# Power Asset Management LLC

> Power Asset Management LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2003, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 128580
- Filed as: POWER ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/128580
- AdvisorCensus page: https://advisorcensus.com/firm/power-asset-management-llc-los-angeles-ca-128580

## Quick answers

**How is Power Asset Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Power Asset Management LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Power Asset Management LLC located?**
Power Asset Management LLC's principal office is in Los Angeles, CA, according to its Form ADV.

**Is Power Asset Management LLC registered with the SEC or a state?**
Power Asset Management LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 128580.

**How much does Power Asset Management LLC manage?**
Power Asset Management LLC reports $175,000,000 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Power Asset Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Power Asset Management LLC: Regulatory assets under management: $355,000,000 in the October 2021 data and $175,000,000 in the October 2026 data, down 51%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Power Asset Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (35).

**Which custodians does Power Asset Management LLC use?**
Power Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Northern Trust Securities, Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Power Asset Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/128580

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- Northern Trust Securities, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $175,000,000
- Discretionary: $175,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 35 | $175,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2003 (23 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- powerassetmanagement.com
- LinkedIn @MICHAELRPOWER

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $355,000,000 | 1 | March 16, 2021 |
| October 2022 | $360,000,000 | 1 | March 31, 2022 |
| October 2023 | $250,000,000 | 1 | April 27, 2023 |
| October 2024 | $217,000,000 | 1 | August 5, 2024 |
| October 2025 | $189,000,000 | 1 | March 27, 2025 |
| October 2026 | $175,000,000 | 1 | March 24, 2026 |

Regulatory assets under management: $355,000,000 in the October 2021 data and $175,000,000 in the October 2026 data, down 51%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Power Asset Management LLC (CRD 128580): Form ADV filing data as of October 2026.