Expert Review

Spuds Powell: Hidden Disclosures & Lawsuits (Update 2024)

Who is Spuds Powell (CRD#: 2441720)?

Spuds Powell is a Managing Director of Kayne Anderson Rudnick Wealth Advisors, where he also serves on the Wealth Advisory Investment Committee. He has worked in the wealth management profession for around 30 years. He was the National Mid-Plan Sales Manager for Financial Engines, a firm founded by Nobel Laureate Dr William Sharpe, before joining Kayne Anderson Rudnick in 2004. Spuds is ranked first among the Top 100 Independent Financial Advisors by Barron’s and will be inducted into the Barron’s Hall of Fame in 2022.

This article goes further into Spuds Powell’s past, uncovering hidden disclosures and SEC litigations, as well as analyzing the implications for law.

About Kayne Anderson Rudnick Investment Management

Kayne Anderson Rudnick Investment Management, LLC (KAR) is a Los Angeles-based fee-only financial advisory firm. The firm primarily works with high-net-worth individuals, although it also serves institutional investors of various types. It offers financial planning as well as portfolio management services.

Kayne Anderson Rudnick Investment Management Background

Kayne Anderson Rudnick was founded in 1985 by John Anderson, Richard Kayne, and Allan Rudnick. Virtus Investments Partners, Inc. now owns the entire firm.

The consulting staff of the organization has an amazing list of certifications. On staff are chartered financial analysts (CFA), certified financial planners (CFP), certified private wealth advisors (CPWA), chartered retirement planning counsellors (CRPC), certified trust and financial advisors (CTFA), certified public accountants (CPA), chartered alternative investment analysts (CAIA), and advisors with a certificate in investment performance measurement (CIPM).

Investment Philosophy

Kayne Anderson Rudnick’s investment strategy revolves around research. The company opts to keep control over its investment decisions rather than outsource the research to a third party. Before investing, KAR examines a company’s balance sheet, financial statements, regulatory filings, press releases, and other industry data to ensure that it has a thorough financial picture.

Based on the facts provided above, KAR primarily invests in equities when constructing client portfolios. It categorizes these potential investments as large-cap, mid-cap, and small-cap so that its advisors may readily match them to a client’s risk tolerance and other requirements.

Fees Under Kayne Anderson Rudnick Investment Management

Kayne Anderson Rudnick Investment Management charges different fees for different clients and portfolio types. The firm charges asset-based fees, and its rates reduce as the portfolio’s worth increases. Although the firm advertises an annual rate, clients are charged regularly. Clients might choose to pay these costs in arrears or in advance, depending on their arrangement with their advisor. Clients can also choose to be billed separately or set up direct payment from their accounts.

What is SEC?

The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate in a fair and orderly manner, and facilitate capital formation.

Spuds Powell Disclosures: BrokerCheck, FINRA, And SEC

BrokerCheck report of Spuds Powell includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.

BrokerCheck

Source: https://adviserinfo.sec.gov/individual/summary/2441720

SEC Litigations & Forms

image 1351

Source: https://secsearch.sec.gov/search?affiliate=secsearch&sort_by=&query=%27Spuds+Powell%27

Spuds Powell Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis, law, and Law360. If Spuds Powell has been involved in any such lawsuits, then you can find the documents using the links down below:

There might be more pending lawsuits against Spuds Powell which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Spuds Powell on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

Spuds Powell Complaints and Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Spuds Powell using the websites down below:

You can contact the law firms mentioned above if facing issues with Spuds Powell or any financial advisor.

Better Alternatives To Spuds Powell:

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Screenshot 7

Manages Assets Worth

  • $6,427,792,177

Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
Screenshot 8

Manages Assets Worth

  • $4,465,757,285

Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
Screenshot 9

Manages Assets Worth

  • $302,000,000

Services

  • Financial planning
  • Portfolio management

We will be happy to hear your thoughts

Leave a reply

Gripeo
Logo