Powers Advisory Group, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$325,345,193
Clients
575
Advisors
4
of 7 employees
About
Powers Advisory Group advises individuals (including high‑net‑worth clients) and provides services to corporations and employee benefit plans, offering discretionary investment management, financial planning, and pension consulting. The firm charges advisory fees based on assets under management and, as disclosed, manages roughly $329.5 million in discretionary assets across about 575 client relationships supported by a four‑advisor team.
Its investment approach emphasizes ETF-based, asset‑allocation portfolios with a focus on quality securities, current income, and dividend‑reinvestment strategies intended to grow an income stream over time; the firm combines fundamental and technical analysis and periodically rebalances accounts. In addition to direct account management, it uses platforms to review and rebalance held‑away retirement plan participant accounts and may allocate portions of client assets to unaffiliated independent managers when appropriate.
What is noteworthy relative to peers is the combination of employer‑side pension consulting and held‑away participant account management alongside traditional retail portfolio management, and the routine inclusion of financial planning for managed‑account clients. The firm operates with a relatively small advisory team given its asset base, uses a third party to monitor class‑action recoveries, and generally leaves proxy voting decisions to clients.
Client services
Expertise
Fee options
Fixed fee of $2,000 for standalone financial planning services, charged in arrears upon completion. Fee is negotiable and documented in the Financial Planning Agreement.
$0 - $1,000,000: 1.00% $1,000,001+: 0.50%
Account minimum: $100,000 Fee-only: Investment management fees are charged as a percentage of assets under management; no commissions or other compensation are received from third parties.
Main office
2603 Plaza Drive
Highland IL 62249
Advisors at this office
4
Most active in
Florida · Illinois · Missouri · Nebraska · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
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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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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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
Grant F
Series 65
Highland, IL
Powers Advisory Group, LLC
Grant Fridley is a Series 65-licensed advisor at Powers Advisory Group, LLC with one year of industry experience. Prior to joining Powers Advisory Group, he spent three years at McKendree University and seven years at Wesclin CUSD3. Powers Advisory Group advises individuals, including high-net-worth clients, as well as corporations and employee benefit plans. The firm employs an ETF-based, asset-allocation investment approach focusing on quality securities and income growth, combining fundamental and technical analysis alongside financial planning and pension consulting.
Nicholas R
Series 65
Highland, IL
Powers Advisory Group, LLC
Nicholas Rutz is a Series 65-licensed advisor at Powers Advisory Group, LLC with two years of industry experience. He has been involved with Powers Advisory Group since 2023 and has additional business experience as the owner of a child care company and a real estate investment company. Prior to Powers Advisory Group, he was associated with Siblings & Company LLC and operated Rutz Group II DBA Popeye's Chop House. Powers Advisory Group serves individuals, including high-net-worth clients, as well as corporations and employee benefit plans by offering discretionary investment management, financial planning, and pension consulting. The firm’s investment approach focuses on ETF-based, asset-allocation portfolios emphasizing quality securities, current income, and dividend reinvestment.
Matthew P
Series 63, Series 65
Highland, IL
Powers Advisory Group, LLC
Matthew Powers is a financial advisor with Powers Advisory Group, LLC, holding Series 63 and Series 65 licenses and bringing 21 years of industry experience. He has led Powers Advisory Group since 2014. Powers Advisory Group serves individuals, including high-net-worth clients, along with corporations and employee benefit plans. The firm focuses on ETF-based, asset-allocation portfolios emphasizing quality securities and income growth, and combines pension consulting, participant account management, and financial planning through a four-advisor team managing approximately $329.5 million in discretionary assets.
Richard R
Series 65, Series 66
Highland, IL
Powers Advisory Group, LLC
Richard Ringwald is a financial advisor at Powers Advisory Group, LLC with 10 years of industry experience. He holds Series 65 and Series 66 designations and has worked at Powers Advisory Group since 2017, following roles at Commerce Bank and Stifel Nicolaus. Powers Advisory Group serves individuals, including high-net-worth clients, as well as corporations and employee benefit plans, providing discretionary investment management, financial planning, and pension consulting. The firm employs an ETF-based, asset-allocation approach focused on quality securities, current income, and dividend reinvestment, combining fundamental and technical analysis with periodic portfolio rebalancing.
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