Mike Powers began his career in Chicago in public accounting. But he wanted to expand beyond only working with numbers and use his skills to truly help other people. “With my accounting background, I saw a way to shift my path to financial planning. And the fee-only pricing structure that Verus offers clients is the only way I’d want to do this career," says Mike, a vice president. "It’s absolutely the right thing to do, and ensures that my recommendations to clients are not impacted by any additional compensation."

Mike brings true passion to his position, whether he’s helping clients to understand their finances or promoting the concept of fee-only financial planning throughout the industry. A proud alumnus of Virginia Commonwealth University, Mike graduated magna cum laude with dual bachelor’s degrees in accounting and finance. He and his wife, Kacie, were happy to return to the Richmond area in 2014. Mike enjoys volunteering for Big Brothers Big Sisters, exercising outdoors, travel, and spending time with his daughter and son.

Mike’s designations and memberships include:

  • Certified Public Accountant (CPA)
  • Personal Financial Specialist (PFS) designation with the American Institute of Certified Public Accountants (AICPA)
  • Accredited Investment Fiduciary® professional designation from Fiduciary 360
  • Life and Health Insurance Consultant license in Virginia
  • 2017 Standing Ovation Award in Personal Financial Planning from the AICPA
  • National Association of Personal Financial Advisors (NAPFA) registered advisor
  • Member, American Institute of Certified Public Accountants
  • Member, Financial Planning Association
  • Verus Investment Policy Committee