AdvisorCensus / Financial advisors / Florida / Miami / Innova Advisors
Innova Advisors is an SEC-registered investment advisory firm in Coral Gables, FL, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 28, 2026.
Quick answers
From the filingHow is Innova Advisors compensated?
On its Form ADV (Item 5.E, October 2026), Innova Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.
What does Innova Advisors' brochure say about its fees?
Its Form ADV Part 2A brochure dated August 28, 2026 states: Asset-based fee: 0.45% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Innova Advisors located?
Innova Advisors' principal office is in Coral Gables, FL, according to its Form ADV.
Is Innova Advisors registered with the SEC or a state?
Innova Advisors is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 318958.
How much does Innova Advisors manage?
Innova Advisors reports $264,788,168 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (0% discretionary).
How have Innova Advisors' assets and staff changed since 2022?
In the Form ADV data for Innova Advisors: Regulatory assets under management: $0 in the October 2022 data and $264,788,168 in the October 2026 data. Total employees: 3 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Innova Advisors serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (26); corporations or other businesses not listed above (13); high net worth individuals (2).
Which custodians does Innova Advisors use?
Innova Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets.
Does Innova Advisors report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/318958
Does Innova Advisors state an account minimum?
Its Form ADV Part 2A brochure dated August 28, 2026 says: "The minimum dollar value for establishing an Account is generally $100,000. Initial investments of a lesser amount may be accepted at Adviser’s discretion."
What changed in Innova Advisors' recent Form ADV filings?
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.45% to 2% a year (a range, as the brochure states it)
The brochure's wording
Adviser typically receives an annual management fee, between 0.45% and 2% of the net asset value of the Account. All fees are negotiable.
Account minimum: $100,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum dollar value for establishing an Account is generally $100,000. Initial investments of a lesser amount may be accepted at Adviser’s discretion.
As stated in the firm's Form ADV Part 2A brochure dated August 28, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$264,788,168 as of October 2026, filing dated August 28, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Legal name
- Innova Advisors LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 4. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $264,788,168 | 4 | August 28, 2026 |
| October 2025 | $212,039,919 | 5 | March 24, 2025 |
| October 2024 | $192,432,409 | 5 | March 21, 2024 |
| October 2023 | $100,554,217 | 5 | August 30, 2023 |
| October 2022 | $0 | 3 | September 27, 2022 |
Regulatory assets under management: $0 in the October 2022 data and $264,788,168 in the October 2026 data.
Total employees: 3 in October 2022 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Regulatory assets under management went from $212,039,919 to $264,788,168 (+25%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Innova Advisors (CRD 318958): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/innova-advisors-coral-gables-fl-318958