Frequently Asked Questions

Most “financial advisors” are not required to do what’s in your best interest. Powers Advisory Group is a fiduciary, which means we are legally bound to make decisions in your best interest at all times with every decision we make.

We never charge for any meetings.  We always offer a casual introductory meeting to get to know you and learn about your goals. You are able to ask questions and get a better understanding of our firm and how we work with clients before you make any type of decision.

Our office is located just outside of St. Louis in Highland, IL however we have clients throughout the country. We’re happy to come to you or host a virtual / phone meeting if need be.

We communicate in various ways from face-to-face meetings, phone discussions, and email correspondence based on your personal preferences. We provide periodic market commentary and interesting investment and financial planning articles via email and our website.

We employ a team approach and have a legal responsibility to act as a fiduciary to all clients. Our fee-only structure differentiates us from the typical brokerage firm and puts us on the same side of the table as our clients.

It means the only way Powers Advisory Group is compensated is through a fee that we negotiate with you ahead of time. No commission, no third-party payments, 100% independent. This puts us on the same side of the table as our clients.

We typically have a new client account minimum of $100,000. This is to be sure we’re able to provide the proper level of service to all clients.

As an independent firm, we can obtain our market research from any number of sources. We selected to partner with industry leaders - Morningstar and Charles Schwab - as well as Barron's, the Wall Street Journal, and YCharts for our primary research information.

We review your investment holdings globally on a on-going basis and will periodically re-balance your accounts throughout the year to maintain your established asset allocation in accordance to your risk profile.

We utilize innovative financial planning software to help provide a vision for what retirement looks like and guide you through the decision-making process on the best time to retire factoring in lifestyle, expected sources of retirement income, longevity, etc.