{"url":"https://nivawealth.com/firms/read-and-powell-financial-services-130189","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/130189","regulatoryAum":159688386,"crd":"130189","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4123105","suffix":null,"lastName":"KONAKIS","firstName":"NICK","middleName":"STANLEY"},{"crd":"4252745","suffix":null,"lastName":"RICE","firstName":"DIANE","middleName":"B."},{"crd":"6882348","suffix":null,"lastName":"Wiseman","firstName":"Eric","middleName":"Lynn"}],"total":3,"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":"2021-04-26","regulatoryAum":111789495,"clients":537,"employees":6,"offices":1},{"filedOn":"2022-05-20","regulatoryAum":122726077,"clients":561,"employees":6,"offices":1},{"filedOn":"2023-03-09","regulatoryAum":114453643,"clients":454,"employees":6,"offices":1},{"filedOn":"2024-03-22","regulatoryAum":127954484,"clients":466,"employees":6,"offices":1},{"filedOn":"2025-03-21","regulatoryAum":146673084,"clients":517,"employees":6,"offices":1},{"filedOn":"2026-03-17","regulatoryAum":159688386,"clients":530,"employees":3,"offices":1}],"secFileNumber":"801-121309","legalName":"Read & Powell Financial Services, LLC","displayName":"Read & Powell Financial Services","slug":"read-and-powell-financial-services-130189","website":"https://readandpowell.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Nevada limited liability company","fiscalYearEnd":"December","headquarters":{"street":"491 5th Street","city":"Elko","state":"NV","stateName":"Nevada","country":"United States","postalCode":"89801"},"tradeNames":[],"registration":{"secApproved":"26 May 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":290117.54253308126,"staff":{"employees":3,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":159688386,"discretionary":159688386,"discretionaryAccounts":642,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":106721378,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":473,"regulatoryAum":58324790},{"label":"High-net-worth individuals","clients":56,"regulatoryAum":95147390},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":6216206}],"feePrograms":[{"role":"other","program":"Financial Planning","summary":"Billed hourly at the current rate of the person working on the account, generally $250 an hour, monthly in arrears on hours accrued.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020501","versionId":1020501,"submittedOn":"2026-03-17","documentName":"READ AND POWELL ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:03:31.337876+00:00","documents":[{"name":"READ AND POWELL ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020501","versionId":1020501,"submittedOn":"2026-03-17"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":159688386}],"custodyNote":"Read & Powell Financial Services does not have custody of client assets.","leadership":[{"name":"Nick Konakis","title":"Managing Member","crd":"4123105"},{"name":"Eric Wiseman","title":"CCO","crd":"6882348"}],"ownership":[{"label":"Nick Konakis","detail":"Managing member in the 50% to 75% ownership band and a control person, since January 2014."},{"label":"Eric Wiseman LLC","detail":"Limited liability company in the 50% to 75% ownership band and a control person, since January 2021."},{"label":"Eric Wiseman","detail":"Indirect owner: a owner, cco of Eric Wiseman LLC in the 75% or more band and a control person, since January 2021.","parent":"Eric Wiseman LLC"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Nevada","offices":1,"addresses":[{"street":"491 5th Street","city":"Elko","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"775-738-4430","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":27},{"label":"Securities issued by registered investment companies or business development companies","percent":56},{"label":"Cash and cash equivalents","percent":14}],"privateFunds":0},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/130189/PDF/130189.pdf","brochureDate":"17 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020501","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 Read & Powell Financial Services have?","answer":"Read & Powell Financial Services has 530 clients and manages $160 million for them, as of March 2026. They include 473 individual clients, 56 high-net-worth individuals and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Read & Powell Financial Services offer?","answer":"Read & Powell Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Read & Powell Financial Services use?","answer":"Read & Powell Financial Services’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $160M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Read & Powell Financial Services have?","answer":"Read & Powell Financial Services has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","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 Read & Powell Financial Services invest in?","answer":"At the end of its last fiscal year, Read & Powell Financial Services’ separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities and 14% cash and equivalents.","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":"Who owns Read & Powell Financial Services?","answer":"Read & Powell Financial Services is owned through a holding company by Eric Wiseman. Its direct owners are Nick Konakis (50% to 75%) and Eric Wiseman LLC (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Read & Powell Financial Services get paid?","answer":"Read & Powell Financial Services is paid through a percentage of assets under management and hourly charges. 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":"Is Read & Powell Financial Services registered with the SEC?","answer":"Yes, Read & Powell Financial Services has been registered with the SEC as an investment adviser since 26 May 2021. Its CRD number is 130189 and its SEC file number is 801-121309.","source":"Form ADV Part 1A, Item 1, filed 17 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Read & Powell Financial Services?","answer":"Read & Powell Financial Services’ main office is at 491 5th Street, Elko, NV 89801. Its phone number is 775-738-4430. Its website is readandpowell.com.","source":"Form ADV Part 1A, Item 1.F, filed 17 March 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."}