AdvisorCensus / Financial advisors / Tennessee / Chattanooga / Innovative Advisory Partners, LLC
Innovative Advisory Partners, LLC is an SEC-registered investment advisory firm in Hixson, TN, registered since 2013, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 6, 2026.
Quick answers
From the filingHow is Innovative Advisory Partners, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Innovative Advisory Partners, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.
How much does Innovative Advisory Partners, LLC charge?
Its Form ADV Part 2A brochure dated April 6, 2026 states: Hourly rate: $200 to $300 an hour (financial plans that are based on an hourly rate); Flat fee: $1,500 to $30,000 (financial plans that are based on a flat rate). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Innovative Advisory Partners, LLC located?
Innovative Advisory Partners, LLC's principal office is in Hixson, TN, according to its Form ADV.
Is Innovative Advisory Partners, LLC registered with the SEC or a state?
Innovative Advisory Partners, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 156135.
How much does Innovative Advisory Partners, LLC manage?
Innovative Advisory Partners, LLC reports $352,100,000 in regulatory assets under management in its Form ADV filing dated April 6, 2026 (97% discretionary).
How have Innovative Advisory Partners, LLC's assets and staff changed since 2021?
In the Form ADV data for Innovative Advisory Partners, LLC: Regulatory assets under management: $143,000,000 in the October 2021 data and $352,100,000 in the October 2026 data, up 146%. Total employees: 9 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Innovative Advisory Partners, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (390); high net worth individuals (52); charitable organizations (1).
Which custodians does Innovative Advisory Partners, LLC use?
Innovative Advisory Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Innovative Advisory Partners, LLC 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/156135
What changed in Innovative Advisory Partners, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $260,400,000 to $352,100,000 (+35%).
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
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
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 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Hourly rate: $200 to $300 an hour (financial plans that are based on an hourly rate)
The brochure's wording
The fee for financial plans that are based on an hourly rate is calculated by a multiple of the anticipated number of hours required and an hourly rate that generally ranges from $200 to $300 per hour.
Flat fee: $1,500 to $30,000 (financial plans that are based on a flat rate)
The brochure's wording
The fee for financial plans that are based on a flat rate generally range from $1,500 to $30,000.
As stated in the firm's Form ADV Part 2A brochure dated April 6, 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$352,100,000 as of October 2026, filing dated April 6, 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
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other
Registration and firm details
Items 1, 2, 5- Also doing business as
- FINANCIAL EDUCATORS NETWORK OF EAST TENNESSEE, FRANKLIN WEALTH MANAGEMENT
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2013 (12 years)
- Employees
- Total: 8. Performing investment advisory functions: 6.
- Wrap fee program participation
- Yes.
- 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
-
8 states or jurisdictions
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 | $352,100,000 | 8 | April 6, 2026 |
| October 2025 | $260,400,000 | 8 | April 1, 2025 |
| October 2024 | $198,800,000 | 8 | March 30, 2024 |
| October 2023 | $170,000,000 | 8 | March 31, 2023 |
| October 2022 | $187,000,000 | 9 | March 30, 2022 |
| October 2021 | $143,000,000 | 9 | April 17, 2021 |
Regulatory assets under management: $143,000,000 in the October 2021 data and $352,100,000 in the October 2026 data, up 146%.
Total employees: 9 in October 2021 and 8 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- April 2026
- Regulatory assets under management went from $260,400,000 to $352,100,000 (+35%).
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. Innovative Advisory Partners, LLC (CRD 156135): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/innovative-advisory-partners-llc-hixson-tn-156135