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Steven Powell

Momentum Independent Network INC.
49 Years of Experience
Sioux City, IA
1 DisclosureBroker
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Steven Powell is a registered investment advisor at Momentum Independent Network INC., based in Sioux City, IA, with 49 years of industry experience. Steven is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Estate Planning, Investment Management, and 2 more. Their firm serves 2,879 clients with $1.6B in assets under management.

Momentum Independent Network INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
131 advisors
Number of Clients
2,879 clients
Average Client Portfolio
$559K average
Assets Under Management
$1.6B

Fee Structure

Minimum Investment:$30K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K2.25%
$250K - $500K2.00%
$500K - $1.0M1.75%
$1M+1.50%

Rates reflect the maximum annualized fee schedule for individual securities accounts across primary advisory programs. Other programs and asset classes (such as mutual fund only accounts or fixed income portfolios) feature different maximum fee schedules ranging down to 0.90%. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

302 Jones St, Ste 340, Sioux City, IA, 51101

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History

Regulatory History (1)
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.
Customer Dispute
February 2017
Withdrawn
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Momentum Independent Network INC.
May 2009 - Present · 17 yrs 5 mos
Momentum Independent Network INC.Broker
January 2009 - Present · 17 yrs 9 mos
Previous Registrations
Southwest Securities, INC.Broker
January 2009 - January 2009 · 0 mos
Wachovia Securities, LLCBroker
January 2008 - February 2009 · 1 yr 1 mo
Wachovia Securities, LLC
January 2008 - February 2009 · 1 yr 1 mo
A. G. Edwards & Sons, INC.
December 1999 - January 2008 · 8 yrs 1 mo
A. G. Edwards & Sons, INC.Broker
September 1989 - January 2008 · 18 yrs 4 mos
Shearson Lehman Hutton INC.Broker
September 1985 - October 1989 · 4 yrs 1 mo
Painewebber IncorporatedBroker
January 1980 - September 1985 · 5 yrs 8 mos
Paine, Webber, Jackson & Curtis IncorporatedBroker
September 1978 - January 1980 · 1 yr 4 mos
Dain, Kalman & Quail, IncorporatedBroker
April 1977 - September 1978 · 1 yr 5 mos
State Registrations23 states
AZCACOCTFLGAIAIDILINKYMIMOMTNENMNVPASDTXVAWAWI
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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