Novak & Powell Financial Services, Inc.

Novak & Powell Financial Services, Inc., established in 1982, is a registered investment adviser based in Florida. The firm offers investment supervisory services to individuals, families, and businesses, managing client portfolios to meet specific objectives. As of December 31, 2022, the firm managed $256,267,569 in client assets on a discretionary basis. The minimum portfolio value is typically set at $500,000, with fees ranging from 0.3125% to 2.25% annually based on the account value. The firm's investment approach involves a detailed and customized analysis of each client's situation, risk tolerance, and investment goals. NPFS primarily uses ETFs and mutual funds in constructing portfolios, focusing on diversification, fee minimization, and tax efficiency. The firm does not charge performance-based fees or engage in side-by-side management. NPFS acts as a fiduciary, managing client accounts on a discretionary basis, allowing them to make investment decisions without individual client approval for each transaction. The firm does not have physical custody of client funds or securities, which are held with qualified custodians. Clients receive regular account statements and reports from both NPFS and the custodians. The firm's team includes experienced professionals like Joshua Powell, David Novak, and others, each with a background in finance and investment management. NPFS maintains a Code of Ethics to ensure the highest standards of conduct and client protection. The firm does not receive compensation for the sale of securities or engage in directed brokerage. Clients can expect thorough account monitoring and regular reviews to ensure their financial goals are met.