Wealth manager, independent · St. Petersburg, FL
Novak & Powell Financial Services, Inc.
SEC-registered investment adviser · CRD 112970 · SEC 801-108964
At a glance
Novak & Powell Financial Services, Inc. is an SEC-registered investment adviser based in St. Petersburg, Florida, with $359 million in regulatory assets under management as of its Form ADV filed March 22, 2026. Its largest client group by assets is individuals, and it reports 426 individual clients. By Form ADV it is a wealth manager, ranked 3,835th of 8,915 wealth managers and 9,293rd of 17,210 SEC-registered advisers by assets.
Main office 727-451-3440novakpowell.comAs filed on Form ADV
- Regulatory AUM
- $359M
- Rank among wealth managers
- #3,835 of 8,915
- Rank among all SEC RIAs
- #9,293 of 17,210
- Rank in Florida
- #529 of 1,090
- Individual clients
- 426
- High-net-worth clients
- 0
- Accounts
- 945
- Discretionary
- 100% of AUM
- Employees
- 7
- Advisory staff
- 7
- Offices
- 5
Owners and executives on its Form ADV
- David W. NovakPrincipal, Chief Compliance Officer
- Joshua D PowellPrincipal
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 426 | $359M | 100% |
Disciplinary disclosures
Novak & Powell Financial Services, Inc. answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗novakpowell.com ↗
AtlasMembers
The full record on Novak & Powell Financial Services, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 6,283 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Novak & Powell Financial Services, Inc. manage?
Novak & Powell Financial Services, Inc. reports $359 million in regulatory assets under management across 945 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 22, 2026.
What kind of firm is Novak & Powell Financial Services, Inc.?
Novak & Powell Financial Services, Inc. is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Novak & Powell Financial Services, Inc.’s clients?
By assets, its largest client types are individuals ($359 million, 426 clients).
Does Novak & Powell Financial Services, Inc. have any disciplinary history?
Novak & Powell Financial Services, Inc. answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Novak & Powell Financial Services, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-22), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →