Novak & Powell Financial Services manages investment portfolios and provides personalized financial planning and tax preparation services for individuals, families, and businesses. The firm builds customized portfolios primarily using exchange-traded funds and mutual funds, focusing on diversification, keeping costs low, and considering tax efficiency. Novak & Powell Financial Services does not use pre-made model portfolios, tailoring every strategy to each client's specific goals, risk tolerance, and time horizon. The team includes professionals with diverse backgrounds in law, economics, finance, and accounting who work closely with clients to monitor and adjust investments on an ongoing basis.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 2.25% |
| $500K - $750K | 2.25% |
| $750K - $1.0M | 1.50% |
| $1.0M - $5.0M | 1.25% |
| $5M+ | 1.25% |
Fees for accounts over $5,000,000 are negotiable. Minimum portfolio value is generally $500,000, but exceptions may be made at the firm's discretion.