Innovative Portfolios LLC (Indianapolis)

Name: Innovative Portfolios LLC
Address: 8801 River Crossing Blvd, Indianapolis, IN, 46240
Telephone: 317-689-6450

Innovative Portfolios LLC is an investment adviser to an investment company based in Indianapolis. It manages $202.06 thousand of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Indiana, New Jersey, and Texas.

Innovative Portfolios provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Innovative Portfolios: assets under management

The assets under management (AUM) of Innovative Portfolios LLC is $202.06 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.06 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.03 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Innovative Portfolios LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Innovative Portfolios serves?

The only and largest group of clients of Innovative Portfolios is investment companies with 1 clients and $202.06 thousand of assets under management. Among the 2 most similar advisory firms, Innovative Portfolios has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $202.06 thousand for 1 clients. None of the firm’s clients are foreign persons or businesses.

Innovative Portfolios doesn't advise any private funds.

Careers at Innovative Portfolios LLC

The company employs 16 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Sheaff Gilreath	Managing director	1 Aug 2015	Other	730793
Ronald Robert Brock	Managing director	1 Aug 2015	Other	1349947
Llc Sheaff Brock Capital Management	Holding co.	1 Aug 2015	75% - 100%	45-4059000
Audrey L. Kurzawa	Chief compliance officer	1 Mar 2017	Other	4347202

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Robert Brock	Owner/managing member	1 Nov 2011	50% - 75%	1349947
David Sheaff Gilreath	Owner/managing member	1 Dec 2011	50% - 75%	730793

Based in Indianapolis

The principal office where Innovative Portfolios LLC performs its advisory services is located at 8801 River Crossing Blvd, Indianapolis, IN 46240, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-689-6450 or by fax 317-689-6455. The normal business hours are 8:30 a.m. - 5 p.m. est on Monday - Friday. You can find more information about the New York firm at innovativeportfolios.com.