NF
Nicholas R. Flatness
PRINCIPAL SECURITIES
Minnetonka, MN 55305
Some features on this profile are disabled
CRD#: 5141967
NF
Professional summary
Nicholas R Flatness, who also goes by Nicholas Ryan Flatness, Nick Flatness, is a registered financial advisor currently at PRINCIPAL SECURITIES, INC. located in Minnetonka, Minnesota.
Nicholas is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2006. Nicholas has worked at 5 firms and has passed the Series 66, Series 63, Series 6TO, SIE, Series 7, Series 6 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Nicholas Ryan Flatness | Nick Flatness
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
**Fixed Insurance; Investment Related; Lake Elmo, MN; Agent; Life, Annuity, DI, Health, LTC, Medicare Supplement, Group; Start Date: 01/27/2020; 20 hrs per month; 5 during trading hours. **THE PARACHUTE FOUNDATION POSITION: Board Member NATURE: Board Member/Officer/Director of an Organization INVESTMENT RELATED: No NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 05/01/2024 ADDRESS: 6110 Blue Circle Drive, Ste 280, Minnetonka MN 55343, United States DESCRIPTION: Board Member for the Parachute Foundation. Will attend monthly Board Meetings & assist with Foundation events as a volunteer. No products & services will be offered. There are no customers of the foundation, only volunteers & individuals who support the charity with their time or thru their donations. **MAHTOMEDI SOCCER ASSOCIATION POSITION: Coach NATURE: Coaching INVESTMENT RELATED: No NUMBER OF HOURS: 12 SECURITIES TRADING HOURS: 0 START DATE: 08/05/2025 ADDRESS: 29 Long Lake Road, Mahtomedi MN 55115, United States DESCRIPTION: Coach for youth soccer. Responsible for field set up & takedown, drills, & development of players. Activities to take place after hours (non-office & non-market hours) & weekends for games & tournaments. Volunteer role as parent to the team.
CRS (Client Relationship Summary) - RIA
Click below to view Nicholas R Flatness's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Nicholas R Flatness's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
NoneExperience
Current
February 6, 2020 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 11100 Wayzata Blvd Ste 405, Minnetonka, MN 55305Office #2: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042RIA
BD
CRD#: 1137
Minnetonka, MN
Current
February 3, 2020 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 11100 Wayzata Blvd Ste 405, Minnetonka, MN 55305Office #2: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042RIA
BD
CRD#: 1137
Minnetonka, MN
Past
November 29, 2017 - January 31, 2020
PARK AVENUE SECURITIES LLC
RIA
CRD#: 46173
MINNEAPOLIS, MN
Past
November 27, 2017 - January 31, 2020
PARK AVENUE SECURITIES LLC
BD
CRD#: 46173
MINNEAPOLIS, MN
Past
March 25, 2017 - November 14, 2017
MML INVESTORS SERVICES, LLC
RIA
CRD#: 10409
MINNETONKA, MN
Past
March 25, 2017 - November 14, 2017
MML INVESTORS SERVICES, LLC
BD
CRD#: 10409
MINNETONKA, MN
Past
August 12, 2014 - March 25, 2017
MSI FINANCIAL SERVICES, INC.
RIA
CRD#: 14251
MINNETONKA, MN
Past
July 21, 2014 - March 25, 2017
MSI FINANCIAL SERVICES, INC.
BD
CRD#: 14251
MINNETONKA, MN
Past
November 21, 2013 - July 22, 2014
WADDELL & REED
RIA
CRD#: 866
BLOOMINGTON, MN
Past
October 25, 2013 - July 22, 2014
WADDELL & REED
BD
CRD#: 866
BLOOMINGTON, MN
Past
June 13, 2006 - June 22, 2009
WADDELL & REED
BD
CRD#: 866
ROCHESTER, MN
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Arkansas(9/4/2024)
RR
Colorado(10/9/2024)
RR
Florida(1/4/2023)
RR
Indiana(9/28/2022)
RR
Iowa(2/3/2020)
RR
Massachusetts(9/7/2021)
RR
Minnesota(2/3/2020)
IAR
Minnesota(2/6/2020)
RR
Montana(2/8/2022)
RR
Nebraska(5/11/2022)
RR
Nevada(6/8/2022)
RR
New Hampshire(10/11/2024)
RR
New Jersey(8/6/2024)
RR
Ohio(10/11/2024)
RR
Pennsylvania(8/10/2022)
RR
South Dakota(2/19/2025)
RR
Texas(7/27/2022)
IAR
Texas(7/28/2022)
RR
Utah(6/7/2024)
RR
Vermont(10/7/2021)
RR
Washington(3/20/2023)
RR
Wisconsin(2/3/2020)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
RR
Series 6TO
Date: 1/2/2023
Investment Company Products/Variable Contracts Representative ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
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Contact information
Main Address
711 High Street, Des Moines, IA 50392
Mailing Address
Principal Financial Group 711 High Street, Des Moines, IA 50392-2080
Phone number
(888) 774-6267
Established
Iowa since 05/01/1968
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
1,436
SEC notice filing (51 States and Territories)
FINRA licenses (52 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| PRINCIPAL FINANCIAL SERVICES, INC. | OWNER | |
| AGRAWAL, VIVEK | DIRECTOR | 8050381 |
| CLAIRE, CHAD THOMAS | CHIEF INFORMATION OFFICER | 7219218 |
| DROGAN, THOMAS JOHN | CHIEF COMPLIANCE OFFICER | 2760482 |
| FRIEDRICH, AMY CHRISTINE | DIRECTOR | 7097797 |
| LAWLER, CODY ANTHONY | HEAD OF SUPERVISION, HEAD OF OPERATIONS | 5162072 |
| MCCULLUM, KENNETH ALLEN | DIRECTOR | 4695257 |
| MURRAY, MICHAEL FRANCIS | PRESIDENT/CHIEF EXECUTIVE OFFICER/CHAIR | 2074275 |
| RANTS, DOUGLAS JOHN | CHIEF INFORMATION SECURITY OFFICER | 7148529 |
| ROBERTS, DAWN MARIE | CHIEF FINANCIAL OFFICER | 7929617 |
| SCHELHAAS, NATHAN PAUL | DIRECTOR | 7275495 |
| SPADAFORA, CRAIG ALAN | SENIOR VICE PRESIDENT / HEAD OF ADVISORY AND PLATFORM | 3184320 |
| VANWINKLE, DANIEL SIMON | PSI AML OFFICER | 4715191 |
Regulatory assets under management
| Total Number of Accounts | 63,730 |
| AUM (Assets Under Management) | $ 14,827,718,110 |
Disclosures
| Regulatory Event | 9 |
| Arbitration | 3 |
| Bond | 3 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 09/26/2025 | ||
| 10/28/2024 | ||
| 11/28/2023 | ||
| 09/22/2023 | ||
| 12/20/2022 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
