INNOVATIVE ADVISORY PARTNERS, LLC
Adviser information for INNOVATIVE ADVISORY PARTNERS, LLC last updated from Form ADV on March 30th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Tennessee, United States |
Employees
| Total Number of Employees | 8 |
|---|---|
| Investment Advisory/Research | 6 |
| Registered Broker-Dealer Representatives | 4 |
| Registered State Investment Advisers | 6 |
| Licensed Agents of an Insurance Company | 6 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 832 | $192.1M |
| Non-Discretionary | 201 | $6.7M |
| Total | 1,033 | $198.8M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 228 | $32.0M |
| HNW Individuals | 129 | $160.0M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 1 | $6.8M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 26-50 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)Educational seminars/workshopsCONSULTING |
|---|---|
| Compensation | % of AUMHourly chargesFixed feesSHARE IN THIRD PARTY FEES |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 144.9M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| ASSET MANAGEMENT SERVICES | INNOVATIVE ADVISORY PARTNERS, LLC |
Identifiers
| SEC RIA File Number | 801-78600 |
|---|---|
| SEC ERA File Number | 801-78600 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 156135 |
| Legal Entity Identifier | None |
Principal Office
4700 HIXSON PIKEHIXSON
TN
United States
Monday - Friday, 8:30 A.M. - 5:00 P.M.
Tel: 423-870-2140, Fax: 423-870-2164
Chief Compliance Officer
JOE FRANKLIN
PRESIDENT
4700 HIXSON PIKE
HIXSON
TN
United States
Tel:
(423) 870-2140
Fax:
(423) 870-2164
J***********@*************M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| FRANKLIN WEALTH MANAGEMENT, LLC | Domestic Entity | – | OWNER | 07/2018 | > 75% |
| FRANKLIN, JOE, DAVID | Individual | – | CHIEF COMPLIANCE OFFICER / CHIEF EXECUTIVE OFFICER | 08/2019 | < 5% |
| FRANKLIN, JOE, DAVID | Individual | FRANKLIN WEALTH MANAGEMENT, LLC | OWNER | 05/2010 | > 75% |