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CFP
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CFP

Scott Powhida

Principal Securities, INC.
26 Years of Experience
Latham, NY
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Scott Powhida is a CFP-designated registered investment advisor at Principal Securities, INC., based in Latham, NY, with 26 years of industry experience. Scott is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1710 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

637 New Loudon Rd, Ste 1, Latham, NY, 12110

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Civil
April 2014
Final
Customer Dispute
May 2010
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Scott sells outside insurance, life, disability insurance, and fixed annuities since 2015. He is also a co-owner of Privacy Tab LLC, which was opened to help move a product through the patent process, dedicating minimal time to this endeavor.

Employment History
Current Registrations
Principal Securities, INC.
May 2021 - Present · 5 yrs 5 mos
Principal Securities, INC.Broker
April 2014 - Present · 12 yrs 6 mos
Previous Registrations
Key Investment Services LLCBroker
January 2006 - April 2014 · 8 yrs 3 mos
Mcdonald Investments INC.Broker
October 2001 - December 2005 · 4 yrs 2 mos
Edward JonesBroker
August 2000 - October 2001 · 1 yr 2 mos
State Registrations19 states
ARAZCOCTFLGAMAMINCNHNJNYOHPASCTNVAVTWI
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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