Power Wealth Management LLC (“PWM”) was established in 2018, applied for registration as an
Registered Investment Adviser in 2021, and applied for registration with the Securities and
Exchange Commission in 2023. Brett Power is a principal owner of PWM.
PWM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Clients could incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees,
which are disclosed in the fund’s prospectus. Such charges, fees and commissions are exclusive of
and in addition to PWM’s fee, and PWM shall not receive any portion of these commissions, fees,
and costs.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way we make money creates some conflicts with your interests, so we
operate under a special rule that requires us to act in your best interest and not put our interest
ahead of yours.
Under this special rule's provisions, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give
loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Portfolio Management Services
PWM provides advisory services, giving continuous advice based on the client’s individual needs.
Through personal discussions in which goals and objectives based upon the client’s personal
objectives are established, the Firm will develop a personal investment policy based upon an
investment objective questionnaire and manage the portfolio according to the criteria.
As part of our portfolio management services, in addition to other types of investments (see
disclosures below in this section), we may invest your assets according to one or more model
portfolios developed by our firm. These models are designed for investors with varying degrees of
risk tolerance ranging from a more aggressive investment strategy to a more conservative
investment approach. Clients whose assets are invested in model portfolios may not set
restrictions on the specific holdings or allocations within the model, nor the types of securities
that can be purchased in the model.
Each client has the ability to impose reasonable restrictions on the management of his/her
account, including the designation of particular securities or types of securities that should not be
purchased for the account, or that should be sold if held in the account. If a client’s instructions are
unreasonable or an Investment Advisor Representative believes that the instructions are
inappropriate for the client, PWM will notify the client that, unless the instructions are modified,
it will cancel the instructions in the client’s account. A client will not be able to provide instructions
that prohibit or restrict the Investment Adviser of an open-end or closed-end mutual fund or ETF
with respect to the purchase or sale of specific securities or types of securities within the fund.
Financial Planning
PWM offers advice in the form of a Financial Plan. Clients will receive a written plan, providing the
client with a detailed financial plan designed to achieve their stated financial goals and objectives.
Financial planning services offered typically involve providing a variety of advisory services to
clients regarding the management of their financial resources based upon an analysis of their
individual needs. These services
can range from broad-based financial planning to consultative or
single subject planning. If you retain our firm for financial planning services, we will meet with
you to gather information about your financial circumstances and objectives. We may also use
financial planning software to determine your current financial position and to define and quantify
your long-term goals and objectives. Once we specify those long-term objectives (both financial
and non-financial), we will develop shorter-term, targeted objectives. Once we review and analyze
the information you provide to our firm and the data derived from our financial planning software,
we will deliver a written plan to you, designed to help you achieve your stated financial goals and
objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on
the financial information you provide to us. You must promptly notify our firm if your financial
situation, goals, objectives, or needs change.
Clients are not under any obligation to engage PWM when considering implementation of advisory
recommendations. The implementation of any or all recommendations is solely at the discretion
of the client and can be implemented through another RIA.
Retirement Planning Services
PWM provides non-discretionary Retirement Plan Consulting Services based on the needs of the
plan and the services requested by the plan sponsor or named fiduciary.
In general, these services may include an existing plan review and analysis, plan-level advice
regarding fund selection and investment options, education services to plan participants,
investment performance monitoring, and/or ongoing consulting. These pension consulting
services will generally be non- discretionary and advisory in nature. The ultimate decision to act
on behalf of the plan shall remain with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related
educational seminars to plan participants on such topics as:
• Diversification;
• Asset allocation;
• Risk tolerance; and
• Time horizon
Our educational seminars may include other investment-related topics specific to the particular
plan. We may also provide additional types of pension consulting services to plans on an
individually negotiated basis. All services, whether discussed above or customized for the plan
based upon requirements from the plan fiduciaries (which may include additional plan-level or
participant-level services) shall be detailed in a written agreement and be consistent with the
parameters set forth in the plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written
notice to the other party in accordance with the terms of the agreement for services. The pension
consulting fees will be prorated for the quarter in which the termination notice is given and any
unearned fees will be refunded to the client.
Written Acknowledgement of Fiduciary Status
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way we make money creates some conflicts with your interests, so we
operate under a special rule that requires us to act in your best interest and not put our interest
ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
As of April 4, 2023, PWM has approximately $260,570,277 in discretionary assets and 33,184,933
in non-discretionary assets under management. PWM may manage assets on a discretionary or
non-discretionary basis.