How do Nicollets services differ from those of a stockbroker?
The traditional stockbroker/client relationship is a service for the “do-it-yourself” individual; people who want to be involved with every decision in their portfolio. The stockbroker makes individual investment recommendations, but requires a client’s approval for most decisions. The traditional broker is most often paid from commissions his firm earns each time a security is bought or sold. Nicollet Investment Management’s service is different from the traditional stockbroker. We establish a long-term investment plan, which is our guide for the day-to-day management of our client’s accounts. Nicollet is not paid from trade commissions, but earns a fee based on the total amount managed for each client. Many stockbrokers are moving away from their traditional client relationship to managed account programs, also known as “wrap programs.” The term “wrap” refers to the fact that the stockbroker’s firm consolidates all fees into a single charge based on the value of the client’s account(
