Nicollet Investment Management, Inc.
- Regulatory AUM
- $557M
- Discretionary
- $557M
- Clients
- 301
- Avg AUM / client
- $1.9M
- Accounts
- 860
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of May 04, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 126 | $44.9M | 8.05% |
| High net worth individuals | 171 | $508M | 91.2% |
| Charitable organizations | 2 | $626K | 0.11% |
| Corporations and other businesses | 2 | $3.7M | 0.66% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Mankato Clinic, Ltd. 401(k) Profit Sharing Plan Mankato Clinic Ltd | 2024 |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Hoonsbeen, Mark, Conrad | President, Secretary, Director | Dec 1999 (27y) | 75% or more | |
| Carlson, Kathy, Ann | Chief Compliance Officer | Aug 2023 (3y) | Less than 5% | |
| Nicholas Kendall Heyer | Registered representative | Jan 2014 (13y) | ||
| Marc Christopher Hadley | Registered representative | CFP | Apr 2017 (9y) | |
| Timothy Shannon Fahey | Registered representative | Nov 2018 (8y) | ||
| Nathan R Travis | Registered representative | Nov 2019 (7y) | ||
| Susan Jalics Becker | Registered representative | CFA | Nov 2021 (5y) | |
| Naveen Paul Sharma | Registered representative | CFP | Jun 2024 (2y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Mankato Clinic, Ltd. 401(k) Profit Sharing Plan | Mankato Clinic Ltd | 873 | $236M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/04/2026 | 911 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $527M (95% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 04, 2026.
View current Form ADV (SEC/IAPD) ↗