Nic Management LLC (New York)

Name: Nic Management LLC
Address: 1345 Avenue Of The Americas, New York, NY, 10105
Telephone: 212-798-6100

Nic Management LLC is a large advisory firm based in New York. It manages $422.78 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of New York.

Nic Management provides portfolio management for pooled investment vehicles and collateral management for collateralized debt obligations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nic Management: assets under management

The assets under management (AUM) of Nic Management LLC is $422.78 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $422.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $28.19 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nic Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Nic Management LLC

Sarah Louise Watterson joined the executive team most recently as the Chief Executive Officer And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Newcastle Investment Corp.	Sole member	1 Dec 2010	75% - 100%	81-0559116
Kenneth M Riis	Chief executive officer	1 Dec 2010	Other	1859456
Michael Joshua Cohn	Chief compliance officer	1 Dec 2010	Other	4938950
Drive Shack Inc.	Sole member	1 Dec 2010	75% - 100%	81-0559116
Brian Chad Sigman	Chief financial officer	1 Dec 2010	Other	5874585
Justine Annette Cheng	Chief financial officer and treasurer	1 Mar 2014	Other	3110700
Sarah Louise Watterson	Chief executive officer and president	1 Sep 2016	Other	5543018
Lawrence Arthur Goodfield	Chief financial officer and treasurer	1 Sep 2016	Other	6762592

Based in New York

The principal office where Nic Management LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-798-6100 or by fax 917-591-8633. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at newcastleinv.com.