Power Asset Management LLC

Power Asset Management, LLC is a financial advisory firm specializing in asset management and sub-advisory services. Established in 2003, the firm is owned by Michael R. Power, the Chief Executive Officer. They offer continuous account supervision, providing investment advice on fixed-income securities and issuing analyses and reports to clients. Clients have the opportunity to place reasonable restrictions on their investments, with a minimum account balance requirement of $500,000 for asset management services. The firm charges fees based on a percentage of Assets Under Management, with fees not exceeding 60 bps for Fixed Income Portfolios and 1.00% for Equity Portfolios. Power Asset Management does not charge performance fees and does not engage in performance-based fees or side-by-side management. The firm emphasizes a long-term purchasing strategy and provides cyclical analysis in formulating investment advice. They use fundamental and technical analysis methods and offer tailored investment advice based on client needs and objectives. The firm operates as a fiduciary, acting in the best interests of clients, and does not sell securities for a commission. Clients receive quarterly account reviews, and the firm does not have custody of client funds or securities. Clients must sign a discretionary investment advisory agreement for asset management services. Power Asset Management does not accept proxy authority to vote client securities and does not provide financial information in the brochure.