Innova Wealth Partners provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year.
Innova Wealth Partners reports 521 clients. They include 371 individual clients, 137 high-net-worth individuals, and 9 pension and profit-sharing plans. Of its assets, 98.7% ($284M across 519 accounts) are managed with discretion; $3.89M across 2 accounts are not. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 23% |
| High-net-worth individuals | 26% | 74% |
| Pension and profit-sharing plans | 2% | 3% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 371 | $65.1M | 22.6% | $176K |
| High-net-worth individuals | 137 | $212M | 73.6% | $1.55M |
| Pension and profit-sharing plans | 9 | $8.81M | 3.1% | $979K |
| Corporations and other businesses | Fewer than 5 | $2.23M | 0.8% | $559K |
| Total | 521 | $288M | 100% | — |
- Clients
- 371
- Regulatory AUM
- $65.1M
- AUM share
- 22.6%
- Avg. per client
- $176K
- Clients
- 137
- Regulatory AUM
- $212M
- AUM share
- 73.6%
- Avg. per client
- $1.55M
- Clients
- 9
- Regulatory AUM
- $8.81M
- AUM share
- 3.1%
- Avg. per client
- $979K
- Clients
- Fewer than 5
- Regulatory AUM
- $2.23M
- AUM share
- 0.8%
- Avg. per client
- $559K
Total
- Clients
- 521
- Regulatory AUM
- $288M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Innova Wealth Partners charges up to 2.00% a year for its Investment Supervisory Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Educational Courses
- Educational courses cost $39 per class, paid by check or credit card on or before the date of the course.
- Financial Planning and Consulting
- One-time financial plans are a flat fee of $500 to $10,000 depending on complexity, paid on plan delivery; ongoing consulting is $1,000 to $2,000 per month, billed in arrears.
Ian Foster owns 50% to 75% of Innova Wealth Partners. The leadership team of Innova Wealth Partners includes Chief Compliance Officer William Bromley. It has 6 employees.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Innova Wealth Partners, LLC
Ian Foster
Control person · since June 2013
- Owns 50% to 75% of Innova Wealth Partners, LLC
William Bromley
Control person · since October 2015
Innova Wealth Partners’ regulatory assets grew 2.1× from $135M (July 2021) to $288M (September 2026); clients rose from 386 to 521 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $288M | 521 | 6 | 3 |
| Feb 2025February 2025 | $228M | 498 | 4 | 3 |
| Mar 2024March 2024 | $178M | 459 | 4 | 3 |
| Mar 2023March 2023 | $163M | 448 | 5 | 3 |
| Jan 2022January 2022 | $177M | 410 | 5 | 3 |
| Jul 2021July 2021 | $135M | 386 | 5 | 1 |
Besides its headquarters, Innova Wealth Partners has 2 offices (2 private residences, listed without an address), with 1 listed address in 1 state.
Pennsylvania · 1 listed address
- 12 Terry Drive, Suite 203, NewtownHQ
Contact and registration details
- Legal name
- Innova Wealth Partners, LLC
- Headquarters
- 12 Terry Drive, Suite 203, Newtown, PA 18940
- Website
- myinnovawealth.com
- Phone
- 888-270-1574
- @innova-wealth-partners
- SEC file
- 801-117798
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Innova Wealth Partners’ named custodian for separately managed accounts is Charles Schwab ($281M). Innova Wealth Partners does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $281M100%
At year end, Innova Wealth Partners’ separately managed accounts were mostly in funds (69%) and stocks (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $244M across 180 positions; the largest are iShares TR (6.5%), EA Series Trust (4.4%) and Janus Detroit Str TR (4.1%).
What the accounts hold
- Stocks17%
- Funds69%
- Bonds5%
- Investment grade corporate bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash8%
- Other1%
- Derivatives1%
How many clients does Innova Wealth Partners have?
Innova Wealth Partners has 521 clients and manages $288 million for them, as of September 2026. They include 371 individual clients, 137 high-net-worth individuals, and 9 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026
What services does Innova Wealth Partners offer?
Innova Wealth Partners provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Innova Wealth Partners charge?
Innova Wealth Partners charges up to 2.00% a year for its Investment Supervisory Services. The fee is billed in arrears and is negotiable.
Which custodians does Innova Wealth Partners use?
Innova Wealth Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $281M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026
How many financial advisors does Innova Wealth Partners have?
Innova Wealth Partners has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Innova Wealth Partners invest in?
At the end of its last fiscal year, Innova Wealth Partners’ separately managed accounts held 69% registered funds (mutual funds, ETFs, BDCs), 17% exchange-traded equities, 8% cash and equivalents, 3% investment grade corporate bonds, 1% U.S. government and agency bonds, 1% state and local bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Innova Wealth Partners?
Innova Wealth Partners’ direct owners are Ian Foster (50% to 75%) and William Bromley (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 September 2026
How does Innova Wealth Partners get paid?
Innova Wealth Partners is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Innova Wealth Partners?
Innova Wealth Partners’ main office is at 12 Terry Drive, Suite 203, Newtown, PA 18940. Its phone number is 888-270-1574. Its website is myinnovawealth.com.