Innovative Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Innovative Advisory Group reports 300 clients. They include 270 individual clients, 28 high-net-worth individuals and 2 charitable organizations. Of its assets, 100.0% ($194M across 800 accounts) are managed with discretion. It advised 300 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 63% |
| High-net-worth individuals | 9% | 36% |
| Charitable organizations | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 270 | $122M | 62.8% | $451K |
| High-net-worth individuals | 28 | $70M | 36.1% | $2.5M |
| Charitable organizations | 2 | $2.2M | 1.1% | $1.1M |
| Total | 300 | $194M | 100% | $647K |
- Clients
- 270
- Regulatory AUM
- $122M
- AUM share
- 62.8%
- Avg. per client
- $451K
- Clients
- 28
- Regulatory AUM
- $70M
- AUM share
- 36.1%
- Avg. per client
- $2.5M
- Clients
- 2
- Regulatory AUM
- $2.2M
- AUM share
- 1.1%
- Avg. per client
- $1.1M
Total
- Clients
- 300
- Regulatory AUM
- $194M
- AUM share
- 100%
- Avg. per client
- $647K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 300
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Innovative Advisory Group charges 1.00%–2.00% a year for its Investment advisory services (asset management accounts). The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Comprehensive financial planning
- Fixed fees generally $500 to $20,000, or hourly fees of $150 to $500, depending on complexity; up to 50% may be payable up front.
- Other special services
- Fees are negotiable and based on the scope of work, charged hourly or as a fixed fee.
Blue Haven Group Inc owns 50% to 75% of Innovative Advisory Group and is in turn owned by Rajeev Kotyan (75% or more). The leadership team of Innovative Advisory Group includes President Kirk Chisholm. It has 9 employees, 8 of them in advisory roles.
Staff
- 9 employees
- 8 in advisory functions
- 8 state-registered reps
- 5 insurance agents
- 8 soliciting firms
- Owns 50% to 75% of Innovative Advisory Group, LLC
Blue Haven Group Inc
Control person · since February 2008
- Owns 75% or more of Blue Haven Group Inc
Rajeev Kotyan
Control person · since February 2008
- Owns 50% to 75% of Innovative Advisory Group, LLC
Stirling Global Advisors, LLC
Control person · since November 2008
- Owns 75% or more of Stirling Global Advisors, LLC
Kirk Chisholm
Control person · since November 2008
Innovative Advisory Group’s regulatory assets grew from $137M (April 2022) to $194M (September 2026); clients rose from 278 to 300 and employees were 9 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $194M | 300 | 9 | 5 |
| Mar 2025March 2025 | $161M | 300 | 8 | 5 |
| Jun 2024June 2024 | $129M | 300 | 9 | 6 |
| Apr 2023April 2023 | $124M | 300 | 9 | 6 |
| Apr 2022April 2022 | $137M | 278 | 9 | 6 |
Besides its headquarters, Innovative Advisory Group has 4 offices (4 private residences, listed without an address), with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 394 Lowell Street, Suite 8, LexingtonHQ
Contact and registration details
- Legal name
- Innovative Advisory Group, LLC
- Headquarters
- 394 Lowell Street, Suite 8, Lexington, MA 02420
- Website
- innovativewealth.com
- Phone
- 781-577-2782
- @innovative-advisory-group
- SEC file
- 801-122046
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Innovative Advisory Group’s named custodians for separately managed accounts are Charles Schwab ($138M, 86%) and Community National Bank ($22M, 14%). Innovative Advisory Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $138M86%
- Community National BankCommunity National Bank · Seneca, KS · $22M14%
At year end, Innovative Advisory Group’s separately managed accounts were largely in stocks (45%) and cash (25%).
What the accounts hold
- Stocks45%
- Bonds10%
- U.S. government and agency bonds5%
- Investment grade corporate bonds5%
- Cash25%
- Other20%
- Client specific family controlled entities = 8% client specific deed of trust = 7% client specific real estate = 4% client specific physical precious metals = 1%20%
How many clients does Innovative Advisory Group have?
Innovative Advisory Group has 300 clients and manages $194 million for them, as of September 2026. They include 270 individual clients, 28 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026
What services does Innovative Advisory Group offer?
Innovative Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Innovative Advisory Group charge?
Innovative Advisory Group charges 1.00%–2.00% a year for its Investment advisory services (asset management accounts). The fee is billed in advance and is negotiable.
Source: IAG FIRM BROCHURE - SEPTEMBER 2026, filed 22 September 2026
Which custodians does Innovative Advisory Group use?
Innovative Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $138M and Community National Bank (Seneca, KS), with $22M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 September 2026
How many financial advisors does Innovative Advisory Group have?
Innovative Advisory Group has 8 investment adviser representatives registered with state securities authorities, out of 9 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 employees are 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 Innovative Advisory Group invest in?
At the end of its last fiscal year, Innovative Advisory Group’s separately managed accounts held 45% exchange-traded equities, 25% cash and equivalents, 20% other, 5% U.S. government and agency bonds and 5% investment grade corporate bonds. The 20% other category is described as: Client Specific Family Controlled Entities = 8% Client Specific Deed of Trust = 7% Client Specific Real Estate = 4% Client Specific Physical Precious Metals = 1%.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Innovative Advisory Group?
Innovative Advisory Group is owned through holding companies by Rajeev Kotyan and Kirk Chisholm. Its direct owners are Blue Haven Group Inc (50% to 75%) and Stirling Global Advisors, LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 22 September 2026
How does Innovative Advisory Group get paid?
Innovative Advisory Group is paid through a percentage of assets under management, hourly charges 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 Innovative Advisory Group?
Innovative Advisory Group’s main office is at 394 Lowell Street, Suite 8, Lexington, MA 02420. Its phone number is 781-577-2782. Its website is innovativewealth.com.
