Powers Investment Advisory Corp (Highland Hts.)

Powers Investment Advisory Corp is an adviser based in Highland Hts.. It manages $31.45 million of regulatory assets for 170 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Ohio and Texas.

Powers Investment Advisory Corp provides financial planning services, portfolio management for individuals and small businesses, and estate planning, retirement planning, and tax management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Powers Investment Advisory Corp: assets under management

The assets under management (AUM) of Powers Investment Advisory Corp is $31.45 million. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $23.83 million in discretionary accounts and $7.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $233.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $112.09 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Powers Investment Advisory Corp for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Powers Investment Advisory Corp

William Patrick Powers has been acting as President since 1 Oct 1993. Andrew J. Powers joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Patrick Powers	President/owner	1 Oct 1993	75% - 100%	1144737
William Patrick Powers	Chief compliance officer	1 Oct 2004	75% - 100%	1144737
Andrew J. Powers	Chief compliance officer	1 Oct 2006	Other	5007471

Based in Highland Hts.

The principal office where Powers Investment Advisory Corp performs its advisory services is located at 279 Skye Rd., Highland Hts., OH 44143, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.