Nuku Asset Inc. (Bainbridge Island)

Name: Nuku Asset Inc.
Address: 755 Winslow Way E, Bainbridge Island, WA, 98110
Telephone: 206-596-2110

Nuku Asset Inc. is an internet adviser based in Bainbridge Island. It manages $2.38 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Washington.

Nuku Asset provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nuku Asset: assets under management

The assets under management (AUM) of Nuku Asset Inc. is $2.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 995% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.83 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nuku Asset Inc. 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.

What kind of clients Nuku Asset serves?

The only and largest group of clients of Nuku Asset is individuals with 14 clients and $2.38 million of assets under management. Among the 4 most similar advisory firms, Nuku Asset has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.38 million for 14 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Nuku Asset doesn't advise any private funds.

Careers at Nuku Asset Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carson Robert Cole	President, chief investment officer	1 Jan 2012	75% - 100%	2516660
David Edward Mcclean	Chief compliance officer	1 Jan 2012	Other	1211045
Alex M. Vanderpol	Chief legal officer, chief operating officer	1 Nov 2013	Other	4049685
Alex M. Vanderpol	Chief compliance officer	1 Oct 2014	Other	4049685

Based in Bainbridge Island

The principal office where Nuku Asset Inc. performs its advisory services is located at 755 Winslow Way E, Bainbridge Island, WA 98110, 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 206-596-2110. The normal business hours are 7 a.m. to 3 p.m. on Monday - Friday. You can find more information about the New York firm at nuku.com.