Planning Works Advisory, Inc. (CRD # 297573) (PWA) is registered as an investment adviser
with the Securities Exchange Commission. PWA is based in Texas and is organized as a
corporation under the laws of the State of Texas. The firm was formed in 2021 and currently has
3 employees.
PWA’s principal office and place of business is located at 7719 Wood Hollow Drive, Ste 216,
Austin, TX 78731. Regular business hours are Monday through Friday 8:00 am to 5:00 pm.
The firm can be contacted by phone at (512) 498-7526.
The firm is owned by Mikiel Featherston who serves as PWA’s President and Chief Compliance
Officer.
PWA provides ongoing discretionary and non-discretionary portfolio management services to
individuals, families and businesses. When providing portfolio management services, the firm
not only makes recommendations related to investments, but also implements these
recommendations and provides ongoing monitoring and reporting. In some cases, the firm may
delegate certain investment management responsibilities to outside managers under a sub-
advisory or third party management arrangement. Clients may elect to give the firm discretion to
make all decisions (discretionary management) or may prefer to approve all decisions before
implementation (non-discretionary management).
PWA also provides non-management investment advisory services to individuals, families and
businesses where the firm makes ongoing investment recommendations but the client is
responsible for determining whether or not to implement recommendations, and if they decide to
do so, are responsible for actual implementation.
Additionally, the firm provides project oriented and ongoing financial planning and consulting
services to individuals and families where the firm offers advice or other strategic assistance in
areas such as education funding, retirement planning, estate planning, risk management,
employee benefits planning,
tax planning, etc. When engaged to provide financial planning or
consulting assistance, clients are responsible for determining whether or not to implement a
recommendation, and if they decide to do so, are responsible for implementation. The details of
an engagement vary on a case by case basis depending on the complexity of the client’s financial
situation. Generally however, an engagement involves identification of goals and objectives,
collection and analysis of data, formulation of a strategy, and in some cases, preparation of a
written plan.
PWA also provides retirement plan services to businesses which may include plan level services
such as discretionary management services, non-discretionary management services, and
investment advisory services related to different types of retirement plans. When providing
management services, the firm is responsible for implementing recommendations. When the
firm is providing advisory services, the client is responsible for implementation of
recommendations.
Regardless of the services provided, each is tailored to the individual needs of a particular client
(whether an individual, a family, or a business) through an assessment conducted prior to an
engagement. Clients may impose restrictions related to the level of discretion granted, the types
of investments used, etc. Terms of an actual engagement, including description of service,
limitations and restrictions, fees, etc., are all detailed before any engagement begins in a written
client agreement.
PWA does not provide a “wrap fee” program, although some managers to whom PWA delegates
may do so. Information about such programs is detailed in the applicable manager’s disclosure
brochure.
As of December 31, 2023, the firm managed $146,072,304 in client assets, $139,938,488 of
which was managed on a discretionary basis and $6,133,816 of which was managed on a non-
discretionary basis.