking model, and primary/secondary research—combined with a defined sell discipline to limit holdings that materially deteriorate. Its fixed‑income management emphasizes primarily investment‑grade bonds with a tendency toward shorter average maturities (generally ten years or less), and the firm conducts daily monitoring with regular client reporting.

Distinctive features include a formal solicitor/promoter arrangement that handles client-facing administrative tasks and receives a meaningful share of collected advisory fees, and the firm’s occasional role as trustee, trust protector, executor or guardian for specific client accounts—arrangements that subject those accounts to independent surprise examinations. With about $151 million in assets under management across roughly 92 client relationships, the firm pairs a focused HNW client base with a proprietary equity process and active account oversight.