Innovative Capital Advisors, LLC
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Overview
Innovative Capital Advisors, LLC is a financial advisory firm headquartered in Chicago, Illinois. The firm handles $661.4 million in assets under management throughout 28 accounts, making it one of the bigger financial advisory firms in the nation by assets under management (AUM). It has a small group, including 4 financial advisors. Innovative Capital Advisors, LLC is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as options, stocks and bonds.
Innovative Capital Advisors, LLC administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell judgments are made by a portfolio manager without requiring the client's permission. Innovative Capital Advisors, LLC's typical account size is $23.6 million. The typical financial advisor at Innovative Capital Advisors, LLC administers around seven client accounts, making it one of the more individualized financial advisor firms in the country.
The company's headquarters is located at 222 South Riverside Plaza, Chicago, Illinois 60606.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Innovative Capital Advisors, LLC by the Numbers
$661.4 million
8
28
$23.6 million
Fee Structure
A financial advisor's fees are based on the type of services provided. Fees charged by the firm typically consist of the following fee structure: asset-based. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to insurance companies. Out of its 28 accounts, Innovative Capital Advisors, LLC's largest client is insurance companies. None of the firm's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Innovative Capital Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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