Novak & Powell Financial Services, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Novak & Powell Financial Services, Inc. provides investment supervisory services to individuals, families, trusts, pension and profit-sharing plans, charitable organizations, and businesses. Financial and special-needs planning are offered as part of its investment advisory services, and the firm also provides tax planning and tax preparation to both advisory clients and other non-advisory clients.
The firm follows a customized, interview-based process to determine client objectives and risk tolerance and constructs portfolios primarily with exchange-traded funds and open-end mutual funds rather than using model portfolios. NPFS emphasizes diversification and the minimization of fees as primary drivers, considers tax efficiency as a factor but not the overriding objective, and manages client accounts on a discretionary basis.
Notably, NPFS operates from five branch offices across multiple states, an organizational footprint that is less common among similarly sized team firms, and principals actively perform tax preparation services for clients while tax-preparation revenue represents under 1% of firm income. The firm also discloses that it generally does not vote client securities (custodians send proxy materials directly to clients) and reports a prior registration timing issue involving a firm principal as its only disciplinary matter.
Client services
Expertise
Fee options
$500,000 - $750,000: 2.25% annually $750,001 - $1,000,000: 1.50% annually $1,000,001 - $5,000,000: 1.25% annually > $5,000,000+: Negotiable
Account minimum: $500,000 Fee-only: Investment advisory fee based on tiered percentage of AUM as above, no commissions
Main office
See office146 Second St N, Suite 310
St. Petersburg FL 33701
Advisors at this office
5
Offices (2)
Most active in
Alabama · Arizona · California · Colorado · Florida · Georgia · Indiana · Massachusetts · Missouri · New York · North Carolina · Pennsylvania · Rhode Island · Texas · West Virginia
Also doing business as
A.T. Whitehead · Carr Capital Management · Gates & Powell Financial Services, Inc. · Gates Financial Services, Inc · Gates Financial Services, Inc. · Gates Investments, Inc. · Novak & Powell Financial Services, Inc.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Samuel C
Series 63, Series 65
Tucson, AZ
Novak & Powell Financial Services, Inc.
Samuel Cornell III is a financial advisor with Novak & Powell Financial Services, Inc. in Tucson, AZ, holding Series 63 and Series 65 credentials and bringing 21 years of industry experience. He previously worked at Vantage Investing, LLC for 16 years before joining Novak & Powell in 2021. Outside of his advisory role, Samuel Cornell oversees an antimicrobial device manufacturing business. Novak & Powell Financial Services provides investment supervisory services to individuals, families, trusts, pension and profit-sharing plans, charitable organizations, and businesses. The firm uses a customized, interview-based process to build diversified portfolios primarily with exchange-traded funds and mutual funds, focusing on fee minimization and discretionary management.
Alan G
CFP®, Series 63, Series 65
St. Petersburg, FL
Novak & Powell Financial Services, Inc.
Alan Goldfarb is a CFP®-certified financial advisor with 25 years of industry experience. He is currently with Novak & Powell Financial Services, Inc. and has previously worked at Apella Capital, XO Wealth Management, and Bacon Financial Management. Goldfarb has also provided financial advisory services for Financial Strategies Advisory Corporation since 1975. Novak & Powell Financial Services, Inc. offers investment supervisory services to individuals, families, trusts, pension and profit-sharing plans, charitable organizations, and businesses. The firm uses a customized, interview-based approach to build diversified portfolios, primarily using exchange-traded funds and mutual funds, and provides financial, special-needs, and tax planning services.
David N
Series 63, Series 65
St. Petersburg, FL
Novak & Powell Financial Services, Inc.
David Novak is a financial advisor with Novak & Powell Financial Services, Inc. in St. Petersburg, FL, holding Series 63 and Series 65 designations and bringing 28 years of industry experience. He has been with Novak & Powell Financial Services since 2013. Novak & Powell Financial Services, Inc. provides investment supervisory services to individuals, families, trusts, pension and profit-sharing plans, charitable organizations, and businesses. The firm uses a customized, interview-based approach to portfolio construction, focusing on diversification, fee minimization, and primarily using exchange-traded funds and open-end mutual funds.
Joshua P
Series 65, Series 66
St. Petersburg, FL
Novak & Powell Financial Services, Inc.
Joshua Powell is a financial advisor at Novak & Powell Financial Services, Inc. with 20 years of industry experience. He holds Series 65 and Series 66 licenses and previously worked at Alpine Asset Management, LLC and Merrill. Novak & Powell Financial Services, Inc. provides investment supervisory services to a range of clients including individuals, families, trusts, and charitable organizations. The firm employs a customized investment approach focusing on diversification and fee minimization, primarily utilizing exchange-traded funds and mutual funds.
Gregg D
Series 63, Series 65
St. Petersburg, FL
Novak & Powell Financial Services, Inc.
Gregg Ducatte is a financial advisor at Novak & Powell Financial Services, Inc. with 40 years of industry experience. He holds Series 63 and Series 65 designations and has worked at Raymond James in various capacities for 26 years before joining Novak & Powell in 2020. Novak & Powell Financial Services, Inc. provides investment supervisory services to a range of clients, including individuals, families, trusts, and organizations. The firm uses a customized, interview-based process to build diversified portfolios primarily composed of exchange-traded funds and mutual funds, managing accounts on a discretionary basis while incorporating tax planning and preparation services.
Terry C
Series 63
St. Petersburg, FL
Novak & Powell Financial Services, Inc.
Terry Carr is a financial advisor at Novak & Powell Financial Services, Inc. with 34 years of industry experience. He holds a Series 63 designation and has worked previously at Raymond James Financial and through his own firm, Carr Capital Management, Inc. Carr also provides tax preparation services outside of his advisory role. Novak & Powell Financial Services, Inc. offers investment supervisory services to individuals, families, trusts, pension and profit-sharing plans, charitable organizations, and businesses. The firm employs a customized, interview-based process to create diversified portfolios mainly using exchange-traded funds and mutual funds, managing client accounts on a discretionary basis.
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