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William Powers, Founder/Co-Owner & Andrew Powers, Co-Owner

Powers Investment Advisory Corp. is an investment management practice. We recognize and continue to be engaged in a very personal business through development of long-term relationships.

Our firm’s commitment to independence allows us to deliver a highly customized level of service. We strive to achieve the shared goals of our clients.


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About Us


Powers Investment Advisory Corp., based in Highland Heights, Ohio, began offering investment advisory services in 1984. Today, our company specializes in investment management.

Powers Investment Advisory Corp. is an independent investment advisory firm registered with the Ohio Division of Securities, co-owned by principals Bill and Andrew Powers.


Image of William P. Powers

William P. Powers, CFP®

Founder/Co-Owner
bill@powersiac.com

After 12 years in corporate banking, Bill Powers founded Powers Investment Advisory Corp. in 1984, desiring to offer quality financial services to individuals who didn’t meet minimum requirements of larger firms.

Receiving a Bachelor of Science degree in economics and finance from St. John’s University in 1970, Bill went on to pursue an M.B.A. at Baldwin Wallace University.

Bill is a Certified financial Planner professional and continues to serve as an Investment Advisor Representative for Powers Investment Advisory Corp.

 
Image of Andrew J. Powers

Andrew J. Powers, CFP®

Co-Owner
andrew@powersiac.com

Sharing his father’s interest in financial services, Andrew joined Powers Investment Advisory Corp. in 2005 and became registered to offer advisory services in 2007, determined to take the firm to a new level of growth and expansion.

He obtained a Bachelor of Arts degree in economics and finance from Baldwin Wallace University in 2004. Andrew is also a Certified Financial Planner professional. He holds FINRA Series 7, 24, 63 and 65 licenses and a Life, Health & Variable Annuity license.

Andrew is an Investment Advisor Representative for Powers Investment Advisory Corp. and is also a Registered Representative offering investment brokerage services through Cadaret, Grant & Co., Inc.*

Why Choose Us?

Any Age, Any Net Worth

We use a personalized, needs-based approach that enables us to serve a broad spectrum of people. Our clients vary widely in both age and net worth.

Full Service

We are Investment Adviser Representatives and maintain professional licenses to also conduct both securities transactions through our relationship with Cadaret Grant & Co. and insurance transactions as independent insurance agents. Consider us a single source for all the financial services you require.

Family Focused

Powers Investment Advisory Corp. is family owned and operated. We recognize the importance of family in the development of your financial strategy, and realize that your assets can impact many generations. We strive to ensure your assets work hard for you and can be transferred efficiently to your beneficiaries.


Our Mission:

Powers Investment Advisory Corp. is an investment management practice. We provide personalized advice to help you meet your financial strategies.

Learn more about us, or see our variety of services.

Services


To help you reach your financial goals, we offer a variety of services. As your long-term relationship with Powers Investment Advisory Corp. grows, we can plan, measure, and adjust to help you use your assets in the most efficient manner.

The convenience of having your financial management in one place also affords us the ability to have each of your objectives work together to help maximize effectiveness.

Read about our services to learn how we can help you achieve financial success.


Investment Management

Our goal at Powers Investment Advisory Corp. is to help make the best use of your assets.

Before you retire, we actively seek ways to grow your assets long term. We recommend what we feel are appropriate and effective individual investments based on your personal information and goals. And, we can help you better understand your employer’s 401(k) program, if applicable, so you can use it effectively.

After you retire, we strive to help provide you with strategies that can generate a steady and reliable stream of income.

While we monitor investment prices each day, we closely examine each personal portfolio regularly. Consistent, scheduled meetings with your advisor are essential to your portfolio’s success. At each meeting, we will review your investment performance and, as needed, recommend changes based on market and economic conditions.

Fee: 1% of assets under management. An additional administration fee applies for assets under management of less than $150,000.

Fees are billed quarterly in arrears. After each quarter, your advisor will provide a report detailing account performance and activity as well as an invoice for portfolio management services.

Insurance Brokerage

(Offered through Ash Brokerage)

As licensed, independent brokers for a number of top-rated insurance carriers, we can help meet your insurance needs at competitive premium levels.

We obtain quotes to find appropriate Life, Health, Disability, Long-Term Care and Medicare supplement insurance for you.

Fee: Carriers pay us a commission based on type of insurance and premium.

Small Business Retirement

(Offered through Cadaret, Grant & Co., Inc.)

Family-owned and other small businesses can offer their employees big-business retirement benefits with a “Safe Harbor 401(k)” program. With Safe Harbor 401(k) plans, small business owners can avoid annual compliance testing, plus save a significant amount annually for their retirement.

Powers Investment Advisory Corp. can set up a Safe Harbor 401(k) for your small business, educate and enroll your employees and provide general investment advice for all enrollees.

Fee: Plan Administration cost to the business owner varies by total plan assets, share class and number of participating employees

Investment Brokerage

(Offered through Cadaret, Grant & Co., Inc.)

Stocks, mutual funds, ETFs, annuities or fixed-income investments—we’ll help you identify appropriate investment types or combinations to fund your future. Your short and long-term financial goals are our primary consideration.

Powers Investment Advisory Corp. provides a wide variety of investment alternatives as registered representatives through Cadaret, Grant & Co., Inc., member FINRA/SIPC. Our array of investment options continually evolves based on our own research process and strict investment criteria.

Fee: We are paid a commission based on type and size of each trade. Commissions are added to your total transaction cost and are paid to us by Cadaret, Grant. Commissions are nonnegotiable.

Retirement Planning

Employer- and government-sponsored pensions aren’t as certain as they used to be. That’s why retirement planning is more critical today than ever before.

Let Powers Investment Advisory Corp. help you take steps to maintain or enhance your current lifestyle after retirement. We’ll consider four main factors: the amount of savings required, the time horizon, inflation, and taxes.

Investment management is an essential part of retirement planning.

Fee: This service is provided at no additional expense for investment management clients; otherwise fees vary by complexity

Tax Preparation

(Offered through William Powers)

To complement our financial planning services, William Powers prepares tax returns for individuals, trusts and estates. Our basic package for individuals includes a federal return with schedules A, B, D and E, state return and city return.

Fee:
  • $350* for basic package (individuals in Ohio)
  • $400* for basic package (individuals outside Ohio)
  • $550 for trusts and estates
  • *$50 for each additional federal schedule

AFFILIATES

Charles Schwab Logo

Charles Schwab provides resources, support, and cutting edge innovation & technology to help Powers Investment Advisory Corp. succeed as an independent RIA. Their commitment to our independence allows us to better serve our clients. Charles Schwab provides account custodial services for investment management clients.

Cadaret Grant Logo

Cadaret, Grant, serving approximately 750 registered representatives, has been shaping the industry for over 35 years. Acquired by Atria in 2018, they continue to champion the independent approach today. Cadaret Grant facilitates account trading for investment brokerage clients of Powers Investment Advisory Corp.

B N Y Mellon and Pershing Logo

Pershing LLC, a wholly owned subsidiary of BNY Mellon, is the clearing agent for stock, bond, and some mutual fund trades processed through Cadaret Grant. Through Albridge, they also provide data and wealth reporting software for investment management and investment brokerage clients of Powers Investment Advisory Corp. Pershing provides account custodial services for some investment brokerage clients.

Ash Brokerage Logo

Ash Brokerage, representing over 80 top-rated insurance carriers, provides independent insurance brokerage solutions for Powers Investment Advisory Corp. They offer the tools and service network to help secure our clients' futures through life insurance, annuities, long-term care insurance, and disability insurance.