Registered Investment Advisor
Powers Advisory Group is an independent Registered Investment Advisor (RIA), located in Highland, IL.
Unlike traditional Wall Street brokerage firms, we have no products to sell and are not paid by commissions. We work only for our clients, and as an RIA we are always held to a fiduciary standard – simply meaning that we must put our client’s best interest first with every decision we make. The fiduciary standard that we adhere to allows us to be objective when providing investmtent advice and assures our clients that we are not being paid through any "back door" arrangements. Following is a link to information describing Registered Investment Advisors in further detail:
We provide advice on a fee-only basis and do not earn commissions for our recommendations. Furthermore, the only way we can earn more from a client is for their respective accounts to grow. Any compensation we earn is agreed to in writing in advance.
We maintain close, long term relationships and work individually with each of our clients. As an independent firm, our client’s assets are held at outside custodians such as Charles Schwab Institutional. Therefore, we have the ability to make investment choices free from conflict of interest, and as a client you have access to some of the largest, most reputable investment firms in the industry. Because of this independence, we have the ability to select what we feel is the best and most appropriate products and technology for our practice in order to deliver the highest level of service to our clients.
Planning and Strategy
The initial step in the design of a well-defined planning strategy involves our clients gaining an understanding of investment products to be used to implement their plan, as well as transparency of costs and any expenses associated with the products and advice given. When designing a client's plan and a corresponding portfolio, we make investment decisions within the parameters of our core strategy, customized for each unique situation. Please visit the "Our Philosophy" page on our site to better understand how a comprehensive plan and strategy can help you meet your goals and how it’s provided to the clients we work with.
Simplicity in Design
We recognize that every investor is unique. We also have learned from years of experience, that complicating an investment portfolio only creates confusion and often times frustration. Therefore, our meetings are focused on education and providing an opportunity for you to ask questions. This helps us design a customized investment portfolio specific to your situation and in turn allows you to focus on the investing process.
Initially, we design an asset allocation strategy (blend of stocks, bonds, and cash) that is tailored to match your specific risk profile. Once this is determined, we build the portfolio with securities in each respective asset class.
Exchange Traded Funds (ETFs): We utilize low-cost index and active exchange traded funds to build our client's portfolios'. Because of the extensive research platform both Schwab Institutional and Morningstar Advisor offer, we are able to screen and select what we believe are the best ETF investments in various asset classes.
Individual Equities: We look for quality. Our research is focused on identifying a company's current dividend yield relative to it's price, the history and length of time dividend payments have been made to investors, consecutive years dividend payments have increased, the company's payout ratio (the portion of earnings paid out as dividends to shareholders), as well as many other factors.
Cash Equivalents / Fixed Income Securities: The result of building a well diversified portfolio often can include short term fixed income securities, certificates of deposit, and cash holdings.
Once a customized solution is designed, we work with the client through the process of building and growing their portfolio over time. Feel free to call or email us anytime should you have any questions or would like to learn more.
Schwab Institutional is a pioneering firm with a long history of working exclusively with independent financial advisors. Schwab is the largest provider of dedicated custodial services to the independent investment advisor community and provides cost-efficient access to the wealth management and investment products our clients need, with the financial safety and security that is crucial in today's economic environment. Schwab is also a leader in technological innovation, which allows us to manage portfolios with efficiency and precision.
Morningstar provides unbiased investment research, ratings, and data for independent-minded financial advisors. Morningstar has been a leading provider of portfolio data management and reporting solutions. Their ability to deliver innovative solutions tailored to the needs of advisors has made them a trusted partner to our clients.