Innovative Private Wealth Management Inc.

RIASEC Registered

Total AUM

$367M

Discretionary

$285M

78% of AUM

Avg account

$516K

Accounts

711

Employees

Advisory reps

Firm details

Headquarters: Somers, New York
CRD number: 324586
Registered since: February 27, 2023
Website: innovativepwm.com
Custodians: CHARLES SCHWAB & CO., INC., VALLEY BANK
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: Pooled Investment Vehicles37.59%
Individuals22.95%
Corporations / Businesses22.47%
HNWI16.98%
Services: Financial PlanningPortfolio Management for Individuals

Firm profile

FINTRX

Overview

Innovative Private Wealth Management Inc. is an independent, individually owned registered investment adviser that provides financial planning and portfolio management services primarily for individuals, families and small businesses. The firm is SEC-registered (2023) and offers a mix of fee arrangements — percentage of AUM, hourly charges and fixed fees — rather than relying on commission-based compensation. The firm reports serving both individual/family and institutional clients and does not classify itself as a capital allocator or pension consultant. It identifies as not being an active ESG investor.