# 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.

- CRD: 318958
- Filed as: INNOVA ADVISORS
- Legal name: Innova Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Coral Gables, FL
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/318958
- AdvisorCensus page: https://advisorcensus.com/firm/innova-advisors-coral-gables-fl-318958

## Quick answers

**How 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.

**How much does Innova Advisors charge?**
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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated August 28, 2026)

- Asset-based fee: 0.45% to 2% a year (a range, as the brochure states it)

> 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 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley & Co. LLC
- Raymond James & Associates, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $264,788,168
- Discretionary: $283,978
- Non-discretionary: $264,504,190

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 26 | $3,535,052 |
| High net worth individuals | 2 | $13,882,045 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 13 | $247,371,071 |
| Other | 0 | $0 |

### 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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- innovadvisors.com
- LinkedIn @innova-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $0 | 3 | September 27, 2022 |
| October 2023 | $100,554,217 | 5 | August 30, 2023 |
| October 2024 | $192,432,409 | 5 | March 21, 2024 |
| October 2025 | $212,039,919 | 5 | March 24, 2025 |
| October 2026 | $264,788,168 | 4 | August 28, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Innova Advisors (CRD 318958): Form ADV filing data as of October 2026.