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Warnke/nichols Ltd.

SEC Registered

Investing with a Margin of Safety

Delafield, WIhttps://warnkenichols.com262-303-4113
Assets Under Management
$100M–$500M
Year Founded
1993
Employees
2
Office Locations
1 office
Total Accounts
241

About the firm

Warnke/Nichols Ltd. is an independent, privately-owned money management firm that manages equity and balanced investment accounts on a fee-only basis. Founded in June 1993, the firm is registered with the U.S. Securities and Exchange Commission. Its mission is to provide clients with satisfactory long-term investment results consistent with preservation of capital through a value-oriented investment approach.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

High Net Worth

Areas of expertise

Value InvestingEquity ManagementBalanced AccountsFee-onlyCapital PreservationRetirement PlansNonprofit EndowmentsMargin Of Safety

Services

Fee-only management of equity and balanced investment accounts, with a value-oriented investment approach focused on capital preservation and satisfactory long-term returns.

Who they serve

Individuals, families, retirement plan sponsors (companies offering pension, profit-sharing, and 401(k) plans), and nonprofit organizations, including those who have accumulated or inherited wealth, and those who need to fund grants and ongoing operations through an endowment.

Client segmentClientsAssets managed
Individuals (Non-HNW)196$47M
High Net Worth Individuals45$113M

Leadership

William Roland Warnke
VICE PRESIDENT/TREASURER
Steven Ross Nichols
CHIEF COMPLIANCE OFFICER
Steven Ross Nichols
PRESIDENT

Office locations

1 office in 1 state
WI
DelafieldHQ

Regulatory & compliance

CRD number
#112181
SEC Number
801-79230
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Hourly
Asset tierAnnual rate
First $1,000,0001.00%
$1,000,001 to $3,000,0000.75%
$3,000,001 to $5,000,0000.50%
Above $5,000,0000.00%

Data as of February 2, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. Warnke/nichols Ltd. has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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