Read & Powell Financial Services, LLC

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Client assets under management

$153,472,180

Clients

529

11% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

176

Very High

Average account size

$290,118

About

Read & Powell Financial Services provides discretionary portfolio management and comprehensive financial planning to individuals, high‑net‑worth clients, and select charitable organizations, overseeing roughly $159.7 million across more than 500 client relationships. Services include ongoing portfolio management, written financial plans and access to wrap advisory programs; investment management is generally charged on an asset‑based basis.

The firm develops individualized investment policies through in‑depth interviews to establish objectives, time horizon, risk tolerance and liquidity needs, and implements portfolios across a range of securities including equities, fixed income, mutual funds, ETFs and certain alternative interests. Portfolios are managed on a discretionary basis with quarterly reviews, periodic rebalancing, and the use of fundamental and technical analysis alongside mutual‑fund/ETF due diligence to guide security selection.

Two features distinguish the practice from many peers: the firm sponsors client participation in the Fidelity Managed Account Xchange (FMAX) wrap program and leverages the platform’s analytic and FinTech tools for model construction and reporting, and key firm personnel are partners in an affiliated accounting firm that routinely cross‑refers clients. The brochure discloses that those accounting partners devote the majority of their time to the accounting practice and identifies the referral and insurance relationships as potential conflicts of interest that are disclosed to clients.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

General estate planning guidance Wealth management

Fee options

Percentage

1% annually

Commissions

Agents of the firm may receive separate commission compensation from insurance product sales.

Project-based

Financial planning fees generally $250 per hour, fees determined based on services and complexity.

Main office location

Read & Powell Financial Services, LLC

491 5 Th Street

Elko NV 89801, United States

Number of offices

Most active in

Idaho · Nevada · New Hampshire · Utah

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 775-738-4430

Advisors at this firm

Nick K

Series 63, Series 65

Elko, NV

Read & Powell Financial Services, LLC

Nick Konakis is a financial advisor with Read & Powell Financial Services, LLC in Elko, NV, holding Series 63 and Series 65 licenses and bringing 21 years of industry experience. He has been with Read & Powell Financial Services since 2004 and is also associated with Read & Powell, LLP, an accounting partnership. Read & Powell Financial Services, LLC provides discretionary portfolio management and financial planning to individual, high-net-worth, and charitable clients, managing approximately $147 million across about 516 clients. The firm employs a team approach, using fundamental and technical analysis alongside mutual fund and ETF evaluation, and leverages Fidelity’s FMAX platform and integrated fintech tools to develop and implement personalized investment policies.

General estate planning guidance Wealth management

Diane R

Series 66

Elko, NV

Read & Powell Financial Services, LLC

Diane Rice is a financial advisor with Read & Powell Financial Services, LLC, holding a Series 66 designation and 20 years of industry experience. She has worked at Wells Fargo Advisors LLC since 2011. Outside of her advisory role, she is employed as a personal assistant. Read & Powell Financial Services, LLC provides discretionary portfolio management and financial planning to individual and high-net-worth clients, as well as charitable organizations. The firm uses a combination of fundamental and technical analysis to develop individualized investment policies and manages approximately $147 million for over 500 clients through a team of six advisors.

General estate planning guidance Wealth management

Eric W

Series 65

Elko, NV

Read & Powell Financial Services, LLC

Eric Wiseman is a Series 65-credentialed financial advisor with eight years of industry experience. He has been associated with Read & Powell, LLP since 2006. Read & Powell Financial Services, LLC provides discretionary portfolio management and financial planning to individual and high-net-worth clients, as well as charitable organizations. The firm manages approximately $147 million for about 516 clients through a team of six advisors and uses a combination of fundamental and technical analysis alongside mutual fund and ETF evaluation to develop and implement individualized investment policies.

General estate planning guidance Wealth management

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