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Eric C. Nichols

CFP, CLU, RICP, CRPC
Personal Finance, Retirement, Lifestage Based Planning
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“Eric Nichols is the President and Founder of Educated Wealth Strategies, a financial services firm focused on offering high-end, comprehensive service to education professionals and their families. Eric is passionate about providing financial planning advice that is holistic, affordable, and centered on accomplishing family goals, not on a dollar amount.”
Firm:

Educated Wealth Strategies

Job Title:

President

Biography:

Eric C. Nichols, CFP®, CLU®, RICP®, CRPC® is a financial advisor who focuses on offering holistic, high quality, comprehensive financial planning advice to educators and their families.  While Eric’s experience in the education community dates back to the beginning of his career, he’s served professionals in a wide range of other industries as well.     

After attending Villanova University in Pennsylvania, Eric began his career at AXA Advisors, where he served as Divisional Vice President for about five years.  In 2012, he branded his unique skillset and launched Educated Wealth Strategies, a financial services firm in the greater Philadelphia area that currently works with clients on over $80 million in assets.  Eric serves as Educated Wealth Strategies’ President and Founder. 

Throughout his career, Eric has served well beyond a thousand teachers and administrators, as well as their spouses and family members, throughout the United States. This includes spouses and relatives employed outside of the educational field, such as executives, lawyers, doctors, and business owners. Regardless of profession, Eric and his team at Educated Wealth Strategies empower their clients to accomplish financial goals through education. 

Eric’s financial planning philosophy is a holistic one.  He holds FINRA Series 7, 66, and 24 Licenses, and is also a CERTIFIED FINANCIAL PLANNER™ professional (CFP®), Chartered Life Underwriter (CLU®), Retirement Income Certified Professional (RICP®) and Chartered Retirement Planning Counselor (CRPC®).  As such, he is able to assess the full financial portrait of a family and help them to accomplish their goals through financial education, thorough planning, and proper guidance. 

As part of his mission to serve and be an educational resource for teachers nationwide, Eric wrote and published a book titled “Financial Planning for Teachers” in 2016.  The book was written to offer teachers a high-level overview of financial planning basics and how to effectively prepare for the planning challenges they can expect to face throughout their lives. The book empowers education professionals and their spouses via actionable advice and tactical solutions designed to put them on the path to achieving their family’s financial goals. 

Eric enjoys outdoor sports such as hiking and backpacking, and is also an avid CrossFitter. As a board member of his local Cross Fit gym, Eric combines his passion for fitness with his commitment to philanthropy. Structured as a non-profit organization, the gym does not turn away anyone for their inability to pay, and the gym conducts regular outreach to local disadvantaged youth. Eric lives in the greater Philadelphia area with his wife and two (soon to be three) children.

Education:

BS, Finance, Villanova University

Assets Under Management:

$80 million

Fee Structure:

Fee-Based

CRD Number:

4684838

Disclaimer:

Eric offers securities through AXA Advisors, LLC (NY, NY 212-314-4600), member FINRA/SIPC, offers investment advisory products and services through AXA Advisors, LLC, an investment advisor registered with the SEC, and offers Annuity and insurance products through AXA Network, LLC. AXA Network conducts business in CA as AXA Network Insurance Agency of California, LLC, in UT as AXA Network Insurance Agency of Utah, LLC, in PR as AXA Network of Puerto Rico, Inc. Educated Wealth Strategies is not a registered investment advisor and is not owned or operated by AXA Advisors or AXA Network. PPG 110585 (1/16)(Exp 1/18)

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July 2016

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    Financial Planning, Investing, Stocks
Where do I park my money for long term investing?
84% of people found this answer helpful

Congratulations on getting started with investing.  Due to the way your question is phrased, I am assuming that you already have some money in a savings account or a money market account to serve as an emergency fund, that you have little or no credit card debt, do not have any large purchases planned in the near future, and student loans are not an issue.  All of these concerns would take priority over long term investing at your stage.  If you are looking to start a long term investment, I would recommend researching broad-based index funds either in mutual fund or ETF form.  Take a look at U.S index funds as well as international index funds.  Because you are just getting started, I would steer clear of individual stocks at this point as you wouldn't be able to create much diversification in your new portfolio and you are still learning the basics of investing.  By buying and holding index funds you will have quite a bit of diversification, even if you don’t hold many funds.

Another option would be to choose a low cost allocation portfolio, or target-based portfolio that would automatically create a well diversified portfolio for you with representation from most of the major asset classes.  Good luck!

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