{
  "crd_number": 112970,
  "slug": "novak-and-powell-financial-services-inc-st-petersburg-fl-112970",
  "primary_business_name": "NOVAK & POWELL FINANCIAL SERVICES, INC.",
  "legal_name": "NOVAK & POWELL FINANCIAL SERVICES, INC.",
  "dbas": [
    "CARR CAPITAL MANAGEMENT",
    "GATES & POWELL FINANCIAL SERVICES, INC.",
    "GATES FINANCIAL SERVICES, INC"
  ],
  "city": "St. Petersburg",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "45300",
  "metro": {
    "cbsa_code": "45300",
    "common_name": "Tampa",
    "msa_name": "Tampa-St. Petersburg-Clearwater, FL",
    "path": "/advisors/fl/tampa"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-01-24",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-03-22",
  "carried_forward": false,
  "raum_total": 359464704.0,
  "raum_discretionary": 359464704.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 359464704.0,
      "count": 426
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IN",
    "MA",
    "MO",
    "NC",
    "NY",
    "PA",
    "RI",
    "TX",
    "WV"
  ],
  "websites": [
    "https://carrteam.com",
    "https://novakpowell.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/112970",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "ST. PETERSBURG",
  "url": "https://advisorcensus.com/firm/novak-and-powell-financial-services-inc-st-petersburg-fl-112970",
  "display_name": "Novak & Powell Financial Services, Inc.",
  "summary": "Novak & Powell Financial Services, Inc. is an SEC-registered investment advisory firm in St. Petersburg, FL, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 22, 2026.",
  "citation": "AdvisorCensus. Novak & Powell Financial Services, Inc. (CRD 112970): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Novak & Powell Financial Services, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Novak & Powell Financial Services, Inc. reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Novak & Powell Financial Services, Inc. located?",
      "a": "Novak & Powell Financial Services, Inc.'s principal office is in St. Petersburg, FL, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Novak & Powell Financial Services, Inc. registered with the SEC or a state?",
      "a": "Novak & Powell Financial Services, Inc. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 112970."
    },
    {
      "q": "How much does Novak & Powell Financial Services, Inc. manage?",
      "a": "Novak & Powell Financial Services, Inc. reports $359,464,704 in regulatory assets under management in its Form ADV filing dated March 22, 2026 (100% discretionary)."
    },
    {
      "q": "How have Novak & Powell Financial Services, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Novak & Powell Financial Services, Inc.: Regulatory assets under management: $238,557,949 in the October 2021 data and $359,464,704 in the October 2026 data, up 51%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Novak & Powell Financial Services, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (426)."
    },
    {
      "q": "Which custodians does Novak & Powell Financial Services, Inc. use?",
      "a": "Novak & Powell Financial Services, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Novak & Powell Financial Services, Inc. report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/112970"
    },
    {
      "q": "Does Novak & Powell Financial Services, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 22, 2026 says: \"The minimum portfolio value is generally set at $500,000. NPFS may, at its sole discretion, make exceptions to this minimum portfolio value or the below annual fee schedule.\""
    },
    {
      "q": "What changed in Novak & Powell Financial Services, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name A.T. Whitehead. Employees performing advisory functions went from 8 to 7."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 238557949.0,
      "total_employees": 6,
      "filing_date": "2021-03-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 296486479.0,
      "total_employees": 9,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 256267569.0,
      "total_employees": 10,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 305936638.0,
      "total_employees": 8,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 333645585.0,
      "total_employees": 8,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 359464704.0,
      "total_employees": 7,
      "filing_date": "2026-03-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name A.T. Whitehead.",
        "Employees performing advisory functions went from 8 to 7."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 22, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum portfolio value is generally set at $500,000. NPFS may, at its sole discretion, make exceptions to this minimum portfolio value or the below annual fee schedule."
        ]
      }
    ],
    "quotes": [
      "The minimum portfolio value is generally set at $500,000. NPFS may, at its sole discretion, make exceptions to this minimum portfolio value or the below annual fee schedule."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Raymond James & Associates, Inc.",
      "name_as_filed": "RAYMOND JAMES & ASSOCIATES, INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/novak-and-powell-financial-services-inc-st-petersburg-fl-112970.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 426,
      "fewer_than_5": false,
      "raum": 359464704.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/112970",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}