{
  "crd_number": 301918,
  "slug": "mgm-innova-cap-management-llc-miami-fl-301918",
  "primary_business_name": "MGM INNOVA CAP MANAGEMENT LLC",
  "legal_name": "MGM INNOVA CAP MANAGEMENT LLC",
  "dbas": [],
  "city": "Miami",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "33100",
  "metro": {
    "cbsa_code": "33100",
    "common_name": "Miami",
    "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL",
    "path": "/advisors/fl/miami"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-04-28",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-05-07",
  "carried_forward": false,
  "raum_total": 77988960.0,
  "raum_discretionary": 77988960.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 10,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 77988960.0,
      "count": 4
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL"
  ],
  "websites": [
    "https://facebook.com/mgminnovagroup",
    "https://linkedin.com/company/mgm-innova-capital/about",
    "https://mgminnovagroup.com/capital",
    "https://twitter.com/mgminnovagroup",
    "https://youtube.com/channel/UCAcCjrBjFZ8lQzKnsZ5cjkg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/301918",
  "city_as_filed": "MIAMI",
  "url": "https://advisorcensus.com/firm/mgm-innova-cap-management-llc-miami-fl-301918",
  "display_name": "MGM Innova Cap Management LLC",
  "summary": "MGM Innova Cap Management LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2021, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated May 7, 2026.",
  "citation": "AdvisorCensus. MGM Innova Cap Management LLC (CRD 301918): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is MGM Innova Cap Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), MGM Innova Cap Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does MGM Innova Cap Management LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated May 7, 2026 states: Asset-based fee: 1.6% 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."
    },
    {
      "q": "Where is MGM Innova Cap Management LLC located?",
      "a": "MGM Innova Cap Management LLC's principal office is in Miami, FL, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is MGM Innova Cap Management LLC registered with the SEC or a state?",
      "a": "MGM Innova Cap Management LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 301918."
    },
    {
      "q": "How much does MGM Innova Cap Management LLC manage?",
      "a": "MGM Innova Cap Management LLC reports $77,988,960 in regulatory assets under management in its Form ADV filing dated May 7, 2026 (100% discretionary)."
    },
    {
      "q": "How have MGM Innova Cap Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for MGM Innova Cap Management LLC: Regulatory assets under management: $187,532,988 in the October 2021 data and $77,988,960 in the October 2026 data, down 58%. Total employees: 9 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does MGM Innova Cap Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does MGM Innova Cap Management LLC report any disciplinary disclosures?",
      "a": "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/301918"
    },
    {
      "q": "Does MGM Innova Cap Management LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 7, 2026 says: \"The minimum investment subscription for a Private Fund is generally $1,000,000.\""
    },
    {
      "q": "What changed in MGM Innova Cap Management LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Regulatory assets under management went from $129,084,503 to $77,988,960 (-40%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 187532988.0,
      "total_employees": 9,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 162173829.0,
      "total_employees": 9,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 159098475.0,
      "total_employees": 10,
      "filing_date": "2023-05-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 134254371.0,
      "total_employees": 10,
      "filing_date": "2024-04-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 129084503.0,
      "total_employees": 10,
      "filing_date": "2025-04-04"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 77988960.0,
      "total_employees": 10,
      "filing_date": "2026-05-07"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Regulatory assets under management went from $129,084,503 to $77,988,960 (-40%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 7, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "1.6% to 2% a year",
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1.6% to 2% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "In its capacity as investment manager to the Private Funds, MGM receives an investment management fee that ranges from 1.60% to 2.00% per annum of the respective Fund’s aggregate"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000"
        ],
        "quotes": [
          "The minimum investment subscription for a Private Fund is generally $1,000,000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        1.6,
        2.0
      ],
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "In its capacity as investment manager to the Private Funds, MGM receives an investment management fee that ranges from 1.60% to 2.00% per annum of the respective Fund’s aggregate",
      "The minimum investment subscription for a Private Fund is generally $1,000,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/mgm-innova-cap-management-llc-miami-fl-301918.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 77988960.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/301918",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}