{"url":"https://nivawealth.com/firms/powell-financial-144230","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/144230","regulatoryAum":229200273,"crd":"144230","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7515796","suffix":null,"lastName":"Powell","firstName":"Charles","middleName":"Guyler"},{"crd":"2510305","suffix":null,"lastName":"POWELL","firstName":"DAVID","middleName":"LEMAL"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-01-26","regulatoryAum":156001580,"clients":105,"employees":3,"offices":1},{"filedOn":"2022-03-16","regulatoryAum":187391778,"clients":113,"employees":3,"offices":1},{"filedOn":"2023-02-24","regulatoryAum":151570372,"clients":99,"employees":3,"offices":1},{"filedOn":"2024-01-24","regulatoryAum":180352212,"clients":105,"employees":3,"offices":1},{"filedOn":"2025-07-01","regulatoryAum":202617451,"clients":96,"employees":4,"offices":1},{"filedOn":"2026-02-13","regulatoryAum":229200273,"clients":108,"employees":3,"offices":1}],"secFileNumber":"801-88185","legalName":"Powell Financial, Inc.","displayName":"Powell Financial","slug":"powell-financial-144230","website":"https://powellwealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/powellwealth/","founded":"2007","organization":"North Carolina corporation","fiscalYearEnd":"December","headquarters":{"street":"17818 Statesville RD, Suite 221","city":"Cornelius","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"28031"},"tradeNames":[],"registration":{"secApproved":"28 April 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2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008798","versionId":1008798,"submittedOn":"2026-02-13"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":227468072}],"custodyNote":"Powell Financial has custody of $313K for 2 clients.","otherCustodians":[],"leadership":[{"name":"David Powell","title":"President / Chief Compliance Officer","crd":"2510305"}],"ownership":[{"label":"David Powell","detail":"President / chief compliance officer in the 75% or more ownership band and a control person, since October 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"17818 Statesville RD, Suite 221","city":"Cornelius","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"704-439-0027","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":35},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":58},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"13 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/144230/PDF/144230.pdf","brochureDate":"13 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008798","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Powell Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Powell Financial offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Powell Financial charge?","answer":"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.","source":"ADV FORM 2A, filed 13 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Powell Financial use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Powell Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Powell Financial invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Powell Financial have a minimum investment?","answer":"Yes, Powell Financial’s minimum account size for its Investment Supervisory Services is $500K.","source":"ADV FORM 2A, filed 13 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Powell Financial?","answer":"Powell Financial’s direct owner is David Powell (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 13 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Powell Financial get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Powell Financial?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 13 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}