Muscatine, IA Office

Team
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Principal Financial Services

Enterprise

Firm-wide stats for Principal Financial Services

Total advisors

1,466

Across 575 offices

Clients per advisor

35 Very Low

Avg AUM per client

$324,050 Low

HNW client ratio

5% Low

About

Principal Securities provides brokerage and registered investment advisory services to a broad client base that includes individual investors (both non‑HNW and high net worth), qualified and nonqualified retirement plans, trusts, estates, charitable organizations, corporations and other business entities, and active‑duty U.S. military personnel residing or stationed outside the United States. Its advisory offering focuses on direct advisory programs, financial planning, retirement plan consulting, and access to third‑party money manager (TPMM) asset allocation and separately managed account solutions.

The firm makes TPMM programs available under two distinct arrangements: an investment adviser arrangement, where Principal may act as adviser or co‑advisor, and a promoter arrangement, where Financial Advisors refer clients to unaffiliated TPMMs and assist clients in selecting models and completing account setup and reviews. Investment implementation is generally carried out on a discretionary basis by the TPMMs; Principal evaluates TPMMs’ structure, costs and performance and provides ongoing client reviews through its Financial Advisors.

Distinctive features include a range of promoter and referral arrangements—Principal receives promoter payments from TPMMs, engages with third‑party lead‑generation firms, and provides business support to Financial Advisors tied to production targets—conflicts the firm discloses and subjects to supervisory controls. The firm’s regulatory history is also notable: it settled an SEC matter related to mutual fund share‑class selection and remedial payments, and it has disclosed that certain advisory arrangements (for example, some SEI and AssetMark investment adviser arrangements) are no longer offered to new accounts.

Based on Principal Financial Services

Occupation focus

Retired Founder/Business Owner

Based on Principal Financial Services

Location

119 Sycamore St Ste 300

Muscatine IA 52761

Advisors at this office

3

Advisors at this office

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Rick B

Series 63, Series 65

Muscatine, IA

Principal Financial Services

Rick Bower is a financial advisor with Principal Financial Services in Muscatine, IA, holding Series 63 and Series 65 designations and 19 years of industry experience. He has worked with Principal Securities Inc. since 2016, Retirement Resource Group since 2009, and Principal Life Insurance Company since 2008. Outside of his advisory work, he serves as president of the Muscatine Lions Club, where he oversees community service initiatives including support for those with financial hardship related to eye care and hearing, as well as organizing fundraisers and scholarships. Principal Securities provides brokerage and registered investment advisory services to a diverse client base, offering financial planning, retirement plan consulting, and access to third‑party money manager programs through various advisory and promoter arrangements.

Retired Founder/Business Owner
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Jakob B

Series 63, Series 66

Muscatine, IA

Principal Financial Services

Jakob Bower is a financial advisor with Principal Financial Services in Muscatine, Iowa, holding Series 63 and Series 66 licenses and bringing 10 years of industry experience. He has worked with Retirement Resource Group since 2017 and has been affiliated with Principal Securities and Principal Life Insurance since 2016. Outside of his advisory role, Bower serves on the board of the Muscatine Chamber of Commerce, participating in local tourism and community event oversight. Principal Securities offers brokerage and registered investment advisory services to a diverse client base, including individual investors, retirement plans, trusts, and active-duty military personnel. The firm emphasizes financial planning, retirement plan consulting, and access to third-party money manager programs under multiple advisory and promoter arrangements.

Retired Founder/Business Owner
user avatar

Brooke C

Series 66

Muscatine, IA

Principal Financial Services

Brooke Cole is a financial advisor with Principal Financial Services holding a Series 66 designation and one year of industry experience. She has previously worked with the Retirement Resource Group and held roles outside finance at The University of Iowa and local schools. Brooke serves as a camp chair volunteer, coordinating communications to support girls attending camp. Principal Securities provides brokerage and registered investment advisory services to a diverse client base, including individual investors, retirement plans, trusts, and charitable organizations. The firm offers a range of advisory programs, financial planning, and access to third-party asset management solutions, with investment implementation typically managed on a discretionary basis by third-party money managers.

Retired Founder/Business Owner
View complete list of advisors at this office
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