Powell Investment Advisors, LLC
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Learn more about Powell Investment Advisors, LLC
Overview
Powell Investment Advisors, LLC operates as an advisory company located in Miami, Florida. Powell Investment Advisors, LLC administers $475.6 million in total assets over 296 customer accounts, making it one of the larger firms in the nation by assets under management (AUM). Powell Investment Advisors, LLC has a small team, including 2 financial advisors. Powell Investment Advisors, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets such as equities, bonds and options.
Powell Investment Advisors, LLC administers all of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager makes buy and sell decisions without requiring the customer's authorization. Powell Investment Advisors, LLC's average account size is $1.6 million. An average financial advisor at Powell Investment Advisors, LLC manages around 148 client accounts.
The company's main office is at 3444 Main Highway, Miami, Florida 33133. Powell Investment Advisors, LLC is legally permitted to provide services to customers in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Powell Investment Advisors, LLC by the Numbers
$475.6 million
2
296
$1.6 million
Fee Structure
A financial advisor's fees largely vary depending on which services the firm provides the client. Fee types charged by Powell Investment Advisors, LLC can include the following fee structures: asset-based, fixed or performance-based. The company does not provide a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It caters to high net worth investors and pooled investment vehicles. Out of its 296 clients, Powell Investment Advisors, LLC's largest client type by number of accounts is high net worth investors, but it also caters to 48 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 97.96%
- Other Individuals - 0%
- Corporations - 2.04%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Powell Investment Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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