Innovative Portfolios LLC

CRD#281382
Investment Advisor Firm

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Learn more about Innovative Portfolios LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Innovative Portfolios LLC operates as an advisory firm headquartered in Indianapolis, Indiana. Innovative Portfolios LLC controls $590.7 million in assets throughout 1,118 client accounts, placing it among the larger firms in the United States by assets under management (AUM). The company has a small group, including 10 financial advisors. Innovative Portfolios LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets like equities, bonds and options.

    Innovative Portfolios LLC oversees more than half of the company's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make transaction choices for the client's account without needing the customer's authorization. The company also administers 45 non-discretionary accounts with a total of $2.4 million in assets under management. Innovative Portfolios LLC manages roughly $528,323 in assets for every customer account. An average advisor at Innovative Portfolios LLC oversees around 112 client accounts.

    The company's main office is located at 8801 River Crossing Blvd, Indianapolis, Indiana 46240. It is permitted to serve investors across a few states, including Indiana, New Jersey and Tennessee.

    Assets Under Management

    $590.7 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    8801 River Crossing Blvd
    Indianapolis, IN 46240

    Innovative Portfolios LLC by the Numbers

    Total Assets Under Management

    $590.7 million

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    1,118

    National Average: 375,227
    Average Account Size

    $528.3 thousand

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees vary depending on which service is provided. Fees charged by Innovative Portfolios LLC may include the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Innovative Portfolios LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company works with investment companies, pooled investment vehicles and other investment advisers. Out of its 1,118 clients, Innovative Portfolios LLC's largest client group is other investment advisers. None of the firm's clients are from outside of the U.S.

    • 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 Portfolios LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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