Nicholas Bormann
Bormann Wealth Management, LLC. · Spokane, Washington
Nicholas Bormann is a fee-only financial advisor at Bormann Wealth Management, LLC. in Spokane, Washington, who holds the CFP credential. Nicholas charges a percentage of assets, hourly fees and a one-time planning fee ($400 an hour and 1% a year on the first tier of assets managed) and focuses on pension planning and retirement planning.
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Specialties
Who they serve
- Retirees
Facts
| Firm | Bormann Wealth Management, LLC. |
|---|---|
| Based in | Spokane, Washington |
| Fee model | Percentage of assets · Hourly · One-time planning fee |
| Fees (firm's website) | $400 an hour · 1% a year on the first tier of assets managed |
| Accepting new clients | Yes |
| Assets under management | $8.4M across 46 accounts |
| Credentials | CFP |
| SEC registration | Investment adviser representative in WA · CRD 6577036 |
| Exams passed | Series 66 (2016) |
| Firm size | 1 employee |
| Disclosures | None reported |
| Website | www.nickbormann.com |
| Profile |
How Nicholas's firm compares
- The hourly rate is $400, above the Washington median of $300 for fee-only firms that publish prices.
- Bormann Wealth Management, LLC.'s average account is about $183,000, from its Form ADV (assets managed divided by 46 accounts).
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Questions about Nicholas
Is Nicholas Bormann a fee-only financial advisor?
Yes, according to SEC records as of October 29, 2026: Nicholas holds no broker registration, and Bormann Wealth Management, LLC. reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.
How does Nicholas charge for financial advice?
Nicholas charges a percentage of assets, hourly fees and a one-time planning fee.
How much does Nicholas charge?
According to Bormann Wealth Management, LLC.'s website, checked October 30, 2026: $400 an hour; 1% a year on the first tier of assets managed.
Where is Nicholas Bormann based?
Nicholas Bormann is based in Spokane, Washington.
What does Nicholas specialize in?
Nicholas's specialties include pension planning and retirement planning. Nicholas works with retirees.
What credentials does Nicholas Bormann hold?
Nicholas Bormann holds the CFP credential.
Is Nicholas Bormann registered with the SEC?
Yes. Nicholas Bormann is registered as an investment adviser representative in WA (CRD 6577036), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.
How much does Bormann Wealth Management, LLC. manage?
Bormann Wealth Management, LLC. reports $8.4M across 46 accounts in assets under management.
How do I contact Nicholas Bormann?
Through Nicholas's website, www.nickbormann.com.
What these terms mean: fee-only · fiduciary · CFP · CRD number · all terms
Where this information comes from
- SEC adviser records : the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- Bormann Wealth Management, LLC. website : specialties, clients served, and fees, checked October 30, 2026
- SEC Investment Adviser Public Disclosure : registration, exams, and the firm's Form ADV, data as of October 29, 2026
- Directory listing last checked October 30, 2026.
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