# Innovative Capital Advisors, LLC

> Innovative Capital Advisors, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated January 29, 2026.

- CRD: 161281
- Filed as: INNOVATIVE CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: January 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161281
- AdvisorCensus page: https://advisorcensus.com/firm/innovative-capital-advisors-llc-chicago-il-161281

## Quick answers

**How is Innovative Capital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Innovative Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Innovative Capital Advisors, LLC located?**
Innovative Capital Advisors, LLC's principal office is in Chicago, IL, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Innovative Capital Advisors, LLC registered with the SEC or a state?**
Innovative Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161281.

**How much does Innovative Capital Advisors, LLC manage?**
Innovative Capital Advisors, LLC reports $619,456,034 in regulatory assets under management in its Form ADV filing dated January 29, 2026 (100% discretionary).

**How have Innovative Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Innovative Capital Advisors, LLC: Regulatory assets under management: $543,980,017 in the October 2021 data and $619,456,034 in the October 2026 data, up 14%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Innovative Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: insurance companies (25).

**Does Innovative Capital Advisors, 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/161281

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $619,456,034
- Discretionary: $619,456,034
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Insurance companies | 25 | $619,456,034 |

### Advisory services (Item 5.G)
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the February 2026 filing
- Leawood, KS

### Websites listed on Form ADV (Item 1.I)
- icadv.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $543,980,017 | 8 | February 4, 2021 |
| October 2022 | $594,566,822 | 8 | January 26, 2022 |
| October 2023 | $661,354,765 | 8 | January 18, 2023 |
| October 2024 | $654,932,848 | 7 | August 8, 2024 |
| October 2025 | $629,321,818 | 7 | February 12, 2025 |
| October 2026 | $619,456,034 | 7 | January 29, 2026 |

Regulatory assets under management: $543,980,017 in the October 2021 data and $619,456,034 in the October 2026 data, up 14%.
Total employees: 8 in October 2021 and 7 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Innovative Capital Advisors, LLC (CRD 161281): Form ADV filing data as of October 2026.