Powell Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, and insurance. Financial planning was provided to 26–50 clients last fiscal year.
Powell Financial reports 108 clients. They include 55 individual clients, 43 high-net-worth individuals, and 10 corporations and other businesses. Of its assets, 100.0% ($229M across 272 accounts) are managed with discretion. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 51% | 8% |
| High-net-worth individuals | 40% | 92% |
| Corporations and other businesses | 9% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 55 | $17.8M | 7.8% | $324K |
| High-net-worth individuals | 43 | $211M | 91.8% | $4.9M |
| Corporations and other businesses | 10 | $872K | 0.4% | $87.2K |
| Total | 108 | $229M | 100% | $2.12M |
- Clients
- 55
- Regulatory AUM
- $17.8M
- AUM share
- 7.8%
- Avg. per client
- $324K
- Clients
- 43
- Regulatory AUM
- $211M
- AUM share
- 91.8%
- Avg. per client
- $4.9M
- Clients
- 10
- Regulatory AUM
- $872K
- AUM share
- 0.4%
- Avg. per client
- $87.2K
Total
- Clients
- 108
- Regulatory AUM
- $229M
- AUM share
- 100%
- Avg. per client
- $2.12M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Powell Financial charges up to 1.25% a year for its Investment Supervisory Services. The fee is billed in advance, is negotiable and requires an account of at least $500,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial plans are billed a fixed fee of $2,500 to $25,000, or hourly at $200 to $400, paid in advance.
- Pension Consulting
- Pension consulting is billed a fixed fee of $2,500 to $25,000, or hourly at $200 to $400, paid in advance.
David Powell owns 75% or more of Powell Financial. The leadership team of Powell Financial includes President David Powell. It has 3 employees, 2 of them in advisory roles.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- Owns 75% or more of Powell Financial, Inc.
David Powell
Control person · since October 2007
Powell Financial’s regulatory assets grew from $156M (January 2021) to $229M (February 2026); clients were 108 in both filings and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $229M | 108 | 3 | 1 |
| Jul 2025July 2025 | $203M | 96 | 4 | 1 |
| Jan 2024January 2024 | $180M | 105 | 3 | 1 |
| Feb 2023February 2023 | $152M | 99 | 3 | 1 |
| Mar 2022March 2022 | $187M | 113 | 3 | 1 |
| Jan 2021January 2021 | $156M | 105 | 3 | 1 |
Besides its headquarters, Powell Financial has 0 offices, with 1 listed address in 1 state.
North Carolina · 1 listed address
- 17818 Statesville RD, Suite 221, CorneliusHQ
Contact and registration details
- Legal name
- Powell Financial, Inc.
- Headquarters
- 17818 Statesville RD, Suite 221, Cornelius, NC 28031
- Website
- powellwealth.com
- Phone
- 704-439-0027
- @powellwealth
- SEC file
- 801-88185
- Founded
- 2007
- Structure
- North Carolina corporation
- Fiscal year end
- December
Powell Financial’s named custodian for separately managed accounts is Fidelity ($227M). Powell Financial has custody of $313K for 2 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $227M100%
At year end, Powell Financial’s separately managed accounts were mostly in funds (58%) and stocks (35%).
What the accounts hold
- Stocks35%
- Funds58%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash4%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Powell Financial have?
Powell Financial has 108 clients and manages $229 million for them, as of February 2026. They include 55 individual clients, 43 high-net-worth individuals, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 February 2026
What services does Powell Financial offer?
Powell Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Powell Financial charge?
Powell Financial charges up to 1.25% a year for its Investment Supervisory Services. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
Which custodians does Powell Financial use?
Powell Financial’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $227M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 February 2026
How many financial advisors does Powell Financial have?
Powell Financial has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Powell Financial invest in?
At the end of its last fiscal year, Powell Financial’s separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 35% exchange-traded equities, 4% cash and equivalents, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Powell Financial have a minimum investment?
Yes, Powell Financial’s minimum account size for its Investment Supervisory Services is $500K.
Who owns Powell Financial?
Powell Financial’s direct owner is David Powell (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 February 2026
How does Powell Financial get paid?
Powell Financial is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Powell Financial?
Powell Financial’s main office is at 17818 Statesville RD, Suite 221, Cornelius, NC 28031. Its phone number is 704-439-0027. Its website is powellwealth.com.